With Pay by Bank, a new payment innovation for US iGaming fans, Paysafe, a pioneer in iGaming payment solutions, has made a splash.
Through the quick and safe transactions provided by Pay by Bank, internet bettors may finance deposits and cash out winnings straight from their bank accounts. With the support of more than 25 years of industry experience, this new solution expands on Paysafe’s wide range of iGaming payment choices.
Addressing Player Preferences
Recognizing the diverse preferences of iGaming enthusiasts, Paysafe developed Pay by Bank to meet the needs of players seeking convenient payment alternatives. With 27% of bettors favoring direct bank transfers, Pay by Bank strengthens operators’ player acquisition strategies, enhancing customer satisfaction and retention.
In a statement, Zak Cutler, Paysafe’s President of Global Gaming, expresses enthusiasm for the launch of Pay by Bank, emphasizing its potential to drive player conversion and retention for US operators. He highlights the product’s speed and security features, underscoring its role in elevating the iGaming experience.
With the use of Pay by Bank, players can easily link their personal bank accounts to sportsbook accounts and make quick withdrawals for quicker payments. To further increase security and comfort, this creative method lessens operator responsibility in the event that a player defaults on their bank account.
In order to improve operational efficiency and accommodate changing player preferences, Paysafe is providing US operators with access to a wide range of payment alternatives as it expands its payment services through programs like Pay by Bank.
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