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A Skrill Account is a digital wallet, or an e-wallet, that allows users to make online payments, send money, and spend money online, similar to PayPal. It’s an international, FCA-regulated, licensed e-payment service.
Here’s a more detailed explanation:
Online Payments:
Skrill allows users to make payments online without directly sharing their bank details.
Money Transfers:
Users can send money to bank accounts, other Skrill customers, or even email addresses.
Spending:
Skrill can be used to spend money online, including at various merchants, betting sites, and even for crypto transactions.
App and Mobile Access:
The Skrill app provides 24/7 access to funds and allows for easy money transfers.
Loyalty Program:
Skrill has a loyalty program called Knect, where users can earn points for transactions and redeem them for rewards.
Prepaid Card:
Skrill also offers a prepaid card that can be used for online and in-person purchases, as well as ATM withdrawals, with some associated fees.
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