Paysafe (PSFE) launches Pay by Bank for iGaming, allowing U.S. online bettors to fund deposits at operators’ cashiers directly from their bank accounts and cash-out winnings seamlessly. The new solution expands the capabilities of Paysafe’s Gateway, connecting U.S. operators to a comprehensive range of traditional and alternative payment methods via a single integration. Pay by Bank addresses the growing demand from U.S. players for payment choice, particularly appealing to the 27% of bettors who prefer direct bank transfer. The product benefits operators by providing more payment choice, strengthening customer retention, and reducing liability for bank account defaults. Paysafe will showcase Pay by Bank at the SBC Summit North America in New Jersey from May 7th to 9th, 2024.
Paysafe (PSFE) lancia Pay by Bank per iGaming, consentendo ai scommettitori online degli Stati Uniti di finanziare i depositi direttamente dai loro conti bancari presso le casse degli operatori e di incassare le vincite in modo fluido. La nuova soluzione amplia le funzionalità del Gateway di Paysafe, collegando gli operatori statunitensi a una gamma completa di metodi di pagamento tradizionali e alternativi tramite un'unica integrazione. Pay by Bank risponde alla crescente domanda degli giocatori statunitensi di avere una scelta di pagamento, risultando particolarmente attraente per il 27% dei scommettitori che preferiscono il trasferimento bancario diretto. Il prodotto offre vantaggi agli operatori fornendo maggiore scelta di pagamento, rafforzando la ritenzione dei clienti e riducendo la responsabilità per i mancati pagamenti bancari. Paysafe presenterà Pay by Bank al SBC Summit Nord America in New Jersey dal 7 al 9 maggio 2024.
Paysafe (PSFE) lanza Pay by Bank para iGaming, permitiendo a los apostadores en línea de EE.UU. financiar depósitos directamente desde sus cuentas bancarias en las cajas de los operadores y retirar las ganancias de manera fluida. La nueva solución expande las capacidades del Gateway de Paysafe, conectando a los operadores estadounidenses con una amplia gama de métodos de pago tradicionales y alternativos mediante una única integración. Pay by Bank responde a la creciente demanda de los jugadores en EE.UU. por opciones de pago, siendo especialmente atractivo para el 27% de los apostadores que prefieren la transferencia bancaria directa. El producto beneficia a los operadores al ofrecer más opciones de pago, fortaleciendo la retención de clientes y reduciendo la responsabilidad por incumplimientos en cuentas bancarias. Paysafe presentará Pay by Bank en la Cumbre del SBC de América del Norte en Nueva Jersey del 7 al 9 de mayo de 2024.
Paysafe (PSFE)는 iGaming용 Pay by Bank를 출시하여 미국 온라인 베팅 사용자가 자신의 은행 계좌로부터 운영자의 계산대로 직접 예금을 자금하고 상금을 원활하게 인출할 수 있게 합니다. 이 새로운 솔루션은 Paysafe의 게이트웨이 기능을 확장하여 미국 운영자들을 전통 및 대체 결제 방법의 종합적인 범위와 단일 통합을 통해 연결합니다. Pay by Bank는 결제 선택의 증가하는 수요에 대응하며 특히 직접 은행 이체를 선호하는 베팅 사용자의 27%에게 매력적입니다. 이 제품은 더 많은 결제 선택을 제공함으로써 운영자에게 이점을 제공하고, 고객 유지를 강화하며, 은행 계좌 채무 불이행에 대한 책임을 줄입니다. Paysafe는 2024년 5월 7일부터 9일까지 뉴저지에서 열리는 북미 SBC 서밋에서 Pay by Bank를 선보일 예정입니다.
Paysafe (PSFE) lance Pay by Bank pour l'iGaming, permettant aux parieurs en ligne américains de financer des dépôts directement à partir de leurs comptes bancaires chez les caissiers des opérateurs et d'encaisser les gains sans heurts. La nouvelle solution étend les capacités du Gateway de Paysafe, connectant les opérateurs américains à une gamme complète de méthodes de paiement traditionnelles et alternatives via une seule intégration. Pay by Bank répond à la demande croissante des joueurs américains pour le choix de paiement, étant particulièrement attrayant pour les 27% des parieurs qui préfèrent le virement bancaire direct. Le produit bénéficie aux opérateurs en offrant plus de choix de paiement, en renforçant la rétention des clients et en réduisant la responsabilité pour les défauts de compte bancaire. Paysafe présentera Pay by Bank lors du sommet SBC de l'Amérique du Nord au New Jersey, du 7 au 9 mai 2024.
Paysafe (PSFE) startet Pay by Bank für iGaming, indem es US-amerikanischen Online-Wettern ermöglicht, Einzahlungen direkt von ihren Bankkonten bei den Kassen der Betreiber zu tätigen und Gewinne nahtlos auszuzahlen. Die neue Lösung erweitert die Fähigkeiten von Paysafes Gateway, indem sie US-Betreiber mit einer umfassenden Palette an traditionellen und alternativen Zahlungsmethoden über eine einzige Integration verbindet. Pay by Bank entspricht der wachsenden Nachfrage US-amerikanischer Spieler nach Zahlungsoptionen, insbesondere attraktiv für die 27 % der Wetter, die direkte Banküberweisungen bevorzugen. Das Produkt bietet Vorteile für Betreiber, indem es mehr Zahlungsoptionen bietet, die Kundenbindung stärkt und die Haftung für Ausfälle bei Bankkonten verringert. Paysafe wird Pay by Bank auf der SBC Summit Nordamerika in New Jersey vom 7. bis 9. Mai 2024 vorstellen.
Positive
Paysafe's new Pay by Bank solution strengthens its iGaming payments by providing U.S. players with additional payment options.
Operators using Paysafe's Gateway can now offer Pay by Bank, allowing U.S. bettors to securely fund deposits at operators’ cashiers directly from their online bank accounts.
Pay by Bank aims to address the demand for payment choice from U.S. players, especially those who prefer direct bank transfer for transactions.
Operators benefit from providing more payment choices to their customers, improving customer retention, and reducing liability for bank account defaults with Pay by Bank.
Negative
The press release does not provide financial data or figures related to the impact of introducing Pay by Bank for iGaming.
There is no mention of potential risks associated with the introduction of the new payment method.
New product allows American bettors to log-in directly to their bank accounts at online sportsbooks’ cashiers to fund real-time wagers
LONDON--(BUSINESS WIRE)--
Paysafe (NYSE: PSFE), a leading payments platform, today launched Pay by Bank for iGaming, a new solution allowing U.S. online bettors to instantly and securely fund deposits at operators’ cashiers directly from their online bank account as well as cash-out winnings seamlessly. This product expands the capabilities of Paysafe’s Gateway, the iGaming payments solution that connects U.S. operators to the market’s most comprehensive range of traditional and alternative payment methods via a single integration.
Building on Paysafe’s 25+ years’ history streamlining iGaming payments, the company added Pay by Bank to respond to the growing demand from U.S. players for payment choice. The Gateway already connects operators’ cashiers to Paysafe-processed card payments, the Skrill digital wallet, the Paysafecash online cash solution, and third-party payment products. 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, according to Paysafe research.
Leveraging Paysafe’s single-integration Gateway, U.S. online gaming operators can now offer Pay by Bank to their customers, giving first-time users the ability to sync their checking or savings account in just seconds, then fund their player account securely in real-time. For returning bettors, the process is even easier, with Pay by Bank supporting one-click payments from linked accounts.
Winnings can be withdrawn from players’ sportsbook accounts just as seamlessly, with Pay by Bank enabling rapid payouts directly to linked bank accounts, again initiated through a single click.
For operators, all Pay by Bank transactions are indemnified, reducing liability if a player’s deposit from their bank account defaults. Along with helping to drive player acquisition by providing more payment choice, Pay by Bank’s other benefits for operators include strengthening customer retention by improving the overall payment experience. According to Paysafe research, transactional speed and financial security are players’ top-two priorities when it comes to the payment experience.
Zak Cutler, President of Global Gaming at Paysafe, said: “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 U.S. 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.”
Paysafe will be showcasing Pay by Bank and the Paysafe Gateway while exhibiting (Booth A270) at the SBC Summit North America in New Jersey from May 7th to 9th, 2024.
About Paysafe
Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading payments platform with an extensive track record of serving merchants and consumers in the global entertainment sectors. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry leading capabilities in payment processing, digital wallet, and online cash solutions. With over 25 years of online payment experience, an annualized transactional volume of $140 billion in 2023, and approximately 3,200 employees located in 12+ countries, Paysafe connects businesses and consumers across 260 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Further information is available at www.paysafe.com.
About Paysafe iGaming
Paysafe brings over two decades of specialized payments experience supporting the global iGaming and sports-betting sectors and provides operators with a comprehensive suite of traditional and alternative payment methods through a single, streamlined API integration. Paysafe is also a leader in digital and affiliate marketing technology and services for iGaming operators through its Income Access business unit.
Since the opening-up of the U.S. iGaming market in May 2018, Paysafe has consistently stated its ambitions to be the payments leader in the fast-growing sector, building on its leadership in Canada and Europe. As of April 29th, 2024, the company supports 75% of operators in the country with payments or marketing solutions across 33 jurisdictions. In Canada, Paysafe also has a leading position and partners with the majority of regulated iLottery and gaming brands.
What is the new product launched by Paysafe for iGaming?
Paysafe has launched a new solution called Pay by Bank for iGaming, allowing U.S. online bettors to instantly fund deposits at operators’ cashiers directly from their online bank account and cash-out winnings seamlessly.
What are the benefits of Pay by Bank for operators?
Pay by Bank provides operators with the ability to offer more payment choices to their customers, strengthen customer retention, and reduce liability for bank account defaults, therefore improving the overall payment experience.
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