Skrill

Digital Wallet & Online Paymentsskrill.com

Company typePrivate
Founded2001
HeadquartersLondon, United Kingdom
Headcount501–1,000
GTM typeB2C
OfferingServices

Skrill firmographics

Firmographics

Name: Skrill
Legal name: Skrill USA, Inc.
Website: https://skrill.com
Company type: Private
Founded year: 2001
Operating status: Operating
Headcount range: 501–1,000 employees
Ownership category
akta.pro rank

Skrill industry classification

Industry

Product category: Digital Wallet & Online Payments
NAICS: Credit Card Issuing (522210), Depository Credit Intermediation (5221)
SIC: Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
akta.pro primary industry: Digital Wallets & Account Aggregation Hub (Multi-account, Stored Value) (FSAGAAAD)
akta.pro secondary industries: A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB), POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO), International / Cross-Border BNPL & Multi-Currency POS Financing (FSAGAIAN)

Keywords

Digital wallet services
Online payment processing
Money transfer services
Prepaid card issuance
Foreign exchange payments

Where Skrill is headquartered

Location

Headquarters

HQ city: London
HQ country: United Kingdom
HQ region: Europe

Offices1 record

Markets served

Skrill business model

Business model

GTM type: B2C
Offering type: Services
Cost components: Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure, Others

Revenue model

Transaction Fees: Fees charged per money transfer, payment transaction, and service use. Fee schedule available at skrill.com/siteinformation/fees. Applies to sending money, receiving payments, and merchant transactions.
Foreign Exchange (FX) Fees: Currency conversion fees applied when users convert between currencies. Skrill exchange rate (reference rate set by Skrill, changing continuously) plus a foreign exchange fee displayed in the fees section. Non-refundable even if original currency differs.
Card Services: Fees associated with Skrill Visa Prepaid Card usage including withdrawals, transactions, and maintenance. Card issued by Community Federal Savings Bank.
Account Maintenance Fees: Monthly inactive maintenance fee of $5.00 charged after 365 days of no login or transaction activity. Account closed when balance reaches $0.00 or user transacts.
Document Retrieval Fees: $10.00 per copy charged for documentary evidence of transactions requested for income tax or other lawful purposes.

Pricing tiers

Model	Billing	Price
Transaction based/ take rate	Pay-as-you-go	Standard Digital Wallet

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Skrill product offering

Product offering

Core offering

Skrill operates a consumer digital wallet enabling users to send and receive money globally, pay online at merchants, fund gaming and betting platforms, and access funds via physical or virtual Visa prepaid cards. The platform supports multiple currencies with real-time FX, instant bank withdrawals to supported banks, and a Knect points-based loyalty program. It also exposes PSD2-compliant Open Banking APIs that let authorized Third Party Providers retrieve account information and initiate payments on behalf of customers.

Product overview

Skrill is a digital wallet and online payments platform offering a comprehensive suite of money transfer, payment, and financial services. The core product is the Skrill Digital Wallet, which serves as the foundation for all other services. Users can send money globally, pay online at merchants, deposit to betting and gaming platforms, and manage funds through physical or virtual prepaid Visa cards. The platform includes loyalty programs (Skrill Knect with points-based rewards, VIP Program with premium perks, and tiered Account Levels), an affiliates referral program, and cryptocurrency trading services. Skrill also offers PSD2-compliant Open Banking APIs for Third Party Providers, and maintains regulatory licenses across US states and UK/EU markets. The platform is operated by Paysafe Group.

Differentiator

Problem solved

Functional benefit

Brands

Skrill Visa Prepaid Card: Prepaid card allowing users to spend Skrill balance at merchants accepting Visa.
Skrill Virtual Visa Prepaid Card
Skrill Knect
Skrill VIP Program

Products and services

Skrill Digital Wallet Core digital wallet enabling users to send and receive money globally, pay online at merchants, and hold multi-currency balances funded by card, bank transfer, PaysafeCard, or PaysafeCash.
Skrill Money Transfer Service for sending money to any Skrill user or network participant globally, with instant withdrawal to supported bank accounts.
Skrill Pay Online Allows consumers to shop and pay at participating merchants using their Skrill wallet balance at checkout.
Skrill Visa Prepaid Card Physical prepaid Visa card that lets users spend their Skrill wallet balance anywhere Visa is accepted worldwide.
Skrill Virtual Prepaid Card Virtual Visa prepaid card for shopping online using Skrill wallet balance without requiring the physical card.
Skrill Online Betting Payments Secure deposit service for funding online sports betting and gambling platforms directly from the Skrill wallet.
Skrill Online Gaming Payments Deposit service for funding online gaming platforms directly from the Skrill wallet balance.
Skrill Cryptocurrency Services Service enabling users to buy and sell cryptocurrencies directly through the Skrill platform with real-time pricing and withdrawal to external wallets.
Skrill PSD2 Open Banking APIs PSD2-compliant APIs (Modified Customer Interface) that allow qualified Third Party Providers to retrieve customer account information and transaction history, and to initiate payments on behalf of Skrill customers using OAuth 2.0 + PKCE and Strong Customer Authentication.

Companies that use Skrill

Customer profile

Segments2 records

Ideal customer profiles3 records

Skrill technology and API

Technology

Technology focussed Yes

API detail

Has API: Yes
API docs
API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability1 record

Feature4 records

Skrill partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core.

Paysafe GroupcoreStrategic or Co-development PartnerSkrill USA is part of the Paysafe Group. Paysafe provides data processing, program services, web services, and technology infrastructure for Skrill USA. Skrill USA is under contract to be acquired by Paysafe. Paysafe also handles OAuth authorization server, API management, and regulatory compliance support.
Community Federal Savings BankcoreTechnology or IntegrationIssues the Skrill Visa Prepaid Card pursuant to license from Visa USA Inc. Maintains FDIC-insured custodial accounts for Skrill's stored value balances at Community Federal Savings Bank, member FDIC. Funds in stored value balances are eligible for FDIC insurance up to $250,000.

Scale indicators1 record

Recent moves3 records

Expansion highlights6 records

Skrill competitors and assessment

Company assessment

Direct peers

PayPal: PayPal operates a global digital wallet and online payments platform serving consumers and merchants with P2P transfers (via Venmo in the US), merchant checkout, prepaid cards, and crypto services. PayPal is Skrill's most direct global competitor with overlapping consumer wallet, merchant acquiring, and cross-border payment capabilities.
Venmo: Venmo (owned by PayPal) is a leading US P2P digital wallet with social feed features, instant transfers, debit card, and merchant integrations. Venmo directly competes with Skrill in the US consumer money transfer and online payment space, particularly among younger demographics.
Cash App: Cash App (Block, Inc.) is a US-focused P2P digital wallet offering instant transfers, Cash App Card (debit), Bitcoin buying/selling, and direct deposit. Cash App competes with Skrill for US consumer wallet share and overlaps on prepaid card, crypto, and P2P money transfer functionality.
Neteller: Neteller is a Paysafe Group sister brand operating a digital wallet with strong focus on online gaming, betting, and forex deposits. As a sibling brand within Paysafe, Neteller is the closest internal peer to Skrill USA with overlapping product set and merchant verticals.
Wise (TransferWise): Wise offers multi-currency digital wallets and cross-border money transfers at mid-market FX rates with transparent fees. Wise competes directly with Skrill's multi-currency wallet and money transfer services, particularly for cross-border consumer and SMB use cases.
Payoneer: Payoneer provides digital wallet, multi-currency receiving accounts, and cross-border payment services primarily for freelancers, SMBs, and marketplaces. Payoneer directly competes with Skrill's multi-currency wallet and online payment capabilities for cross-border commerce use cases.
Zelle: Zelle is a US bank-backed P2P payment network integrated directly into major US bank mobile apps, offering instant transfers with no fees. Zelle is a direct US competitor to Skrill for P2P money transfers and benefits from deep distribution through hundreds of US banks.

Emerging players

Revolut: Revolut is a global digital banking app offering multi-currency accounts, P2P payments, prepaid cards, crypto trading, and remittances. Revolut overlaps with Skrill on multi-currency wallet, prepaid card, and crypto services and is rapidly expanding in the US and European markets.

Broad incumbents

Western Union: Western Union is a global incumbent in cross-border money transfers with extensive retail agent network and digital channels. Western Union competes with Skrill on international money transfer and overlaps on digital wallet/online payment services, though with a much broader offline footprint.
MoneyGram: MoneyGram is a global cross-border money transfer incumbent with retail agent network and growing digital wallet/app offering. MoneyGram competes with Skrill on money transfer services and is expanding into digital wallet functionality similar to Skrill's core offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Skrill compliance and trust

Trust signal

Compliance6 records

Skrill financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Skrill leadership team

Management profile

Number of profiles

Skrill funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Skrill M&A and investment

M&A and investment

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Skrill

What does Skrill do?

Is Skrill a public or private company?

Skrill is a private company. It is classified as corporate owned and is currently operating.

When was Skrill founded?

Skrill was founded in 2001. It employs 501 to 1,000 people.

Where is Skrill based?

Skrill is headquartered in London, United Kingdom, in the Europe region.

How does Skrill make money?

Five revenue lines are on record. Transaction Fees are the primary driver. The others are foreign Exchange (FX) Fees, card Services, account Maintenance Fees and document Retrieval Fees.

Who are Skrill's main competitors?

Direct peers on record are PayPal, Venmo, Cash App, Neteller, Wise (TransferWise), Payoneer and Zelle. Revolut is listed as an emerging player. Broad incumbents are Western Union and MoneyGram.

Does Skrill have an API?

Yes. Skrill offers PSD2-compliant Open Banking APIs (Modified Customer Interface) that allow qualified Third Party Providers (TPPs) to access customer account information and initiate payments. The APIs include PSD2 OAuth2 and Client Management APIs, Account Information Service APIs (Get Customer Accounts Information, Get Transaction History), Payment Initiation Service APIs (Send Money Preview, Send Money, Send Money Finalize), and Strong Customer Authentication APIs (Trigger OTP SMS Code Send, Validate OTP Code). Authentication uses OAuth 2.0 Authorization Code Grant flow with PKCE extension (SHA-256) and requires Qualified Website Authentication Certificates (QWAC) issued by a Qualified Trust Service Provider. The API operates over HTTPS, accepts and returns JSON. Skrill supports AIS (Account Information Service Providers) and PIS (Payment Initiation Service Providers) roles, but does not support CBPII (Card Based Payment Instrument Issuers) use cases. Developer documentation is at developer-psd2.skrill.com.

What industry is Skrill in?

Skrill's product category is Digital Wallet & Online Payments. Its primary akta.pro industry code is FSAGAAAD, Digital Wallets & Account Aggregation Hub (Multi-account, Stored Value), with a secondary code of FSAMAFAB, A2A Payment Initiation Service Providers (PISPs). Its NAICS code is 522210 and its SIC code is 6199.