Nuvei introduces real-time deposits for online gaming in the US
Nuvei has announced that is has partnered with Fifth Third Bank, National Association to provide real-time deposits to the US sports betting and iGaming industries.
The rollout will become available for all Nuvei partners through its open banking platform in North America and will enable merchants to receive instant real-time deposits, as opposed to the traditional deposits across the ACH Network payment system, which usually take a couple of days to settle.
Real-time deposits are advantageous for sports betting customers as customers are allowed to top up their accounts instantly, safely, and securely during live sporting events. Through Nuvei’s new solution deployed, the company can extend its reach and enable a consumer-focused, omnichannel experience.
Available exclusively through Nuvei’s Instant Bank Transfer product, merchants can benefit from instant withdrawals and real-time deposits through the RTP network, which provides a platform for fintechs and corporate users to create innovate new payment products for their clients.