Published on October 3rd, 2015 | by neteller0
Neteller eager to integrate with Skrill the creator of Paysafecard
31st match 2014 was a day to remember in the history of online transactions. This was a day when 15 transactions were made every second and on that that day online transactions crossed the one million mark. The volume of online transaction is dominated by the United Kingdom which is closely followed by the USA and Norway. Since time available is very less and people have a busy life, more people are subscribing to online transactions. Neteller a global leader in the area of online transactions adopted the Biticoin deposit feature and this facilitated the growth of digital currency. Another major event undertaken by its parent company Optimal Payments was the acquisition of Skrill for $1.2 billion.
What do the Press Releases say?
News published at Forexmagnates has revealed that Optimal Payments has acquired the competition company of Neteller which is Skrill. The enterprise amount paid was $1.2 billion and the entire acquisition would be completed by Q3 of 2015.
Let us know more about Skrill
Skrill was known earlier as Moneybookers and it was started in 2007. This was simple an e-com website which initiated money transfer and payments easily for its customers. The service fee for these online transactions was low when compared with other traditional payment methods. The regulations for Skrill were regulated by FCA or Financial Conduct Authority. By 2002, Skrill had more than two million new account holders who were registered with Skrill. Investcorp Technology Partners bought Moneybookers in 2007 for €105 million and in 2011 the company was sold again at £365 million. Due to its extensive growth in the company felt a need to rebrand itself in 2011 and thus became known as Skrill. The rebranded procedure was completed in 2013 and by that time it had become an important financial gateway. Skrill has a presence in 200 countries and uses 41 different currencies. It is very surprising that due to certain regulations, customers in the USA cannot use Skrill to receive money.
Exploring the benefits of using Skrill
The digital world is growing on leaps and bounds and various acquisitions have been undertaken. Optimal Payment Company would largely benefit from the triple dimension of Skrill-Biticoin and Neteller.
• The extensive penetration of Skrill in various global market segments would allow Optimal Payments to use these market segments for their other products like their Neteller products. Dennis Jones the Chairman of Optimal Payments has commented that the fact that acquisition of Skrill would help them scale new levels of success which has never been before. It would make Optimal Payments the leading online payment company in the UK.
• The transaction procedure used in Skrill is very simple and you would just need to open an account. In case you want to send high-valued amounts your account has to be verified. If you do not use your Skrill account for more than 12 months, than an inactive-fee would be charged.
Here a probable question which is being asked by many is whether the Paysafecard of Skrill would use Biticoins to power it. But here one would need to wait and watch.