Online betting customers could see changes in the way that payments are processed at their favourite betting sites following the launch of a new range of products from a payment specialist.

Global payment operator Start2Pay has announced the development of a range of new pay-out products that will serve the betting industry. The new tools, which are set to be debuted at ICE London, which takes place next week, are aimed at speeding up the payout process and payment speed as well as increasing the variety of payout solutions that operators can use.

The Start2Pay tools will enable both cash outs and deposits through local card methods, as well as bank transfers, electronic wallets, cash terminals, and other payment methods. Speaking about the launch, the Business Development Manager for Start2Pay, Ross Borg, said that they had used their experience in the payments sector to design a service aimed at the betting industry:

“With fully bespoke payout limits for each payment system used, as well as API-based delivery and full control over your transactional data, we’re delighted to be bringing our expertise into betting and gaming, ensuring our partners are ready to enter any new market in line with local payment infrastructure.”

The tools will give operators the ability to process one-click payments and are designed to enable betting companies to manage seamless payments services in more than 100 different payment systems around the globe. The new products are fully certified through the Payment Card Industry Data Security Standard (PCI DSS), and the bespoke payments products are already being used by GG. Bet and casino affiliates V.Partners. The CEO at GG.Bet, Phin Smith, added his support for the product, saying that it had helped his company to significantly improve their payment processes across a range of different markets.

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