9 Oct

Exploring the Efficacy of Skrill Canada Casinos

Guide to Skrill Canada casinos, because the safety of your money matters.

Evolution of Online CasinosThe internet gambling business is thriving these days. It’s a global multi-billion dollar industry built upon the provision of basic entertainment needs. The human race in inherently drawn to the thrill of casino games; the exhilaration of evaluating risk verses reward.

For two decades, we’ve had access to online casinos. In the early days, the industry drew thousands of players, despite the dangers of low-grade security systems. Today, cutting-edge technology has provided a secure internet gaming environment that’s safer than ever before.

Millions of people all over the world are utilizing iGaming websites from their home on desktop and laptop computers, or on the go via smartphones and tablets. The global industry generated US-$44 billion in 2016, and is estimated to rise to US-$81 billion by 2022. But it’s not just lucky players, or casino, poker and sportsbook operators, who are profiting.

In order to play these games online, people have to move money in and out of their online gambling accounts. There are many payment methods to choose from, but they are not all created equal.

Only a few are worthy of the highest security ratings, and you’ll want to make sure you’re using one of them. At the same time, you don’t want to feel ripped off, paying exorbitant fees for the use of a top quality service.

The Right Payment Method, at The Right Price

Payments to Skrill Canada CasinosEqualizing cost and security is one of the important aspects for players. We want to know that our personal and financial information is as safe as it can possibly be. But we don’t want to pay top dollar for it.

This is where Skrill comes in. Skrill is an online payment processor, a.k.a. Web Wallet, or eWallet. It’s one of the oldest in existence, evolved from the original Moneybookers company that launched in 2001. By 2011 (the same years it was rebranded Skrill), the company had a customer base of 25 million strong.

Today, the eWallet hosts more than 156,000 merchant websites and over 36 million customer accounts. Skrill utilizes state-of-the-art security measures to operate in nearly 200 countries, processing payment in 40 currencies.

Skrill Canada Casinos

Although the Web Wallet originally launched in the UK, serving mostly local customers, it’s grown enormously over the years. North America is now one of its largest markets, especially in Canada, where hundreds of interactive gambling websites operate.

Skrill is a viable payment method at over 2,200 online gambling websites worldwide, including more than 550 that accept Canadian players. Suffice to say, there’s no shortage of opportunities for Canadas myriad gamblers. But you can’t assume that, just because a casino presents Skrill deposits and withdrawals, it’s a safe website to place your bets.

The ultimate security of Skrill does not carry over to all of its merchants. It’s the player’s job to do a little research in that department. How long has the operator been around? Is it regulated by a trusted jurisdiction (UK, Malta, Gibraltar, Isle of Man)? Are there any recent complaints from customers?

Combining a trusted casino operator with a superior payment service is the only way to ensure utmost safety and security.

Cost Associated with Skrill Payments

Opening a Skrill account is absolutely free. Once an account is open, some functions are free, while others may incur a small fee. Below is a complete, up-to-date (Oct. 2017) fee schedule for Skrill account holders.

Funding Your Skrill Account There are various ways to load funds into a Skrill account. It’s recommended to link your account to a Swift bank account. Transferring funds from your bank to Skrill is absolutely free. If you chose to fund your account via credit card, however, there will be a fee attached. These fees are charged by (and credit to) the credit card company, not Skrill.

Swift – Free

Visa – 1.9%

MasterCard – 2.5%

AmEx, Diners, JCB – 2.5%

Making Purchases / Deposits Free
Withdrawing Funds to Swift Bank Moving funds from your Skrill account back into your bank will incur a flat fee of CAD-$7.98.
Sending Money to another Skill Account To move money from one Skrill account to another—such as sending money to a friend—you’ll incur a fee of 1.9%, capped at CAD-$29.00.
Receiving Money from another Skrill Account Free
Currency Exchange Rate Pay attention to Canada casinos that require you to play in a different currency. For example, if you’re depositing in CAD, but wagers are placed in EUR, you may incur an exchange rate fee. The exchange rate fee is 3.99%.
Inactivity Fee An account holder with a positive balance that fails to use their account for 12 consecutive months will be charged a fee of EUR 3.00 (or current CAD equivalent) each month until the account becomes active again, or until the balance drops to $0.00.

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