Understanding Moneybookers and Its Role in Online Payments

Moneybookers was founded in 2001 by Eric Zhang and Myles Stephenson, and was later rebranded as Skrill in 2011.

It's a digital wallet service that allows users to send and receive payments online, and has become a popular choice for online transactions.

Moneybookers was initially focused on serving the online gaming industry, but has since expanded its services to include online shopping and other digital payments.

The service allows users to make payments in over 40 currencies, and has a large user base across the globe.

Suggestion: Moneybookers Payment Gateway

Moneybookers, now known as Skrill, was founded in 2001 in the United Kingdom as a digital wallet provider.

Skrill quickly gained popularity and by 2007, it had become one of the top three e-payment solution providers in Europe.

In 2007, Investcorp purchased Skrill, giving the company a major boost in growth and development.

Moneybookers, as Skrill was still known at the time, blocked an account operated by WikiLeaks in August 2010, citing the organisation's addition to Australian blacklists and American watchlists.

Broaden your view: Moneybookers Fees

The company rebranded its service as Skrill in 2013, completing the changeover from Moneybookers.

Skrill acquired Austrian-based prepaid payment method paysafecard in February 2013, expanding its services and offerings.

In August 2013, CVC Capital Partners acquired Skrill for €600 million, further solidifying the company's position in the e-payment market.

A large security breach occurred in 2009, exposing the data of almost 4.5 million customers, including names, e-mail addresses, home addresses, and IP addresses.

Skrill has around 25 million clients, including 120,000 merchant accounts, making it a popular choice for online payments.

To start using Skrill, you need to create an account. This can be done quickly and easily.

Skrill allows merchants to accept online payments made with credit cards like Visa or Mastercard, or through Skrill accounts.

You can add Skrill as a payment method to receive payments from clients. This can be done in a few minutes.

Skrill is often considered a cost-effective alternative to PayPal, with similar transaction fees.

Worth a look: Skrill Limited Moneybooker

However, Skrill has its advantages, such as being available in more countries and currencies, and allowing local payments in countries like Germany (Giropay), Poland, or the Netherlands (iDeal).

You can check all the information about transaction fees and payment options on the Skrill website.

To set up Skrill, follow these steps:

You'll be ready to start receiving payments using Skrill in no time.

Creating a Skrill account is a straightforward process that can be completed in a matter of minutes.

To get started, you'll need to create a Skrill account on their website, which has around 25 million clients, including 120,000 merchant accounts.

Skrill is available in many countries and allows users to make payments using various methods, including Visa, Mastercard, and local payment options like Giropay in Germany and iDeal in the Netherlands.

Skrill is often considered a more affordable alternative to PayPal, with similar transaction fees but more flexibility and availability in different countries.

You can find detailed information about Skrill's fees and payment options on their website.

Here are the basic steps to create a Skrill account:

With a Skrill account, you'll be able to start receiving payments quickly and easily.

Skrill is a popular online payment service that allows you to make and receive payments online. It's a great alternative to PayPal, with lower fees and more availability in countries and currencies.

To set up Skrill, you'll need to provide some required details, including your ClientId, PayoutPassword, SecretWord, and UserName, all of which can be found in your Skrill merchant account.

Skrill also offers customer verification, which checks that your information matches what's on file with Skrill. This includes your first name, last name, date of birth, country, and post code.

To verify your customer information, Nuvei makes a call to Skrill using your email address and the APM_ClientId and APM_Secret_Word from your Skrill account. Skrill then responds with either "MATCH" or "NO MATCH", along with your verification level.

Skrill is widely accepted by online merchants, including major brands like Facebook, Skype, and eBay. It's also a popular choice for online gamblers, with low fees and fast withdrawals.

Here are some of the benefits of using Skrill:

Overall, Skrill is a reliable and convenient online payment service that's worth considering for your online transactions.