Paysafe launches upgraded Skrill digital wallet for iGaming in Ontario
May 10 2023 - 3:00AM
Business Wire
Online sportsbooks in Canadian province can now offer players
the iGaming-tailored wallet with instant payments and enhanced
UX
Paysafe (NYSE: PSFE), a leading payments platform, today
announced the launch of its revamped Skrill digital wallet for
online betting 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 (14.2m 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 bettors 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 state-of-the-art ‘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.”
About Paysafe
Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading
payments platform with an extensive track record of serving
merchants and consumers in the global entertainment sectors. Its
core purpose is to enable businesses and consumers to connect and
transact seamlessly through industry-leading capabilities in
payment processing, digital wallet, and online cash solutions. With
25 years of online payment experience, an annualized transactional
volume of over $130 billion in 2022, and approximately 3,300
employees located in 12+ countries, Paysafe connects businesses and
consumers across more than 250 payment types in over 40 currencies
around the world. Delivered through an integrated platform, Paysafe
solutions are geared toward mobile-initiated transactions,
real-time analytics and the convergence between brick-and-mortar
and online payments. Further information is available at
www.paysafe.com.
About Paysafe iGaming
Paysafe brings over two decades of specialized payments
experience supporting the global iGaming and sports-betting sectors
and provides operators with a comprehensive suite of traditional
and alternative payment methods through a single, streamlined API
integration. Paysafe is also a leader in digital and affiliate
marketing technology and services for iGaming operators through its
Income Access business unit.
Since the opening-up of the U.S. iGaming market in May 2018,
Paysafe has consistently stated its ambitions to be the payments
leader in the fast-growing sector, building on its leadership in
Canada and Europe. As of May 10th, 2023, the company supports 75%
of operators in the country with payments or marketing solutions
across 26 jurisdictions. In Canada, Paysafe also has a leading
position and partners with the majority of regulated iLottery and
gaming brands.
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version on businesswire.com: https://www.businesswire.com/news/home/20230510005161/en/
For further information about Paysafe: The Paysafe Press Office
via PR@Paysafe.com
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