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March 13, 2020

Skrill drops fees on money transfers to Italy

Skrill, an online payments company behind Skrill Money Transfer, has dropped all fees and foreign exchange charges for those using Skrill Money Transfer to send money to Italy.

Charges will not be levied on recipients in Italy.

This decision was announced by Skrill CEO Lorenzo Pellegrino, an Italian national, in a bid to support people across Italy during the current COVID-19 outbreak.

Set up in 2001, Skrill’s money transfer service enables customers to send money from anywhere in the world to people in more than 40 countries, including Italy.

The recipient need not have a Skrill account to get funds.

These funds can also be sent to bank accounts and mobile wallets.

Skrill, NETELLER and Income Access at specialised payments platform Paysafe CEO Lorenzo Pellegrino said: “I am utterly heartbroken to see this situation unfold in my home country. By removing all fees and foreign exchange mark ups, people who are sending money to loved ones in Italy from outside of the country will see more of their funds going to the right place.”

Paysafe Group (Paysafe) is a specialised payments platform. Its enable businesses and consumers to connect and transact seamlessly.

It has over two decades of online payment experience, with an annualised transactional volume of over $85bn and around 3,000 employees in more than global locations.

It connects businesses and consumers across 200 payment types in more than 40 currencies.

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