How secure is Skrill?

It's hard to say how secure Skrill is. We have put together some facts for you so you can form your own opinion about the security of Skrill.

How secure is Skrill? A few facts

The company was founded in 2001 under the name Moneybookers, which was then finally converted into Skrill in 2013. Skrill's parent company is Gatcombe Park Ventures Limited.
The company is headquartered in London and accordingly received the E-Bank license from the British financial regulator in 2002. With this, Skrill was and is entitled to spend electronic money. The regulatory authority used to protect customers has been the Financial Conduct Authority, or FCA for short, since April 2013.
In addition to the company headquarters in London, Skrill has further branches in Europe and the USA and now employs around 600 people.
In 2005, Skrill had over one million customers with Skrill accounts and in 2010, 20 million.
According to the company, around 36 million customers and 156, 000 retailers in over 200 countries worldwide are now using Skrill's payment solutions. Payment by smartphone has also been possible with Skrill 1-Tap since 2012.
The well-known paysafecard has also been part of Skrill since 2013.
Skrill has been certified by TÜV 2013 as a "Verified Payment System".

Skrill offers a prepaid payment method that works much like PayPal's.
You set up a so-called "digital wallet" at Skrill and can then use it to pay without having to reveal your bank details when shopping online, for example.
However, you must of course ensure that your digital wallet is always well filled accordingly.
Once a money transaction has been carried out, you can no longer cancel it. As a verified customer, you can send a maximum of EUR 10, 000 per transaction.
In order to become a verified customer at Skrill, you have to activate a so-called security token. You will then need a corresponding PIN in order to be able to access your Skrill account. In the event of misuse, however, you will get the money back from the e-banking company.
With Skrill, you can also transfer money to someone who doesn't have an account with the company. All you have to do is enter the recipient's email address, who then opens an account with Skrill and then receives the amount you have transferred.

If you are primarily interested in payment methods with your smartphone, the next practical tip may help you.