How Skrill Works and its History
Skrill is one of the many convenient ways to pay that you will find on Progress Play casino sites. It is an e-wallet system which facilitates the easy transfer of funds when making payments online.
Skrill is one of the earliest of the many electronic payment methods which grew out of the online trading boom resulting from the success of online markets and traders such as eBay and Amazon. The original service which is now known as Skrill was founded in 2001, known as Moneybookers.
Like many such fledgling financial payment services companies, it has undergone a succession of take overs, mergers and name changes. The service was re-branded as Skrill a few years ago, with the process being completed in 2013. At the time of writing it has already been taken over by four different corporate owners over its less than two decades of history, and has also acquired other companies along the way. A forensic accountant would be required to untangle the true story of its complex series of ownership transactions. What seems to be beyond argument is that it is currently operating under the umbrella of the Paysafe Group, owners of the pre-payment services company Paysafecard.
Skrill has always been a particularly popular means of paying for online gaming. It was one of the early e-payment methods which was accepted on many of the fledgling online casino sites which grew up around the turn of the century. It remains popular as a very secure and convenient way for making your deposits to this day.
The Skrill service is in effect your online wallet. It can be used in conjunction with any online enabled device, such as a smartphone, tablet, laptop or desktop PC or Mac. Setting up your Skrill account is free, and enables you to send and receive money as well as to make online payments.
You can load your e-wallet with funds via your bank account, debit or credit card, or even with cash via the company’s sister payment method, Paysafecard. Opening your account is easy. All you need is a valid e-mail address. You then register this with the company via their secure website at Skrill.com. You then need to think of a secure password to use with your new account. And that’s it: you’re signed up!
All you need to do then is to add your chosen loading method (usually a debit or credit card) via the Cards and Bank Accounts tab after you have logged in. Load up some funds from your nominated account and you are good to go.
The main advantages of using the service for making payments online is that you do not need to give your personal banking details to the seller or trader, which you would have to do if you use a conventional credit or debit card. This avoids the possibility of your valuable details being stolen or hacked via insecure Wi-Fi links.
It is also so much more convenient: you just have to remember one password, rather than having to rummage around for your plastic card and input all the numbers on your smartphone screen. This can certainly be a bit of a faff if you are out and about.
The service is also completely free for you to use when paying for goods and services online at a site which accepts the service. Instead, the retailer or trader you are buying from pays a small fee for accepting your funds via Skrill. Some of the methods used to upload funds to your e-wallet do incur fees, so check first before you load your Skrill account.
You can use the Skrill service on all Progress Play licenced sites, so you too can enjoy the convenient, simple secure and swift service provided by these pioneers of the e-wallet payment.