Skrill formerly known as Moneybookers is one of the leading international internet payment systems that issues electronic money, and is authorized under EU and UK laws. They are regulated by a United Kingdom company called the FSA or Financial Services Authority.

Skrill delivers a financial product that is very well suited for online sellers, small businesses, individuals as well as others who are unhappy with their current traditional payment systems. They are more popular than PayPal in some countries as they accept clients from all over the globe.

Canadian players, one of the biggest markets for Skrill, will no longer be able to purchase or cashout via this method as of 31 January 2014. Due to new gaming regulations in Canada, the popular payment provider had to stop servicing Canadian account holders.

Skrill topics in the forum

How does Skrill Work?

Skrill allows businesses and consumers with valid email addresses to safely and (rather) cheaply send and receive cash online. You can use Skrill to send cash from bank account or credit/debit card, and this is securely done via email. Use them to make purchases online and to collect payments via email.

Skrill has a very wide network of global international and national payment options. They have one interface for payments, marketing and banking, and they allow you to make direct payments without having to register directly.

I have been using this company for the last three months and have no complaints whatsoever. I have found their staff members to be very helpful and honest, their costs to be quite competitive, I will continue to do business and we do quite a lot of business with them.

I spoke to a Skrill consultant a couple of months ago, and she was very helpful about assisting me in choosing the right account for my country and currency. I am able to recommend Skrill but would advise you to first speak to a consultant before applying online. Some of the currency conversion procedures and fees might be more complicated than you think and you cannot really change your preferred currency once you have applied. It took a while to be able to verify my bank account but I found it less hassle free than others that I’ve tried. When my address was verified, the transactions went smoothly.

Pros and Cons

When I think of reasons not to use Skrill , I can only think of two. Firstly, I’ve heard of one or two people who’s had a bad experience with them but they are in the minority. Secondly, keep in mind that their service might not work in your country, so check with them before you open an account.

To summarize I will point out reasons you should use Skrill. You should use Skrill because it is one of the top alternative internet payment methods. They will not expose your personal credit card and banking info to others, which means that transactions are much safer. Secondly, Skrill is widely spread method that caters for many countries and various currencies. Thirdly, there are many merchants and online stores that accepts this payment method. You can visit Skrill website to read more information on the list of stores that accept them as a payment method. If you are happy to move forward and start using this method then you can open a Skrill account here.

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  • 3.0
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    average
    Skrill used to be my number one e-wallet. But no more. Increased fees, forcing the currency of their choosing upon your account ( both merchant and personal ) , combined with pulling out the master card is speaking volumes of the changed biz climate over there. Not good guys.

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