Skrill Banking at Online Casinos in Canada
Note: As of May 2020, Skrill is no longer available as a banking method for Canadian players. But don’t worry, we’ve got you covered with plenty of other options! Visit our Safe Casino Banking Options page for all the information you need on alternative safe banking options at our online casinos.
When you read reviews of online casinos, you’ll often hear mention of Skrill. Formerly known as Moneybookers, Skrill is a popular eWallet for casino players living in Canada. They help protect your deposits and withdrawals with their secure wallet service. Furthermore, this banking method is a web wallet that gives you the flexibility to access your winnings at online casinos all over the world.
Why Use Skrill?
The benefits of using Skrill in Canada are endless, but the main reason is because it’s secure, convenient and easy to use. You are offered over 100 payment options, and given the option to buy cryptocurrencies like Bitcoin. This allows you to add funds and take them out in a way that’s convenient to you.
A Brief History of Skrill
Established in 2001 as Moneybookers, they were bought by Investcorp Technology Partners in 2007. In 2009, they were linked with eBay and began their rebranding as Skrill in 2010.
Just two years later they launched Skrill-1 Tap; a single-click payment platform favouring mobile transaction. Within the next year, 2013, Skrill acquired Paysafecard and became the preferred solution for all online payments. Another big acquisition was when the company acquired Ukash; this led to their enhancement in Europe’s internet pay-as-you-go market.
Today, Skrill is trusted and used around the world for an array of internet payments. When it comes to online casinos banking methods in the US, Skrill ranks highly. In fact, the state of New Jersey only permits Skrill as an eWallet service for gambling-related funds.
How Does Skrill Work in Canada?
Using Skrill is a pretty simple process:
- Open a Skrill account – Opening one is free and simple; the only details required are your name and address.
- Fund it – Once you open your account you can begin to use it immediately; you can fund it via bank transfer or credit cards.
- Request withdrawals – Move your winnings from your Skrill account to your bank with convenience and confidence, instantly!
Currencies Accepted By Skrill (Fiat & Crypto)
As a widely used wallet service and payment processor, even if you don’t live in Canada, Skrill allows you to bank with a wide range of methods. In particular:
But what about Bitcoin, or Ethereum? Well, you can use your Skrill account for that too:
As mentioned in the video, with Skrill, you are able to convert your money to cryptocurrency quite easily. They get their exchange rates from Coinbase which gets updates every 5 seconds. At the moment, Skrill users are able to buy and sell Bitcoin (BTC), EOS, Ethereum (ETH), Ethereum Classic (ETC), Bitcoin Cash (BCH), Litecoin (LTC), XLM, XRP and 0x (ZRX).
Secure Banking with Skrill
In terms of security, Skrill offers the highest industry standards for card payments (PCI-DSS Level 1) when playing using your desktop PC or at a mobile casino.
Also known as Payment Card Industry Data Security Standard, this is an information security standard for companies that handle credit cards. Level 1 means that the company processes over 6 million transactions annually.
This means that encryption and data protection is the highest priority, according to the expert guidelines that give Skrill a high rating. Skrill is one of the easiest payment methods for deposits and withdrawals at internet casinos shortlisted by Maple Casino. Do not lose any time and start playing your favourite casino games now!
Benefits and Tips
One of the biggest benefits of using Skrill is that your information both financial and personnel are kept private. Not only are transactions instant, but they are also available in multiple currencies.
While the company boasts multiple currencies, we advise that you confirm your currency is on the list before you proceed. We also recommend you double check with your online casino of choice if they accept Skrill as both a deposit and withdrawal option.
If you’d like to find out which of our online casinos accept Skrill, then read reviews of our different recommended establishments.