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Skrill is being bought by Neteller

Discussion in 'Online Casinos' started by mrjolio, Mar 23, 2015.

    Mar 23, 2015
  1. mrjolio

    mrjolio Experienced Member

    Occupation:
    Business owner
    Location:
    Crete, GREECE
    As you can see by googling Neteller group (aka Optimal Payments Plc (LSE: OPAY)) has made an offer for 1.1 bn to but Skrill, and as far as I can see, the offer has been accepted.
    I really think this is not good news. Fewer options always leads to higher fees and less advantages. For example I was a VIP skrill member rather easily and maintain that status, giving me the skrill mastercard with no subscription and no fees for withdrawing.
    I really hope sth will stop this deal.

    Any thoughts anyone?
     
    6 people like this.
  2. Mar 23, 2015
  3. onkel

    onkel Experienced Member PABnonaccred

    Occupation:
    webmaster
    Location:
    Larnaca, Cyprus, Cyprus
    Skrill has got so much worse over the past couple of years it's not even funny. I switched from Neteller to Skrill due to excessive fees, but Neteller is so probably 5x cheaper than Skrill at this point. They charge me about 6% fx fee to withdraw from Skrill to bank (3.99% + their made up interbank exchange rate) PLUS a withdrawal fee.

    They also removed my VIP status a couple of months ago since I've not been using it enough lately. This after having paid over $30,000 in fees between 2012-2014.

    "Monopolies" are never good, so I imagine this will just make things worse, but at least I would be happy never to see the Skrill-logo again.
     
  4. Mar 23, 2015
  5. miksaxxx

    miksaxxx Senior Member

    Occupation:
    Computer related
    Location:
    Finland
    Damn,

    I have been using Skrill , becouse my all transfers are free. Not foreing exchance.

    But I am gold VIP there.
     
  6. Mar 23, 2015
  7. dunover

    dunover Unofficial T&C's Editor CAG PABnononaccred PABnonaccred PABinit mm3 webmeister

    Occupation:
    International Money Launderer
    Location:
    the bus shelter, opposite GCHQ Benhall
    "NETELLER is an e-money/e-wallet stored-value service owned and operated by publicly traded British global payments company Optimal Payments PLC. People in over 200 countries[1] use the NETELLER service to transfer money to and from merchants, such as forex trading firms,[2] social networks, or online gambling firms, and can withdraw funds directly using the Net+ card or transfer the balance to their own bank accounts.

    Skrill (formerly Moneybookers) is an e-commerce business that allows payments and money transfers to be made through the Internet, with a focus on low-cost international money transfers. It is owned and operated by Skrill Limited, a UK-based company registered as a Money Service Business with Her Majesty's Revenue and Customs, regulated by the Financial Conduct Authority and licensed to operate within the European Union."


    Right, if this is the case it may be investigated by the DoT here as they are both British companies and although we don't have the MMC (Monopolies and Mergers Commission) any longer, the DoT can enquire as to whether the merger/takeover is in the 'best interests of consumers'. We don't want a monopoly, look at the shocking fees and behaviour of Paypoo in the past...
     
  8. Mar 23, 2015
  9. hedgehok

    hedgehok Senior Member mm3

    Occupation:
    self-employed
    Location:
    Germany
    I hope they will run Skrill as a second brand separately instead of merge them into 1.
     
  10. Mar 24, 2015
  11. Deeplay

    Deeplay New World Order CAG mm1 webmeister

    Occupation:
    Works For Self
    Location:
    The biG Eu
    Seems like as of yet it is not being made public if they will continue to run skrill as a separate operation but something tells me they probably wont in the long run and will merge the 2 brands. I remember having dealings with Skrill quite a few years ago when they were a start up (moneyBookers) the site was awful back then and the concept was undefined. They seem to have made massive strides and now taking the billion dollar exit! I dropped neteller years ago and not using skrill at the moment. Will wait to see how this plays out. But not sure if this is a good thing for players who do use e-wallets exclusively. Less choice is never good long term!

    Personally i am happy going back to the way I used to do things when I first starting playing n loosing online. Depo/withdraws back to debit card / bank account.
     
  12. Mar 24, 2015
  13. fun4all

    fun4all Senior Member

    Occupation:
    .
    Location:
    .
    Thanks for the post OP, let us hope this does not go through.
     
  14. Mar 24, 2015
  15. randomiam

    randomiam Meister Member

    Occupation:
    n/a
    Location:
    australia
    i switched to skrill from ecocard higher limits faster cash to my acount and half the cost to rip out my cash at a atm i dont mind losing $12 when i rip out 300
    i had used netella but was not a fan i hope skrill stays as skrill
     
  16. Mar 24, 2015
  17. lotusch

    lotusch Noob Webby webby PABaccred mm2

    Occupation:
    Fraud & Underwriting Team VRP / YapStone
    Location:
    Dún Dealgan
    I use Skrill a lot and I am happy with them.
    I hope everything stays as it is,even IF Neteller would buy them.
    I have a VIP status,free prepaid Mastercard and cash back on made transactions and access to the VIP store where I can cash my points for cash or gifts.
    So no issues here with Skrill.
     
  18. Mar 24, 2015
  19. onkel

    onkel Experienced Member PABnonaccred

    Occupation:
    webmaster
    Location:
    Larnaca, Cyprus, Cyprus
    It's all great when your Skrill currency is the same as your country's currency. For me, who has USD and EUR Skrill accounts and SEK bank account, there is really no way to avoid getting screwed. Skrill forces me to make bank withdrawals in SEK, thus hitting me with a ~6% fx fee - had they sent the money in EUR or USD, the cost would've been about 0.5%, which is what my bank takes.
     
  20. Mar 24, 2015
  21. chuchu59

    chuchu59 gambling addict CAG PABnonaccred

    Occupation:
    EXECUTIVE
    Location:
    SOMEWHERE IN ASIA
    Skrill, formerly Moneybookers, treated me like dirt. In 2008 they announced that they no longer allowed Hong Kong players to use this e-wallet for online gaming. At that time I had some pending payments from various casinos and when I asked whether they can let these go through before prohibiting transactions in future they gave me the middle finger and as that time I did not have ecopay I just played everything back. At least with Neteller, they gave me a future date for prohibiting gaming transactions so I could do some planning.
     
    1 person likes this.
  22. Mar 24, 2015
  23. ugaboga

    ugaboga Casino Addict

    Occupation:
    Information Technology, Day Trader
    Location:
    Australia
    Yeah lots of alternatives out there. I used moneybookers but went back to neteller because of the debit card (moneybookers doesn't offer this option for Aussies).

    Skrill/Moneybookers customer service are very vague and slow to respond, I've experienced the opposite with Neteller, even though the phone support can be hard to understand at times.

    Ecopay is a great alternative, lots of casinos use them and more are adding ecopay to their payment options.
     
  24. Mar 24, 2015
  25. Bower50

    Bower50 Experienced Member

    Occupation:
    Retired
    Location:
    Canada
    Neteller is no longer a Canadian option.We'll probably lose Skrill if this takes place.
     
  26. Mar 24, 2015
  27. rshkrn

    rshkrn Senior Member

    Occupation:
    unemployed
    Location:
    Asia
    Hope this doesn't go thru, prefer skrill any day over neteller....
     
  28. Mar 26, 2015
  29. chayton

    chayton aka LooHoo CAG PABnonaccred webmeister

    Occupation:
    Freelance Designer
    Location:
    Edmonton Canada
    But Skrill stopped processing gambling transactions for Canadians in January of 2014. :confused:
     
  30. Mar 26, 2015
  31. kwblue

    kwblue Webmaster webmeister

    Occupation:
    Engineer
    Location:
    USA
    I'm afraid it looks to me like it is about as close to a done deal as possible: You must register/login in order to see the link.
     
  32. Mar 26, 2015
  33. Bower50

    Bower50 Experienced Member

    Occupation:
    Retired
    Location:
    Canada
    Sorry.I didn't know.I've been using Instadebit almost exclusively.
     
    1 person likes this.
  34. Mar 26, 2015
  35. paul7388

    paul7388 Meister Member MM

    Occupation:
    not a lot
    Location:
    glasgow scotland
    Neteller seems to be getting into everything now. Read that you can now or will soon be able to fund neteller using those bitcoin things.
     
    1 person likes this.
  36. Mar 26, 2015
  37. chayton

    chayton aka LooHoo CAG PABnonaccred webmeister

    Occupation:
    Freelance Designer
    Location:
    Edmonton Canada
    lol for a second I got paranoid that other Canucks could still use it, just not me! :p But yeah they pulled out awhile ago....

    I've been using my prepaid card, plus sometimes I'll use EcoCard, they'll send you a credit card to withdraw your money at ATMs, so that's kinda cool - although I believe they only let you fund it with a credit card, so that's a bit of a hassle, plus fees.
     
  38. Mar 26, 2015
  39. slotplayer

    slotplayer Senior Member webmeister

    Occupation:
    webmaster
    Location:
    USA
    When my accounts got hacked in 2008 the NeTeller Security guy was great. He phoned me, went through my computer with me to check various things to see if there was a breach.

    The MB people were absolutely awful.
     

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