Paysafe Launches Upgraded Skrill Digital Wallet for iGaming in Ontario

Paysafe (NYSE: PSFE), a leading payments platform, has announced the launch of its revamped Skrill digital wallet tailored for online betting in Ontario, Canada’s most populous province. Specifically designed to meet the payment preferences of iGaming players, the upgraded Skrill wallet allows users in Ontario to fund bets instantly and cash out winnings effortlessly, offering a smooth and intuitive user experience.

Initially launched in the U.S. in 2021, the upgraded Skrill wallet is available in all 26 American iGaming jurisdictions where Paysafe supports operators. With Ontario’s expanded iGaming market opening for private operators in April 2022, Skrill has now entered this key market of 14.2 million residents. According to Paysafe’s 2023 All the ways players payresearch, 73% of Ontarian online sports bettors have used digital wallets to deposit at sportsbooks, favoring them for their transactional security and speed. Skrill’s latest innovations are designed to enhance the betting experience for this audience.

Ontarians can now register quickly with Skrill by linking their bank accounts, a process that takes just seconds. Once linked, players can securely deposit funds into their sportsbook accounts through online bank transfers. Alternatively, users can load their Skrill wallet balance using the Paysafecash eCash solution. Returning Skrill users benefit from an even faster redeposit process, bypassing the need to log in when the 'remember me' option is activated, allowing for instant deposits with just a single click.

Skrill also offers a state-of-the-art user experience (UX) across desktop, iOS, and Android platforms, meeting the needs of both casual players and high-stakes VIP bettors. The wallet features a streamlined, tiled interface that centralizes all necessary information, ensuring a smooth and uninterrupted depositing process.

Cashing out is equally simple, with funds appearing in Skrill accounts in real time. Players can either spend their winnings online with supporting merchants or transfer them directly to their linked bank accounts.

Zak Cutler, President of Global Gaming at Paysafe, expressed enthusiasm for the Ontario launch, stating, “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."