Newswire & Press Release / Paysafe Authorizes Online Payments for Sports Betting from Montana Lottery – E-Business B2B / B2C – Meritus Payment Solutions | Paysafe Fund
Paysafe, a leading specialty payment platform, today announced a new partnership with INTRALOT (intralot.com), one of the world’s leading providers of gaming solutions. INTRALOT’s sports betting platform has integrated with Paysafe to enable the Montana government-run lottery to provide its online sports betting customers with a full suite of traditional and alternative payment methods through a single API.
Through streamlined integration, Paysafe’s platform has bolstered INTRALOT’s next-generation Orion sports betting solution, which powers Montana’s lottery digital sports betting brand, Sports Bet Montana. Players betting with the brand can now deposit or withdraw winnings using the platform’s Transact interface, choosing from credit or debit card payments, processed through the best payment gateway from Paysafe, the Skrill USA1 digital wallet, or ACH, among others. payment methods.
Paysafe’s platform also strengthens the American bookmaker’s overall payment offer. Its analytics and business portal back-end components provide state-of-the-art reporting and analytics tools to monitor individual transactions and payment methods to ultimately optimize payment acceptance and processing. overall income.
Transactional security is embedded in the DNA of the solution. Its Defend feature brings the strength of Paysafe’s two decades of experience in game-specific fraud and risk to financially secure Sports Bet Montana and protect the brand’s data as well as that of its players.
The platform is defined by its flexibility and dynamic structure, with Sports Bet Montana’s access to the solution configured to meet the specific payment needs of the brand and its players through the Configure functionality of the platform. This allows Sports Bet Montana to seamlessly add new payment methods, including Paysafe’s paysafecard eCash product and third-party solutions, as the brand evolves.
Zak Cutler, CEO of the North America iGaming Division at Paysafe, said, “We are delighted to partner with INTRALOT Inc to bring our payments platform to Montana Lottery online sports betting. The solution connects Sports Bet Montana to all the payment methods its customers will need and has a back-end robust enough to optimize payment acceptance and protect the offer. Considering the relationship between high converting payment methods and operator revenue growth, we believe our platform is a game-changer for the US market.
Note to editors
1 The assets, liabilities and results of operations of Skrill USA are consolidated in the consolidated financial statements of Paysafe Limited; however, Paysafe Limited has no direct interest in Skrill USA.
About Paysafe Limited
Paysafe Limited (“Paysafe”) (paysafe.com) is a leading specialty payment platform. Its main goal is to enable businesses and consumers to connect and transact seamlessly with state-of-the-art payment processing, digital wallet and online payment solutions. With more than 20 years of experience in online payments, an annualized transaction volume of US $ 100 billion in 2020 and approximately 3,400 employees in more than 12 locations around the world, Paysafe connects businesses and consumers to through 70 types of payment in more than 40 currencies around the world. Delivered via an integrated platform, Paysafe solutions are geared towards mobile initiated transactions, real-time analytics and convergence between physical and online payments.
About Paysafe iGaming
Paysafe brings more than two decades of specialist payments experience to the global iGaming and sports betting industries and provides operators with a full suite of traditional and alternative payment methods through a single, streamlined API integration. Paysafe is also a leader in digital and affiliate marketing technologies and services for iGaming operators through its Income Access business unit.
Since the opening of the US iGaming market in May 2018, Paysafe has consistently affirmed its ambitions to be the payments leader in the fast-growing sector, building on its leadership in Canada and Europe. The company now supports 75% of operators nationwide with payment or marketing solutions in 16 different states. In Canada, Paysafe is also a leader and partners with the majority of regulated iLottery and gaming brands.