Skrill

What Skrill is

Skrill is a digital wallet for paying online, sending money, and managing funds, available on Android, iOS, and the web. At participating checkout pages, customers can select Skrill and sign in; Skrill 1-Tap allows payment after a click without entering additional information. The wallet can send money to a bank account or another Skrill customer, and balances can be held and exchanged in multiple currencies. Skrill says customers can buy and sell more than 40 cryptocurrencies, including Bitcoin and Ethereum. Its Knect loyalty programme awards points on nearly all transactions, which can be exchanged for cash rewards and bonuses. The mobile app includes balance, transaction, deposit, withdrawal, and transfer features. Listed account funding methods include cards, bank transfers, and local payment options. Skrill says it uses anti-fraud monitoring, two-factor authentication, and SSL technology with 128-bit encryption. Identity verification may be required and can enable higher transaction limits and additional features. Opening an account is free, but fees vary by transaction, country, and payment method. The US fees page lists a $5.00 monthly service fee after 12 months without a login or transaction. Customer electronic money is not covered by FSCS protection.