Paysafe, a leading specialized payments platform, last week announced a deal to supply Fubo Gaming’s mobile sportsbook with multiple payment options.
According to a news release, Fubo Sportsbook will plug into Paysafe for credit and debit card payments, the Skrill USA digital wallet and Paysafecard and Paysafecash eCash solutions. Fubo Gaming is a Chicago-based subsidiary of leading sports streaming platform fuboTV Inc. Its sportsbook is expected to launch by the end of the year.
With Paysafe, sportsbook users will be able to seamlessly fund deposits via credit card, debit card or ACH bank transfer from a checking or savings account. Bettors will also be able to use Skrill USA to make rapid and secure deposits from their digital wallet account into their Fubo Sportsbook account. Those who prefer cash can choose to deposit using either paysafecard or Paysafecash, with both eCash solutions available at thousands of U.S. retailers.
In addition, Paysafe will facilitate payouts, with bettors now able to choose between ACH withdrawals or Skrill USA’s digital wallet, which will allow winnings to be transferred in real-time to players’ bank accounts. Alternatively, they can use the Skrill Visa Prepaid Card to withdraw winnings as cash from an ATM.
Zak Cutler, CEO of the North America iGaming division at Paysafe, said, “We’re delighted to partner with Fubo Gaming’s forthcoming Fubo Sportsbook. Our comprehensive range of payment solutions, with a strong emphasis on fast and frictionless deposits and payouts, will be key for Fubo Sportsbook’s interactive wagering model, and we look forward to providing strong support to the brand’s launch in Q4 and its future growth.”
Scott Butera, president of Fubo Gaming, added, “We are building our Fubo Sportsbook to deliver a truly integrated and interactive betting experience, where sports fans can be active and engaged participants of the games they are watching and wagering on. To bring that vision to life, we needed a payment partner who was going to provide secure, fast, and easy-to-use solutions for our sportsbook users. Paysafe checks all of those boxes, and we look forward to our continued partnership.”
