Payment firms Worldpay and Paysafe Group have joined forces to introduce a solution for sports and iGaming betting in the US.

The partnership will utilise Worldpay’s optimised credit card processing, fast-fund payouts along with treasury and payment solutions. The aim is to support universal payment acceptance for iGaming betting and lower operating expenses.

On the other hand, the alliance will leverage Paysafe’s online gambling and gaming digital payment options. This includes its NETELLER wallet and paysafecard online cash solution.

Worldpay EVP, head of global enterprise ecommerce Shane Happach said: “As a leading payments provider for iGaming companies, state lotteries and land-based casinos, Worldpay is excited about the enhancements this partnership will bring when it comes to maximising payment acceptance, enabling new digital wallets, as well as minimising fraud risk and lowering cost.

“Our combined strengths and capabilities will simplify payments for gaming operators, while also continuing to show our attentiveness to responsible gaming and our mission to protect the integrity of every transaction.”

Through integration of their capabilities, the companies intend to increase a player’s payment options and thereby, facilitate better conversion and retention.

According to the companies, the new solution will offer one point of integration, to multiple payments solutions including credit card processing, digital wallets, cash payment solutions, ACH as well as near instant push-to-card payouts.

Paysafe Group president and CEO Joel Leonoff said: “Our innovative approach means we can support all transactions, no matter how the player wants to pay.”