Payments Fintech Paysafe Introduces Upgraded Skrill Digital Wallet for Ontario Clients

Paysafe (NYSE: PSFE), a payments platform, recently announced the launch of its revamped Skrill digital wallet for online gaming in the Canadian province of Ontario.

Developed specifically to meet the payment preferences of iGaming players, the upgraded Skrill wallet allows Ontarians “to instantly fund wagers and effortlessly cash-out winnings while enjoying a streamlined and intuitive user experience (UX).”

Launched in the U.S. in 2021 and available across all 26 American iGaming jurisdictions where Paysafe supports operators, the upgraded Skrill wallet is now “live in Ontario, Canada’s most populated province (14.6m residents) which launched an expanded market for private operators in April 2022.”

With Paysafe’s 2023 All the ways players pay research revealing that 73% of Ontarian online sports bettors have deposited at sportsbooks using a digital wallet, the latest Skrill innovations will allow operators “to better serve these customers, who favour wallets for their transactional security and speed.”

Now, after a streamlined registration process “with Skrill that links Ontarians’ bank accounts to the wallet and takes just seconds, players can use Skrill to deposit instantly yet securely into sportsbook accounts via online bank transfer.”

Alternatively, online players can “load funds to their Skrill wallet balance using the Paysafecash eCash solution.”

For returning Skrill users, the redeposit process is “even more rapid, skipping log-in (when ‘remember me’ is activated) to deposit with a single click.”

Ontarians will also enjoy the wallet’s ‘look and feel’, “with Skrill boasting a seamless UX across desktop, iOS and Android apps that meets the transactional expectations of casual players to high-stakes VIP sports bettors moving money across multiple sportsbooks.”

Through a ‘tiled’ display, all the info a player needs is “centralized, ensuring an uninterrupted depositing process.”

Cashing-out is just as simple, “with funds accessible in players’ Skrill accounts in real time.”

Winnings can either be “spent online using Skrill at supporting merchants or transferred to players’ linked bank accounts.”

Zak Cutler, President of Global Gaming at Paysafe, said:

“Since we first rolled-out the new Skrill in the U.S. 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.”

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