For any online gambler, a secure way to complete each casino payment is paramount. Without quick and convenient payout options, gaming for real money becomes difficult. As a result, several companies have launched banking methods that label themselves as the best.
Among the most popular, yet, is the Skrill wallet. Owned by the Paysafe Group, it has recently undergone a significant revamp tailored for online casinos. Just as LeafletCasino experts researched the casino payment method Paysafecard, they’ve done the same with Skrill. The service now offers faster and safer transactions with efficient payment mechanisms implemented. Let’s assess what prompted the change and how it’ll alter your gaming experience.
In this article
Skrill and its Popularity in Online Casinos
Both Canadian and American iGaming players have long relied on Skrill. The e-wallet was created in 2011 and joined the Paysafe Group in 2015. Paysafe is a commander in payment service providers. It serves consumers and merchants in various global sectors. The company boasts 20+ years of experience in payment processing with other products like Paysafecash eCash and Paysafecard.
By adding Skrill to its catalog, the company has cemented itself as an industry leader. While the primary goal of Skrill was always money transfer, it has become a prominent digital wallet for online payments. The service also gives users a prepaid card which is quite convenient. However, a lot of players choose Skrill casinos in Canada for their reliability, low transfer fees, and accessibility. Skrill supports various currencies, including CAD, USD, GBP, and EUR in several countries. And it’s an established global payment method for gamers and sports bettors alike. Even if no other e-wallet is supported, Skrill might be.
Some advantages of using Skrill accounts for online gaming include:
- It’s very secure and is regulated by the Financial Conduct Authority.
- The service offers a prepaid card for depositing and withdrawing payments quickly. It’s also usable at ATMs.
- The service supports many devices, so managing your funds is always possible.
- The wallet supports crypto transactions.
- The transaction fees remain very competitive.
Reasons for Revamping
Paysafe researched how players pay for their online gambling needs. The results showed secure transactions and quick payouts as the leading factor among gamers regarding platform selection. Over 2,000 sports bettors were surveyed in six US states, Ontario, Canada, and the UK. The primary findings shed some light on why the wallet was updated:
- 36% of gamblers prioritized quick and easy withdrawals when considering sportsbooks.
- 34% found payouts to be more crucial compared to brand trust.
- 28% thought payouts held higher significance against odds and promotions.
- 27% of bettors decided based on whether their preferred payment methods were available.
- Frictionless transactions were prioritized by 43% in Michigan, 39% in the UK, and 35% in Ontario.
- A massive 75% cited their payment experience as the reason for staying with a sportsbook. The number was higher in New York, at 85%.
- 28% of players prefer digital wallets to fulfill their payment requirements. On the contrary, 25% prefer credit cards.
Based on these points, it’s clear that an increasing number of gamers require a stable, reliable, and quick option for transactions. That’s why Paysafe Group decided to upgrade their Skrill wallet, citing improved user experience and instant payments.
The wallet launched in 2021 in the US and has been successful, according to Zak Cutler, Paysafe’s president of global gaming. Since Ontario enjoys a massive gambling market, the wallet should see widespread adoption here too.
Skrill Wallet Update for iGaming
The latest Skrill accounts went live in Ontario in May of 2023. The news came following Paysafe’s Business Development VP for North America, Greg Kirstein’s, announcement earlier in the year. The updated wallet is now usable on sportsbook accounts in Ontario that support Skrill. The primary change relates to the ease of transactions for gamblers in various ways.
Streamlined Registration
Ontarians will be able to register for an account quicker than before. Skrill was always quick to operate, but now users connect their e-wallet and bank account in mere seconds. One reason for e-wallets being more popular compared to bank accounts is the easier sign-up process.
Instant Top-Ups
Deposits now work instantly. Gamers may utilize online bank transfers to securely deposit funds or use the Paysafecash eCash service to top up the Skrill balance. Sending money to one’s casino wallet takes only a few moments afterward.
Effortless Payouts
While deposits were always quick at online casino sites, withdrawals were not. The evolved Skrill app allows for quick payouts too, thanks to real-time financial accessibility. Players spend winnings at online merchants or send them directly to a bank account. This offers a streamlined experience, aiding with better financial management.
Fresh and Intuitive Interface
An updated design will welcome online sports bettors. The user experience (UX) is now consistent across all devices. Whether you’re accessing Skrill on a desktop or a smartphone, the interface remains the same. This means that crucial statistics are easily accessible without the need to navigate through menus or search for hidden options to find basic information.
The enhanced wallet is nothing short of revolutionary, all thanks to these changes. All previous data is seamlessly migrated to the revamped app, granting users the transactional speed and security featured in the latest release. If you’ve used the app before, this iteration will feel like a breath of fresh air.
To Sum Up
In summary, the iGaming sector is experiencing rapid growth, with new gambling sites drawing in more users. While there have been improvements, there’s still room for further development. Around 30% of players are yet to determine their confidence in casino transactions. The Paysafe Group’s focus on the iGaming industry with the Skrill update aims to boost confidence. Over time, it’s expected that more Ontarians will embrace the e-wallet for various financial needs, contributing to an overall safer gaming experience.
