Paysafe wins Payments Processor of the Year

(PRESS RELEASE) -- Leading global payment provider Paysafe Group (Paysafe) today announced that it won the ‘Payments Processor of the Year’ award at the inaugural American Gambling Awards, held last night at Monmouth Park Racetrack, New Jersey.

Presented on the evening of the first day of the All American Sports Betting Summit, the 2019 American Gambling Awards names Paysafe the leading payments provider for U.S. operators in what has been a landmark year for the emerging market. Following the 2018 repeal of PASPA, the former federal ban on single-event sports betting, this February Paysafe brought to market its iGaming payments platform, allowing operators to plug their brands into a comprehensive suite of Paysafe payments products through one single point of integration.

The platform allows US iGaming and sports-betting brands to seamlessly offer players card payment processing, the Skrill digital wallet, instant ACH, and online prepaid solutions such as paysafecard, with a strong focus on future payments such as next-generation wallets, as well as third-party solutions. The award acknowledges Paysafe’s transformation of the payments experience for both players and operators by unifying an unprecedented number of payment methods in one platform.

The ‘Payments Processor of the Year’ award also recognizes the platform’s strong focus on the user experience for both players and iGaming operators. The software’s hosted checkout streamlines the payments process for consumers, while its behind-the-scenes business portal featuring analytics, financial reporting and reconciliation, empowers operators to make fact-based business decisions.

Neil Erlick, Executive Vice President of Business Development at Paysafe, said, “It has been a momentous year for the US gaming space – and for our business, with the launch of our iGaming platform developed specifically for operators and players in a market with huge growth potential. We’re honored to see our platform recognized, and we look forward to further investing in this technology and rolling it out into new regulated states as the American gaming market continues to evolve.”