Processing.com has rolled out its acquiring solution to 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 operates more than 1,000 betting events daily to over 400,000 registered users, across a variety of gaming markets including sports, live betting and casino.
The company had long been seeking the a 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.
Matthew Harrod, vice president, Europe, of Processing.com, said: "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.”
Ilias Agathokeious, CEO of Exinvest (1xBet) said: "We have seen our business grow substantially on a global scale. 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."
