Hard Rock Sportsbook has secured an agreement with payment platform Nuvei Corporation, leveraging the latter’s payment solutions for its sports betting app.
Coming just days after announcing its launch in Virginia, Hard Rock Sportsbook will allow online and mobile users to instantly deposit funds to their gaming wallet from their bank account thanks to Nuvei’s instant bank transfer technology.
Furthermore, players can withdraw their funds from their Hard Rock account at any point using the payment platform’s integration with The Clearing House’s Real-Time Payments (RTP) network.
“Hard Rock Sportsbook is building the best product in the market with an engaging, entertaining and frictionless experience for the sports betting player and being able to provide instant access to funds is fundamental,” said Matt Primeaux, Executive Managing Director and President of Hard Rock Digital.
“We’re excited to continue to roll out the all-new Hard Rock Sportsbook app to more states across the country and Nuvei’s technology and partnership is essential to creating our industry-best player experience.”
As it currently stands, around 70% of transactions processed by Nuvei are via instant payments on its RTP network.
However, the provider states that this could be higher and that the only limitation is that some players’ bank accounts are not connected to an RTP network – therefore those payments are processed via an Automated Clearing House (ACH) system as a backup.
“We know players want to be able to deposit and access funds from their gaming account immediately when they request a withdrawal, which is why we were first to market last year offering players instant payouts via the Real-Time Payments network,” added Nuvei Chair and CEO Philip Fayer.
“Enabling Hard Rock Sportsbook to offer instant deposits and payouts is just another example of why Nuvei is the leading payments technology partner for the iGaming industry in the US.