# Skrill > e-commerce business **Wikidata**: [Q311277](https://www.wikidata.org/wiki/Q311277) **Wikipedia**: [English](https://en.wikipedia.org/wiki/Skrill) **Source**: https://4ort.xyz/entity/skrill ## Summary Skrill is a UK-based e-commerce business that provides digital wallet and payment processing services for online transactions. Originally launched in 2001, it was rebranded from its former name Moneybookers to Skrill in 2011. It is currently operated by the Paysafe Group, which has owned and managed the platform since its acquisition. ## Key Facts - Skrill was originally founded in 2001 under the name Moneybookers. - It is an e-commerce business that functions as a payment gateway, enabling secure online financial transactions. - The company is headquartered in London, United Kingdom. - It is a wholly owned subsidiary of the Paysafe Group, an online payments company established in 1996. - Skrill offers services primarily through its website, with localized versions such as https://www.skrill.com and https://www.skrill.com/en-us. - It is classified as both a business and an enterprise, indicating its role in commercial and decision-making capacities. - The entity has a sitelink count of 25, suggesting moderate online presence and cross-linking. - It is categorized under payment gateway services, a subset of e-commerce applications. ## FAQs ### What is Skrill? Skrill is an e-commerce business that provides digital wallet and online payment processing services. It allows users to send and receive money online securely and is used globally for various digital transactions. ### Where is Skrill based? Skrill is headquartered in London, the capital of the United Kingdom. London has a long history as a commercial and political center, currently serving as the core of the UK's financial services industry. ### Who owns Skrill? Skrill is owned and operated by the Paysafe Group, an online payments company founded in 1996. Paysafe Group manages multiple payment solutions and has positioned Skrill as one of its core brands. ### What was Skrill previously known as? Before 2011, Skrill was known as Moneybookers. The rebranding was part of a strategic move to modernize its image and expand its global reach. ### What type of service does Skrill provide? Skrill functions as a payment gateway, a type of e-commerce application service that facilitates secure online transactions. It enables individuals and businesses to transfer money and make payments over the internet. ### When was Skrill founded? Skrill was originally established in 2001 under the name Moneybookers. It has since evolved into one of the leading digital wallet platforms in the online payments industry. ## Why It Matters Skrill plays a critical role in the digital economy by enabling secure, fast, and global online transactions. As a payment gateway, it bridges the gap between consumers, merchants, and financial institutions, facilitating e-commerce on a global scale. Its integration with the Paysafe Group further enhances its reach and technological capabilities, making it a key player in the online payment processing ecosystem. Skrill’s services are essential for users who rely on digital wallets for cross-border payments, peer-to-peer transfers, and online merchant transactions. Its evolution from Moneybookers to a globally recognized brand underscores its adaptability and relevance in a competitive market. ## Notable For - Being one of the early pioneers in the digital wallet space, launching in 2001 as Moneybookers. - Rebranding to Skrill in 2011, which marked a significant shift in its branding and market positioning. - Integration with the Paysafe Group, a major online payments conglomerate, enhancing its infrastructure and global footprint. - Offering a secure and scalable platform for peer-to-peer and business transactions. - Serving as a key component in the e-commerce payment ecosystem as a payment gateway. - Maintaining a strong presence in global markets, especially in regions where traditional banking infrastructure is limited. ## Body ### History Skrill was originally founded in 2001 under the name Moneybookers. It was among the first digital wallet services to gain traction in the early 2000s, offering users a way to conduct secure online transactions without relying on traditional banking systems. In 2011, the company underwent a rebranding, changing its name from Moneybookers to Skrill to reflect a more modern and globally recognizable identity. This rebranding coincided with an expansion in services and global outreach, aligning with the company’s goal to become a comprehensive e-wallet solution. ### Business and Enterprise Classification As a business, Skrill is defined as an organization undertaking commercial, industrial, or professional activity. It also fits the definition of an enterprise, as it functions as an organizational unit that delivers services with a degree of operational autonomy. This classification underscores its role in the e-commerce ecosystem, where it serves as a payment gateway, enabling secure digital transactions for users and businesses alike. ### Geographic and Operational Base Skrill is based in London, United Kingdom, a city with a rich commercial and historical background. London’s long-standing role as a financial hub provides a strategic base for Skrill’s operations. The United Kingdom, known for its strong digital economy and regulatory framework, supports Skrill’s mission to offer secure, regulated online payment solutions. ### Ownership and Affiliation Skrill is operated by the Paysafe Group, a company founded in 1996 that specializes in online payments. Paysafe Group’s oversight ensures that Skrill maintains a strong technological and financial infrastructure. This relationship places Skrill within a broader ecosystem of digital payment solutions managed by a trusted entity in the financial technology space. ### Services and Offerings Skrill provides a digital wallet platform that allows users to perform peer-to-peer transfers, merchant payments, and cross-border transactions. As a payment gateway, it supports a wide array of e-commerce applications, making it essential for businesses and individuals who rely on digital transactions. Its integration with the Paysafe Group enhances its capabilities, offering users secure and regulated financial tools. ### Technical Infrastructure Skrill operates as a web-based service with a moderate sitelink count of 25, indicating its presence across various digital platforms and services. Its technical infrastructure supports high-volume, real-time transactions, ensuring reliability and scalability. The service is accessible via its official websites, including global and localized versions such as https://www.skrill.com and https://www.skrill.com/en-us. ### Brand Evolution and Identity Originally launched in 2001, the company operated as Moneybookers before rebranding to Skrill in 2011. This rebranding aligned with a strategic shift toward global digital adoption and user-friendly interfaces. The name change also marked a transformation in its service delivery and market positioning. ### Global Presence and Market Impact Skrill's services are used by individuals and businesses worldwide, especially in regions where traditional banking is less accessible. Its role in the e-commerce ecosystem is significant, as it supports real-time digital transactions and global remittances. As part of the broader Paysafe Group, Skrill benefits from a well-established infrastructure that supports compliance, scalability, and innovation in online payments. ### Notable Features and Offerings Skrill is notable for: - Pioneering the digital wallet space in the early 2000s. - Supporting over 30 currencies and facilitating transactions in over 200 countries. - Providing secure, real-time payment solutions. - Offering a regulated, licensed platform for both individuals and businesses. - Acting as a key part of the global e-commerce infrastructure. These features make Skrill a critical component of the modern digital economy, especially for users seeking borderless, secure, and regulated financial tools. ## References 1. Freebase Data Dumps. 2013 2. Google Knowledge Graph 3. Quora