Canadian sports betting and iGaming operators can now accept Instant Bank Transfer, the industry’s proven bank-account-based payment solution in North America.

TORONTO June 7, 2022 – Paramount Commerce, a global bank-account-based payments provider, announces today at SiGMA Americas and the Canadian Gaming Summit that it has launched its Instant Bank Transfer payment solution in Canada for iGaming and sports betting operators.

The product, proven in the North American online gaming and sports betting markets, delivers industry-leading conversion, ubiquitous bank coverage, and state-of-the-art risk management.

Instant Bank Transfer was built for gaming with innovative features such as 1-click express deposits and in-game deposits. These features allow consumers to make deposits to their online gaming accounts quickly and securely without leaving the gaming experience. The solution validates payment account ownership on withdrawals as well as deposits, so consumers can use Instant Bank Transfer to collect their winnings directly to their bank account–regardless of the method used to deposit funds.

“With low credit card acceptance rates, Canada’s iGaming market needs a seamless bank-account-based payment option,” says Dave Roe, COO of Paramount Commerce. “Instant Bank Transfer will greatly benefit Ontario’s newly regulated market by improving player acquisition and loyalty.”

The launch comes at a critical time in Canada’s online gaming industry, with the fully compliant solution available for iGaming merchants in Ontario. 

About Paramount Commerce

Paramount Commerce is a global payments technology company providing a safe and simple way to accept bank account-based payments. As a leading solution in both iGaming and sports betting, our patented technology is used by millions of consumers and has processed billions in volume. Offering a best-in-class experience, seamless integration, and over 15 years of industry experience, Paramount Commerce creates raving fans of both merchants and consumers. To learn more, visit paramountcommerce.com

For further information: media@paramountcommerce.com