Record month for Paywize in October

A review by Samuel Falcon, COTI’s co-founder and Paywize’s Chief Revenue Office

COTI

Published in

COTI

3 min readNov 4, 2020

Highlights:

More than 75,000 transactions have been processed for merchants in October.
Paywize has signed partnership deals with Soft Gamings and Kindred Group to distribute Paywize Services.
Over 50 new merchants are currently in the process of integrating with Paywize.
Paywize will now give credit card processing solutions to CBD products through agreements with five new banks.
Several top merchants have signed on, including BetWarrior, Entertainment Art and 10bet

As most of our community is already aware, Paywize is a subsidiary of COTI and facilitates credit card processing for our merchants (all of which is mirrored back onto the COTI Trsutchain).

We are happy to say that October has been a record month for Paywize!

More than 75,000 transactions were processed for merchants — A record-breaking month in transaction volumes, further demonstrating the sustainability and resilience of Paywize’s gateway. Paywize expects to grow to around 100K transactions per month in Q4 2020. Most of the growth is coming from new merchants and Paywize’s gaming platform partnerships.
As part of the ongoing efforts to partner with the gaming industry’s giants, we are glad to say that both Soft Gamings and Kindred Group are cooperating with Paywize to facilitate our credit card payment solutions for their merchants and enhance their payment abilities.

Soft Gamings is a leader in the gaming industry, developing feature-rich turnkey platforms, white label platforms, self-service solutions and bitcoin casino solutions, and more. Soft Gamings is also providing the best gaming providers, including Evolution Gaming, BetSoft, QuickSpin, Microgaming, BetConstruct, NetEnt, and much more.

Kindred Group is another leader in the online gambling industry, whose brands consist of 11 brands, among them Unibet, Maria Casino, 32Red, and iGame. The Group offers products such as online casino, online poker, online bingo, and sports betting.

Paywize has also seen tremendous merchant growth in October with over 50 new merchants sign-ups! Merchants are now using Paywize services with server to server card scheme processing, B2C wires, and other gateway services.
We are humbled to say that some of the biggest names in the global gaming industry are now using Paywize services. Such names include 10Bet, which is one of the world’s biggest gaming platforms, and the Kindred Group, as mentioned earlier.
Another of the conglomerates Paywize has partnered with is the well known “Entertainment Art ‘’ who operate a massive gaming platform in Latin America and are now shifting a major part of their business and transaction volume to Paywize’s payment services.
One of the growing trends at Paywize gateway is CBD companies and the entrance of Paywize to the CBD industry, which is in dire need of innovative payment solutions. CBD products include CBD oils, pills/capsules, vapes, creams, and edibles. It’s worth mentioning that Paywize has created strong relationships with different banks at multiple GEOs to cover the needs of CBD merchants globally. The understanding of this unique industry gives Paywize an advantage in terms of service, pricing, and internal features dedicated to CBD merchants.

We are happy to give such a positive update during such times and we look forward to updating more in the future.