Skrill is a global e-commerce  business, that can be used to do payments, shop online, transfer money, deposit to gambling merchants and withdraw from gambling merchants. Skrill is the most popular e-wallet for Europeans, having over 25,000,000 customers and supporting 41 currencies.

Customers can upload money to their Skrill account by receiving transfers from other Skrill users, Bank Wire and Credit Card deposit. Skrill has more than 12,000 merchants accepting payments from the popular e-wallet. They also offer customers their own Debit Mastercard, which can be used in ATM’s and shops all over the world.

History of Skrill

Skrill was opened in July 2001, at that time known as Moneybookers. Owned now by CVC Capital Partners, Skrill has been sold two times in total since its opening. Moneybookers Limited was the founder of Skrill, selling it to Investcorp Technology Partners for €105 million in 2007. In August 2013, Investcorp Technology Partners sold Skrill to CVC Capital Partners for €600 million.

 In 2002 Skrill launched their online payment system, allowing customers to use Skrill as payment method online. Within the first two years of operating, Skrill got almost 2 million registrations, making it an instant success.

Until 2008, Skrill accepted American customers, allowing them to use Skrill to transfer money, shop online, deposit and withdraw to/from gambling merchants and do online payments.

Skrill quickly became a hit for online gambling players, with its instant deposits and fast cash out times. Skrill was easy to manage; funds updated in real time and had easy deposit and withdrawal options. With Skrill players didn’t have to find their credit card every time they wanted to deposit, but simply chose Skrill as payment option, logged into their account and accepted the payment. This new and fast way to handle money on gambling sites was what the industry needed to grow.

In August 2010, Skrill became unpopular with free speech activists, as Skrill decided to block the WikiLeaks donation account. WikiLeaks had at that time not been charged with any crime and the account was closed only by out-of-court pressure from the American government.

In 2011, Moneybookers was rebranded to Skrill. Skrill wanted to make the company look serious and brand themselves in a new way. The name was changed, the terms and conditions were changed and the website was changed in order to rebrand the company.

Skrill is more popular than ever, due to its many promotions for customers using their service, their security and great support. Customers can receive cashback from the spending and deposits done online and earn VIP points to be spent in the Skrill store. VIP customers are assigned to their own personal support, have the option of multiple currencies and can get a RSA security token to avoid their accounts being hacked.

Skrill and Online Gambling

Skrill is one of the most accepted online payment methods, because of its popularity among gamblers. Because of its popularity many US friendly casinos still accept the payment method, even though it is not available for Americans to use. Online casino providers such as Microgaming, NetEnt, Amaya and Cryptologic all accept player deposit and withdrawals through Skrill, providing players with instant money to play with and fast cash outs.

Skrill is perfect for players that wish to keep their banking account separate from their online gambling. All you have to do is upload money to the Skrill account and use that for all gambling purposes. When you want to withdraw money, simply withdraw it to your Skrill account and from there Withdraw to the bank. Doing it this way will make it easier to manage your money as well as keep online gambling transactions away from your bank account.

Skrill is one of the safest, fastest and most reliable payment methods to be used for online gambling.

US Friendly Casinos and Skrill

Even though Skrill is no longer available to American players, some American friendly casino sites still accept the payment method to cater to their European market.

Should Skrill reopen to American players, with the recent legislations going on in America, Skrill would quickly become one of the most popular ways to manage gambling funds as well as be used for deposits and withdrawals.