you send and receive funds—it offers a window into a borderless financial world where
convenience and control coexist.
The Origins of Skrill: A Digital Payment Pioneer
Skrill’s story begins in 2001, when it was originally founded under the name Moneybookers. At
a time when online payments were still in their infancy, Moneybookers offered a way for people
to transfer money over the internet without relying on traditional bank transfers or physical
checks. As e-commerce and online gaming exploded in the early 2000s, so did the need for
fast, secure, and flexible digital payments. In 2011, Moneybookers rebranded as Skrill, a move
that reflected a modern, streamlined identity aligned with the growing fintech world.
Over the years, Skrill evolved from being just another payment processor to becoming a
comprehensive digital wallet used by millions across the globe. Today, Skrill operates in more
than 120 countries, supports over 40 currencies, and integrates seamlessly with countless
online platforms—from marketplaces and freelance websites to cryptocurrency exchanges and
iGaming platforms.
What Exactly Is a Skrill Account?
At its core, a Skrill account is an online wallet—a secure digital space where you can store,
send, and receive money. Think of it as your virtual bank account, but with far fewer boundaries
and often greater flexibility. Once you create a Skrill account, you can fund it through multiple
methods, such as credit or debit cards, bank transfers, or even other e-wallets. From there, your
account can be used to pay for goods and services online, send money to friends and family, or
withdraw funds directly to your bank or card.
Unlike traditional banks, Skrill doesn’t require you to maintain a minimum balance or visit
physical branches. Everything happens digitally, from account verification to transactions,
making it ideal for users who value speed and convenience. Moreover, Skrill’s infrastructure
supports instant transfers between accounts, meaning that sending money from one Skrill user
to another can happen in a matter of seconds.
How Skrill Works Behind the Scenes
When you send or receive money through Skrill, the platform acts as an intermediary that
ensures both the sender and receiver experience a secure transaction. Once your account is
verified—a simple process that typically involves uploading proof of identity and address—you
gain access to a wide array of financial tools.
Funding your Skrill account is straightforward. You can load money using a bank transfer, Visa
or Mastercard, or even local payment methods depending on your country of residence. Once
funded, you can hold multiple currencies in your wallet, convert between them at competitive
exchange rates, and manage your balance in real time through the Skrill app or website.
Security is a cornerstone of Skrill’s design. The company employs advanced encryption, two-
factor authentication (2FA), and strict compliance with international anti-money laundering
regulations. This layered approach ensures that your funds and personal data are protected at
every step of the transaction.