Skrill

Early history (2001 to 2015)

Skrill, formerly known as Moneybookers, was founded in 2001 in the United Kingdom as a digital wallet provider.[12] By 2007, it had become established as one of the top three e-payment solution providers in Europe[13] when it was purchased by Investcorp in March of that year.[14] In August 2010, Skrill blocked an account operated by WikiLeaks as a donation collection account, citing the organisation's addition to Australian blacklists and American watchlists.[15] In September 2011, Moneybookers announced that they would rebrand their service as Skrill, completing the rebrand in 2013.[16] As Skrill, they completed the acquisition of Austrian-based prepaid payment method paysafecard in February 2013,[17] before being acquired by CVC Capital Partners for €600 million in August 2013.[18]

In 2009, Skrill, then known as Moneybookers, suffered a large security breach which exposed the data of almost 4.5 million customers. The breach was not discovered until October 2015 and included names, e-mail addresses, home addresses and IP addresses.[19]

Paysafe subsidiary (2015 onwards)

In 2015, Skrill was acquired by Optimal Payments, the parent company of rival digital wallet NETELLER, for €1.1 billion.[20] During this period, Skrill Group announced in April 2015 that it had completed the acquisition of Ukash, a UK-based competitor of paysafecard, which was merged during the same year.[21] In November 2015, Optimal Payments rebranded as Paysafe.[22]

In 2018, Skrill began to extend the amount of services offered to its users, launching an international money transfer service in February 2018,[23] and a crypto service in July 2018 allowing users to buy and trade cryptocurrencies.[24] This was followed by the launch of Skrill's customer loyalty programme, KNECT, in November 2019[25] and the extension of the international money transfer service to US users in June 2020.[26]

Sponsorship and relationships

In 2011, Skrill first sponsored the PokerStars owned European Poker Tour for its eighth season, sponsoring the event again in 2013 for its tenth season.[27]

In July 2013, English football's National League signed a one-year sponsorship deal with Skrill[28] with the Conference's divisions being known as The Skrill Premier, The Skrill North and The Skrill South.

In May 2020, Skrill announced a four-year AC Milan sponsorship deal.[29]

In March 2021, Skrill announced a new partnership with the English Premier League football team Leeds United.[30][31]