Malta-based payment service provider Truevo Payments has announced it is set to facilitate the acceptance of Visa, Mastercard and Maestro deposits for online bookmaker 1xBet.

The sportsbook can now begin accepting deposits made via such routes from players across the globe. 

1xBet will also utilise Truevo’s original credit transfer (OCT) solution to process “almost instant payouts” to eligible bank cards.

VP business development, Truevo Payments, Roman Metodiev explained: “1xBet is known as a trailblazer in the iGaming industry. Not only do they offer a great selection of betting opportunities, but their long list of global payment methods allows them to reach and transact with players globally. 

“We are proud to be working with 1xBet, and look forward to providing them with safe, simple and reliable transacting for years to come.”

Through the use of Truevo’s OCT system, 1xBet can offer its players faster payouts directly to their Visa, Mastercard or Maestro cards.

The operator can access the solution as a single API in order to initiate, track and reconcile fund disbursements regardless of location or currency.

“This is a unique experience for both of our companies and we are delighted to take this opportunity to form a partnership with Truevo,”said Gouloud Mercedes Hammoud, a representative of 1xCorp.

“Their innovative advances and expertise will unequivocally result in reaching better performance. We trust that this will lead to an ongoing and mutually beneficial partnership.”

Truevo is a licensed acquirer and payment gateway offering innovative payment products, card acquiring and merchant account services to EU businesses. 

The firm is a PCI DSS (payment card industry data security standard) Level 1 payment service provider and can process online deposits in over 120 currencies.

Metodiev concluded: “Due to the unprecedented growth in the online gaming sphere, we’ll continue to develop tailored payment solutions to meet the growing global demand.”