Paysafe’s Skrill digital wallet goes live in Ontario

May 10, 2023
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Players throughout the province can link personal bank accounts to their online sportsbook accounts.

Payments platform Paysafe has released its recently revamped Skrill digital wallet within the Canadian province of Ontario. Players can utilize Skrill for online betting, and 'immediate access' to winnings and instant wagers.

The digital wallet can link to players’ bank accounts and takes minimal time to set up. Online bettors can cash out in real-time using the Skrill wallet, and can make quick and easy deposits from their online bank into their sportsbook accounts.

Through Skrill, players do not need to log in to redeposit funds and can process those transactions with a single click. Players also have the option of loadings funds to their Skrill wallet by using Paysafe’s eCash solution, Paysafecash.

Paysafe developed its Skrill wallet aiming to meet iGaming player payment preferences. The Skrill brand first launched in 2021 and is currently available in 26 US iGaming jurisdictions.

Paysafe President of Global Gaming Zak Cutler discussed the company’s entrance into the US and said the company is pleased to extend its reach into Ontario, Canada.

He commented: “Since we first rolle -out the new Skrill in the US two years ago, we feel it’s been a game changer for the payments experience of American players.

“We expect the upgraded wallet to be just as well received north of the border, with Skrill giving Ontarian operators a competitive edge when it comes to acquiring and retaining their customers.”

The Ontario regulated sports betting and online gaming market went live last April and is the first Canadian province to offer fully legal iGaming to its residents.

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