The collaboration between Full Moon Sports and Approvely represents a pivotal development for the fantasy sports, sports betting, and horse racing industries, sectors historically hampered by their classification as high-risk by traditional merchant services. This partnership is set to provide these industries with much-needed secure, efficient, and compliant payment processing solutions, a move that could significantly alleviate operational hurdles and foster growth.
At the heart of this alliance is Approvely's innovative payment technologies, including an instant payout product that enables daily fantasy sports and online gaming companies to pay their players instantly, without the constraints of large minimum commitments. This feature, as highlighted by Rick Wolf, Founder of Full Moon Sports, addresses a pressing need within the industry, offering a level of flexibility and efficiency previously unattainable.
The significance of this partnership extends beyond operational efficiencies. It challenges the stigma associated with these industries, opening doors to more reliable and comprehensive merchant services. Chelsie Cooper, CEO of Approvely, underscored the strategic value of aligning with Full Moon Sports, noting the potential to accelerate business growth across three major sectors through this collaboration.
As the fantasy sports and sports betting industries continue to expand, the demand for robust financial solutions becomes increasingly critical. The Full Moon Sports and Approvely partnership is poised to meet this demand, offering tools that not only streamline payment processing but also enhance fraud protection. This could set a new benchmark for financial operations in these sectors, providing businesses with the stability and trust needed to thrive.
For more information on Full Moon Sports, visit https://www.fullmoonsports.com, and for Approvely, visit https://www.approvely.com.
