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LeoVegas launches open banking payment method

2 Dec 2020

Leo Vegas CasinoLeoVegas announced last week that players are, from now on, able to use open banking as a payment method on its website. The so-called PSD2 (The Revised Payment Services Directive) is an open banking payment solution that combines many benefits for both players and operators.

LeoVegas Payments to Undergo Upgrades

More specifically, an open banking payment solution allows bettors to share their transaction history, giving them a new way to pay. The payments are more secure and faster. It is also expected that transaction fees will be lower. LeoVegas is planning to launch this payment method in many European markets.

Gustaf Hagman, Chief Executive at LeoVegas, stated: “Secure, seamless and fast payments are incredibly important, and the fact that we now – through PSD2 – have the opportunity to directly integrate with many European banks will provide a superior customer experience offered by security and speed.” He continued saying: “We are first out in the industry with this pioneering payment solution, which will change the entire payments industry in the years ahead.”

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LeoVegas is an established bookmaker that has been online since 2016. It has proved itself in terms of reliability by acquiring several Tier 1 licenses and partnering up with top football clubs. Even though the number of events on the website is generally low, I appreciate the overall payout. You can find dozens of special markets, and essential tools are available. I also liked the fact that it pays a lot of attention and knows how to reward loyal players through the VIP Program. This doesn’t mean there are no drawbacks. Strict regulations mean that crypto is not accepted, and the service is restricted in most countries worldwide. What’s more, navigation is difficult, especially if you are a new user. Finally, I would like to see the winning and withdrawal limits increased sooner than later. Overall, LeoVegas is a solid and trusted alternative for sports betting. Feel free to give them a try.

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