about skrill

Skrill is an online payment provider that has been moving money digitally since as early as 2001. It claims to be ‘one of the world’s leading digital payment companies’ and it’s true that it has over 36 million customers across 200 different countries but I think it has a long way to go before it can really be considered a market leader. So, what exactly is Skrill?

Skrill, formerly known as Moneybookers, is an e-wallet. This is somewhere that you create an account and can hold money in an online wallet. You can then use that money to buy services on a number of online shops and to make deposits and withdrawals in a number of forex broker.

WHY USE SKRILL?
Why would you use Skrill as opposed to, say, your Visa or Mastercard? Well, it’s easier for one thing. You can attach your card, or bank account, to Skrill in order to top it up, but then all you need to make a deposit into forex is your Skrill username and password. It saves getting up, getting your card and entering the long card number and additional details each time.

Secondly, it’s safer. Your card details are only stored with Skrill and not with every forex that you use. The less places your card details are stored, however safely, the less chance there is of anything going wrong.

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