Easy Payment Gateway signs Colossus Bets deal

(PRESS RELEASE) -- Online payment specialist Easy Payment Gateway (EPG) has struck a deal with Colossus Bets to provide the sports betting operator with its suite of payment processors and services.

Under the deal, Colossus Bets will gain access to more than 220 different payment acquirers, solutions and wallets, supported by EPG's real-time reporting and transaction routing.

Jose Peral, Chief Operating Officer at East Payment Gateway, said, "This is a major deal for EPG, delivering our products and services to one of the most innovative and forward looking sports betting operators in the U.K.

"When it comes to payments, players want to have as much choice as possible and to know they are transacting in a safe and secure manner. This is exactly what our suite of solutions and services provide."

David O'Reilly, COO at Colossus Bets, said, "Easy Payment Gateway offers a vast array of processors and wallets, which will strengthen the payment options we provide our players.

"The backend management of our customer payments will also be streamlined and simplified through our EPG integration."

The news comes shortly after Easy Payment Gateway closed a £5.5 million funding round, with the cash injection being used to drive operational growth with two new offices in Malta and Madrid.

Easy Payment Gateway is an online portal with more than 220 different payment methods and worldwide acquirers. They offer online merchants everything they need to process transactions via a simple yet secure API integration.

Colossus Bets is the pioneer of cash-out, a feature which now pervades sports betting. More recently, the firm has launched its unique "Syndicates" feature, which enables Colossus players to crowdfund tickets into its sports pools.