Competitor Profile: Skrill 2025
Summary
Skrill is a global payment solutions provider headquartered in London. It allows users to store payment details in a Skrill Digital Wallet, which they can use to make payments for online purchases. Consumers can also make payments with their Skrill account balance and register debit and credit cards, bank accounts, and other payment options such as PaysafeCard within the wallet for future payments. In addition, Skrill 1-Tap enables customers to make payments from their Skrill account with a single click, without needing to authorize the payment every time. Payments are charged to a linked debit or credit card or made via direct debit.
Skrill allows merchants to accept payments via more than 100 payment methods. It is supported by all major card schemes, as well as more than 3,000 banks globally. The company also offers peer-to-peer (P2P) payments, allowing users to send money both locally and to 200 markets globally. The funds are credited to the recipient’s Skrill account balance. In addition, Skrill allows users to transfer funds to bank accounts and mobile wallets globally, enabling Skrill users to send money directly to recipients’ bank accounts and mobile wallets.
In July 2018, Skrill introduced a feature allowing its users to buy and sell cryptocurrencies including Bitcoin, Bitcoin Cash, Ripple, Ethereum, and Litecoin using over 40 fiat currencies available in their Skrill wallet. Skrill expanded the service to the US in partnership with cryptocurrency exchange platform Coinbase in March 2021; in June 2022, it added the Polkadot cryptocurrency to its offering.
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