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| Private | |
| Industry | Online payments |
|---|---|
| Founded | 27 July 2001 |
| Headquarters | 25 Canada Square, London, United Kingdom |
Area served | Worldwide |
| Lorenzo Pellegrino (CEO) | |
| Products | Payment gateway Digital wallet Prepaid card PSP |
| Revenue | $331 million (2014)[1] |
Number of employees | 500+ (2018)[2] |
| Parent | Paysafe Group |
| Website | skrill.com |
Skrill (formerly Moneybookers) 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.[3]
It is owned and operated by Skrill Limited, a UK-based company registered as a Money Service Business with Her Majesty's Revenue and Customs, regulated by the Financial Conduct Authority and licensed to operate within the European Economic Area.[4][5]
Since 2015, Skrill belongs to the Paysafe Group,[6] along with former competitor Neteller and prepaid payment method paysafecard.
History[edit]
On 27 July 2001, Moneybookers Limited was incorporated in the United Kingdom.[7] In March 2007, Moneybookers was bought by Investcorp for €105 million[8] and, as of 9 March 2009, it was put up for sale by its owners for an estimated £365 million.[9]
In February 2010, The Sunday Times ranked Moneybookers as the fastest growing private equity backed firm in the United Kingdom based on profits.[10] In 2011, the company's customer base reached 25 million, including 120,000 merchant accounts,[11] its payment gateway being integrated by a number of global online brands, such as Facebook, Skype and eBay.[12][13]
In September 2011, Moneybookers announced that they would rebrand their service as Skrill.[14] The rebranding of the product was completed in 2013.[15]
In February 2013, Skrill completed the acquisition of Austrian-based prepaid payment method paysafecard.[16]
In August 2013, CVC Capital Partners acquired Skrill for €600 million.[17] As of 2014, Skrill has been approved by the New Jersey Division of Gaming Enforcement (NJDGE) as the only sanctioned digital wallet for New Jersey internet gambling.[18]
In March 2015, Optimal Payments, the parent company of the Skrill's rival Neteller, announced its official proposal for acquisition of Skrill Group for €1.1 billion. The deal was finalized in the third quarter of 2015 according to the parties.[19] In April 2015, Skrill Group announced that it had completed acquisition of Ukash, a UK-based competitor of paysafecard, which was merged during the same year.[20] In June 2018, Skrill introduced crypto service that allows customers to buy cryptocurrencies using their balance in local fiat currency and to hold an interest in a range of cryptocurrencies via their wallet.[citation needed]
Service[edit]
Skrill accounts can be created in one of 40 supported currencies and you can add more currencies to your account later on.[21] Customers can purchase a Skrill-branded prepaid card, linked to the account, in one of the four currencies: USD, EUR, PLN, and GBP.[22] High-turnover customers are offered premium membership called 'Skrill VIP' that includes additional features, such as a security token, multi-currency accounts and the ability to earn loyalty points.[23]
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.[24]
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.
- ^'Skrill - TotallyGaming.com'. Archived from the original on 2 April 2015. Retrieved 26 March 2015.
- ^'All you need to know about virtual prepaid cards'. Blog with TYPO3. Retrieved 2019-06-27.
- ^'Board of Directors'. Paysafe. Retrieved 2019-02-01.
- ^'Company information for SKRILL LIMITED (04260907) incorporated 27-07-2001'. Retrieved 26 May 2018.
- ^'Investcorp Technology Partners Undertakes Buyout of Moneybookers Limited for EUR105 Million' (Press release). 28 March 2007. Retrieved 26 May 2018.
- ^'Investcorp to sell Moneybookers'. Telegraph.co.uk. 9 March 2009. Retrieved 26 May 2018.
- ^'Buyout Track 100'(PDF). The Sunday Times. 7 February 2010. Retrieved 26 May 2018.
- ^'Skrill's customer base has reached 25 mln in 2011'. 19 March 2012. Retrieved 26 May 2018.
- ^Stafford, Philip (8 March 2009). 'Moneybookers up for sale'. Financial Times. Retrieved 26 May 2018.
- ^'eBay, Moneybookers & Paymate – Amazon launch FPS'. Tamebay. 6 February 2009. Retrieved 26 May 2018.
- ^'Skrill - The New Face of Moneybookers'. Branding. 29 September 2011. Retrieved 26 May 2018.
- ^'Our company - Skrill'. Retrieved 26 May 2018.
- ^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.
- ^Hannah Elisabeth (18 December 2014). 'US Online Poker, New Jersey, and Skrill USA : What's in Store for 2015?'. CardsChat. 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.
- ^'Online Casinos that Accept Skrill / Moneybookers'. Retrieved 26 March 2015.
- ^'Skrill MasterCard'. Retrieved 26 March 2015.
- ^'Skrill VIP'. Retrieved 26 March 2015.
- ^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]
How Safe Is Skrill Moneybookers
- Official website