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 'risky' by traditional merchant services. This partnership is set to provide these industries with much-needed secure, efficient, and compliant payment processing solutions.
At the heart of this alliance is Approvely's innovative instant payout product, a breakthrough for daily fantasy sports (DFS) and online gaming companies. This technology enables these businesses to pay their players instantly, eliminating the burden of large minimum commitments and significantly enhancing the user experience. Rick Wolf, Founder of Full Moon Sports, lauded Approvely's proactive engagement with the industry and its commitment to developing tailored solutions.
The significance of this partnership cannot be overstated. For years, businesses in these sectors have faced limited access to quality merchant services, a challenge that has stifled growth and innovation. By joining forces, Full Moon Sports and Approvely are not only addressing these operational hurdles but also setting a new benchmark for financial services in the industry.
Chelsie Cooper, CEO of Approvely, highlighted the strategic value of the partnership, noting its potential to accelerate business growth in fantasy sports, sports betting, and horse racing. Approvely's advancements in pari-mutuel wagering and compliance-focused partnerships further demonstrate the company's dedication to serving these niche markets.
This partnership arrives at a critical juncture, as the fantasy sports and sports betting industries witness unprecedented growth and regulatory scrutiny. The demand for reliable payment solutions is at an all-time high, making the collaboration between Full Moon Sports and Approvely a timely and impactful development.
For more information on Full Moon Sports, visit https://www.fullmoonsports.com, and to learn more about Approvely, visit https://www.approvely.com.
