Payment processor Paysafe (Paysafe Group), already recognized as one of the world’s leading payment processing solutions, announced that it has won the “Payments Processor of the Year” award at the first edition of the American Gambling Awards, held at the Monmouth Park Racetrack in New Jersey.
The award was presented on the evening of the first day of the All American Sports Betting Summit. This award names Paysafe as the leading payment provider for US casino operators who have been experiencing a landmark year as the emerging market continues to grow rapidly. After PASPA was repealed in 2018 and the federal ban on single-event sports betting was no longer in effect, Paysafe entered the market with its iGaming payments platform. The platform allows US operators to plug into a single point of integration that grants them access to the entire suite of Paysafe payment products.
Through the platform, US sports betting and iGaming brands can offer players seamless payment solutions including card payment processing, the Skrill digital wallet, instant ACH transfers, and online prepaid solutions such as the company’s own paysafecard. The award is an acknowledgement of the transformation Paysafe has brought about for both players and gaming operators, bringing an unprecedented number of casino payment methods together on a single platform.
The “Payments Processor of the Year” award was also given in recognition of the platform’s undeniably smooth user experience for both players and operators. The hosted checkout system makes for a streamlined payment process for consumer while operators enjoy back-end features through a business portal that includes such features as analytics and financial reporting and reconciliation.
Neil Erlick, Executive Vice President of Business Development at Paysafe, said: “It has been a momentous year for the US gaming space – and for our business, with the launch of our iGaming platform developed specifically for operators and players in a market with huge growth potential. We’re honoured to see our platform recognized, and we look forward to further investing in this technology and rolling it out into new regulated states as the American gaming market continues to evolve.”