Paysafe Group, a global payments provider, announced on Monday the U.S. launch of its Skrill Money Transfer service. According to Paysafe, existing and new Skrill customers in the U.S. may now use the solution to transfer money for free to friends and family in Mexico, India, and nearly 20 other Asian and European countries, with others reportedly being available in the near future.
Paysafe reported that Skrill Money Transfer was first launched in Europe less than two years ago for transfers to more than 40 countries globally. The company further explained that immigrants and ex-pats in the continental U.S. will benefit from using the Skrill Money Transfer because it ensures as much financial support as possible to reach those Mexico, India, Pakistan, Bangladesh, Italy, the U.K., Spain, and France.
To use the service, U.S. consumers simply pay with their personal bank account through instant ACH, or their debit or credit card, to fund transfers from their Skrill account. Funds may be transferred directly to bank accounts overseas and recipients are also not charged a fee by Skrill to receive the funds, but they may incur fees from their financial institutions to receive or withdraw any funds. Speaking about the launch, Lorenzo Pellegrino, CEO of Skrill, NETELLER, and Income Access at Paysafe, stated:
“There has never been a more important time for remittance services, and we’re proud to bring Skrill Money Transfer to U.S. consumers, who send more money overseas to friends and family than anyone else in the world. New Americans and expats with connections overseas will now be able to send their loved ones much-needed help. Together we’re always stronger.”
Founded in 1996, Paysafe claims to be a leading global provider of end-to-end payment solutions. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions.