Paramount Commerce goes live with Instant Bank Transfer solution in Canada

Paramount Commerce has launched Instant Bank Transfer in Canada, a payment solution built for the gaming industry.

The global bank-account-based payments provider’s solution provides igaming and sports betting operators with ‘industry-leading conversion, ubiquitous bank coverage, state-of-the-art risk management’ and includes tools such as one-click express deposits and in-game deposits. 

Dave Roe, COO of Paramount Commerce, commented: “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.”

Instant Bank Transfer’s features allow consumers to make quick and secure deposits to their online gaming accounts without leaving the gaming experience. 

The solution validates payment account ownership on withdrawals and deposits, so patrons can use the solution to withdraw their winnings directly into their bank account, no matter the deposit method used.

Paramount Commerce’s Instant Bank Transfer launch into Canada was announced at the Canadian Gaming Summit.