New Paysafe Payment System for Ontarian Players

An updated version of Skrill has been announced by Paysafe which is great news for Canadian online gamblers and sports bettors considering Skrill is one of the most popular payment options among local players.

Both Paysafe and Skrill are very commonly found in the payment section of online casinos and sportsbooks which we have access to locally, famously praised for being super fast with the completion of transactions, especially Skrill.

This payment option has gained a lot of interest as it had made cash-out waiting time shorter than other mainstream payment methods.

While we are currently experiencing a takeover, almost, of Bitcoin and other cryptocurrencies in the igaming industry, many players still prefer using fiat currencies to play their favourite casino games.

It is absolutely essential for these virtual banks to stay up-to-date and offer the same efficiency and speed that is being discovered through the use of cryptocurrencies to their clients.

The updated payment system has just been launched and is already available to casino operators in Ontario.

Debuting as Paysafe 2023, this improvement in Skrill's payment technologies promises to offer improved services specifically for local audiences who according to statistics are the ones using Skrill's electronic wallet the most for their online gambling transactions.

One of the major improvements is concerning the speed of making deposits and withdrawals at online casinos using this payment service.

While the process of creating an account on Skrill is the same, where clients would need to connect their bank account and add their personal details to Skrill, the new system bypasses the necessity of having to redirect players to the online bank's website to complete their transactions.

Depositing is now an action that will happen instantly and directly if the players decide to use the new Paysafecash eCash system which allows the user to top up their Skrill account with funds from their main bank account.

The update is also boasting a new user-friendly design for navigation which can be accessed even while a deposit transaction is going through, without interrupting the process, whereas before the transaction interface could not be left or quit until the deposit was completed.

Withdrawals are also simpler now as this update has introduced instant cashouts, the same way they would work for crypto users. This is revelatory for fiat players in the igaming scene who would normally need to wait up to six business days for their withdrawals to go through.

Another thing that has been made easier for players is the fact that the new Skrill settings could allow for the cashout money to be directly transferred to the player's main bank account without them having to manually do it.

This renovation of the payment system has evidently really focused on making the technical part of gambling and sports betting online more plain sailing for the player while maintaining security and privacy.

What is Skrill?

Perhaps some of you are newer to the igaming scene, or perhaps, you have never used Skrill s a payment method and now that this update is available, you would like to make the switch.

This digital wallet was launched in 2011 and was instantly a big hit with online gamblers, providing a safer way of transferring funds to their online casino accounts without needing to give details for their private bank accounts and cards.

It is compatible with up to forty currencies globally and has been made available on practically every online gambling platform, especially here in Canada. Along with Interac, Skrill is the most popular payment method for Canadian online gamblers.

Skrill's system had already been updated once before in 2021, but the launch announced this week is a major step forward that has modernized the way online casino fiat transactions are being processed.