Worldpay Expands Access, Giving Punters More Payment Options

Punters in regulated markets around the world are getting another payment option to help move money between casinos and their bank accounts, as Worldpay, Inc. announced that they're expanding to 50 new markets.

The company is bringing their real-time payout solution to the swath of new countries, and sees money moved to their debit card or bank account in almost an instantaneous fashion. Some casino groups have long used Worldpay as a means of paying punters, and with the country options opening up, it's more likely than not that we'll start seeing more sites offering it as a solution to punters.

Worldpay currently operates in several large markets around the world, including the UK and the United States. The company was founded in 1989 and is currently traded on the New York Stock Exchange, with its headquarters based in London.

Commenting on the launch Worldpay Head of Global Enterprise, eCommer Shane Happach said, "As more and more companies send payments at lower values, cross-border, it will become a competitive differentiator to send quicker payouts to consumers and inexpensive disbursements to vendors and suppliers. It is estimated that by 2025, the sharing economy will generate Europe-wide revenues worth over €80bn and facilitate nearly €570bn of transactions. At the heart are seamless, transparent, secure payouts, which can be made via card, mobile wallet or bank transfer in any currency, anywhere in the world."

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bgsharpe
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15 October 2018 - 3:01pm
#1

Hopefully will see that company services being implemented to more and more gambling operators which would no doubt satisfy not only their customers but also would be a huge positive for any of the brands using it I guess.
It's the payment system that I've always imagine it suppose to be..instant transactions at no cost..too long since we've been awaiting that.

auCL-Ed
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16 October 2018 - 12:50am
#2

Some of the older casino groups have been using Worldpay to pay players via bank transfers in different currencies for a long time. I've received a few via Worldpay myself and I've not been impressed.

In my experience you get a transaction that says something like "WORLDPAY TRANSFER 12344567788" and that's it. That's not much of a problem for occasional casino withdrawals but I can imagine how frustrating it would be for someone running a business trying to reconcile mystery payments. I don't know whether the problem is with Worldpay or with the casinos trying to hide their payment company names. Let's hope they can improve their systems to actually tell you who the money is coming from.

sharpe

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usReckless Bets
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16 October 2018 - 11:42am
#3

Chumba Casino (the strange sweepstakes/casino that's still going strong in the US) switched from PayPal to Worldpay several months ago. It's obviously much slower to get ACH transfers, but they do say both Worldpay and ChumbaCasino on the payment descriptions so they're at least not hiding that data.

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bgsharpe
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16 October 2018 - 5:46pm
#4
CL-Ed wrote:

Some of the older casino groups have been using Worldpay to pay players via bank transfers in different currencies for a long time. I've received a few via Worldpay myself and I've not been impressed.

In my experience you get a transaction that says something like "WORLDPAY TRANSFER 12344567788" and that's it. That's not much of a problem for occasional casino withdrawals but I can imagine how frustrating it would be for someone running a business trying to reconcile mystery payments. I don't know whether the problem is with Worldpay or with the casinos trying to hide their payment company names. Let's hope they can improve their systems to actually tell you who the money is coming from.

Yeah OK Ed, but from the regular casino players view that shouldn't be too much of an issue an that what we care the most, isn't it?
In the end that's still a system that pays instantly if I get it right?

auCL-Ed
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16 October 2018 - 10:16pm
#5

They are more or less just an intermediary that allows a casino to do low cost foreign exchange and send payments to people's bank account using the normal banking system. They aren't any faster than anyone else doing the same.

sharpe

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bgsharpe
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17 October 2018 - 5:19pm
#6

Oh, OK, I thought it's about instantaneous payment system, obviously my mistake then.

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