Skrill

What is Skrill and what do they do?

Skrill is a global digital wallet and online payment platform that enables individuals and businesses to send, receive, and manage money securely. Founded in 2001 (originally as Moneybookers) and headquartered in London, Skrill is part of the Paysafe Group, a leading multinational payments company.

Operating in over 200 countries and supporting 40+ currencies, Skrill provides tools for online payments, money transfers, and digital asset management. Its core offerings include:

• Digital wallet services – Store, send, and receive funds across borders, or pay online using a Skrill balance.
• Money transfers – Send international payments directly to bank accounts or mobile wallets, often with low or no fees.
• Merchant services – Enable businesses to accept card payments, digital wallets, and local payment methods online.
• Prepaid Mastercard – Withdraw funds from ATMs or spend directly from a Skrill balance.
• Cryptocurrency trading – Buy, hold, and sell popular cryptocurrencies from within the Skrill interface.

This combination of payment flexibility and financial tools positions Skrill as a versatile solution for both consumers and businesses operating in global digital commerce.

Who is it for?

Skrill serves a broad user base, including individual consumers, freelancers, online retailers, gaming platforms, and digital merchants. It is particularly popular among:

• Freelancers and remote professionals who need to receive cross-border payments quickly.
• Digital businesses such as e-commerce stores, SaaS providers, and online marketplaces.
• Gaming and trading companies requiring fast, secure transaction processing.
• High-risk industries like gambling and crypto platforms that benefit from Skrill’s flexible compliance framework.
• Travellers and digital nomads managing multiple currencies through a single account.

Its multi-currency functionality, low fees, and ease of integration make Skrill a convenient option for both personal and commercial financial operations worldwide.

Why do businesses choose Skrill?

Businesses choose Skrill for its global reach, regulatory reliability, and robust feature set. Key advantages include:

• Global coverage – Operates in 200+ countries, enabling businesses to reach customers almost anywhere.
• Multi-currency and crypto support – Accept and hold funds in over 40 currencies, or trade cryptocurrencies directly within the platform.
• High-risk industry acceptance – Serves sectors such as gaming, forex, and digital trading that are often excluded by traditional acquirers.
• Protection from chargebacks – Helps merchants reduce exposure to fraudulent disputes.
• Flexible integration – APIs and plug-ins support leading e-commerce platforms and CMSs.
• Fast settlements – Instant or same-day transfers improve cash flow and liquidity.
• Competitive fees – Lower costs compared to many banks and alternative processors.

Businesses using Corefy can simply obtain a MID from Skrill and connect it to Corefy’s dashboard in a few clicks, without dealing with any integration work.

Is Skrill trustworthy?

Skrill is regulated by the UK Financial Conduct Authority (FCA) as an Electronic Money Institution, ensuring compliance with stringent financial and data protection standards. It also operates under the oversight of global regulators through its parent company, Paysafe Group, which is known for maintaining strong compliance and operational frameworks.

The platform is PCI DSS compliant, ensuring cardholder data is securely processed and stored. Additional safeguards include two-factor authentication (2FA), encryption, and AI-driven fraud prevention systems that protect users against unauthorised transactions.

With more than 40 million users globally and a 20-year history in the digital payments industry, Skrill is widely recognised as a secure, reputable, and reliable provider for individuals and businesses seeking flexible online payment and money transfer solutions.