LONDON–(BUSINESS THREAD)–Paysafe (NYSE: PSFE ), a leading specialized payments platform, today announced a partnership with ClutchBet, the new Denver-headquartered US mobile sportsbook from Australia’s BlueBet Holdings Ltd. (ASX: BBT). The first phase of a multi-state partnership sees Paysafe’s revamped Skrill USA digital wallet and its Paysafecash eCash solution facilitate online payments for ClutchBet’s Iowa sportsbook and its players.
Launched last month for the 2022 NFL season, the new ClutchBet sportsbook allows Iowans to bet on football, other North American sports league games plus international sports – with the payment experience streamlined by Paysafe, which has since had a presence in the Iowa iGaming market. 2020.
ClutchBet’s cashier now features the Skrill USA digital wallet, which Paysafe upgraded in Q4 2021 to enable players to make iGaming-branded deposits directly from their bank accounts in a matter of seconds. Skrill will allow ClutchBet to better meet Iowa players’ payment preferences, with digital wallets being the preferred alternative payment method of US sports bettors, according to Paysafe’s 2021 iGaming research.
ClutchBet will also offer its high-stakes customers the recently unveiled Skrill USA VIP player program. The program significantly increases the single transaction limit for instant funded deposits depending on individual KYC verification.
ClutchBet players can also cash out effortlessly through Skrill, with their winnings available in real time. Payouts can be transferred from the wallet to their linked bank account in seconds.
The Paysafecash eCash solution is also now available in ClutchBet’s cashier for players who prefer to bet with cash. Sports bettors specify the deposit amount, then pay with cash at thousands of in-store retailers in Iowa and across the US
Beyond Iowa, ClutchBet has market access agreements for its home state of Colorado plus Indiana and Louisiana, where the Paysafe payments partnership is expected to be extended going forward.
Zak Cutler, President of Global Gaming at Paysafe, said: “We are delighted to welcome BlueBet USA, Inc. supporting its entry into the States with the new ClutchBet brand, launching in Iowa, an iGaming market where we have significant experience. We share ClutchBet’s player-centric approach and look forward to ensuring that the brand’s customers, including VIP players, enjoy a fast and frictionless payment experience, whether with our Skrill wallet or Paysafecash.
Jake Francis, SVP of Operations for BlueBet USA, said: “Paysafe has a history in our industry and has built on its mission to provide technologically advanced payment methods for online players. The Skrill USA electronic wallet overhaul will immediately benefit a player database that have been clamoring for immediate withdrawals and flexible limits for too long.”
About Paysafe Limited
Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading specialized payment platform. Its core purpose is to enable businesses and consumers to seamlessly connect and transact through leading capabilities in payment processing, digital wallet and online cash solutions. With more than 20 years of online payment experience, an annualized transaction volume of more than US$120 billion in 2021, and approximately 3,500 employees in more than 10 countries, Paysafe connects businesses and consumers across 100 payment types in more than 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are focused on mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Further information is available at www.paysafe.com.
About Paysafe iGaming
Paysafe brings over two decades of specialized payments experience in support of the global iGaming and sports betting sectors and offers operators a comprehensive range of traditional and alternative payment methods through a single, streamlined API integration. Paysafe is also a leader in digital and affiliate marketing technology and services for iGaming operators through its Income Access business unit.
Since opening the US iGaming market in May 2018, Paysafe has consistently stated its ambitions to be the payments leader in the fast-growing sector, building on its leadership in Canada and Europe. From September 7st, 2022, the company supports 75% of operators in the country with payments or marketing solutions in 22 jurisdictions. In Canada, Paysafe also has a leading position and partners with the majority of regulated iLottery and gaming brands.
BlueBet is a mobile first online bookmaker with a vision to provide more innovative betting products to Australian and international racing and sports customers.
BlueBet offers betting products on 31 sports in Australia and internationally, plus markets for entertainment and politics. BlueBet offers customers a wide range of traditional betting products as well as more innovative products such as Exotics, Same Game Multis and Same Race Multis.
BlueBet is powered by a scalable, cloud-based technology platform, which has been significantly adapted and improved by the company to focus on providing customers with the best experience possible. BlueBet has developed its customer-facing technology platform, website and native applications with a mobile-first strategy, to deliver a premium mobile experience to the customer.