Paysafe, a leading payments platform, has introduced Pay by Bank for iGaming, a new solution that allows U.S. online bettors to conveniently deposit funds and withdraw winnings directly from their online bank account. This offering expands Paysafe's Gateway, the iGaming payments solution that connects U.S. operators to various payment methods through a single integration.
In response to the demand for payment options, Pay by Bank enhances Paysafe's extensive experience of over 25 years in streamlining iGaming payments. It provides players with an additional attractive payment choice, particularly catering to the 27% of bettors who prefer direct bank transfers.
Through Paysafe's Gateway, U.S. online gaming operators can now offer Pay by Bank, enabling users to quickly and securely link their checking or savings account and instantly fund their player account. Returning bettors can also enjoy the convenience of one-click payments from their linked accounts. Pay by Bank further facilitates swift withdrawals directly to linked bank accounts with just a single click.
For operators, Pay by Bank transactions come with indemnification, reducing liability in case a player's deposit from their bank account fails. This feature not only helps attract new players by offering more payment options but also enhances customer retention by improving the overall payment experience, focusing on transactional speed and financial security.
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