Skrill is an e-commerce business and an online wallet (electronic wallet, e-wallet) that is generally used for online gambling transactions and is ONLY AVAILABLE IN DELAWARE, NEVADA, and NEW JERSEY at sites such as Borgata or the WSOP. Skrill was previously known as MoneyBookers before a rebranding in 2011 to Skrill. It is not allowed at any offshore poker sites if you are from the USA.
Skrill has over 36 million accounts in over 200 countries around the world. They trade in over 40 different currencies, including the United States Dollar. Unfortunately due to legal constrictions Skrill for USA poker sites don’t exist except for three (3) states. We recommend checking out our credit card depositing options if you are outside of those states for safe sites to bet at.
Skrill’s chief competitor is Neteller, another e-wallet that mainly processes gambling transactions. They are currently second in global gaming transactions to their main competition.
USA Market History
Skrill initially opened their virtual doors in 2001, a few years before the “Poker Boom.” They immediately become a top payment option along with Neteller. The company was registered as “MoneyBookers Limited” and was based in the United Kingdom.
They took US residents immediately and became a major player in online poker payment processing. They enjoyed several years of prosperity but ran into issues after the US government passed the Unlawful Internet Gambling Enforcement Act (UIGEA) in 2006.
The regulations weren’t finalized till several years later, but they forced Neteller out of the market after their founders were arrested [A]. Skrill would soon follow in their footsteps.
At first, they restricted accounts from US residents. The rules were that US-based accounts could not receive funds from international accounts. This didn’t help the processing situation with offshore sites, and it effected Skrill’s viability for Americans.
In 2008, Skrill stopped discontinued support for all accounts with US-based addresses.