Paysafe Strengthens Iowa iGaming Market Presence with ClutchBet Deal
07 September 2022 - 10:00AM
Business Wire
ASX-listed BlueBet’s new U.S. mobile sportsbook plugs into
Paysafe for upgraded Skrill USA digital wallet plus Paysafecash
eCash solution
Paysafe (NYSE: PSFE), a leading specialized payments platform,
today announced a partnership with ClutchBet, the new
Denver-headquartered U.S. mobile sportsbook from Australia’s
BlueBet Holdings Ltd. (ASX: BBT). The first stage 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 enables Iowans to wager on football, other North
American sports-league games plus international sports – with the
payments experience streamlined by Paysafe, which has had a
presence in the Iowa iGaming market since 2020.
ClutchBet’s cashier now features the Skrill USA digital wallet,
which Paysafe upgraded in Q4 2021 to allow players to make deposits
with an iGaming brand direct 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
favorite alternative payment method of American sports bettors,
according to Paysafe’s 2021 iGaming research.
ClutchBet will also be offering its high-stakes customers the
recently unveiled Skrill USA VIP player program. The program
significantly increases the single transaction limit for instantly
funded deposits, depending on individual KYC verification.
ClutchBet players can also seamlessly cash-out 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 wagering with cash.
Sports bettors specify the deposit amount, then fulfill the payment
with cash at thousands of in-store retailers in Iowa and across the
U.S.
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’re
delighted to support BlueBet USA, Inc.’s entry into the States with
the new ClutchBet brand, starting in Iowa, an iGaming market where
we have significant experience. We share ClutchBet’s player-centric
approach and look forward to ensuring the brand’s customers,
including VIP players, enjoy a fast and frictionless payments
experience whether wagering with our Skrill wallet or
Paysafecash.”
Jake Francis, SVP of Operations for BlueBet USA, commented:
“Paysafe has a storied history in our industry and has leaned-in on
its goal to provide technologically forward payment methods for
online players. The Skrill USA electronic wallet revamp will
immediately benefit a player database that has cried out for
instant withdrawals and flexible limits for far too long.”
###
About Paysafe Limited Paysafe Limited (“Paysafe”) (NYSE:
PSFE) (PSFE.WS) is a leading specialized payments platform. Its
core purpose is to enable businesses and consumers to connect and
transact seamlessly through industry-leading capabilities in
payment processing, digital wallet, and online cash solutions. With
over 20 years of online payment experience, an annualized
transactional volume of over U.S. $120 billion in 2021, and
approximately 3,500 employees located in 10+ countries, Paysafe
connects businesses and consumers across 100 payment types in over
40 currencies around the world. Delivered through an integrated
platform, Paysafe solutions are geared toward 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 supporting the global iGaming and
sports-betting sectors and provides operators with a comprehensive
suite 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 the opening-up of the U.S. 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. As of September 7th, 2022, the company supports
75% of operators in the country with payments or marketing
solutions across 22 jurisdictions. In Canada, Paysafe also has a
leading position and partners with the majority of regulated
iLottery and gaming brands.
About BlueBet BlueBet is a mobile-first, online bookmaker with a
vision to provide more innovative wagering products to customers of
Australian and international racing and sports.
BlueBet offers wagering products on 31 sports in Australia and
internationally, plus entertainment and politics wagering markets.
BlueBet provides customers a wide range of traditional wagering
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 materially customized and enhanced by the
Company to focus on providing customers with the best experience
possible. BlueBet has developed its customer-facing technology
platform, website and native apps with a mobile-first strategy, to
deliver a premium mobile experience to the customer.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220907005256/en/
For further information about Paysafe, please contact: Nick Say,
Senior Manager of Corporate Communications, North America, Paysafe
E: Nick.Say@Paysafe.com
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