It broadens deposit options, increases payment exception rates and improves fraud detection
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sports betting site Luckbox announced Thursday a new partnership deal with Bambora, which implies the launch of PaymentIQ gateway, which went live on its platform on August 12th.
The PaymentIQ solution is designed to bring a direct benefit to Luckbox as it immediately expands deposit options for players by providing access to every common payment methods, which include major credit cards, e-wallets, automated online bank transfers, mobile payments and invoicing.
The PaymentIQ solution also increases payment exception rates and improves fraud detection.
On this new alliance, Luckbox Head of Payments, Boris Kostadinov spoke in a press relase and said: “This is an important addition to the Luckbox platform as it enables us to provide players with more comprehensive and frictionless payment options, which in turn supports the Company’s plans for robust revenue generation. In short, it is designed to help us increase players’ ability to bet”, he noted.
“This integration with PaymentIQ is another important step in the improvement of our platform as we strive to exceed the expectations of players ahead of scaling up our marketing spend”, he concluded.
Per Sundell, Senior Business Development Manager at Bambora, added “we are delighted and proud to have the opportunity to assist Luckbox with their payments through our platform, PaymentIQ, and we look very much forward to streamlining Luckbox’s payment flows and growing together.”
