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Skrill iT

Thursday September 26,2013 : SAVE ON INTERNET GAMBLING TRANSFER FEES WITH SKRILL
 
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Transmission is immediate, which means the money is received instantly and can be transferred to a bank account or withdrawn from over 1.9 million ATMs around the world using a Skrill Prepaid MasterCard.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 :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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