Personal Finance Money transfer

Can you transfer money from Skrill to PayPal in Spain? Here’s how it works

Gemma Gálvez

08.05.26

Read time 3 minutes

If you're like most of us, you probably rely on Skrill and PayPal for everything from online shopping and splitting dinner bills to receiving freelance payments. After all, they are two of the most popular e-wallets on the market.

The only catch? Because they are competing platforms, you cannot move money directly between them. But don't worry—if you need to transfer funds from Skrill to PayPal, it is easier than you might think. This guide will walk you through the process. Using a multi-currency account from a provider like Wise is a great way to bridge the gap while avoiding high fees.

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Can you transfer money directly from Skrill to PayPal?

The short answer is no. Since PayPal generally only allows you to receive funds from traditional bank accounts, you cannot directly link another digital wallet like Skrill to your PayPal balance.

So, how do you get around this? To transfer money from Skrill to PayPal in Spain, you need to use an intermediary service. This is where a platform like Wise comes in.

Wise offers an online account that acts as a bridge between Skrill and PayPal. The best part? If your Skrill and PayPal accounts use different currencies, Wise converts your funds using the mid-market exchange rate, with no hidden markups or high conversion fees.

Step-by-step guide: Moving funds from Skrill to PayPal in Spain

Wise allows you to open an online account that provides local account details for multiple currencies. You can withdraw your Skrill balance to your Wise Euro account and then move those funds into PayPal.

Here is how to do it:

Register for a Wise account: Sign up online or via the app.
Activate your Euro account: Generate your local Euro account details (IBAN). To minimize fees, it is best if the currency of your Wise account matches the currency of your Skrill balance.
Withdraw from Skrill: Log into your Skrill account, go to the “Withdraw” section, select “Bank Account,” and add your new Wise IBAN.
Wait for your funds: Once the money arrives in your Wise account, you can keep it in Euros or convert it to any of the 40+ supported currencies at the mid-market rate.
Link Wise to PayPal: Log into your Spanish PayPal account and go to your Wallet. From there, link your Wise account details or your Wise debit card.
Add money to PayPal: Click on “Transfer Money” and then select “Add money to your balance.” Follow the prompts to initiate a SEPA transfer from your Wise account.

Keep in mind that transferring money from a bank account to a PayPal balance in Spain usually takes about two business days.

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The reverse route: How to transfer money from PayPal to Skrill in Spain

Need to move money from PayPal to Skrill instead? The process is just as straightforward, and Wise remains the perfect middleman for the job.

Link Wise to PayPal: First, add your Wise Euro account details to your PayPal wallet. When you register this account with your Spanish PayPal profile, you are essentially setting up a SEPA direct debit mandate.
Withdraw from PayPal: Once the account is linked and confirmed, simply withdraw your PayPal balance into your Wise account. Personal withdrawals to a linked bank account within Spain are often free.
Top up Skrill: After the funds land in your Wise account, the final step is to top up your Skrill wallet. The fastest way to do this is by using your Wise international debit card.

It works just like any other Spanish card, but with the added benefit of much better exchange rates if you ever need to pay in a foreign currency.

Why use a Wise multi-currency account in Spain?

Wise is more than just a handy tool for connecting e-wallets; it’s a comprehensive financial passport. With a Wise account, you get local account details in multiple different currencies, allowing you to send and receive money like a local.

Here is what else a Wise account offers for users in Spain:

Hold multiple currencies: Maintain balances in over 40 currencies and swap between them in seconds for a small, transparent fee.
The real exchange rate: Wise always uses the mid-market exchange rate—the one you see on Google—without hidden markups.
International debit card: Use your Wise card to shop online or pay in person worldwide. It automatically converts your money at the real exchange rate the moment you tap your card.
Cash withdrawals: Take out cash from ATMs globally. In Spain, you get two free withdrawals up to €250 total per month, with a small fixed fee thereafter.

If you are looking to simplify your digital payments and move money between platforms without losing out on exchange rates, a Wise account is the perfect solution.

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*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.