MoneyMatrix has partnered with PayPal to enhance its already comprehensively curated offering to the iGaming sector. By including PayPal on their platform, iGaming businesses in 15 countries can now enjoy a fully integrated payment processing solution where Know Your Customer (KYC) and fraud prevention measures are built-in features.
According to MoneyMatrix CEO, Samoil Dolejan: “There is no gambling without payments and we are dedicated to helping our clients run their operations smoothly and effectively while giving them access to a vast portfolio of global and local payment methods”.
Online casino players who gamble at a MoneyMatrix partner casino can now top up their account and cash out winnings safely and efficiently in 14 European Union countries as well as the UK.
Who is MoneyMatrix?
Founded in 2014, MoneyMatrix achieved PCI DSS Level 1 certification in 2015 and enabled them to develop over 150 payment solutions and back-office features before launching onto the market. Once fully licensed in Malta, they were officially operational and began their journey to serve over 60 clients by 2019.
They were so successful that by 2018, they had already received recognition at the Malta Gaming Awards when they won the Best Payments Aggregator Award, as well as the Best in Business Payment Processing and Risk Management Company Award. In 2019, they received the Starlet Awards Payment Solutions Provider of the Year award catering to over 60 clients globally.
Based in Malta, MoneyMatrix is part of the EveryMatrix group which offers services centred around payment routing and risk management. They do this through a compliance micro-server which means companies can benefit from reduced operational costs and optimise resources.
MoneyMatrix has a vision of making payment processes simple, user-friendly and accessible. Given the popularity of PayPal on the global online gaming market, adding it as a payment solution is an obvious avenue for growth.
Dolejan noted that: “PayPal is one of the most popular payment methods globally, so naturally, we are glad to make their solution available to our iGaming clients. Players in 14 EU countries and the UK will now be able to select PayPal as their preferred payment method, which is highly convenient and an added benefit for operators using MoneyMatrix.”
Online casinos who offer services to players in Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Poland, Romania, Spain, Sweden and the United Kingdom can send and receive payments through PayPal with the assurance that their transaction is 100% safe and secure.
Since PayPal has been in business for 20 years and already boasts a customer base of around 350 million users and 200 merchants. The partnership with MoneyMatrix, who is one of the latest payment processing platforms, will benefit clients with improved services that are made possible thanks to the knowledge and experience gained as their businesses grew and evolved.
MoneyMatrix has already displayed strategic savvy within the relatively short time they have been on the market, we look forward to seeing where this partnership leads within the next few years.