Skrill (Moneybookers) to Cease Operations in Canada
One of the preferred ewallets for Canadian online gamblers will be ceasing to service the Canadian market effective January 2nd, 2014. Skrill aka Moneybookers have not cited any official reasons for the closure but it is speculated that it may have something to do with the company’s intentions to pursue the newly regulated internet gambling markets in the United States where they have already been approved as a payment provider in New Jersey.
The payment method has been widely used in Canada to facilitate gaming payments where credit cards are being declined due to the fact that many Canadian banks process through American banking channels where credit card payments for internet gaming are being declined by the issuing banks due to the blocking of the 7995 credit card code that was blocked post UIEGA in the United States.
In 2007, the most popular gaming ewallet at the time, Neteller, pulled out of Canada as well, however, the company was headquartered in Canada.
Skrill is based out of the United Kingdom and has millions of customers worldwide.