Paysafe Named Payments Processor Of The Year
New Jersey’s Monmouth Park Raceway was the location of the recent inaugural edition of the American Gambling Awards, and it certainly did turn out to be a glitzy and glamorous affair. Payment solutions provider Paysafe was honoured for its commitment towards creating and providing trusted online payment solutions by having received the award of Payments Processor of the Year. What had no doubt drawn the attention of the nominations panel is Paysafe’s recently-launched US-based gaming payments online platform which is a product and service considered to be in its own league in terms of quality and reliability.
What made the ceremony even more noteworthy is that it formed part of the All American Sports Betting Summit. The legalised US sports betting industry is without a doubt the current talk of the town, so to speak. Ever since the US Supreme Court lifted the ban on sports betting last year, the industry has practically exploded in a larger-than-life kind of way. Sports betting is America’s goose that lays the golden eggs, and any industry even vaguely associated with the local sports betting industry is, by default ,primed for success.
How iGaming Was Liberated
But regulated sports betting did not only revolutionise the US betting market, but in many ways also the US-focused iGaming industry. Following the abolishment of PASPA, the industry-defining SCOTUS ruling was signed into force. The ruling allows for foreign participation in service provision. What this means is that suppliers not necessarily registered or head-quartered in the US are now in a position to be able to apply to supply tech and support services to US operators and players.
Paysafe, needless to say, grabbed at the opportunity with both hands. The company provides to operators a fully integrated payment solutions package. The package allows access to card processing services, a Skrill digital wallet and also a variety of online prepaid solutions. These solutions enjoy extra measures of financial online security, as at no point does any online casino have direct access to a customer’s banking affairs. Paysafe acts as a type of middleman that ensures the protection of the personal data and details of its subscribers.
A Well-Rounded Offering
But why is Paysafe recognised as so much more effective in its services and operations than most other reliable payment service providers? According to various market surveys, operators greatly value the full-function nature of the provider’s approach to payment services. Paysafe combines various payment options under a single umbrella, removing most of the administrative burdens so often experienced by operators in their quest to provide a variety of options on their websites.