Skrill Set To Exit Canadian Online Gaming Market

Online payment processor Skrill is to exit the Canadian online gaming market after confirming in an email to customers that it is to cease processing gambling payments in the country at the start of 2014.

The email stated that payments to gambling merchants would no longer be processed from January 2, while payments from merchants will be halted on January 31.

The firm said that it will be notifying active gamblers of the decision next week and will communicate this to its broader Canadian customer base.

Skrill advised customers to “liaise with appropriate departments within your business to communicate this development and to articulate any impact across your organisation”.

The processor said it had opted to pull out of the market after it had “reviewed its operations”.

Skrill did not make any further comment on its decision, but said it “remains committed” to partnering Canadian customers in order to support their future business plans.

(Photo: Skrill)

bitcoin
Bitcoin (BTC) $ 51,555.00 4.83%
ethereum
Ethereum (ETH) $ 1,737.71 5.39%
cardano
Cardano (ADA) $ 1.16 3.29%
binance-coin
Binance Coin (BNB) $ 238.58 5.02%
tether
Tether (USDT) $ 1.00 0.20%
polkadot
Polkadot (DOT) $ 35.13 4.07%
xrp
XRP (XRP) $ 0.470772 1.68%
uniswap
Uniswap (UNI) $ 33.76 13.36%
litecoin
Litecoin (LTC) $ 193.38 5.12%
chainlink
Chainlink (LINK) $ 28.80 1.00%
S&P 500  ^GSPC 
$3,841.94  $73.47  (1.95%)
Dow Jones Industrial Average  ^DJI 
$31,496.30  $572.20  (1.85%)
NASDAQ Composite  ^IXIC 
$12,920.15  $196.65  (1.55%)
Russell 2000  ^RUT 
$2,192.21  $45.29  (2.11%)
Crude Oil Apr 21  F*CL.NYM 
$67.82  $1.73  (2.62%)
   
$0.0000  $0.0000  (0.00%)