Paysafe debuts Pay by Bank solution within US iGaming market
Players can withdraw funds and deposit winnings straight to their personal bank accounts.
Paysafe has released its latest payment solution, Pay by Bank, to US iGaming players. Pay by Bank is designed to “allow online bettors to instantly and securely fund deposits at operators’ cashiers directly from their online bank account as well as cash-out winnings seamlessly.”
The company’s latest payment system launch builds on its more than 25 years of iGaming payment solution experience. Paysafe developed Pay by Bank to accommodate players who are looking for multiple iGaming payment options for their winnings.
The company said in a statement, “Strengthening operators’ player acquisition, Pay by Bank provides their customers with yet another payment option that is particularly appealing to the 27% of bettors who prefer transacting via direct bank transfer.”
Paysafe President of Global Gaming Zak Cutler said the company is eager to release its latest pay solution to its customer base.
He commented, “We’re delighted to unveil our new Pay by Bank product for our iGaming solution, which will almost certainly prove very effective in both converting and retaining players for US operators, with the product’s impressive transactional speed and robust security.
“Through Pay by Bank, we continue to grow the Paysafe Gateway by providing American operators and their customers with unparalleled payment choices, all through a single integration.”
This new technology will give players the option to quickly make withdrawals from their sportsbook accounts and receive fasters payouts through a direct link to their personal bank accounts.
Pay by Bank can reduce operator liability should a player’s bank account default. The program also gives operators additional payment options they can offer to players.
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