You may not assign or transfer your Skrill Account to a third party or otherwise grant any third party a legal or equitable interest over it.ģ.7. Your Skrill Account may be subject to upload, payment and withdrawal limits, depending on your country of residence, the verification status of your Skrill Account and other factors used by us to determine such limits from time to time at our sole discretion.Ĥ.1. In order to use our payment services you must first open a Skrill Account by registering your details on our Website. No person other than the Skrill Account holder has any rights in relation to the funds held in a Skrill Account, except in cases of succession. However, the European Electronic Money Directive 2009/110/EC and UK national legislation apply to us and these are designed to ensure the safety and liquidity of funds deposited in electronic money accounts.ģ.6. The electronic money on a Skrill Account belongs to the person or legal entity which is registered as the Skrill Account holder. In the unlikely event that we become insolvent, you may lose the electronic money held in your Skrill Account. By accepting these Terms of Use you acknowledge that the UK’s Financial Services Compensation Scheme (FSCS) does not apply to your Skrill Account. You can choose the method of withdrawal when submitting your withdrawal request.ģ.5. Electronic money accounts are not bank accounts. The funds on your Skrill Account must be sufficient to cover the minimum withdrawal amount and any applicable withdrawal fee. However, you may be required to confirm your identity beforehand. This will remain the currency of your Skrill Account for the duration of your agreement with us.ģ.3. Subject to section 7, the electronic money held on your Skrill Account does not expire but it will not earn any interest.ģ.4. You have the right to withdraw funds from your Skrill Account at any time. In the event of any conflict between the additional terms and conditions and these Terms of Use, the former shall come first.ģ.1. Your Skrill Account is an electronic money account which enables you to send and receive electronic payments.ģ.2. Your Skrill Account is denominated in a currency of your choice, as selected by you from the currencies Skrill makes available from time to time. You can always view the current Terms of Use on our Website.Ģ.2. Depending on the type of Skrill Account you have, additional terms and conditions may apply as communicated to you at the appropriate time. You are advised to print or download and keep a copy of these Terms of Use for future reference. For the use of additional services you may have to accept additional terms and conditions as notified to you when you are ordering or using such services. Together with any other terms and conditions referred to in these Terms of Use, they constitute the agreement between you and us. Our FCA e-money register number is 900001.Ģ.1. These Terms of Use govern the opening, use and closure of your Skrill Account and other related payment services as referred to herein. We are authorised by the Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011 for the issuance of electronic money. 1.1. Skrill ® is a trading name of Skrill Limited, a company incorporated under the laws of England and Wales with registration number 4260907.
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