Skrill Casino Banking in Canada: The Secret to Safer Transactions

When you read reviews of internet casinos, you’ll often hear mention of Skrill. Formerly known as Moneybookers, Skrill is a popular eWallet for casino players. 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 casinos all over the world.

The benefits of using Skrill 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.

One of the biggest benefits of using Skrill is that your information both financial and personal 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 a casino of choice if they accept Skrill as both a deposit and withdrawal option.

 

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 casino 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?

Using Skrill is a pretty simple process:

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:

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.

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 Casino Magnus. Do not lose any time and start playing your favourite casino games now!

When it comes to using your credit card for gambling online, your card company may impose a ‘cash advance’ fee. This fee is typically higher than the regular transaction fee and is charged when you use your credit card to obtain cash or cash equivalents, such as chips, at a casino.

Since Skrill has no control over this fee, it’s important to check with your credit card provider beforehand to understand the specific fees and terms associated with using your credit card for online gambling.

Here are the rest of the deposit fees that you may encounter when using Skrill for online gambling: