Skrill & NETELLER Launch Brand New Crypto Promo & Expand Operations GloballyPublished March 24, 2022 by Brett C
On March 1, 2022, leading payment processing companies Skrill & NETELLER expanded their offerings by providing more cryptocurrency services to players. Users are privy to a 20% cash bonus crypto during the promotional period, and VIP Silver customers enjoy benefits (T&C apply).
Paysafe Expands Cryptocurrency Services
Back in July 2021, Paysafe group company Skrill established itself as a top-tier provider of cryptocurrency services and digital wallets. It added 20+ digital currencies and entered 11 new US markets (States and Territories). Now, clients using Skrill can process money transfers and transact in 20 new digital currencies.
The new digital currencies include Aave (AAVE), Ankr (ANKR), Balancer (BAL), Decentraland (MANA), Celo (CGLD), Curve (CRV), Compound (COMP), The Graph (GRT), Numeraire (NMR), NuCypher (NU), Loopring (LRC), Synthetix Network Token (SNX), UMA (UMA), Maker (MKR), SushiSwap (SUSHI), Storj (STORJ), Uniswap (UNI), SKALE (SKL), Polygon (MATIC) and Dogecoin (DOGE).
Skrill already features a digital wallet for its clientele, and the total number of cryptocurrencies available for users outside of the US is 35. This boosted integration is readily available within NETELLER's range of crypto services. Both Skrill and NETELLER are the proprietary digital wallets of Paysafe. When Skrill entered the lucrative US market in March 2021, it also launched a 'buy and sell' service for cryptocurrencies.
This ambitious undertaking kicked off in an additional 11 US states and territories. These include Pennsylvania, North Carolina, Massachusetts, Florida, and California. Now, 48 US states and territories can access these services by Skrill. This particular crypto payment processing solution was launched in 2018 and is growing steadily. The cryptocurrency offerings have added a bunch of new currencies, features, and functions. Today, customers can access this crypto service in almost 100 countries.
Skrill clients can easily convert one cryptocurrency to another using the payment processing platform. It's also possible to set up conditional or recurring orders based on price movements. Earlier in 2021, Skrill and NETELLER published research detailing that 28% of the existing 8000 customers believe that crypto was a good investment for the future. An additional 38% had already invested in crypto or purchased crypto. The senior vice president (SVP) of Paysafe, Consumer Digital Wallets, Rupinder Singh, said this,
''After a surge in overall activity in the industry, we're seeing more interest in cryptocurrency than ever from our digital wallet customers, both current and new. The potential for this service is growing all the time, and we want to continue to expand responsibly what we offer at the same rate by adding new functionality, enabling new currencies, and launching in new territories. In addition, we aim to make it even easier for consumers to get started in crypto using Skrill or NETELLER.''
Places where Customers can use BTC and Cryptocurrencies
In recent years, the widespread media attention garnered by cryptocurrency has made Bitcoin, Ethereum, Litecoin, and Ripple household names. An ever-increasing number of vendors, e-commerce platforms, online casinos, and individuals is taking to crypto. Businesses around the world are processing vast volumes of transactions using crypto. Statistics suggest that some 15,100 merchants globally accept payment in BTC (Bitcoin).
Fortunately for users, it's just as easy to send crypto as it is to receive crypto. Sending is just like spending – crypto is transferred from one person to another. All that is required is the receiver's address or the merchant's address. This is typically in a QR code or a string of characters. Once that is available, all it takes is a tap of the send button when the amount has been verified. In addition, customers can use Skrill's cryptocurrency wallets to track all transactions (incoming and outgoing) and ensure that balances are accurate.
Individuals and companies can use cryptocurrency for many different purposes. There are multiple use cases for crypto, including bookings at hotel and travel sites, in-store purchases, e-commerce platforms, online casinos, or person-to-person transfers. With Skrill, it's possible to develop your crypto portfolio with an easy-to-use online wallet that accommodates buying and selling of crypto in more than ten different currencies. When customers want to use crypto, many apps facilitate this at Skrill and NETELLER. These include a Bitcoin Cash Map, which indicates all land-based stores accepting crypto in your area. More specifically, customers can use crypto for the following purposes:
- Off-line locations – many land-based places don't currently use cryptocurrencies, but several do. One way to find them is the Coinmap website.
- Gift cards – Many e-commerce platforms allow customers to use Bitcoin and other digital currencies to buy gift cards.
- Charitable causes – many NGOs currently accept Bitcoin, including Save the Children. A quick Google search confirms which charities accept crypto donations.
- Travel and tourism – Bitcoin is increasingly accepted as a viable payment method for many travel and tourism websites. You can book flights with ticketing companies using BTC or even go on an outer space adventure with Virgin Galactic.
- Movies and games – game players can deposit crypto into Microsoft accounts for purchasing games, apps, or movies. Many online gaming locations accept Bitcoin, and a growing number of online casinos accept legal-age players using crypto.
- Dining out – many fast food places now accommodate customers using Bitcoin. Others like to buy gift cards with crypto so that you can use them in-store or online.
Paysafe Specials for Crypto Clients – Benefits for Skrill & NETELLER Clients
When registered clients at Paysafe participate in the recently launched crypto promotion, they will receive a 20% cash bonus on crypto buy & sell fees. These are paid regularly. Plus, VIP Silver account holders benefit too when transacting crypto valued at €5000 on Skrill and $6000 using NETELLER's crypto wallets. Kindly see details of accepted countries for Skrill and NETELLER. Unfortunately, the UK market is excluded from this promotion due to regulatory requirements. However, the actual crypto services are available to UK residents. This service is available in the following countries (Skrill & NETELLER):
Albania, Andorra, Argentina, Armenia, Australia, Austria, Azerbaijan, Bahamas, Belarus, Belgium, Bosnia and Herzegovina, Brazil, British Virgin Islands, Bulgaria, Burkina Faso, Canada, Chile, Colombia, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Dominican Republic, Estonia, Finland, France, Georgia, Ghana, Gibraltar, Greece, Guernsey, Hong Kong, Hungary, Iceland, Indonesia, Ireland Isle of Man, Israel, Italy, Kenya, Korea (South), Latvia, Liechtenstein, Lithuania, Luxembourg, Macedonia, Malaysia, Maldives, Malta, Mauritius, Mexico, Moldova, Montenegro, Netherlands, New Zealand, Nigeria, Norway, Paraguay, Peru, Philippines, Poland, Portugal, Romania, Serbia, Seychelles, Singapore, Slovakia, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Thailand, Tunisia, Turkey, UAE, Ukraine, Uruguay, Vietnam.
Only for Skrill: Uzbekistan, Kazakhstan
The promotion kicked off on Tuesday, March 1, 2022, and is an ongoing promotional offer.
About Skrill & NETELLER
Skrill is a market-leading digital payments provider. It was established in 2001 to create a global payments solution for personal and business purposes. Skrill facilitates buying goods and services online, sending money to friends or family members, and meeting the needs of companies the world over. Skrill USA, Inc is the official company name of Skrill. Paysafe Ltd has no equity ownership in this company.
NETELLER is powered by Paysafe. This global money transfer service was founded in 1999 in Canada. It relocated to the Isle of Man in the UK in 2004. NETELLER is fully regulated by the FCA (Financial Conduct Authority) in the UK. Clients can send money to a bank account abroad using NETELLER without transfer fees. This payment service delivers rapid and secure online payments instantly. Currently, NETELLER processes payments from Boku, Paysafecard, iDeal, Maestro, OXXO, CartaSi, MasterCard, and VISA.