Paysafe Partners with Emerchants for New Payout Card Solution
Isle of Man-based online payment company, Paysafe Group, has signed a partnership deal with Australian prepaid payment technology company, Emerchants. The companies will combine their expertise to launch a range of white-label payout card solutions for gaming operators across Europe.
The payment solution will make use of Paysafe’s issuing capabilities, together with a branded pay-out card from Emerchants Europe. Players will be able to use this to instantly access their online winnings, which will remove the three to five-day waiting period that is generally accepted with online gaming withdrawals.
Emerchants’ prepaid payment technology platform, processing and program management services are already available for operators in Australia, such as William Hill, Ladbrokes and Sportsbet. Paysafe is a Principal Member of MasterCard and is authorised by the UK Financial Conduct Authority to issue e-money in the European Economic Area (EEA) region. The company processes millions of transactions across the globe every year.
“Emerchants has strong credentials and extensive experience of managing gaming programs,” said Andrea Dunlop, chief executive of card solutions and acquiring at Paysafe. “The combination of our technology creates an incredibly powerful offer for gaming operators.”
The payout cards will allow customers to withdraw their winnings via an extensive selection of simple options, including online, in-store or at ATMs. In addition, the cards will allow customers to re-bet instantly, with the option to deposit funds directly into your gaming account, in real time.
“A quicker, easier payout experience, increases consumer engagement which in turn boosts customer loyalty and retention,” stated Stuart Green, Managing Director of Emerchants Europe. “We are therefore delighted to be working with Paysafe as the leading payments provider in the gaming space.”
April 16, 2017