BetPARX Teams Up with Pavilion Payments for Real-Time Transactions

BetPARX is partnering with Pavilion Payments to incorporate its real-time payment (RTP) solution into BetPARX’s platforms. The prominent online casino and sports betting brand has been working on streamlining its payment processing. It wants to ensure that customers have fast access to winnings.

A real-time payment solution for BetPARX

BetPARX is licensed in Maryland, Michigan, New Jersey, Ohio, and Pennsylvania and offers iGaming and online sports betting products. BetPARX COO John Dixon says that with a real-time payment solution at betparx.com, the brand can meet expectations for instant payouts and enhance the overall gaming experience for its customers. The ability to transfer funds in minutes will help with engagement and retention.

Fast and secure access to funds is crucial in the very competitive gaming industry. Withdrawal speed is one of the factors that can influence the choice of an online gaming platform. The RTP solution offers customers access to their funds within minutes. This is a great improvement over traditional payment methods.

Pavilion Payments

Pavilion Payments is a leading omnichannel payment provider that serves the gaming industry. It has more than 20 years of experience in the industry, being trusted by over 400 gaming clients across the world.

Support for the FedNow and RTP networks gives Pavilion Payments access to various financial institutions and services. This ensures broad coverage and helps to streamline and expedite payment processes. If customers are ineligible for these systems, they will receive payment via Same Day ACH.

Brian Clayton, SVP of iGaming for Pavilion Payments, welcomes the opportunity to work with BetPARX. He says a real-time payment solution enhances trust and instills transparency. It addresses a common concern of customers that while deposits are instant, withdrawals often take longer. The company developed its real-time payment solution to put customers first and ensure they can withdraw funds instantly. Developing new-age apps is a necessity for businesses today who want to stay competitive in a fast-paced digital environment.

A transparent operational model

AI in fintech is changing how the industry operates. Today, customers expect to be kept in the loop with transparent operational models. Real-time payment notifications help to increase transparency, customer trust, and loyalty. With real-time payments and payment notifications, customers have convenience and security throughout the process. Customers are increasingly drawn to online casinos that prioritize their financial well-being and value their time. The thrill of being able to enjoy a win and access the funds without delay adds to the sense of empowerment and excitement.

Contributing to responsible gambling

When customers have immediate control over their winnings, they can make more informed spending decisions. Having more control can help mitigate impulsive behavior such as chasing after losses.

Increasing customer retention

Besides increasing trust and contributing to responsible gambling, instant payouts also encourage customers to keep gambling. When satisfied with the speed and efficiency of withdrawals, they are likely to stay loyal. This is mutually beneficial for customers and the casino. Customers enjoy a reliable and consistent experience while casinos benefit from a solid customer base.

 

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