Yet another payments partnership has been signed in the US betting and gaming space, with betPARX entering into an agreement with Pavilion Payments.
The Philadelphia-based betting group, licenced in Maryland, Michigan, New Jersey, Ohio, Pennsylvania, will utilise Pavilion’s real-time payments (RTP) solution.
The partners state that the integration will enable instant payments for betPARX customers and ensure ‘broad coverage’ across various financial institutions. Payouts can also be processed via a Same Day ACH for betPARX customers which are ineligible for RTP or FedNow.
“At betPARX, we are dedicated to providing our customers with the best possible experience, and that includes how quickly they can access their winnings,” said John Dixon, COO of betParx.
“By partnering with Pavilion Payments and implementing their Real-Time Payments solution, we are able to meet our patrons’ expectations for instant payouts, enhancing their overall gaming experience.”
The nationwide US betting and gaming market was made legal in 2018 when the PASPA federal legislation was repealed. In the years since 36 states have opened markets for either sports betting, igaming or both.
Payments has proven crucial in this highly competitive landscape. Industry observers have noted the importance of payments in setting operators out from the competition in interviews with Payment Expert, such as Nicole Cemelli, Vice President of Finance at Tipico Sportsbook.
Against this backdrop, several payment providers have been looking to seize the opportunity the industry provides, including Pavilion. The firm operates with a strong focus on this market, detailing that its then-newly appointed CEO, Dan Connors, would work to build partnerships in the space back in April.
Brian Clayton, Senior Vice President, iGaming at Pavilion Payments, added, “At Pavilion Payments, we are committed to putting our customers first, which is why we developed our Real-Time Payments solution.
“This feature directly addresses a common concern among patrons: while deposits are instant, withdrawals should be too. By partnering with betPARX, we’re ensuring that their customers can enjoy not just a seamless deposit experience, but also the instant access to their funds that they expect and deserve.”
