Skrill (formerly Moneybookers) is a digital wallet provider established in 2001 which offers a range of online payment and money transfer services.[3]

Skrill Limited
IndustryOnline payments
Founded27 July 2001; 19 years ago (2001-07-27)
Headquarters25 Canada Square, London, United Kingdom
Area served
Key people
Lorenzo Pellegrino (CEO)
ProductsPayment gateway
Digital wallet
Prepaid card
RevenueIncrease $331 million (2014)[1]
Number of employees
500+ (2018)[2]
ParentPaysafe Group

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.


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 relationshipsEdit

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]


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 blockageEdit

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]


  1. ^ "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.
  2. ^ "About Us". Paysafe. Retrieved 5 June 2019.
  3. ^ "Skrill Holdings Limited: Private Company Information". Retrieved 26 March 2015.
  4. ^ "E-Wallet Comparison: Skrill serviced countries list". Retrieved 29 January 2021.
  5. ^ "Sending money with Skrill made easier than ever with new send to phone number feature". Retrieved 29 January 2021.
  6. ^ "Skrill Money Transfer Review: Is it safe? How does it work? What are the rates?". Retrieved 29 January 2021.
  7. ^ "Board of Directors". Paysafe. Retrieved 1 February 2019.
  8. ^ "Skrill taps football legend to publicise its prepaid Mastercard Skrill prepaid". Cards International. Retrieved 30 April 2020.
  9. ^ "Skrill Account Terms of Use". Retrieved 29 January 2021.
  10. ^ "Company information for SKRILL LIMITED (04260907) incorporated 27-07-2001". Retrieved 26 May 2018.
  11. ^ "Investcorp and the Moneybookers Bid". 2 February 2011. Retrieved 1 March 2021.
  12. ^ "Investcorp Technology Partners Undertakes Buyout of Moneybookers Limited for EUR105 Million" (Press release). 28 March 2007. Retrieved 26 May 2018.
  13. ^ "Moneybookers to rebrand as Skrill - hopes to become a verb". 6 November 2011. Retrieved 4 February 2021.
  14. ^ Moss, Karen (11 February 2013). "Skrill acquires". Retrieved 25 June 2018.
  15. ^ Williams, Christopher (19 August 2013). "CVC buys PayPal rival Skrill for £500m". The Telegraph. Retrieved 26 May 2018.
  16. ^ "Neteller Acquires Skrill". 25 March 2015. Retrieved 26 May 2018.
  17. ^ "Skrill Group completes Ukash acquisition" (Press release). Finextra. 1 April 2015. Retrieved 26 May 2018.
  18. ^ "Optimal Payments Becomes Paysafe in Game-Changing Global Rebrand". 11 November 2015. Retrieved 1 March 2021.
  19. ^ "Paysafe – Money transfers made easy with Skrill Send Direct". 2 May 2018. Retrieved 1 March 2021.
  20. ^ "Skrill opens crypto wallet". 25 July 2018. Retrieved 1 March 2021.
  21. ^ "Skrill launches customer reward programme: Skrill Knect". 22 November 2019. Retrieved 1 March 2021.
  22. ^ "Paysafe launches Skrill money transfer in US". 8 June 2020. Retrieved 1 March 2021.
  23. ^ "Skrill returns as Official Payment Provider Sponsor of European Poker Tour for Season 10". 3 July 2013. Retrieved 1 March 2021.
  24. ^ "Skrill is the new title sponsor for the Football Conference Leagues". 26 July 2013. Retrieved 1 March 2021.
  26. ^ "Pay online". Skrill. Retrieved 1 December 2020.
  27. ^ "VIP Rewards Programme". Skrill. Retrieved 1 December 2020.
  28. ^ "Knect® - The Skrill Loyalty Program". Skrill. Retrieved 1 December 2020.
  29. ^ Leigh, David; Evans, Rob (14 October 2010). "WikiLeaks says funding has been blocked after government blacklisting". The Guardian. Retrieved 26 March 2015.

External linksEdit