Online payments company Skrill announced on Friday it is dropping all fees and foreign exchange charges for those using its Skill Money Transfer service to send funds to Italy. Along with the transfer fee drops, there will also be no charges for recipients in Italy. This is all due to the current COVID-19 outbreak in the country. Founded in 2001, Skrill provides digital payment solutions to consumers and businesses around the world. The company is headquartered in the UK and has offices in Europe, as well as the U.S.
“From betting and trading to shopping to gaming, our online and mobile payment solutions help customers make payments when and how they want to. Our business solutions let companies of all sizes trade in a global marketplace. Tens of millions of account holders trust Skrill to bring all their payment options together in one place, allowing them to send and receive money conveniently and with confidence in nearly 200 countries and 40 currencies.”
Speaking about the fee changes, Lorenzo Pellegrino, CEO of Skrill, stated:
“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.”
COVID first surfaced in China before spreading to other parts of the world. As of the morning of March 12th, there are more than 20,000 confirmed cases and there have been almost 1,000 deaths in the European Region,