Wednesday, July 4, 2018

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Analysis: What does the new Italian government mean for online gambling?

“With more  than  five years of experience in providing online payment solutions  to  regulated state and  provincial lotteries in North America and over 15 years of providing secure payment processing to licensed  iGaming operators in Europe, Paysafe is in a unique position to identify opportunities that goes beyond  our standard payment processing  capabilities,” Erlick told OPR. “Our payment processing solutions encompass all of  the  tools and services that merchants require, providing reliable, engaging and pleasant customer experiences  in a global environment, and are powered by market‐leading technology, extensive internal and external  relationships, and outstanding service.” Paysafe is also the parent company of the Income Access Group. Income Access provides affiliate tracking solution to more than 200 individual gaming affiliate programs across North America and Europe. The company is the sole supplier of affiliate marketing software to regulated online casino and poker brands in the New Jersey and Nevada markets. Getting everyone on the same page is vital Since New Jersey’s slow start, payment processing has improved, but there is still a long way to go. “We have seen a lot of difference being made with respect to credit card acceptance,” Erlick said. Erlick highlighted the new Merchant Category codes (MCC) for legal online gaming that were installed in April 2015, and other improvements include: Ongoing outreach to banks and credit cards Steering customers to accepted payment methods The addition of new payment processing options According to Erlick, offering a one-stop-shop of payment processing options is also helpful, as it streamlines the entire process. “Through a single platform, Paysafe is able to ensure US iGaming operators receive connectivity to best‐in‐class payment service providers, and customizable, cutting edge reporting for seamless reconciliation. This ultimately means that their customers would be able to make deposits at all times, whether it is cash, credit or debit, prepaid, and / or digital wallets.” “Our established expertise in  the iGaming, esports, provincial lotteries and online gambling sectors  for over a decade has led us  to continuously enhance and  tailor our payment processing capabilities.

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