Moneybookers provided a reliable solution for customers and merchants seeking safe online
transactions without sharing banking details. In 2010, the company rebranded to Skrill,
marking the beginning of its expansion into global markets. Over the next decade, Skrill grew
rapidly, becoming one of the largest e-wallet services in Europe and gradually extending its
presence into the United States. Skrill later became part of the Paysafe Group, a
multinational payments conglomerate also behind Neteller and Paysafecard. This merger
expanded Skrill’s capabilities, giving it access to a global network of merchants and banking
partners. Today, Skrill operates in over 120 countries, supporting more than 40 currencies
and millions of transactions each day. Its introduction into the U.S. market was a natural step
as more Americans turned to digital finance for freelance work, online commerce, and
cross-border transfers.
Understanding Skrill Accounts
A Skrill account functions as a digital wallet that allows users to send, receive, and store
funds electronically. U.S. users can create an account using an email address and personal
information, linking it to their bank account or debit card to fund or withdraw money. Skrill’s
U.S. operations are regulated under American financial laws, ensuring compliance with
federal anti-money laundering standards and consumer protection requirements. Once
verified, a user gains access to an entire ecosystem of services—from domestic transfers to
international remittances and even cryptocurrency trading. Skrill provides two main account
types: Personal Accounts for individuals and Business Accounts for merchants and
companies. The personal account focuses on sending and receiving money, while the
business version is built for e-commerce integration, online invoicing, and receiving
payments from global customers.
How Skrill Works
At its core, Skrill simplifies online financial activity. A user can deposit funds into their Skrill
wallet through various methods, including linked bank accounts, debit or credit cards, or
other payment processors. Once funded, the balance can be used for shopping online,
transferring money to other Skrill users, or withdrawing to a connected bank account. For
U.S. users, Skrill also supports bank wire transfers and instant card withdrawals, making it
versatile for both personal and professional needs. In addition, the Skrill mobile app provides
an intuitive interface for managing transactions, viewing history, and performing transfers
with just a few taps. One of Skrill’s defining features is its global compatibility. Users can
send money to other countries quickly and at competitive exchange rates, which has made it
especially popular among freelancers, expatriates, and online traders.
Skrill and Cryptocurrency
In recent years, Skrill has embraced digital currencies as part of its global payment
ecosystem. Through its cryptocurrency service, U.S. users can buy, hold, and sell popular
coins such as Bitcoin, Ethereum, and Litecoin directly from their Skrill accounts. This feature
provides an entry point into the world of digital assets without requiring users to register on
separate crypto exchanges. Skrill handles conversions and storage securely, giving
customers exposure to digital markets while maintaining simplicity. This integration of
traditional and digital finance reflects Skrill’s mission to become a one-stop solution for
modern money management.