Paramount Commerce, a global bank-account-based payments provider, has launched its Instant Bank Transfer payment solution in Canada for iGaming and sports betting operators.

The product, proven in the North American online gaming and sports betting markets, delivers industry-leading conversion, ubiquitous bank coverage, and state-of-the-art risk management.

Instant Bank Transfer was built for gaming with innovative features such as 1-click express deposits and in-game deposits. These features allow consumers to make deposits to their online gaming accounts quickly and securely without leaving the gaming experience. The solution validates payment account ownership on withdrawals as well as deposits, so consumers can use Instant Bank Transfer to collect their winnings directly to their bank account–regardless of the method used to deposit funds.

“With low credit card acceptance rates, Canada’s iGaming market needs a seamless bank-account-based payment option. Instant Bank Transfer will greatly benefit Ontario’s newly regulated market by improving player acquisition and loyalty,” Dave Roe, COO of Paramount Commerce, said.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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