Skrill is an e-commerce business that allows payments and money transfers to be made through the Internet, with a focus on low-cost international money transfers. It is owned and operated by Skrill Limited, a company based in London, England.
Skrill is not a bank and does not lend customers’ funds.
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Skrill began as Moneybookers in 2001, before rebranding as Skrill in 2013. Moneybookers was founded by Daniel Klein and Benjamin Kullmann in 2001 as an alternative to PayPal.
The company was later bought by Investcorp Technology Partners for £105 million in 2007. In 2009, Moneybookers processed almost £3 billion in transactions.
In March 2013, Skrill completed the acquisition of Austrian-based prepaid card provider paysafecard for €140 million. paysafecard allows customers to make online payments without using a bank account or credit card.
In April 2014, Skrill acquired Ukash, a UK-based prepaid voucher company for £96 million.
In February 2015, Skrill completed the acquisition of Sentenial Limited, a provider of white label prepaid solutions for banks and financial institutions. The acquisition allowed Skrill to enter the market of issuing and managing prepaid cards.
In May 2015, Skrill reached an agreement with Visa Inc. to allow Visa cardholders to withdraw funds from their Skrill accounts directly onto their Visa cards.
Skrill is a member of the UK’s Financial Conduct Authority (FCA) and is regulated by the FCA under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900015). Skrill Limited is also licensed by the Central Bank of Cyprus as an Electronic Money Institution (EMI), license number 171/12.
Skrill allows customers to transfer money to merchants or other individuals through its website or mobile app. Customers can transfer money using their email address or phone number, similar to how PayPal works. Funds can also be transferred from one Skrill account to another using the same methods.
If customers want to transfer money to someone who does not have a Skrill account, they can do so by using the recipient’s email address or phone number. The recipient will then be sent a link where they can sign up for a Skrill account and claim the funds.
Skrill also offers a prepaid MasterCard which can be used to withdraw cash from ATMs or make online and offline purchases anywhere that accepts MasterCard payments. The card can be loaded with funds from a customer’s Skrill account balance or from another source such as a credit or debit card.
There is no credit check required to get a prepaid MasterCard from Skrill and there are no monthly fees associated with it.
What Online Casino Uses Skrill? Many online casinos use Skrill as one of their accepted payment methods because it is safe, secure, and convenient for both casino operators and players alike. When making a deposit at an online casino using Skrill, players can rest assured that their personal and financial information is safe as all data is encrypted before being transmitted over the Internet.
Plus, players can take advantage of any special bonuses or promotions that may be offered by the casino when using this payment method.
