Trustly to bolster instant payouts in US gaming market

Open Banking payments provider Trustly is working with partner PointsBet to offer US bettors instant payouts bolstered by Cross River Bank. 

Trustly and Cross River will work in tandem to provide PointsBet players with a payment journey that is accessible and seamless, utilising Trustly’s technology infrastructure to make instant withdrawals of winnings into their bank accounts. 

This payment process will now allow PointsBet to fund payments directly with Cross River, which will send payments on behalf of PointsBet to their players’ bank accounts in a bid to speed up the transaction process. 

John Parsons, Vice President of Gaming at Trustly, said: “We are thrilled to partner with PointsBet to offer Trustly Instant Payouts. 

“This product, made possible by our collaboration with Cross River, will help facilitate a delightfully seamless payout experience for sports bettors nationwide.”

This announcement also builds upon the pre-existing relationship between Trustly and Cross River, with the latter being an early participant in the former’s RTP network. 

“Cross River partners with some of the most innovative companies that provide consumers with the cutting-edge financial solutions they need and want,” said Adam Goller, EVP, Head of Fintech Banking at Cross River. 

“Our partnership with Trustly enables just that, solving a pain point in this vertical for a long time. Fueled by Cross River’s participation in the RTP network, consumers can now receive instant payouts and immediate access to their winnings.”

For players making bets on the PointsBet platform, Trustly Instant Payouts aims to enhance the payout process, allowing players to access winnings instantaneously. 

“PointsBet is always looking for innovative ways to deliver our customers a best-in-class betting experience,” said Mark Hughes, Chief Product Officer at PointsBet USA. 

“We have recently enhanced our platform with the addition of new Lightning Bet markets for the NFL, solidifying our stance as the home of live betting. Now we’re doing it again by offering our clients instant payout options.

“We’re excited to partner with Trustly and Cross River as we continue to redefine the sports betting landscape.”