Skrill Purchases Ukash in Yet Another Bold Move

December 4, 2014 by

Skrill Purchases UkashThe payment processing side of the online casino industry is often ignored by players in favor of new game releases, popular promotions and news of big winners. Some recent events may change that for a while as Skrill purchases Ukash and grows to a whole new level. They have been saying for almost 15 years that they have planned on being the biggest payment provider in the history of the industry, and they are dangerously close to completing that goal now that they have purchased Ukash in an effort to make Paysafecard (which they also own) a premier service as well.

Skrill Purchases Ukash at the Right Time

The thing about the online payment processing industry is that your profits are directly related to the size of your reach. When they buy up Ukash, this shows that they are thinking long-term and looking to stretch their reach more and more with each year. It also shows that they are taking the long-term growth of their Paysafecard option very seriously because it was a direct competitor to Ukash. While there are some differences between the two, they offer what’s essentially the same kind of secure payment service.

Thinking to the Future

The reality of the situation is that Skrill isn’t a viable option in some major markets including the United States. They are primarily popular in European markets, and for them to continue their current rate of growth, they’re going to have to expand to new places because they’ve taken over just about every part of the online gambling payment industry that they can in the areas they’re available.

With online gambling options expanding in the United States at a slow but steady rate, Skrill is definitely looking at these markets as an opportunity to grow. Along these lines, it will not be very surprising to see Ukash and/or Paysafecard available in emerging jurisdictions in the US inside of the next few years.

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