Skrill, which is one of the major player in the online payment services industry, has decided to introduce a free Money Transfer service in the United States.
The company first launched a Money Transfer in Europe two years ago. The service quickly became quite popular as it facilitated money transfers from person to person in over 40 countries. As the pandemic picked up and its consequences begun to be felt widely the company began dropping its commissions. It has also dropped its foreign exchange charges in many places all over the world.
It is now dropping these commissions in the United States both for old and new users. The service covers 18 different countries, among which are Mexico and India, together with major Asian and European jurisdictions.
The company already made a statement that they are doing that to help users who have issues due to the pandemic. I think that’s really helpful and I hope that other online payment services will follow suit, at least those who are large enough to afford it.