Skrill vs Neteller
Two wallets, one owner, and very little daylight between them. Here's what actually differs — and why most Australians should look elsewhere entirely.
Last updated 14 June 2026Skrill
A digital wallet aimed at online gambling, forex and crypto traders moving money in and out of platforms.
AUSTRAC unverifiedNeteller
Skrill's sibling under the same operator (Paysafe), with an almost identical feature set and audience.
AUSTRAC unverifiedThe verdict
You already use a gambling or trading platform that lists Skrill as a deposit option and nothing else does the job. Its crypto and forex support is marginally broader, and its loyalty programme slightly more generous. Those are thin reasons.
A specific merchant you need accepts Neteller but not Skrill. Functionally it is the same wallet from the same company — pick whichever your platform actually supports, because there is no meaningful quality difference between them.
For almost everyone, skip both. Neither holds Australian dollars, neither has confirmed AUSTRAC standing, both carry high FX margins and inactivity fees that quietly erode an idle balance, and both are built around gambling and trading flows most readers don't need. If you want a real multi-currency wallet, Wise or Revolut beat these on every measure that matters. Use Skrill or Neteller only when a platform you already trust leaves you no other option.