Processing.com Powers 1xBet With Convergent Acquiring
LONDON, August 8, 2018 (Newswire.com) - Processing.com has rolled out its innovative acquiring solution to the world’s* third largest online Sportsbook and casino, 1xBet. As a result of onboarding the solution, 1xBet has been able to increase the approval of credit and debit card transactions – boosting its customer experience as a result. This was most evident during the recent FIFA World Cup where the company was able to capture additional transactions, volume and revenue.
Founded in 2007, 1xBet is a market leader, operating more than 1,000 betting events daily to over 400,000 registered users. 1xBet caters across a variety of gaming markets including sports, live betting and casino.
The fast-growing company had long been seeking the right solution to improve transaction throughput and optimise its marketing efforts. In early 2017, 1xBet and Processing.com entered into a multi-faceted agreement whereby Processing.com was selected to provide global merchant payment processing to support 1xBet’s international expansion plans.
“We have focused intensely on providing bespoke solutions to the gaming industry while catering to the varying needs of clients across an international spectrum. The success of the 1xBet partnership to date shows the importance of a close working relationship and the value of specialist providers,” said Matthew Harrod, Vice President, Europe of Processing.com.
“We have seen our business grow substantially on a global scale,” said Ilias Agathokeious, CEO of Exinvest (1xBET). “Processing.com’s ability to process payments worldwide through a single integration with access to its portfolio of acquirers, along with convergent acquiring to optimise approval ratios, has enabled us to increase revenue due to high approval and conversion rates.”
James Bergman, Chief Revenue Officer of Processing.com added, “It is clear to us and our acquiring partners why 1xBet has had the success that it has with its focus on optimising the overall customer experience. We are proud of the innovation we have been able to provide to 1xBet and others in the gaming industry. It’s the intention to further expand and service their specific needs over the coming years as the relationship grows further.”
Processing.com offers streamlined, multi-currency, payment acceptance solutions for today’s local and international, E-commerce markets. It prides itself in the ability to obtain merchant accounts for clients, based on their extensive partner network.
Services include: Fast merchant account setup, frequent payout schedule, Placement for a wide-range of business types, multi-currency processing, Real-time reporting and Prepaid Card issuing.
Processing.com provides a gateway through which merchants can accept online payments with ease and confidence. All transactions are passed through our secure web API, fortified with built-in Risk & Fraud Management controls, generous bandwidth, and heavily safeguarded contingency servers.