Skrill (formerly Moneybookers) is a digital wallet provider established in 2001 which offers a range of online payment and money transfer services.Since launch, Skrill has expanded to operate in more than 120 countries with the digital wallet offered in 40 different currencies. Customers can upload money to their Skrill wallet using various payment options, including by card, bank transfer and a number of alternative payment methods. The funds can then be used to pay merchants, other Skrill users, or transferred into cryptocurrency.
Skrill also offers cross-border payments via its remittance service, Skrill Money Transfer. The service enables customers to send money to a bank account overseas using their bank card. In 2015, Skrill was acquired by the Paysafe Group along with former competitor Neteller and prepaid payment provider paysafecard.
Skrill holds a number of licenses enabling it to offer its services in Europe and globally. Skrill is operated by Paysafe Payment Solutions Limited, a company incorporated in Ireland and regulated by the Central Bank of Ireland, for its European regulated activities. Skrill’s activities outside of the European Economic Area are operated by Skrill Limited – a company incorporated in the United Kingdom and regulated by the Financial Conduct Authority.