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Skrill iT

Skrill iT is a new service designed to cut money transfer fees in half.
Online gambling fans using the Skrill e-cash processing service will be pleased to hear about a new product titled Skrill iT, a service that has been designed to cut money transfer fees in half.
Skrill iT will be accessible in more than 200 countries to senders and receivers, with money transfers available in 40 different currencies, and users requiring only an email address to transmit funds securely via the internet.
Transmission is immediate, which means the money is received instantly and can be transferred to a bank account or withdrawn from over 1.9 million ATMs around the world using a Skrill Prepaid MasterCard.
The World Bank has predicated the global remittance market will be worth around $608 billion (Euro 456 billion) by 2014 – with $468 billion flowing into developing countries.
The World Bank has also set a goal for global money transfer costs, which currently average at 9 percent, to be reduced – something a Skrill statement said the company is committed to doing.
Skrill's VP of electronic remittances, Jonathan Wood, says that money transfer represents a crucial lifeline for millions, yet until now, the process has been more reminiscent of the previous century, and not the current digital age.
“Skrill iT significantly cuts the current cost of money transfer," Wood claims. "Skrill iT means customers can send money instantly and globally for just 1 percent (capped at a Euro 10 maximum fee) plus a FX fee ranging from 2.99 percent for the major currencies through to no more than 4.99 percent for even the smallest of currencies.
“As a result, fees are cut by up to half compared to the current average of 9 percent.”
The private equity group CVC Capital Partners acquired Skrill (formerly Moneybookers) last month

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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