Rush Street Interactive (RSI) claims that the integrated debit payments solution, which debuted on RSI's BetRivers platform in collaboration with fintech firm Sightline Payments, is an industry first.

First in the Industry

What does it signify?  more ease of use when interacting with an online gaming platform.  According to a statement released today by RSI, the solution would make it easier for gamers to see account balances and spend their money.

According to RSI's statement, this will lessen churn, the need to often withdraw and redeposit money, as well as the associated high payment fees and delays.  The new product is a white-labeled version of Sightline Debit and is called BetRivers Debit.

Sightline Debit is a payment infrastructure designed for online and offline gambling, sports betting, and demand deposit accounts.  Users receive a Visa-branded debit card that is connected to a bank account that is insured by the FDIC and contains gaming funds.  This makes it possible to spend money both inside and outside of gaming platforms instantly.

Expensive Payment Fees

Additionally, customers are better able to stick to their gaming budget when monies designated for gaming activities are divided.  That encourages gambling responsibly.

Cross River Bank supports the offering, according to Omer Sattar, CEO and co-founder of Sightline Payments.

“The cost of payments in digital gaming is staggeringly high, on average, 4.5x higher than that of other industries. Over nearly 3 years and 200,000+ hours worked, in deep collaboration with 7 of the largest gaming operators in America, we painstakingly took the payment ecosystem apart and reassembled it, creating an entirely new, bespoke ecosystem where payments in gaming now is cheaper for operators and easier, safer, and more responsible for patrons,” said Sattar in August, when the company launched Sightline Debit.

Reducing Churn

“We remain deeply committed to putting our players first. The launch of the online gaming industry’s first integrated debit payments solution marks a major step forward in enhancing the BetRivers experience,” said Richard Schwartz, CEO of RSI. 

“We’re proud that our team helped shape this innovative payment solution in close collaboration with Sightline. It further underscores RSI’s leadership in delivering cutting-edge technologies that elevate the player experience,” he said. “Our collaboration with Sightline Debit demonstrates our commitment to integrity, innovation, and delivering exceptional player experiences. Being first-to-market with revolutionary new technologies benefits the entire RSI operation – from our team to our players to our investors.”

According to the corporation, BetRiver's product was launched in New York as the initial stage of a wider growth.