MoneyMatrix has recently announced a partnership deal with PayPal that will enable iGaming customers using the payment processing gateway to top-up and withdraw through PayPal, benefiting customers across 14 EU countries and the UK.
The new contract with PayPal will have a good partner for MoneyMatrix which will ensure the further growth of PayPal.
The deal also entails that PayPal top-up and withdrawals will be directly integrated into MoneyMatrix’s payment processing platform. This means that any online platform using MoneyMatrix’s suite will be able to transact through PayPal.
The partnership would ultimately benefit bookmakers and casino operators who are offering MoneyMatrix’s payment services, allowing customers the option to choose among the most popular payment methods.
MoneyMatrix is one of the major payment providers across the UK and EU. The company seeks to provide an accessible and simple payment process for its users. It serves a wide range of markets but is more commonly used in the igaming space.
The chief executive officer of MoneyMatrix, Samoil Dolejan, has commented on this latest partnership saying that this development is only natural for MoneyMatrix to enter as PayPal is one of the most popular payment methods in the world. He further added that this partnership is an exciting prospect for the company because costumers in 14 EU countries and the UK will be able to select Paypal as a preferred payment method, making transactions more convenient and in turn, adding more value to MoneyMatrix’s operator partnerships.
The upgraded service will be available to various EU countries particularly Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Poland, Portugal, Romania, Spain, Sweden and the United Kingdom.
Dolejan also went on to express that there is no gambling without payments and that the MoneyMatrix is dedicated to helping its clients run their operations smoothly and effectively while giving them access to a vast portfolio of global and local payments methods.
In line with what Dolejan said, PayPal is in the digital payment platform market for more than 20 years and is one of the most popular payment platforms used around the globe. PayPal has reached this level of success as it has made financial services more accessible and convenient through the use of technology. PayPal’s current payment platform is widely used today with over 350 million individual and business users across the globe. Though Paypal transactions have been through fiat currencies, the platform has just recently added a slew of cryptocurrencies as a means of payment.
Though PayPal is a long-standing platform, MoneyMatrix is one of the newer payment processing platforms. It uses the latest tools that address both the payment processing and risk control needs of operators. A single integration, created by the payment solutions provider will provide payment routine, risk management and KYC solutions worldwide.