Paysafe Launches Pay by Bank to Expand Payment Options

Paysafe, the alternative payments solution provider, has announced the launch of its new Pay by Bank service, which allows customers to fund iGaming accounts directly from their bank accounts.

Paysafe launches its new Pay by Bank service

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The new Pay by Bank service has been introduced to the iGaming sector in North America, and Paysafe boasts gives players a great deal of flexibility when using the platform. Currently, 27% of bettors in the US have a Paysafe product listed as a payment provider, and this new platform should add to the growth of the provider.

Paysafe has more than twenty-five years of experience in providing multiple payment solutions for players to transfer payments to gambling accounts, including using digital wallets and online cash payments. Paysafe is available as a global solution and payments can be made in over 40 currencies, with transactions valuing more than $140 billion in 2023.

We’re delighted to unveil our new Pay by Bank product for our iGaming solution, which will almost certainly prove very effective in both converting and retaining players for U.S. operators, with the product’s impressive transactional speed and robust security. Through Pay by Bank, we continue to grow the Paysafe Gateway by providing American operators and their customers with unparalleled payment choices, all through a single integration.

Zak CutlerPresident of Global Gaming at Paysafe

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Direct Bank Account Funding Offers Player Benefits

Adding the Pay by Bank service to its list of payment solutions has the benefit of giving customers the advantage of a great deal of flexibility when using the Paysafe platform.

Customers only require a bank account and no additional cards or vouchers to use the platform. This means the Paysafe service is now streamlined and easy for customers to use.

Additionally, this new payment option gives customers a one-click solution payment choice when making deposits and withdrawals from gaming accounts.

The provider is the industry leader in Canada, including in its Ontario province.


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