Skrill Moneybookers Fees
| Type | Private |
|---|---|
| Industry | Online payments |
| Founded | 27 July 2001; 19 years ago |
| Headquarters | 25 Canada Square, London, United Kingdom |
| Worldwide | |
Key people | Lorenzo Pellegrino (CEO) |
| Products | Payment gateway Digital wallet Prepaid card PSP |
| Revenue | $331 million (2014)[1] |
| 500+ (2018)[2] | |
| Parent | Paysafe Group |
| Website | skrill.com |
Skrill Usd
Skrill (formerly Moneybookers) is a digital wallet provider established in 2001 which offers a range of online payment and money transfer services.[3]
The online wallet for money movers and makers. Skrill has been helping to make it, send it and spend it for millions of customers since 2001. So wherever you are and whatever you want to do with your money, just skrill it. Get your Skrill Visa® Prepaid Card for free. Get started.Annual fee applies. From April 27, 2021, an application fee of $10 will be introduced for customers who do not meet certain criteria. For more detail see here.
Since launch, Skrill has expanded to operate in more than 120 countries with the digital wallet offered in 40 different currencies.[4][5] 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.[6] 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 [7][8] 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,[9] 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.
Skrill Moneybookers
History[edit]
Early history (2001 to 2015)[edit]
Skrill was originally founded in 2001 in the United Kingdom as Moneybookers, a digital wallet provider.[10] By 2007 it had become established as one of the top three e-payment solution providers in Europe.[11] when it was purchased by Investcorp in March of that year[12] In September 2011, Moneybookers announced that they would rebrand their service as Skrill, completing the rebrand in 2013.[13] As Skrill, they completed the acquisition of Austrian-based prepaid payment method paysafecard in February 2013,[14] before being acquired by CVC Capital Partners for €600 million in August 2013.[15]
Paysafe subsidiary (2015 onwards)[edit]
In 2015, Skrill was acquired by Optimal Payments, the parent company of rival digital wallet Neteller, for €1.1 billon.[16] During this period, Skrill Group announced in April 2015 that it had completed acquisition of Ukash, a UK-based competitor of paysafecard, which was merged during the same year.[17] In November 2015, Optimal Payments rebranded as Paysafe.[18]
In 2018, Skrill began to expand the portfolio of services offered to its users, launching an international money transfer service in February 2018,[19] and a crypto service in July 2018 allowing users to buy and trade cryptocurrencies.[20] This was followed by the launch of Skrill’s customer loyalty programme, KNECT, in November 2019[21] and the expansion of the international money transfer service to US customers in June 2020.[22]
Sponsorship and relationships[edit]
In 2011, Skrill first sponsored the PokerStars owned European Poker Tour for its eighth season, sponsoring the event again in 2013 for its tenth season.[23]
In July 2013, English football’s National League signed a one-year sponsorship deal with Skrill[24] with the Conference’s divisions being known as The Skrill Premier, The Skrill North and The Skrill South.
In May 2020, Skrill announced a four-year AC Milan sponsorship deal.[25]
Service[edit]
Skrill is a digital multicurrency wallet provider for handling online payments, making transfers and storing money. It is available to any internet user over the age of 18 with a registered email address.
Supporting over 40 currencies, the service is used to make payments and withdrawals across trading, e-commerce and online gaming platforms.[26] Skrill customers can also use their account to transfer funds from their personal bank account to a bank account overseas, send money using only an email address or phone number, and buy and sell cryptocurrency.
Customers in certain locations can obtain a Skrill Card linked to their account. The card lets customers use their account balance to pay in stores or online where Skrill is not listed as a payment option. The Skrill Card can also be used to withdraw cash at ATMs.
Customers who meet certain spending thresholds are offered Skrill VIP membership[27] which includes lower fees, higher transaction limits and dedicated support, among others. Skrill offers a loyalty programme called Knect,[28] enabling customers to earn loyalty points that can be exchanged for cash vouchers.
WikiLeaks blockage[edit]
In August 2010, Skrill blocked the account operated by WikiLeaks as a donation collection account, citing the organisation's addition to Australian blacklists and American watchlists.[29]
References[edit]
- ^'Proposed acquisition by Optimal Payments of Skrill to create a leading global player in online payment and digital wallets services'(PDF). Retrieved 26 March 2015.
- ^'About Us'. Paysafe. Retrieved 5 June 2019.
- ^'Skrill Holdings Limited: Private Company Information'. Retrieved 26 March 2015.
- ^'E-Wallet Comparison: Skrill serviced countries list'. Retrieved 29 January 2021.
- ^'Sending money with Skrill made easier than ever with new send to phone number feature'. Retrieved 29 January 2021.
- ^'Skrill Money Transfer Review: Is it safe? How does it work? What are the rates?'. Retrieved 29 January 2021.
- ^'Board of Directors'. Paysafe. Retrieved 1 February 2019.
- ^'Skrill taps football legend to publicise its prepaid Mastercard Skrill prepaid'. Cards International. Retrieved 30 April 2020.
- ^'Skrill Account Terms of Use'. Retrieved 29 January 2021.
- ^'Company information for SKRILL LIMITED (04260907) incorporated 27-07-2001'. Retrieved 26 May 2018.
- ^'Investcorp and the Moneybookers Bid'. hbr.org. 2 February 2011. Retrieved 1 March 2021.
- ^'Investcorp Technology Partners Undertakes Buyout of Moneybookers Limited for EUR105 Million' (Press release). 28 March 2007. Retrieved 26 May 2018.
- ^'Moneybookers to rebrand as Skrill - hopes to become a verb'. 6 November 2011. Retrieved 4 February 2021.
- ^Moss, Karen (11 February 2013). 'Skrill acquires paysafecard.com'. retail-systems.com. Retrieved 25 June 2018.
- ^Williams, Christopher (19 August 2013). 'CVC buys PayPal rival Skrill for £500m'. The Telegraph. Retrieved 26 May 2018.
- ^'Neteller Acquires Skrill'. 25 March 2015. Retrieved 26 May 2018.
- ^'Skrill Group completes Ukash acquisition' (Press release). Finextra. 1 April 2015. Retrieved 26 May 2018.
- ^'Optimal Payments Becomes Paysafe in Game-Changing Global Rebrand'. 11 November 2015. Retrieved 1 March 2021.
- ^'Paysafe – Money transfers made easy with Skrill Send Direct'. 2 May 2018. Retrieved 1 March 2021.
- ^'Skrill opens crypto wallet'. 25 July 2018. Retrieved 1 March 2021.
- ^'Skrill launches customer reward programme: Skrill Knect'. 22 November 2019. Retrieved 1 March 2021.
- ^'Paysafe launches Skrill money transfer in US'. 8 June 2020. Retrieved 1 March 2021.
- ^'Skrill returns as Official Payment Provider Sponsor of European Poker Tour for Season 10'. 3 July 2013. Retrieved 1 March 2021.
- ^'Skrill is the new title sponsor for the Football Conference Leagues'. 26 July 2013. Retrieved 1 March 2021.
- ^'AC MILAN ANNOUNCES SKRILL AS ITS OFFICIAL GLOBAL PAYMENTS PARTNER'. 12 May 2020. Retrieved 1 March 2021.
- ^'Pay online'. Skrill. Retrieved 1 December 2020.
- ^'VIP Rewards Programme'. Skrill. Retrieved 1 December 2020.
- ^'Knect® - The Skrill Loyalty Program'. Skrill. Retrieved 1 December 2020.
- ^Leigh, David; Evans, Rob (14 October 2010). 'WikiLeaks says funding has been blocked after government blacklisting'. The Guardian. Retrieved 26 March 2015.
External links[edit]
- Media related to Skrill at Wikimedia Commons
- Official website
In this blog, we are going to learn how to send money through Skrill, the Skrill Money Transfer fees and exchange rates, and if they are reliable.
Skrill was first launched in 2001 as an e-commerce payment gateway for gambling and forex brokers under the brand name Moneybookers. The company was rebranded to Skrill in 2011 and has further expanded its online service that allows users to send money around the world through Skrill Money Transfer.
Skrill was bought by the Paysafe Group in 2015, a multinational company that provides online payment services. The group is also a parent company of Skrill wallet rival, Neteller (digital wallet). Paysafe Group offers services under the brand name Paysafe and its subsidiary brands.
Skrill Money Transfer
Skrill Money Transfer is easy to use and also quick and secure in sending money abroad. The service is for free when it is sent to a third-party mobile wallet or bank account in different multiple currencies.
Skrill money transfer provides users to fund the payment through various mediums of exchange such as credit card, debit card, SOFORT, and bank transfer. It supports multiple deposit methods such as:
- Local payment methods include Bank transfer, Fast Bank Transfer, Paysafecash, Rapid Transfer, and Trustly
- Global payment methods include credit card payments of AMEX, Diners, JCB, MasterCard, and Visa
The service is available for both existing 40 million users and non-existing customers all around the world. Needless to say that the availability of the different modes of payment depends on the location and the currency that is being used.
Your recipient can receive the money in multiple ways. Although Skrill is an online focus money transfer service provider, they have partnered with leading mobile money wallet providers so recipients can get money in local currency and withdraw money at nearby money agents.
How to send money using Skrill Money Transfer?
- Log in and select ‘Send Money'
- Select the country and currency
- Enter the amount
- Select a payment method
- Enter your personal and the recipient’s details
- Pay for your transfer
- Confirm and send
Payment information includes email address, password, and personal information (first and last name, date of birth, and contact details)
Details of the recipient include the recipient's full name, address, bank code or BIC (Business Identifier Code), IBAN (International Bank Account Number), and bank account number and country. If your recipient does not have a bank account, you can send money to their email address.
Related Article: Moving To India? Besides moving your money, here's what else you need to do.
To send money to an email address, bank account, or Mobile, select your preferred money transfer option after logging in.
Skrill Exchange Rates
Skrill offers interbank exchange rates, which is the rate you see on Google or XE.com with no hidden markup. Skrill often offers the best exchange rate compared to its competitors.
Although the difference may not seem much, it is important to remember that most money transfer service providers charge a transfer fee to make up for the loss on the exchange rate margin, unlike Skrill.
Skrill Transfer Fees
International Transfer: Zero fees when you use Skrill Money Transfer to send money to an international bank account
Domestic Transfer: Up to 2% Domestic fee per transaction when you transfer money domestically. This fee will be charged when the transfer begins and ends in the same country.
Fees to receive money via Skrill
FREE! Skrill Money Transfer does not charge recipients any fee to receive. There is an exception for a foreign transaction fee by the card issuer.
The zero fees are also applicable to all transfers even when you pay using a debit card or credit card instead of from your bank account. However, your payment method may impact the speed of delivery and can take up to 3-5 business days. Usually, the speed of delivery is quick, and your recipient gets the money on the same business day.
In the case of Skrill crypto service, if your Skrill Account is denominated in a currency other than Euro, there will be a foreign exchange currency conversion fee of 1.5% to convert your currency for your Cryptocurrency Transactions.
Fees for Domestic Transfer
In the case of Skrill crypto service, if your Skrill Account is denominated in a currency other than Euro, there will be a foreign exchange currency conversion fee of 1.5% to convert your currency for your Cryptocurrency Transactions.
Fees for Domestic Transfer
There will be a fee per transaction which is up to 2%. This fee will be charged when the transfer is within the same country.
Skrill Money App
Skrill app allows you to access all of the same account functions as you will find on their main Skrill website. Their Mobile app has garnered positive reviews rated 4+ on both iOS and Android.
You get speed, convenience, and simplicity. Choose a recipient, tap, and send in a few seconds. The app makes it easy for you to send money, withdraw money, check your Skrill Account balance, and view the list of your recent transactions anywhere at any time.
Customer Support
Skrill’s Customer service and customer experience are highly rated. It enjoys a score of 4.5 out of 5 on Trustpilot. Verified users have rated it excellent for its exchange rates and fees.
You can contact Skrill customer support by telephone at +1 855 719 2087 or by their email address help@skrill.com. For a straightforward query, you can refer to their FAQ section.
Skrill Cryptocurrency Trading
Skrill Moneybookers Fees Login
Skrill is popular among the crypto enthusiasts. Opening an account in Skrill also gives the opportunity of buying and selling cryptocurrencies. Digital currencies such as Bitcoin, Bitcoin Cash, EOS, Ether, Ethereum Classic, Litecoin, XLM, XRP, and 0x can be converted instantly from 40 fiat currencies. Registered users can build and grow their portfolio through scheduled cryptocurrency purchases.
Skrill’s cryptocurrency trading is a great way to discover investments. The most convenient part of this service is its auto trading function. This function allows the user to specify the price of the cryptocurrency they want to buy. When the price of the selected cryptocurrency reaches the value they set, Skrill will automatically buy or sell it for them.
Skrill Moneybookers Fees Online
Is Skrill safe?
Skrill is FCA authorized and regulated so there is doubt on its reliability and security. You can tell which money companies are safe to use if they are authorized and regulated by the FCA (Financial Conduct Authority).
In conclusion, Skrill is an easy, reliable, and secure service for sending and receiving money online. Their service has wide coverage in different locations that make it convenient for its users to send a money transfer from any location. The most attractive offering of Skrill is the high exchange rate and zero fees. For more on the terms and conditions and coupons check out what is on offer today on CompareRemit.