Complete Digital Wallets Comparison: PayPal vs Skrill vs Neteller vs Advcash vs Payeer
Manger
Jul 16, 2025
15 min read
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Executive Summary
Digital wallets transformed how payments and money transfers are executed online and internationally. We will do a thorough comparison of the top five digital payment platforms on the market: PayPal, Skrill, Neteller, Advcash, and Payeer. Every wallet provided has particular aspects, fee structures and services that are very different from each other, which covers almost every user's needs - from personal transactions to business operations.
Key Findings:
PayPal is the most widely accepted digital payment platform and is the best in terms of the number of merchants integrating its channels.
Skrill has the most competitive charges for international transfers and charges the lowest in the industry for crypto trading.
Neteller is fantastic in terms of their VIP programs, and they also provide services revolving around gaming only.
Advcash is the leader of multi-cryptocurrency support, plus it comes with an integration of the crypto-industry as its primary feature.
Payeer presents profitable options for clients in the Eastern European market.
1. PayPal - The Global Payment Giant
Overview
PayPal, that was founded in 1998, is still the most popular digital wallet in the world with a customer base of over 432 million active users worldwide. Originally developed to support eBay purposes, it has now grown into a complete payment ecosystem catering to both individual and corporate customers across borders.
Account Types
Personal Account
Purpose: This account is created for individual users to carry out personal transactions
Charities: Non-profits that are registered are eligible for the rate discounts
Micropayments: Fees for transactions under $10 are especially beneficial
Instant transfers: 1.75% up to $25
Standard withdrawals: Free of charge to bank accounts
Supported Currencies and Countries
Currencies: More than 25 major currencies
Countries: 200+ countries and territories
Restricted regions: Only in some places where services are limited
Business Features
Merchant solutions: Payment processing that is broad and full-fledged
API integration: Strong developer tools for excellent API integration
Invoicing: Efficient and professional invoicing with an option to maintain the invoice
Reporting: Advanced analytics and transaction reporting
Multi-user access: It is possible for team management to be done by several other people
Payment Cards
PayPal Debit Mastercard: Use of the PayPal balance for payments
PayPal Credit: A financing option that can be availed when buying without paying immediately
Business Debit Mastercard: Features for business users that are effective for business operations
2. Skrill - The Gaming and Trading Specialist
Overview
Skrill was established in 2001 as Moneybookers and in the course of twenty years, it has grown into one of the leading digital wallets in the world of online gaming, trading, and money transfers across borders. Their reach with a presence in more than 200 countries and offering services in over 40 currencies.
Account Types
Personal Account
Standard features: Money transfers, online payments, currency exchange
VIP levels: Bronze, Silver, Gold, Diamond with progressive benefits
True Skriller: Enhanced status with reduced fees
Business Account
Note: The company is currently not accepting new business applications due to the high demand for the service it is providing
Features: Payment processing, merchant solutions, API integration
Trading: Direct trading of cryptos right in the wallet
Conversion: Easy crypto-to-fiat conversion without any hassle
Payment Cards
Skrill Prepaid Mastercard: Available in SEPA countries only
Virtual card: For transactions made online
ATM access: Access to ATMs around the world
3. Neteller - The Professional Trading Platform
Overview
The company was founded in 1999. Over the years, Neteller has risen to become a significant player in the online payment arena, being the payment solution of choice for forex traders and professional players. It has attained the reputation of topmost security and extensive VIP programs.
Account Types
Personal Account
Features: Easy transfer of money anywhere in the world, online payment, currency management
VIP program container image: The Basic and the Enhanced Verification
VIP card holder (#): A system of 5 VIP levels with gradual benefits
Business Account
Features: Merchant processing, API integration, bulk payments
Industries: Trading, gaming, and e-commerce
Fee Structure
Transaction Fees
Neteller-to-Neteller: Transfer between Neteller accounts is charge-free
Money transfer: The charge is 1.45% plus a minimum of $0.50
Currency conversion: 2.99% - 3.99% depending on VIP level
Deposit fees: 2.5% for most methods
Withdrawal fees: $10 for bank transfers
VIP Benefits
True Level: Reduced fees, extra loyalty points
VIP Silver/Gold/Diamond: Gradually improved rates and services
Dedicated support: Personal account coordinators for the very top VIP levels
Supported Currencies and Countries
Currencies: 28+ currencies with major cryptocurrencies available
Countries: 200+ countries and territories around the globe
Restricted regions: Not available in the US, restricted in some countries
Cryptocurrency Support
Available cryptos: Bitcoin, Ethereum, Litecoin, Bitcoin Cash
Trading: Direct cryptocurrency trading operation
Conversion: Instant exchanging of digital currency for fiat money
Payment Cards
Net+ Prepaid Mastercard: Embracing SEPA countries
Virtual card: For the convenience of online payments
ATM limits: VIP members can take out up to $3,300 per day
4. Advcash - The Cryptocurrency Pioneer
Overview
Advcash has now changed its name to Volet.com and has become the first choice for people in the cryptocurrency and multi-currency payment services industry. It has been working since 2014 and it is a matter of no doubt to state that it provides its services to more than 150 countries in the world and is known as the leader in the integration and use of cryptocurrencies by many experts in many countries.
Account Types
Personal Account
Features: Multi-currency wallet, crypto trading, international transfers
Verification: Standard KYC requirements
Limits: Enhanced limits with full verification
Business Account
Features: Corporate finance management, API solutions, bulk processing
Requirements: Company registration documents required
Benefits: Higher limits, dedicated support
Fee Structure
Transaction Fees
Internal transfers: Free between Advcash accounts
Cryptocurrency transfers: Competitive rates
Currency conversion: Near market rates
Deposit fees: Varies by method
Withdrawal fees: Method-dependent pricing
Card Fees
Virtual card: $1 issuance fee
Physical card: $14.99 - $90 depending on type
ATM withdrawals: $1.99 - $2.99 per transaction
Monthly fees: $0 maintenance
Supported Currencies and Countries
Currencies: 9 fiat currencies, 13+ cryptocurrencies
Countries: 150+ countries served
Restricted regions: USA and territories excluded
Cryptocurrency Features
Extensive crypto support: Bitcoin, Ethereum, Litecoin, USDT, and more
Crypto savings: Up to 10.3% APY on crypto deposits
Trading: Integrated crypto trading platform
Conversion: Real-time crypto-to-fiat conversion
Additional Services
Referral program: 20% of transaction fees from referrals
Investment options: Crypto savings accounts
API integration: Comprehensive developer tools
5. Payeer - The Emerging Market Solution
Overview
Payeer was launched in 2012 and, since then, has been predominantly sought after by consumers in the Eastern European and CIS markets. The platform has a reputation for low fees and a wide range of financial services it provides, including the one of the most featured cryptocurrency trading platform in the market.
Account Types
Personal Account
Features: Multi-currency wallet, crypto trading, global money transfers
Verification: Identity check is obligatory for the use of full functions
Limits: Up to 15000 EUR is the maximum amount of free transaction for unregistered accounts
Business Account
Features: Merchant processing, API integration, bulk payments
Benefits: Industry-specific tools and higher limits
Requirements: Submission of company papers for verification
Fee Structure
Transaction Fees
Internal transfers: 0.5% for USD, EUR, RUB
Cryptocurrency transactions: Variable rates
Deposit fees: 1-3% for Perfect Money, 3.99% for Visa/Mastercard
Withdrawal fees: varies by method withdrawal fees are free for some methods, 1.99% for cards is a possible charge
Special Features
No monthly fees: No costs for opening and holding an account
Referral program: Lifetime earning from invited referrals
Exchange rates: The rates are competitive for the currency exchange
Supported Currencies and Countries
Currencies: A ton of world's fiat currencies and cryptocurrencies
Countries: Service available to 127 countries
Focus regions: Large target markets in Eastern Europe and CIS
Cryptocurrency Support
Available cryptos: Cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and more
Trading: One account but paired with a cryptocurrency market
Wallets: There is a separate digital wallet to store each cryptocurrency
Payment Options
Funding methods: Money deposit through bank transfer, cards, crypto, e-currencies
Withdrawal options: Several ways with the inclusion of cards and cryptocurrency
Mobile app: Mobile application with all functionalities
Regional expertise: Those who very well cover the eastern European markets
Cost-effective solutions: A pricing structure that is as minimal as possible but competitive
Cryptocurrency support: The processing of cryptocurrency payments
Referral incentives: Clients' revenue as they argue about shared programs
Investment and Savings Features
Cryptocurrency Investment Options
Skrill Crypto
Supported currencies: BTC, ETC, LTC, BCH
Trading features: The transaction is instant, and no intermediaries are involved
Security: Safekeeping your crypto is secure
Conversion: Convert on the fly from crypto to fiat
Neteller Crypto
Available cryptos: BTC, ETC, LTC, BCH
Trading platform: An exchange that is in-built in the wallet
VIP benefits: VIP clients are granted better conditions
Security: Advanced crypto security measures
Advcash Crypto
Multitude of Coins: Supportive of 13+ cryptocurrencies
Savings Account: With up to 10.3% APY on crypto deposits
Trade the World: A Comprehensive crypto exchange
Innovation: The newest blockchain integrations
Payeer Crypto
Different cryptos: Bitcoin, Ethereum, Litecoin, other
Market option: Attached crypto trading feature
The idea of a wallet: One wallet that is dedicated to one cryptocurrency type
Best Rates: Almost zero crypto trading fees
Savings and Investment Programs
Referral Programs
Advcash: 20% of transaction fees from referrals
Payeer: Lifetime commissions from referred users
Skrill/Neteller: VIP rewards and cashback programs
Loyalty Programs
Skrill KNECT: Points-based loyalty system
Neteller Rewards: VIP-based reward structure
PayPal: Merchant-specific rewards and cashback
Country Restrictions and Limitations
PayPal Restrictions
Limited countries: Some countries are unable to use the service
Account limitations: In many cases, the functionality in only a few countries is available
Compliance requirements: Being committed to comply with all regulations
Skrill Restrictions
Non-SEPA card limitations: Cards can be used in those countries which are members of the SEPA only
Gaming restrictions: Only a few countries allow this
Compliance requirements: Simple identity verification is enough
Neteller Restrictions
USA exclusion: The service doesn't reach the US
Card limitations: Only some countries in SEPA area allow these prepaid cards
Gaming restrictions: It's accessibility is limited to a few countries
Advcash Restrictions
USA exclusion: Not available in the United States
Regional limitations: People situated in some countries have limited access to the service
Compliance requirements: Even more stringent verification is required for specific regions
Payeer Restrictions
Regional focus: They operate primarily in Eastern Europe and CIS countries
Verification requirements: It is necessary to verify your account properly in order to get full access
Currency limitations: There is only support for a small number of local currencies
Mobile Applications and User Experience
PayPal Mobile
Full-featured app: A whole batch of the mobile version functionality of PayPal
Global availability: Accessibility in the majority of the countries
Integration: The process of fitting smoothly with merchants
User experience: A user-friendly and an easily understandable GUI
Skrill Mobile
Gaming-focused: Wagering accounts being in the driver's seat of those accounts and gaming transactions are the most benefited ones
Crypto trading: Pocketing crypto trading in hand is the biggest advantage of this
VIP management: The VIP account management feature of mobile application
Multi-currency: Universal support for 40+ currencies
Neteller Mobile
Professional tools: The suite of tools delivering professional-level support to the users
Crypto support: The support for trading crypto on the mobile app
VIP features: Enhanced VIP functionality
Security: Advanced security features
Advcash Mobile
Crypto-focused: One-stop-shop for digital assets
Multi-currency: Ability to store or transact in different currencies
Trading: Execution of trades on mobile devices
Innovation: Most cutting-edge advancements in the mobile sector
Payeer Mobile
Regional optimization: Made to work better within certain parts of the world
Cost-effective: Cheap-to-use mobile banking
Crypto support: Mobile cryptocurrency investments
User-friendly: Technical with the utmost simplicity and intuition
Customer Support and Service Quality
PayPal Support
24/7 availability: Support that is operative day and night
Multiple languages: Assistance in many languages
Multiple channels: There are phone, email, chat, and a help center to choose from
Business support: Assistance for company accounts
Skrill Support
24/7 availability: Round-the-clock customer help
Multiple languages: The support team that speaks many languages
VIP support: First-class help goes to VIP members
Gaming expertise: Specialized gaming industry support
Neteller Support
Professional focus: Specialized professionals' assistance
VIP support: Personal assistance of VIP account managers
24/7 availability: Assistance throughout the day
Trading expertise: Specialized trading industry assistance
Advcash Support
24/7 availability: Help service available all the time
Multiple channels: Different support services
Crypto expertise: Specialized cryptocurrency help
Innovation support: Supporting the latest features
Payeer Support
Regional expertise: Specialized regional support services
Multiple languages: Support in multiple languages
Cost-effective: Support services that are efficient/cheap
Crypto support: Receiving help with anything that has to do with cryptocurrency
Conclusion and Recommendations
Best Use Cases for Each Platform
Choose PayPal if:
The brand needs maximum worldwide merchant acceptance
You want to grow an e-commerce business
You make sure that you get your security and buyer protection needs fulfilled
You are in a situation of having the latest business tools
Choose Skrill if:
You are in any of the online gaming or trading businesses
You want the most reasonable fees for sending money internationally
You require the best service for cryptocurrency transactions
You are situated in Europe and you have access to SEPA
Choose Neteller if:
You're a professional trader or high volume user (VIP)
You expect to join a premium tier billing rewards program
You want to access the specialized trading features of the industry
You are one of those who are not in the USA
Choose Advcash if:
You are a person who has a lot to do with cryptocurrency
You are in need of features that uses the blockchain technology
You are looking for opportunities to save some coins through cryptos
You are a person who enjoys being up to date with the latest technology
Choose Payeer if:
You are from Eastern Europe or the CIS countries
You need options that save money on payments
You want to take part in referral programs with competitiveness
You are in the need of basic support for cryptocurrency
Final Recommendations
For Global Business: PayPal is the platform with the broadest international coverage and merchant acceptance
For Gaming/Trading: Skrill and Neteller are the options with the best services for these sectors
For Cryptocurrency: Advcash is where you can enjoy the slickest crypto features and the best savings opportunities
For Regional Use: Payeer is very appealing to users from Eastern Europe in terms of their good value-for-money offers
For VIP Users: Neteller is still the company that has the most exclusive VIP program, the program with the greatest advantage
Important Considerations
Regulatory compliance: All platforms need to be correctly identified and must follow the law
Fee structures: Find the real fees for your particular payment situations
Geographic restrictions: Make sure it is available in your country
Security features: Keep all security features activated
Customer support: The support quality and its availability should be taken into account
The selection of these financial instruments largely depends on your specific requirements, location, transaction volume, and the functions you like most. These platforms have all been individually developed to cater to different market segments, and having an understanding of these differences will guide you in making the best decision, suitable for your own needs.
This comparison is based on the fee schedules and accessible details by the providers. Digital wallet terms and conditions might be changed, so always seek the most recent and correct information on official websites before coming to a final decision.
