Nuvei Gives Hard Rock Sportsbook Instant Deposit, Payout Capabilities

Payment platform Nuvei has teamed up with Hard Rock Digital to offer payments services for its Hard Rock Sportsbook mobile app for players in Arizona, Virginia and states with upcoming launches, according to a Tuesday (May 17) company press release.

As part of the partnership, players will be able to instantly deposit funds to and from their gaming wallet to their bank account using Nuvei’s Instant Bank Transfer technology in real time through Nuvei’s integration with The Clearing House’s real-time payments (RTP) network.

“Hard Rock Sportsbook is building the best product in the market with an engaging, entertaining and frictionless experience for the sports betting player, and being able to provide instant access to funds is fundamental,” said Matt Primeaux, executive managing director and president of Hard Rock Digital.

The RTP network is accessible to financial institutions that hold 75% of U.S. demand deposit accounts (DDAs). The network currently reaches 61% of U.S. DDAs.

Related: Payments Platform Nuvei Debuts Real-Time Deposits for Online Sports Betting, Gaming

Earlier this month, Nuvei said it’s teaming with Fifth Third Bank, National Association to add real-time deposits for sports betting and iGaming in the U.S., allowing merchants to receive instant real-time deposits.

It will differ from traditional deposits with the ACH Network payment system, which can take several days to settle. The real-time deposits use The Clearing House’s RTP network and move more quickly.