Casino News

Paysafe Introduces Revamped iGaming Wallet for Ontarians

Leader in providing payment solutions, Paysafe, has now introduced a new and improved Skrill online wallet for online bettors in Ontario, Canada. This new version of the wallet has been specifically developed to meet the payment criteria for the needs of online gamblers, as it will allow Ontarians to instantly fund bets and cash out on winnings seamlessly.

Skrill’s enhanced wallet first debuted in the U.S. back in 2021 and is now available across all 26 American iGaming markets where Paysafe provides services to operators. The wallet has now been introduced in Ontario, which launched its own online gaming sector for third-party operators in April 2022 and is run by the Alcohol and Gaming Commission of Ontario.

New Wallet Available

With Paysafe 2023 now being available to operators in Ontario, it was revealed that 73% of Ontarian online sports betting have deposited at digital sportsbooks through an electronic wallet. But with the latest Skrill improvements operators will be offering better services to locally based clients who are already in favour of such digital wallets for the transactional security and speed.

After the integration, a streamlined registration process with Skill links Ontarian bettors’ bank accounts to the wallet, taking just seconds. Via this version, players can make deposits instantly but still securely into their iGaming accounts via bank transfer. They can also top up funds to the Skrill wallet using the Paysafecash eCash option while returning users can skip log-in with the ‘remember me’ option.

But in addition to that, users will also be able to enjoy a brand new and state-of-the-art user face with a seamless UX available across desktop, iOS and Android devices, which meets the needs of both casual players and high-roller sports bettors. Furthermore, with a tiled display, users have all the important information at hand, while also ensuring an uninterrupted depositing process.

Lastly, the cashing-out option with the new version is as simple as the deposit ones, with funds being available in players’ Skrill accounts in real-time. Meanwhile, winnings can be either spend online using Skrill at supporting merchants or by transferring the credits to players’ linked bank accounts. Making the experience much more pleasant for users.

Busy Market

Ontario’s market is rather new, but it is one of heavy volume, as per the latest reports from the province’s regulator, iGaming Ontario. In April the province issued its first-year recap on the market, disclosing over CA$35.6 billion in wagering handle and around CA$1.4 billion in revenue. Thus, placing the province’s iGaming sector among the top 5 in North America.

Due to the large number of active operators and websites, the Alcohol and Gaming Commission of Ontario is making sure to keep a close eye on the sector. Recently, it imposed monetary fines on three operators for allegedly breaching provincial Standards by offering uncertified slots. The three brands that were caught red-handed were ComeOn!, Conquestador, and Leo Vegas.

Source: “Paysafe launches upgraded Skrill digital wallet for iGaming in OntarioBusinessWire, May 10, 2023