Skrill

Skrill ( formerly Moneybookers ) is an electronic money institution having its headquarters in the UK for Internet payments, for example, in Internet auctions. Moneybookers enables similar to PayPal to pay online.

Company structure

The parent company of Skrill is the Gatcombe Park Ventures Limited. Skrill is monitored by the British FSA regulatory authority or regulated.

77 % of customers Skrill come from Europe, in Germany take advantage of more than 500,000 people to the service. Thus Skrill is one of the most widely used e -payment service provider on the Internet.

Skrill has a transaction volume of over 15 billion euros per year. The company offering domestic payment options in over 200 countries and territories and more than 100 payment options. Skrill has over 35 million user accounts worldwide, offering the service in 40 different currencies. In April 2013 used more than 135,000 distributors the services of the company.

History

The company was founded in 2001 in London under the name Moneybookers and launched in April 2002 its service. In February 2003, Moneybookers received the e- banking license and is authorized since then to issue electronic money. In May 2005, Dr. Nikolai Riesenkampff became the new CEO of Moneybookers. In March 2006, the company had 1.6 million customers.

In March 2007, took Investcorp Technology Partners, the buyout of Moneybookers Ltd.. for 105 million euros.

In the summer of 2007, the board of Moneybookers with Martin Ott was extended as managing director. Ott has been responsible for the business areas of e-commerce, marketing, product development and service. With the appointment of Ralf Wenzel Chief Operating Officer ( COO) in December 2007 Moneybookers expanded its sales department and continues to focus more on e-commerce.

Since June 2012, Siegfried Heimgärtner CEO of Skrill, together with the previous co - CEO Nikolai Riesenkampff as Executive Director.

In July 2012, the takeover of Austrian Paysafecard Group was announced, which was completed in February 2013.

Moneybookers closed in May 2013 a rebranding process towards the brand Skrill from.

Operation

It was originally a prepaid system, which means that the customer had to pay money to make payments. Also, online payments without first charging the own Skrill account are possible.

The recipient of such a payment must itself first of all do not have an account with Skrill. A non- registered recipient receives a message from Skrill a receipt of payment and will be asked in the mail to create an account on the website of Moneybookers. If the account is created, the new owner can have the money received. The service is available in 40 different currencies. The client lies down when you log into a account currency notes that upon completion of your deposit can not be changed for this account. Customers with premium membership have the ability to manage multiple accounts in different currencies.

Payment orders can not be canceled once a transaction has been carried out. Customers can default send a maximum of 10,000 euros per transaction, leave this limit but also remove upon request after verification. Payment is made stating the amount and the email address to which the Customer will be Skrill account, therefore the purchase of digital goods without shipping address is payment against the dealer without disclosure of further personal data.

Skrill makes for a dealer HTML code-based HTTPS interface and API, installing special software is required. For private customers, there are several tools banner. Skrill has been established specifically to the alternative auction market off of eBay and as a number system with escrow service on the net.

Customers have the option of a Skrill PrePaid MasterCard to order that is associated with their account. The card is available in USD, EUR, GBP and PLN, allowing customers direct access to their online assets.

Verified customers are offered a security token. After activation of the token entering this individually generated PIN is required to access the Skrill account. Accounts with enabled security token is promised a refund of the credit balance in case of misuse of their account.

Payment security in the sale for traders

Registered traders have the opportunity to protect themselves against fraud by a paid insurance.

Skrill for Austrian customers

The filling of the Skrill account is possible through a domestic transfer a sum of money by an Austrian bank account.

Charges / fees

The registration is free. In " inactivity " falls for consumer accounts that have balances, a commitment fee of 1 EUR per month. A user is considered inactive if it has not logged in during the last 12 months into his Skrill account or making a transaction. If one has to be Skrill account (for example, an Internet auction house ) registered as a payment receipt account, it is considered as merchant account, which is also loaded with a commitment fee since 2012. Receiving money is free of charge for private users. If money is sent to another subscriber, the sender pays an additional fee of 1%, a maximum of EUR 10.00. In addition, fees incurred in a currency exchange, a payment to a bank account or a credit card or by check at the exhibition.

Customers with high transfer volume is a free premium membership, " Skrill VIP " offered. The benefits and additional services thereby resemble those of competitors Neteller.

For commercial users falls depending on the monthly transfer volume per receiving process at a percentage fee. Triggered dealer credits or refunds are also chargeable.