There is good news for iGaming enthusiasts in Ontario with the introduction of Paysafe’s Skrill online wallet as a banking solution. This new development means that players can deposit and withdraw money instantly, making for a simpler playing experience.
Zak Cutler, Paysafe President of Global Gaming, spoke about the opportunities the development presents in the recently fully regulated Ontario online gambling market. He said that the new Skrill that Paysafe has developed since it took over the online wallet provider is already popular in the United States (US). He continued that he believes it will be equally warmly welcomed in Ontario. Both iGaming providers and players will relish the introduction of this new payment method.
Skrill appeals to players in the newly regulated Ontario online gambling market
The regulated online sports betting and iGaming market went live in Ontario in April 2022. The province is the first one in Canada to provide a full legal iGaming landscape to its residents, and the regulation has been popular.
Since the launch of the legal market, more than 1.6 million active player accounts have been registered in Ontario. These accounts are registered at websites run by more than 40 providers that operate in the legal iGaming industry in Ontario.
According to a report by iGaming Ontario, the industry achieved revenues of $1.4 billion in its first year after receiving around $35.6 billion in wagers from players. These returns are impressive for the regulated market’s first year, and money going into the local economy can only be helpful to Ontario’s resilient economic outlook, which is good news for the province.
Behind the billion-dollar figures are individual iGaming fans who look for a safe and simple playing experience. Skrill will likely become a major part of this experience following its launch in the province.
The advantages of using the Skrill digital wallet
The Skrill digital wallet that has just launched in Ontario can be linked to a bank account. For people who play at Ontario licensed casinos this means they can deposit instantly, and they do not have to provide bank details to the website. They simply deposit using their Skrill account and, in most cases, can withdraw winnings in the same way.
A Skrill account is easy to sign up for, and once a person has an account, they can use it to deposit money to play at iGaming sites with a single click. For ease of use, people can also load funds to their Skrill account if they choose to. This can be done using Paysafe’s eCash solution Paysafecash.
It remains to be seen how well the new Skrill payment solution will be received by players in Ontario. However, it’s already popular in the US, where it’s available in 26 iGaming jurisdictions. Given this popularity south of the border and the health of the regulated online iGaming market in Ontario, it seems likely that Skrill will become popular with players in the province.
