Connect with us
SIS

Gambling in the USA

Paysafe Introduces Ground-breaking New Approach to iGaming Payments

George Miller

Published

on

Paysafe Introduces Ground-breaking New Approach to iGaming Payments
Image Source: caribmedia.com
Reading Time: 2 minutes

 

Integrated platform offers unrivalled range of payment options and services to help operators capitalise on emerging US iGaming opportunity

 

Leading global payments provider Paysafe Group (Paysafe) announces a new single point of integration to its full range of payment solutions using a software API. The unified platform is available to iGaming operators in the US as the market opens up to online sports betting.

Using Paysafe’s single integration, operators and the developers they work with, can access the full extent of Paysafe’s core, alternative and future differentiated payments services which draw on the breadth of its expertise in payment processing, acquiring, digital wallets (Skrill and NETELLER) and online prepaid solutions (paysafecard).

As well as a hosted checkout for an improved customer experience, Paysafe’s API includes a business portal and refreshed developer journey for operators to manage their chosen payment integrations effectively.

By opening up access to Paysafe’s unrivalled range of payment products, the new single integration supports operators with player conversion and retention. According to new research out this week commissioned by Paysafe* 23% of current US sports bettors named the number of methods that they could make payments and receive winnings with online as a key differentiator when deciding which sportsbook to wager with. Furthermore, 42% of them said that they would consider making payments for sports betting using a different method to the one that they currently use, compared to only 26% who said that they would not.

In addition to advantaging players, Paysafe’s new single integration helps operators to offer a streamlined player checkout experience and the ability to select several different ways to pay. Payment methods can include more traditional card acceptance options or alternative payment methods like those from Paysafe’s proprietary services paysafecard, Skrill and NETELLER, which are used by 17 million consumers around the world. As well as Paysafe’s solutions, the technology also enables operators to integrate popular payment methods from other providers.

Operators can also access a highly-customisable, behind-the-scenes business portal with analytics, financial reporting and reconciliation services that can be tailored depending on the job function of the user.

The unified platform incorporates a new developer journey with easy access to the single API and the ability to seamlessly integrate Paysafe’s products into the checkout. By simplifying the process, developers can, in turn, free up resources to focus on other revenue-generating areas, such as gaming features or front-end game design.

Paysafe plans to continually enhance its iGaming integration to create a tailored experience which is suited to operator needs and supports them in future proofing the checkout experience. Its exploration of future features includes more advanced analytics, player and industry insights and dashboard reporting.

Commenting on the launch, Karim Ahmad, Paysafe’s Chief Product Officer, said: “Players want payment options which are seamless and secure, and which they don’t notice. Whether it’s traditional payments, digital alternatives or future innovations, it needs to be effortless. Paysafe has over 20 years’ experience in the payments industry and has spent a number of years partnering with leading businesses in the iGaming space, helping them to operate and scale at speed. Our solutions are established and widely recognised in this sector and cover the broadest range of payment methods, which is why Paysafe is now the unquestioned partner of choice for the iGaming industry.”

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Continue Reading
Advertisement
Comments

Gambling in the USA

Slot Revenue Decreases in Connecticut Tribal Casinos

Niji Narayan

Published

on

Slots revenue Connecticut tribal casinos
Reading Time: 1 minute

The slot revenue of two Connecticut tribal casinos has decreased by 12% in April 2019. Both Mohegan and Foxwoods have posted year-over-year decrease in slot machine revenue and April 2019 was the worst month for the Connecticut casinos.

Foxwoods Resort Casino totalled US$36.2 million in slots revenue after paying prizes, down from the US$41.2. On the other hand, Mohegan Sun reported US$45.2 million in slot revenue, down from US$51.4 million.

Revenues from Foxwoods and Mohegan have been affected by MGM Springfield, the casino located in neighbouring Massachusetts. The Massachusetts Gaming Commission reported that the faction totalled US$15.5 million in slots revenue last month and US$6.3 million in table-games revenue. However, slots revenue was also down in that facility 17% over the previous month.

Continue Reading

Canada

Sightline Joins Forces with Responsible Gaming Solution GameSecure

George Miller

Published

on

Sightline Joins Forces with Responsible Gaming Solution GameSecure
Reading Time: 2 minutes

 

The partnership aims to connect payment solutions and a centralized real-time self-exclusion database for increased player protection

 

Las Vegas-based Sightline Payments (“Sightline”) and Vancouver based Bencon Technologies Inc. (“Bencon”) have entered into a partnership to bridge the current technological gap between digital self-exclusion functions and payment services. The goal of the partnership is to ensure at-risk patrons are denied access to content or payment services in real-time.

The first quarter of 2019 has resulted in a number of violations of self-excluded patrons gaining access to content in the US market, meaning regulator fines have been issued to non-compliant operators, unfortunately, the damage to the patron is already done. GameSecure’s real-time database solution will ensure these patrons do not gain access to digital content once self-excluded and by partnering with  it creates another barrier to a patron’s payment activity.

“The Sightline team has been committed to responsible gaming for more than 20 years and we are very excited to announce this important partnership,” said Cameron Conn, Co-Founder of Bencon Technologies Inc.

“We strongly believe there is not a singular solution to completely address all aspects of player protection and responsible gaming, however, partnerships like these allow for better solutions that will give continued insights into at-risk behavior for improved responsible gaming programs.”

“Sightline is in a unique position because our Play+ ecosystem, in the US, connects to nearly 100% of all digital platforms and 90%+ of all casino management systems, allowing for a uniform capability for a network-wide self-exclusion program through our SPAN Network,” said Kirk Sanford, CEO and Founder of Sightline Payments.

A primary goal of the partnership will be to work with the responsible and problem gambling communities to ensure these new solutions will work to enhance future programs for player protection.

“The Responsible Gambling Council is pleased to hear about the partnership between GameSecure and Sightline.  We believe that safeguards are imperative to the success of any self-exclusion program,” stated Shelley White, CEO of Responsible Gambling Council in Canada.

Keith Whyte, the Executive Director of the US National Council on Problem Gaming adding: “Congratulations to Bencon and Sightline for this step to further integrate responsible gaming into payment methods for the industry.  Streamlining player protection is an important goal for the National Council on Problem Gambling, and we are pleased to support this innovative effort.”

“Self-exclusion programs have been in existence for years with the on-premise ATM providers, however, until now nothing has existed for the digital world which is where the industry is moving,” added Sanford.

Bencon is currently working with multiple jurisdictions in the United States (and internationally) to integrate GameSecure into their Responsible Gaming Programs.

Continue Reading

Fantasy Sports

Louisiana House Committee Passes Fantasy Sports Restriction Bill

Niji Narayan

Published

on

Louisiana House Committee Passes Fantasy Sports Restriction Bill
Reading Time: 1 minute

 

Louisiana House Committee has passed the fantasy sports restriction bill. Voters of 47 parishes approved fantasy sports betting last fall. The bill leaves committee with an amendment that stipulates “you can only play if you’re at card checking over-21 only in establishments like video poker stops, bars, or casinos.”

“This is obviously not what people voted for, this is not how fantasy sports works, this is not how online entertainment works anywhere, for any medium,” Fairness for Fantasy Sports Louisiana spokesperson Ryan Berni said.

“Right now the proposed tax rate does not cover the cost for the state to collect it. The state actually loses money at the proposed tax rate that they are proposing on fantasy sports,” Video poker lobbyist Alton Ashy said.

“Obviously the intention is that it is places that have video poker. It really is an end around and a subversion of what people know and like about fantasy sports,” Berni added.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.