by Hillary LaClair, Senior Editor
Six weeks after the online casino industry was introduced UK based Ivobank, the financial institution has skyrocketed and spread to France, Italy and Germany. The online bank whose forte is online payments and money transfers is a godsend of sorts to internet casino merchants, affiliates and players.
The company, owned by Indonesian billionaire Putra Sampoerna, was initially opened in UK, Span, Ireland and Canada. However, with payment processors thinning, Ivobank has already seen a great deal of activity. Because of the cross border online payments that Ivobank accepts, business is starting to reach the rest of the world.
Timothy Sawyer, managing director of Ivobank commented, “More businesses and people are now choosing to bank online, make payments and transfer money on the internet. Following our successful launch, we are looking forward to opening up our rapid payments service to more customers across Europe and plan to introduce our service to even more European countries shortly.”
Ivobank assures its clientele private and secure payments, around the clock customer support by way of phone, live chat and e-mail, competitive interest rates, a virtual debit card that may be used anywhere where MasterCard is accepted, and finally a commission free money transfer.
Ivobank has no initial sign-up fee, low transaction fees and multi-currency settlement in Europe, making it a great venue for online casino users. The internet bank is available in France, Germany and Italy and is regulated by the FSA in Britain.