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PokerStars and Paysafe team up

Sat, Jul 20, 5:36am by Staff Writer

The Stars Group’s flagship brand PokerStars has partnered with Paysafe Group to roll out the global payments provider’s Rapid Transfer online payment solution across 10 European countries.

Casino News Daily reports that PokerStars customers based in the territories covered by the partnership can now opt for Rapid Transfer to make deposits using their banking details.

Rapid Transfer is one of the many solutions in Paysafe’s online payments portfolio.

It allows consumers to make instant online payments from their bank account, without having to leave a gambling operator or a merchant’s website.

People receive payment confirmation instantly and benefit from the familiar process of using their own banking details.

PokerStars adding Rapid Transfer to its available deposit methods extends its existing relationship with Paysafe.

The online poker brand has previously deployed the global payment group’s digital solutions Skrill and NETELLER as well as its Paysafe card prepaid method.

News about PokerStars expanding its array of payment methods comes as another indication that more and more gambling operators and merchants alike are moving to diversify the payment services available to customers.

According to industry research carried out by Paysafe last year among online businesses in the US, Canada, the UK, Germany, and Austria, around 26 per cent of the participating companies said that they think the lack of available payment options on their websites is among the reasons for abandoned transactions.

Commenting on PokerStars adding Rapid Transfer to its portfolio of available payment solutions, chief executive officer Lorenzo Pellegrino said that they are “delighted to be supporting them to ensure this quality service for players spans across the deposit methods they offer.”

News about the recently inked partnership between PokerStars and Paysafe arrived shortly after it became known that The Stars Group’s newly relaunched affiliate program would be powered by Income Access.

The recently relaunched Stars Affiliate Club program supports The Stars Group’s flagship Poker Stars brand as well as its online casino PokerStars Casino, its other poker brand Full Tilt, and its betting brands BetStars and Sky Bet by Stars in Italy.

It was also recently announced that Income Access would power the US affiliate program of online gaming and betting group Kindred Group as the company is moving to expand across the US digital gambling space.

Kindred launched its flagship Unibet brand in New Jersey earlier this year. It currently offers online gaming in the state, but also plans to go live with sports betting at some point in future.

Kindred have also revealed plans to enter the newly opened Pennsylvania digital gaming space.

Two of the state’s 13 land-based casinos went live with online gaming on Monday, and a third one is expected to do so later today.

Paysafe recently scooped the Payments Processor of the Year award at the inaugural edition of the American Gambling Awards.

The company was honoured for its new US-focused gaming payments platform.

Macquarie to ban gambling transactions

Macquarie has banned gambling and lottery transactions on its credit cards as part of an overhaul that includes removing international transaction fees.

The Australian Financial Review reported last month that the changes, started on July 1, meaning any transaction classified under the merchant codes as gambling will be blocked when the cardholder tries to pay.

The move is in response to growing regulatory and government concern in Australia and abroad about easy access to credit by problem gamblers.

Other card providers, including ANZ, Bankwest and CBA offering cash advance rates on credit cards, typically charge interest rates of more than 21 per cent.

It is not known whether these, or other banks will be introducing a ban.

Credit cards that allow gambling transactions are typically categorized as cash advances, according to finder.com.au.

That is because gambling chargers are often cash equivalents, or cash substitutes.


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