Nuvei Expands Payout Options for U.S. iGaming Operators with Verified Withdrawals
September 23 2021 - 9:00AM
Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and
NVEI.U), the global payment technology partner of thriving brands,
announced another enhancement to its suite of payout solutions,
this time for U.S. regulated online sports betting and iGaming
markets. Consumers can now verify their bank account through Plaid
on withdrawals–not only deposits. The Company’s new Verified
Withdrawals product gives all players the advantage of instant
withdrawals, regardless of what method they used to deposit the
funds.
Verified, instant withdrawals offer an enhanced user experience
and are available to operators through Nuvei’s Instant Bank
Transfer technology. The Company was the first in the North
American market to offer real-time payments in sports wagering and
iGaming through its acquisition of Mazooma in August.
Through one partnership and integration, gaming operators
benefit from simple, flexible and secure payout options, with the
ability to fund consumers' payment cards, eWallets and bank
accounts instantly and seamlessly. Nuvei's robust suite of payout
options now include real time payments (RTP) for accelerated
withdrawals, ACH payments, account to account transfers, Visa
Direct and Mastercard Send, all enabling rapid disbursement of
winnings for higher player satisfaction and greater retention.
“Consumers value choice. With our enhanced suite of payout
options that now includes Verified Withdrawals, even if a player
deposits using another payment method, they can still enjoy the
best withdrawal experience and receive their winnings in their bank
account within seconds,” said Philip Fayer, Nuvei’s Chair and CEO.
"Our goal is to offer the best payment experience in the industry,
delivering a seamless customer journey from deposit to withdrawal,
through one single integrated platform."
Verified Withdrawals’ functionality automatically matches
players to their bank account information, reducing manual
reconciliation, and saves operators both time and money. Plus, the
bank account verification with Know Your Customer (KYC) checks
happens before the withdrawal payment, giving operators the
flexibility to review transactions for best risk management
practices.
About NuveiWe are Nuvei (TSX: NVEI and NVEI.U),
the global payment technology partner of thriving brands. We
provide the intelligence and technology businesses need to succeed
locally and globally, through one integration – propelling them
further, faster. Uniting payment technology and consulting, we help
businesses remove payment barriers, optimize operating costs and
increase acceptance rates. Our proprietary platform provides
seamless pay-in and payout capabilities, connecting merchants with
their customers in 204 markets worldwide, with local acquiring in
45 markets. With support for over 480 local and alternative payment
methods, nearly 150 currencies and 40 cryptocurrencies, merchants
can capture every payment opportunity that comes their way. Our
purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Contact:
Investor RelationsIR@nuvei.com
Public RelationsPR@nuvei.com
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