Skrill

E-money or payment institution · London, United Kingdom

Skrill Limited runs the Skrill digital wallet and is authorised by the FCA as an electronic money institution under firm reference 900001. It is part of Paysafe. Wallet holders pay online, send money abroad, hold a prepaid Mastercard and buy and sell crypto, and Skrill runs dedicated deposit pages for betting, online gaming and forex trading accounts. Its terms prohibit only unlicensed gambling in that space, while barring adult material, tobacco, weapons and payment aggregation outright. For merchants, Paysafe announced the Skrill Business platform in August 2026, combining pay-ins, global payouts and treasury in one multicurrency wallet. Skrill is not a bank, the FSCS does not apply, and balances earn no interest.

Legal name: Skrill Limited
Regulated by: FCA (UK authorised electronic money institution 900001), FCA (UK registered cryptoasset firm under the Money Laundering Regulations 2017)
Licence confirmed: yes, on a regulator's own list
Established: 2001
Website: www.skrill.com

Scores, 0 to 10

7.0High-risk verticals (iGaming, cannabis, adult, forex)

Skrill runs deposit journeys for bookmakers, casinos, poker rooms and forex accounts, and its terms bar only unlicensed or illegal gambling, while prohibiting pornography and adult material, tobacco and drug paraphernalia outright. · source

6.5Customer satisfaction

Trustpilot 3.7 out of 5 from 27,520 reviews, 65 percent five star and 25 percent one star. · source

6.0United Kingdom

FCA authorised electronic money institution 900001 since 13 January 2018, offering a GBP wallet and a prepaid Mastercard, but with no bank licence and no FSCS cover. · source

6.0Fast digital onboarding

Registration is online through the website or app with no monthly minimum, but Skrill may run anti-money-laundering checks before authorising a withdrawal and can suspend an account at its discretion. · source

5.5Europe (EU, EEA, Switzerland)

Paysafe Payment Solutions Limited, regulated by the Central Bank of Ireland, trades as Skrill, Rapid Transfer and Skrill Money Transfer for the EEA rather than Skrill Limited itself. · source

5.0Online businesses: e-commerce and SaaS

Skrill is a checkout wallet for merchants and the Skrill Business platform adds card and local method pay-ins, SEPA bank payouts and treasury for marketplaces and creator platforms. Skrill is a checkout wallet and payout rail with no local receiving accounts, no accounting integrations and no revenue-based financing published for software companies. · source

4.5Crypto-friendly bank

Skrill Limited is registered with the FCA as a cryptoasset firm and sells crypto to wallet users through partner exchanges, but it publishes no onboarding path for crypto exchanges, brokers or miners as business customers. · source

4.5Business cards (Visa, Mastercard)

Skrill Prepaid Mastercards are issued by Paysafe Financial Services Limited (FRN 900015) under licence from Mastercard International, and Skrill's card pages describe only a consumer card linked to a personal wallet, with no business card programme or spend controls published. · source

4.5On-ramp: buy crypto with fiat

Account holders can buy crypto with their fiat balance or withdraw fiat straight to an external wallet as BTC, ETH or SOL, and Skrill merchants can offer their own customers a Crypto Withdraw payout, but the buy service is aimed at resident individuals and limits are set per account. · source

4.0United States

The US service is run by a separate company, Skrill USA, Inc. (NMLS 935195), registered with FinCEN and licensed as a money transmitter in various states, and the site states some Skrill Limited services are not provided there. · source

4.0Cross-border payments, FX and multi-currency accounts

The wallet reaches 37 payout currencies, but conversion costs 4.49 percent and international transfers carry an exchange rate mark-up of up to 4.99 percent. The Skrill Business platform is sold as a multicurrency wallet with pay-ins, payouts and treasury, but Paysafe publishes no cash pooling, hedging or account structure detail and no pricing. · source

4.0Financial strength & stability

Skrill Limited publishes no financial statements and holds no credit rating; as an e-money issuer its customer funds are safeguarded under the Electronic Money Regulations and the FSCS does not apply. · source

4.0Foreign-owned & non-resident companies

Registration is open in most countries, with the terms naming Afghanistan, Cuba, Iran, Myanmar, Nigeria, North Korea, North Sudan, Somalia, South Sudan, Syria and Yemen as barred, but Skrill publishes no policy on opening accounts for foreign-owned companies. · source

4.0Crypto wallet and custody for a business

Skrill's crypto terms (valid from 5 August 2025) give account holders a beneficial interest in coins held in omnibus accounts at partner exchanges, not a wallet of their own, the terms say the service is not FCA-regulated beyond the 2021 MLR registration, and no business version with user roles or approvals is described. · source

4.0Off-ramp: crypto to fiat in a business account

Crypto interests can be sold back into the e-money balance and BitPay deposits convert crypto to fiat on arrival, but coins cannot be transferred into the Skrill crypto account from outside and no business source-of-funds process is published. · source

4.0Bitcoin

Bitcoin can be bought, sold and withdrawn to an external address from a Skrill account in supported countries, which is a retail wallet feature held through partner exchanges. · source

4.0Ethereum

Ether is offered on the same retail terms as bitcoin, with buy, sell and withdrawal to an external wallet and no staking or business custody. · source

4.0Stablecoins (USDC, USDT and others)

Skrill's own guide says USDC can be traded or withdrawn from a Skrill account, which is retail stablecoin trading; there are no stablecoin accounts or supplier payouts for businesses. · source

3.5Fintech companies that need a partner bank

Skrill supplies a wallet payment method and payout rail to merchants, but publishes no safeguarding accounts, agency banking or BIN sponsorship for e-money and payment institutions, and its terms prohibit third party processing and payment aggregation. · source

3.5Accept crypto payments

Skrill merchants are paid in fiat; the only crypto route in is the BitPay deposit that lets a payer top up a Skrill wallet from a crypto wallet in about 20 mostly EEA countries, which is a named third-party plug-in rather than merchant crypto acceptance. · source

3.0Lowest fees

Card deposits cost 2.50 percent, bank withdrawals 1.75 percent with a EUR 3.50 minimum, conversion 4.49 percent and dormant accounts EUR 5.00 a month. · source

3.0Startups & VC-backed companies

Skrill publishes no startup programme, no lending and no pre-revenue onboarding path; the business offer is a merchant wallet with pricing quoted on application. · source

1.5Best interest on business balances

The terms state that funds held in a Skrill account will not earn any interest, and Skrill publishes no savings or treasury product. · source

1.5Trade, manufacturing & import-export

Skrill Limited is authorised only for issuing electronic money and payment instruments; there are no letters of credit, guarantees or supply-chain finance. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.