e-Processor Expands
The payment processing industry has seen some major changes in the past several
years – from the withdrawal of Neteller from the U.S. online casinos industry to
the expansion of Paysafecard in the European, there are new options for internet
gamblers. Europe has increasingly liberalized its online casino gambling
policies over the past few years, the UK in particular is welcoming new gambling
opportunities. With the huge growth in the European online gambling industry
comes a need for new payment systems for gamblers. Paysafecard is a viable
alternative to using banks and established financial institutions for gambling
and ecommerce transactions.
Paysafecard now plans to expand into even more of the online casino gambling
market throughout Europe thanks to an e-money license from the British Financial
Services Authority. The new license allows Paysafecard to effectively offer
e-payment processing services across Europe and into new European countries that
do not yet have a major processing provider.
Online casino gamblers are increasingly looking toward payment processing
companies because of the safety factor – the CEO at Paysafecard, Michael
Mueller, comments on the difference between the two is that “unlike the banks, [Playsafecard
is] obliged to maintain 100 percent cash cover of deposits."
Paysafecard has rapidly grown over the past several years to become one of the
top choices for gamblers involved in online casino gambling and e-commerce. The
new license though will pave the way for even more growth. The online casinos
industry is booming, and Mueller observes that “the e-money licence is an
enormous step forward. We will optimise our value chain and gain greater
autonomy in the market through the licence. Obtaining it is one of the biggest
milestones in the eight-year history of our company.” |