Skrill, previously known as Moneybookers until 2011, is a digital payment platform established by the UK-based company Gatcombe Park Ventures. The service officially launched on April 1, 2002, and has since expanded its reach to over 200 countries. It offers support for multiple currencies, approximately 40 in number, and provides around 100 various payment options to its user base. The company’s main office is situated in London, and it operates in collaboration with the international finance group known as Global Park Solution.
Highlights of the Platform
Utilizing the Skrill digital payment system, users can send money globally, handle online transactions, effortlessly top up their digital wallets, and withdraw cash to a linked bank card. Traders also find value in Skrill, thanks to its ability to facilitate quick financial market transactions, acquire digital currencies, and place bets on sports events. Moreover, Skrill is compatible with the payment policies of the global online marketplace eBay. Skrill features a mobile application that enables account management from virtually anywhere. For residents of Ukraine and CIS countries, the Skrill e-wallet offers its full range of services,
with the option to link to VISA or Mastercard for deposits and withdrawals.
Advantages of Using Skrill
- Applicable to both individual and corporate users;
- Account management possible from both desktop and mobile devices through a dedicated app;
- Competitive pricing – no charge for opening an account, 1% fee for account top-ups, and a minimal 1.45% fee for internal transfers;
- Convenient for receiving payments from international users;
- Extensive features – includes options for sending money, making purchases, and funding accounts for online gaming, poker, and betting;
- Secure transactions and fund storage within the service;
- Rapid acquisition of nine different cryptocurrencies and the ability to manage investment portfolios directly from your account;
- Efficient customer service – support accessible via site chat or telephone;
- Swift access to accounts via both the web interface and mobile app.
The Skrill payment system is registered in the Central Bank of Ireland under the number C184986, has an FCA license FRN900001, and is an authorized agent for electronic money transactions of the European Commission European Communities Regulations. To gain access to all the functions of the electronic wallet, users need to pass account verification with the provision of documents and data on the place of residence. Inside the company, there is a department for combating fraud – the service reliably protects the financial transactions and personal data of users.
In total, the service supports more than 100 ways to replenish your account. You can send funds by transfer to a personal bank account. The term for crediting money to the card is 5 working days. It is possible to withdraw funds to a WebMoney dollar wallet (WMZ) through the Exchanger Money exchange service. The withdrawal fee is 7% of the amount in the Mastercard system and 7.5% of the withdrawal amount for VISA cardholders. When money is credited to a bank account through the SWIFT system, a fixed commission in the amount of 396.99 rubles is charged. To withdraw funds to Qiwi and Yumoney electronic wallets, use the services of popular exchange services. The base currencies of the payment system are dollars and euros, in total the service supports more than 40 currencies. Verified users of the system can buy and sell cryptocurrencies, including using conditional orders, and manage their investment portfolio in one window mode.
How to Get Started
To join Skrill, start by visiting the Skrill website or downloading the app from your device’s app store. Once there, click on the “Sign Up” or “Register” button and fill out the required fields, which usually include your name, email address, and a strong password. You’ll then need to choose between a personal or business account and select the currency you’ll mainly use, noting that some services may lock this choice after account creation. After this, a confirmation email will be sent to your email address; click the link within it to verify your account. Depending on the location and the services you wish to use, you may also be asked to undergo additional verification, providing identification documents like a passport, driver’s license, or a utility bill. You should then link your preferred payment methods—such as a bank account or credit card—following the on-screen prompts. For added security, it’s advisable to activate two-factor authentication through your account settings.