Canadian online casinos offer an alternative payment system called Skrill, which was earlier known as Moneybookers. Its name was changed when the company expanded its operations and services.

Skrill is an electronic or e-wallet and is like a virtual bank account. Opening an account is easy; you just need to follow a simple procedure on their website. On opening your account, you can have your funds transferred through your regular bank account, a credit card or from another online source. These funds can be used for making online casino deposits, and for making payments to other online merchants.

There are two advantages to Canadian players using Skrill for depositing at online casinos. The first is that your credit card or bank account details remain only with Skrill, and not with the various online casinos you play at. The second advantage is your being able to withdraw your winnings to your Skrill account.

The Financial Conduct Authority regulates Skrill, which has to comply with all the stringent conditions set by the financial regulatory authority. Skrill has sufficient liquidity for covering all deposits made with it, which means you will not have problems withdrawing funds anytime.

To ensure all financial transactions are conducted in a secure environment, Skrill makes use of the latest security protocols. Besides being an electronic wallet, Skrill also offers prepaid cards with MasterCard.

Making deposits with Skrill

To make deposits to your Canadian online casino using Skrill, you need to first select it at the payment option while registering at the site. Once you log in, you need to access the cashier, click on the Skrill icon and give the amount you plan to deposit.

If you have not opened a Skrill account, you can easily open one within the casino client. If you have an account, just enter your email address and Skill password. Then click deposit and confirm to have the funds instantly credited to your online casino account. Next, check the minimum and maximum deposit limits at your online casino’s banking page.

Making withdrawals with Skrill

Making withdrawals is similar to making deposits at Skill. The processing time for withdrawals is a maximum of 2 days. Just ensure the withdrawal is made from your cash, and not deposit balance. Skrill’s minimum and maximum withdrawal limits are provided on the online casino’s website, and are linked to your VIP status at most Canadian online casinos.

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