Sky takes a punt on real-time payments
04 January 2018 | 9513 views | 1
Sky Betting and Gaming has partnered with Barclays to offer customers a service that will immediately pay out money to their debit cards when withdrawing winnings.
The 'Fast Withdrawals' payment system, developed in partnership with Vocalink, is an innovation in the betting sector, where gamblers currently have to wait up to five days to pocket their winnings.
Sky Betting's head of payments, Andy Sacre, says: "Slow withdrawal times is a key painpoint for our customers and always ranks highly on industry research on what matters most to customers.”
Vocalink chief Paul Stoddart, says the system meets a consumer demand for immediate payments capability across all of their transactional interactions.
“Consumers have been making payments in real-time for years, so why shouldn’t they receive credits to their account in real-time too?" he asks. "Our Real-Time Credit solution which powers Fast Withdrawals, ensures money is returned to consumers securely and instantly.”