Paysafe launches Pay by bank for iGaming projects in the US. Players will be able to deposit and withdraw funds from their account on the site in minutes directly from their bank account balance.
Paysafe research shows that 27% of U.S. bettors like to fund wagers with online sportsbooks using a open banking. With Pay by Bank, players can make payments directly from their checking or savings accounts, eliminating the need to preload a wallet or manually input their debit or credit card info. This streamlined process not only enhances convenience and ensures transactional security but also boosts conversion rates.
This is a significant move for the US in the convenience of payments; previously users have already appreciated the advantages of open banking technology over conventional credit cards and transaction volumes have multiplied.
Read more: Payment service provider PayU partners with PayPal
