PrizePicks' business model claims to revolve around simplicity, so Nuvei’s payment page, Cashier, is expected to deliver seamless deposits and payouts; all the while providing a frictionless and improved payment experience for online customers, maintaining compliance with local regulations.

Nuvei will optimise payments by increasing acceptance rates, minimising abandonments and diminishing fraud.

Additionally, declined transactions will trigger an automated recovery function that will provide the player with other payment options and a second chance for approval.

Nuvei’s Chair and CEO, Philip Fayer, commented: “Companies working in complex markets are seeking technology partners with proven track records and business intelligence to ensure their rapid expansion.

"We are confident PrizePicks will demonstrate significant progress in the upcoming quarters as they leverage our platform to drive agile and scalable growth.”

Adam Wexler, CEO for PrizePicks, added: “As our customer base continues to expand, so does the need for elegant solutions when it comes to fulfillment.

"As more US states legalise sports betting, we are accelerating our expansion plans. Nuvei’s vast expertise in iGaming payments, along with their Cashier technology, is exactly what we need to keep the player experience for our customers seamless and enjoyable.”