Skrill breaks key milestones to bolster position as one of Europe’s largest online payment solutions

* 100,000 merchants use the online payment service * Skrill manages 20 million customer accounts, up 47 percent on last year * Virtual goods sales show strong growth up by 47 percent

London, 23.09.2011. Skrill, which operates online payment service provider Moneybookers, has bolstered its position as one of Europe’s largest online payment solutions by registering 100,000 merchants and 20 million customer accounts.

In September 2010 Skrill had registered 68,000 merchants and 13.7 million customer accounts. However, over the previous year the payment service has grown rapidly with merchant adoption rates up 47 percent and user account numbers up 46 percent.

Through Moneybookers, Skrill offers a simple digital wallet that enables any customer to make online payments conveniently and securely without revealing personal financial data, as well as send and receive money transfers cost-effectively simply by using an email address. Skrill’s worldwide payment network offers businesses access to over 100 payment options in over 200 countries and territories through just one integration.

Merchants and customers alike benefit from Skrill’s highly competitive offering which includes a fully integrated worldwide banking network, low transaction fees and market-leading security and risk management expertise, which protects customers’ personal data and offers merchants charge-back protection.

“We are very pleased with this enormous growth and we fully expect Skrill to continue to go from strength to strength,” explains Nikolai Riesenkampff, Co-CEO Skrill.

Martin Ott, Co-CEO of Skrill also comments saying, “We are confident of building on our momentum into 2012 as we strive to provide both current and future merchants with the perfect online payment system from a single source.”

The virtual goods market is expected to double in the UK, and triple across Europe, by 2014 according to the findings of a study by Skrill, conducted by the research institute SuperData Research. According to this report the UK market is expected to be worth £93.1 million in 2014. Skrill has also recorded a strong growth in this area over the last year with transaction volumes up by 47 percent in August 2011 compared to last year.

In addition to strengthening its position in the virtual goods market, with partnerships such as Mojang, the leading independent videogames studio which created Minecraft, Skrill has recently completed the acquisition of payolution, the European social risk engine provider to facilitate invoice and installment payments for online and offline merchants.

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