Skrill Online Payment Processor

Skrill (formerly Moneybookers) is an e-commerce business that allows payments and money transfers to be made through the Internet, with a focus on low-cost international money transfers. It is owned and operated by Skrill Limited, a UK-based company registered as a Money Service Business with Her Majesty's Revenue and Customs, regulated by the Financial Conduct Authority and licensed to operate within the European Union.

The moneybookers.com domain was first registered on 17 June 2001. On 27 July 2001, a company named Moneybookers Limited was incorporated in the United Kingdom.. The moneybookers.com website along with the online payment system was launched on 1 April 2002.

In March 2007, Moneybookers was bought by Invest corp Technology Partners for €105 million and as of 9 March 2009, it was put up for sale by its owners for an estimated £365 million. In 2008, Moneybookers claimed to operate in 200 countries of the world and handle over 6 million accounts. In February 2010, The Sunday Times ranked Moneybookers as the fastest growing private equity backed firm in the United Kingdom based on profits. In 2011, the company's customer base reached 25 million, including 120,000 merchant accounts, In August 2013, CVC Capital Partners acquired Skrill for €600 million. In March 2015, Optimal Payments, the parent company of the Skrill's rival Neteller, announced its official proposal for acquisition of Skrill Group for €1.1 billion. The deal is to be finalized in the third quarter of 2015 according to the parties. In September 2011, Moneybookers announced that they would re-brand their service as Skrill. The re-branding of the product was completed in 2013.

The privately owned Better Business Bureau currently has Skrill USA with a "D-" rating as of April 2016, The result of 66 complaints closed with BBB in last 3 years. However, abrupt account freezes and withheld funds are an area of concern for customers where Skrill accounts are linked to credit card companies and banks as Skrill has entered into contracts favorable to these financial institutions when disputes arise. Many customer reviews are favorable, for example in a 2011 survey by the online seller news blog eCommerce Bytes, Skrill received the second highest ranking out of all payment services. Customers can purchase a Skrill-branded prepaid card, linked to the account, in one of the four currencies: USD, EUR, PLN, and GBP. High-turnover customers are offered premium membership called "Skrill VIP" that includes additional features, such as a security token, multi-currency accounts and the ability to earn loyalty points.For businesses, Skrill offers a payment gateway, escrow payments as well as web SMS and fax sending services. Unlike some of its competitors, Skrill does not usually get involved in merchandise disputes, and the availability of credit card charge backs may be limited.