Enhance The iGaming & Sports Betting Experience With Pay By Bank Solutions

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Article

Enhance The iGaming & Sports Betting Experience With Pay By Bank Solutions

November 30, 2023

As the online gaming industry continues to grow rapidly, payment solutions have become more than just a convenience—they’re now essential tools for customer acquisition and retention. In regulated markets like Ontario, Paramount sports betting solutions are helping iGaming merchants gain a competitive edge with secure, efficient, and player-friendly pay by bank options.


Fast, Secure, and Bank-Friendly Payments

Pay by bank solutions are becoming the go-to method for gaming transactions. Paramount Commerce’s solutions—INTERAC® and Instant Bank Transfer—offer fast, secure, and frictionless payments. These tools help both consumers and merchants avoid delays and rejections that often come with traditional payment methods like credit cards.


Why Credit Cards Don’t Cut It for iGaming

Many Canadian players experience credit card rejections or face high cash advance fees when trying to deposit funds. Pay by bank solutions eliminate those issues. Players can fund accounts or withdraw winnings directly to and from their bank accounts—with no extra hassle or hidden costs.


One-Click Deposits Keep Players in the Game

Paramount’s One-Click Deposit feature is designed for repeat users. It allows players to top up their wallets instantly, without leaving the game. This leads to faster deposits, better engagement, and a smoother gaming experience.


Smarter Risk Management, Less Fraud

Fraud prevention is a top concern in gaming. Paramount uses machine learning to analyze patterns, reduce fraudulent transactions, and increase approval rates. Their risk tools are supported by real-time data and a dedicated team, ensuring safer payments at scale.


Supporting Responsible Gaming

Pay by bank solutions naturally limit spending to available bank funds—helping players avoid credit debt and promoting responsible gaming habits.


Built for Ontario’s Regulated Market

Operating in Ontario? Paramount’s solutions are fully compliant with provincial regulations. Features like location-based services and bank account verification ensure you meet regulatory requirements while delivering a seamless payment experience.


Trusted by Canadians

INTERAC® and Instant Bank Transfer are already familiar to most Canadians. That trust leads to more usage, higher conversion rates, and stronger brand loyalty.


Final Thoughts

Paramount Commerce’s sports betting solutions are more than just payments—they’re a growth engine. By offering secure, convenient, and responsible pay by bank options, merchants can meet player expectations, reduce operational risks, and drive long-term success in Canada’s iGaming space.

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