Paysafe Streamlines Payments for Interactive Wagering With Fubo Gaming in US
Forthcoming Fubo Sportsbook to plug into Paysafe for full suite
of traditional and alternative payments
Paysafe (NYSE: PSFE), a leading specialized payments platform,
today announced a partnership with Fubo Gaming, the Chicago-based
subsidiary of leading sports-first live TV streaming platform
fuboTV Inc. (NYSE: FUBO). Expected to launch in Q4 2021 subject to
obtaining requisite regulatory approvals, Fubo Gaming’s mobile
sportsbook, Fubo Sportsbook, will plug into Paysafe for credit and
debit card payments, the Skrill USA digital wallet, and paysafecard
and Paysafecash eCash solutions.
Through Paysafe’s best-in-breed payment gateway, Fubo Sportsbook
users will be able to seamlessly fund a deposit 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 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.
Designed as a holistic, hyper-personalized betting experience
reflecting what users are watching on fuboTV, Fubo Sportsbook
intends to combine data from both the betting and streaming
platforms. Leveraging fuboTV’s first-party user behavior data to
understand consumers’ viewing preferences and recommend relevant
bets, the company intends to turn passive viewers into active,
In addition to its licenses and market access agreements in
Arizona via Ak-Chin Indian Community and Iowa via Casino Queen,
Fubo Gaming has also obtained market access agreements in
Pennsylvania via The Cordish Companies as well as Indiana and New
Jersey via Caesars Entertainment Inc.
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, commented: “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.”
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 U.S. $100
billion in 2020, and approximately 3,400 employees located in 12+
global locations Paysafe connects businesses and consumers across
70 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.
The assets, liabilities, and results of operations of Skrill USA
are consolidated in Paysafe Limited’s consolidated financial
statements; however, Paysafe Limited has no direct equity ownership
in Skrill USA.
Further information is available at www.paysafe.com.
About Fubo Gaming
Fubo Gaming Inc. is a Chicago-based subsidiary of live TV
streaming platform fuboTV Inc. (NYSE: FUBO) that is dedicated to
delivering a unique, hyper-personalized sports entertainment and
wagering experience. Launched in 2021, Fubo Gaming brings together
fuboTV’s leading sports-first live TV streaming platform with the
soon-to-be-launched Fubo Sportsbook in an omniscreen ecosystem.
Fubo Sportsbook is expected to launch in Q4 2021, subject to
obtaining requisite regulatory approvals. In addition to its
licenses and market access agreements in Arizona via Ak-Chin Indian
Community and Iowa via Casino Queen, Fubo Gaming has also obtained
market access agreements in Pennsylvania via The Cordish Companies
as well as Indiana and New Jersey via Caesars Entertainment Inc.
For more information, visit fubosportsbook.com.
version on businesswire.com: https://www.businesswire.com/news/home/20210930005201/en/
Nick Say, Manager of Corporate Communications, North America,
Paysafe T: +1-514 452-8747 / E: Nick.Say@Paysafe.com
Deliah Mathieu, Communications Manager, Fubo Gaming E:
Lexi Panepinto, Account Executive, CTP for Fubo Gaming E:
Historical Stock Chart
From Oct 2021 to Nov 2021
Historical Stock Chart
From Nov 2020 to Nov 2021