Conotoxia Adds Skrill as a Payment Method

Conotoxia Holdings, an operator of Cinkciarz.pl and a few other Conotoxia brands, announced on Tuesday that Skrill is now available as a payment method for its users at Conotoxia.com and Conotoxia Pay offers, among others. According to the official blog post, customers can fund their Forex accounts held at the Conotoxia platform, order currency exchange transactions, or even pay via Conotoxia Pay by topping up their accounts with Skrill.

That said, users should open an account with Skrill to gather access to the features available with the new payment solution on the platform. “The new payment method at Conotoxia.com and the fintech’s own payment system, Conotoxia Pay stands out primarily because of its security: chargeback protection and the highest standards in fraud prevention and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term. For Conotoxia users accustomed to multi-currency services, it is also important to manage the most popular currencies within their Skrill account,” the firm noted.

Apart from offering Skrill, Conotoxia, whose payment services are licensed and supervised under the Polish Financial Supervision Authority, has other payment methods, including the fintech currency wallet, Google Pay, Apple Pay, PayPal, credit cards, debit cards, bank transfers, and online transfers Pay-By-Link, Trustly, Klarna, Union Pay, Visa Checkout, EPS, iDEAL and POLi. In turn, those paying via Conotoxia Pay can use Google Pay, PayPal, Visa and MasterCard, online transfers Pay-By-Link, Trustly, UnionPay, iDEAL and POLi.

Becoming a Public Company?

Early this year, the holding company announced its intentions to become a public company after ending 2020 with an exceptional surge in revenue. The group company’s business spans over a wide range of services, including currency exchange, money transfer, forex cards and even Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, and it saw a surge in demand across all divisions.

Conotoxia Holdings recorded a turnover of $6.44 billion from currency exchange transactions, which is 30% more than the figures achieved in 2019 and 54% higher than 2018.

Though its base remains in Poland, the company is expanding into Europe.