Skrill - formerly known as Moneybookers - is a British electronic payment, storage and money transfer system which is operated by Skrill Group and is owned by Optimal Payments Plc. Skrill was founded as Moneybookers in 2001 and by its functionality is a competing company of other payment systems like e.g. PayPal. Like PayPal Moneybookers does not offer any electronic currency but the account balance can be uploaded and is measured in the common currency units.
Since September 2011 Moneybookers changed its brand name to Skrill and was completing the transition process in 2013.
In 2015 Skrill Group has been bought from CVC Capital Partners by Optimal Payments Plc wich is the owner of Neteller payment system.
Skrill requires binding account owner verification which can be done via confirming the credit card, the bank account or the physical address. All three methods can be used together to increase the transfer limits which are active for all clients.
Skrill charges fees for sending the fund which is usually quite suitable for sellers and providers of the various paid online services.
Skrill is less popular than PayPal or WebMoney but is a suitable electronic payment system to use with Forex brokers. It is a secure payment system which is not anonymous and complies with the British anti-fraud laws. Unlike PayPal Skrill is fully available to the residents of nearly all countries in the world so making it a potentially more comprehensive system.