Alternatives to Skrill: Canada Casino Web Wallets

Best way to deposit with no more Skrill casinos Canada in 2020.

It wasn’t all that long ago that web wallets were the number one way to make a quick, easy, secure deposit at an online casino. Skrill was among the very first web wallets to service the iGaming industry, dating back to 2001 when the online payment processor was founded under the title Moneybookers. Its only rivals were Neteller and PayPal, and the latter was quick to drop out of the race the moment questions of legality arose.

As regulation spread, Neteller and Skrill became the top choices for online casino banking. Neteller got into hot water with the US around 2007, and Skrill (still Moneybookers at the time) shot up to the number one spot. Due to its low cost and reputed safety, Canadians came to rely on this internet gaming deposit option more heavily than any other. Then one day, out of the blue, the Skrill security blanket was swept from underneath us…

No More Skrill Casinos Canada

In 2015, Paysafe Group (then Optimal Payments, Plc), owner of Neteller, decided its flagship web wallet should no longer service Canada for the purpose of online gambling transactions – not because online gambling is illegal in Canada, but because the US market was becoming so volatile, Canada’s “grey area” legal status was just too questionable for comfort.

Not wanting to abandon its Canadian consumers entirely, the company acquired Skrill from Sentinel Group for €1.1 billion. The acquisition had no effect on Canada’s iGamers at that time, but two years later, Paysafe did it again. Skrill was yanked out of Canada; at least, for the purpose of internet gambling payments.

Since then, Canadians have scrambled to find new ways to move money in and out of their favorite online casinos. Some turned to eChecks and EFTs. Others have discovered the convenience of Interac. But there are those who still crave the security and assurance of a tried and true eWallet. For these iGamers, there is only one option remaining…

EcoPayz Alternate to Canada Casino Web Wallets

Online payment processors were once the king of the online casino landscape, but now, just one option remains available to Canadians. It’s an eWallet known as EcoPayz. If the name sounds familiar, it should. EcoPayz originated in 2000 as EcoCard, making it just as old as its former rivals.

EcoPayz parent company, PSI-Pay Ltd, has been regulated by the FCA since 2008, and began issuing cards as an official partner of MasterCard in 2009 – the same year it launched its very first EcoCard App for iPhone. As the company continued to expand and gain the trust of more and more consumers, PSI-Pay decided it was time for a rebranding in 2013. That’s when the EcoPayz name was revealed.

The following year, the EcoVirtualCard was released, along with an EcoAccount App, and an Online PIN for EcoCard. Before 2014 was out, the company accepted the award for ‘Best Prepaid Card Design’. 2015 gave birth to EcoVouchers, and in 2016, the online payment processor graced its members with a stronger, 2-step verification process to further ensure the safety and security of their clientele.

If you count yourself among the discerning Canadians who prefer the convenience and peace of mind web wallets bring to the iGaming community, EcoPayz is the clear choice. With no more Skrill casinos Canada players can depend on, EcoPayz is filling those shoes far better than anyone might have expected.