Betting News

PaySafe introduces Pay-by-Bank for its online gaming venture

PaySafe, the payments company, has introduced a new pay-by-bank feature for online gaming.

The latest solution allows online bettors within the US to secure funds at different operators via their banks. The company released an official PR to inform users about the feature. With the addition of PaySafe, its product offering has expanded significantly.

PaySafe Gateway, the company’s iGaming payment solution, caters to the increasing demand from US players for safer payment choices. Using paySafe’s single-integration gateway, US online gaming operators can provide customers with a pay-by-bank feature.

It will allow new users to sync their savings or checking accounts in mere seconds and fund the cashiers in real-time. According to the PR, returning bettors can enable the feature by allowing one-click payments on their linked accounts.

PaySafe has asked customers to stay on the lookout for more betting news and announcements regarding the same. The company allows users to withdraw their winnings from the sportsbook accounts in one click.

The latest feature comes as online bettors are showing frustration with the pace and seamlessness of fund withdrawals. Generation Instant: Gamers and Winnings, the latest PYMNTS Intelligence report, supports this notion.

The report revealed that instant payout options are still a rare sight despite the surging popularity of online gaming and sportsbooks. With the growing demand, cash should not be the only payout option for digital ventures. 

Ingo Payments and PYMNTS revealed that even instant payouts can be delayed up to 24 hours. Such delays are understandably pushing customers to the point of frustration.

The survey found that customers want online gaming services to provide instant payouts and withdrawals like old-school casinos. Over 79% of the participants want instant disbursements, showing how crucial this move is for PaySafe.

Edna Boykin

Edna Boykin started her career as a financial news writer. And, she was withal active in stock trading. From the commencement of her vocation, she is passionate about online poker games. As she likes to play poker and roulette, she knows the casino industry exhaustively. She recently joined Times of Casino as a news writer. She regularly contributes in-depth breaking stories and news updates of the casino industry.

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