Paysafe’s innovative ‘Pay by Bank’ service transforms the US iGaming industry, providing bettors with instant, secure bank transfers.
Paysafe’s unveiled a groundbreaking service, ‘Pay by Bank,’ tailored for the iGaming sector. This strategic move promises to enrich the payment experience for online bettors across the United States.
‘Pay by Bank’ empowers players to swiftly deposit funds at online sportsbooks, leveraging their online banking. This service broadens the scope of Paysafe’s Gateway, a comprehensive iGaming payment platform that bridges US operators with diverse payment avenues.
The introduction of ‘Pay by Bank’ is a direct response to the surging demand among US players for more varied payment options.
Operators can now satisfy the preferences of the 27% of bettors who favor bank transfers, as revealed by Paysafe’s research.
New users can effortlessly link their checking or savings accounts, enabling real-time account funding. Regular bettors enjoy the convenience of one-click payments from their connected accounts.
The process of withdrawing winnings is designed to be seamless, with ‘Pay by Bank’ streamlining payouts directly to bettors’ bank accounts.
For operators, ‘Pay by Bank’ transactions come with indemnification, mitigating the risk of defaulted deposits.
Zak Cutler, President of Global Gaming at Paysafe, expressed his enthusiasm: “The launch of our ‘Pay by Bank’ product marks a significant milestone for our iGaming solution. It’s poised to be highly effective in attracting and retaining US players, thanks to its swift transactions and stringent security measures.”
“By integrating ‘Pay by Bank,’ we continue to enhance the Paysafe Gateway, offering American operators and their patrons an unmatched array of payment options through a single integration,” Cutler added.
In a recent development, Paysafe has also partnered with Fanatics Sportsbook, further expanding its influence in the iGaming sphere.
