ACH Payments now a part of the Regulated US Online Gambling Industry

SafeCharge and Mazooma have signed a deal to provide ACH payments to serve the online sports betting and igaming industry in the United States.

The US Supreme Court had legalized online sports betting in May 2018. Since then, the online gambling industry has seen new and innovation payment methods. Not only do these new methods help reduce fraud, but also enhance customer experience.

eCheck Select from Mazooma will be responsible for ACH payments. This service helps verify bank related information for all customers. At the time of the transaction, eCheck will verifies the individual’s account balance in real time. Based on the verififcation, the transaction will either processed or terminated.

Commenting on the new partnership, CEO Mazooma stated:

“We’re pleased to make our ACH technology available via the SafeCharge Payments Engine. With eCheck Select, igaming operators entering the newly-regulated US market can offer players here a seamless payment experience that increases transaction and onboarding success.”

Jamie MacKay, CEO Mazooma

Read more about their partnership here, SafeCharge Signs Deal with Mazooma to Provide ACH Payments to Online Sports Betting and iGaming Operators in US

ACH Payments – Now a preferred B2B Payment Method

The world of payments is evolving where handwritten, paper checks are seldom used. Digital payments are the way to go now. Ease of use, payment and processing speed are only some of the reasons why more and more companies are adopting ACH payments as their preferred payment mode.

According to reports, 73 percent of accounting professionals stated that they use ACH payments to clear their clients’ invoices. Learn more about such interesting statistics in the article titled “ACH Shows Signs Of B2B Payments Dominance