As the online gaming industry is evolving day by day, its payment partners are working hard to provide the right mix of payment options. One payment method which is set to be a game-changer for the gaming industry is real-time payments. The speed of real-time payments will prove to be an asset for both players and operators.
According to Payments Journal, “Real-time payments (RTP) are initiated and settled nearly instantaneously.” For players, the rapid nature of real-time payments can play a huge role in instant gratification. Instant gratification has become an important component in a consumer’s life. Whether it is the arrival of their Amazon package or their food order, consumers crave instant gratification. On online gaming platforms, the most common type of instant gratification a player (or consumer) can get is through instant withdrawals supported by real-time payments. According to a TrueLayer report, “8 in 10 players said fast payouts are important when choosing an online gambling or betting provider.” With real-time payments and features such as Mazooma’s Instant Withdrawals, players can withdraw their winnings immediately into their bank accounts, safely and securely, 24/7/365. Real-time payments can fulfill the instant gratification element that players look for when choosing an online gaming platform.
Additionally, real-time payments also benefit online gaming operators. As players strongly prefer online gaming platforms with fast payout options, online gaming platforms that provide real-time payment methods may have better player acquisition and retention. Operators can also take advantage of the security that real-time payments offer. Mazooma’s Instant Withdrawals supported by real-time payments offer a fully authenticated transaction through Plaid. In addition, all transactions are good funds, irrevocable, and offer positive confirmation of payment status, building market credibility and trust. Real-time payment features not only help online gaming platforms by bringing in new players, but also assist in building trust between players and operators.
Real-time payments are becoming a game-changer for the online gaming industry. The speed of real-time payments is helping to fulfill the instant gratification component for players, while also helping operators in player acquisition and retention.
To learn more about real-time payments, the customer journey, and the latest in payments technology, join Mazooma’s Director of Sales & Account Management, Sereena Boparai, in the “Payments and the customer journey” panel happening on December 1st at 12:10pm ET at SBC Summit North America 2021 in the Meadowlands Exposition Center in New Jersey.
Also for more information on Nuvei and its products please visit us at Booth 517 at SBC Summit North America 2021 from November 30th to December 2nd, 2021.