iGaming-focused Skrill USA digital wallet
unveils new program supporting high-limit instant deposits with
PlayUp USA and other brands
Paysafe (NYSE: PSFE), a leading specialized payments platform,
today launched a new program for its Skrill USA digital wallet that
caters to the wagering preferences of high-stakes American online
gamblers. Building on the recent Skrill USA product upgrade, the
new program, which has been first rolled-out with the PlayUp USA
sportsbook, provides enrolled players with the U.S. iGaming
industry’s highest limits for instantly funding a deposit.
PlayUp USA, which operates online sportsbooks in Colorado and
New Jersey, was one of multiple operators to upgrade their Skrill
USA integration in Q4 2021, when Paysafe rolled-out the revamped
digital wallet to support instant funding of deposits and payouts.
Now, PlayUp USA becomes the first American iGaming brand to offer
Skrill USA’s new VIP player program.
The program’s launch sees Skrill USA and PlayUp USA seeking to
better serve the wagering needs of VIP players, with digital
wallets the preferred payment method of high-volume online bettors
(7+ wagers a week), according to Paysafe’s 2021 U.S. iGaming
research.
Once a PlayUp USA sports bettor is onboarded into the VIP
program by the operator and Skrill USA, the single transaction
limit for an instantly funded deposit is increased by as much as
several hundred times the standard limit, depending on individual
KYC verification.
After joining the program and linking their bank account to
their Skrill USA account, a player can make an instant deposit up
to their pre-agreed limit, with funds fully guaranteed to PlayUp
USA by Skrill. Unlike bank wire transfers, Skrill USA instant
funding can be actioned 24/7, including on weekends. Deposits are
fully automated, though enrolled players are assigned their own
dedicated Skrill VIP account manager.
VIP players can withdraw their winnings from PlayUp USA to their
Skrill USA account in real time, and they can be transferred
directly to their linked bank accounts.
Skrill USA is currently rolling-out the VIP player program
across its U.S. operator customers.
Zak Cutler, CEO of North America iGaming at Paysafe, said: “As
part of our transformation of Skrill USA into the go-to digital
wallet for American iGaming, we’re delighted to launch the VIP
player program with innovative brand PlayUp USA ahead of a wider
roll-out. With VIP players preferring digital wallets over every
other payment method, we’re confident that our program and product
upgrade will make Skrill USA the preferred wallet of American
operators’ VIP customer segments.”
Kevin Smith, Chief Marketing Officer at PlayUp USA, commented:
“We take great pride in taking care of our VIPs and the ability to
onboard them quickly once they have cleared our due diligence
protocols. Having a platform like Skrill USA allows us to have very
little friction in the deposit process with our VIPs but still be
fully compliant with the regulatory standards that are in
place.”
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 May 31st, 2022, the company supports 75%
of operators in the country with payments or marketing solutions
across 21 jurisdictions. In Canada, Paysafe also has a leading
position and partners with the majority of regulated iLottery and
gaming brands.
About Skrill USA, Inc. Skrill USA has been making digital
payments simple, secure and quick since 2001. We’re an acknowledged
world-leader in developing global payment solutions for people’s
business and pleasure, whether they’re depositing funds on a gaming
site, buying online or sending money to family and friends. We also
meet the needs of businesses worldwide, helping them build a global
customer base and drive growth.
About PlayUp PlayUp is a next generation entertainment
and technology group that enriches the lives of its clients by
providing an entertaining, rewarding and responsible online betting
service. At its core, PlayUp develops innovative betting
technologies in-house to power its brands and deliver world-class
user experiences. Its energies are focused on fulfilling the needs
of dedicated and passionate users who seek a deeper connection to
the games they play.
PlayUp’s mission is to unify online betting into one platform
that includes Sports Betting, Fixed-Odds & Parimutuel Racing,
iGaming, Esports and Daily Fantasy Sports (DFS) where it now hosts
Australia’s largest and indeed some of the world's biggest prize
pools in competitive peer-to-peer online betting.
The company holds online betting licenses in multiple
jurisdictions and currently operates in Australia, New Zealand,
India and several regulated USA states.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220531005281/en/
For further information about Paysafe, please contact: Nick Say,
Senior Manager, Corporate Communications for North America, Paysafe
E: Nick.Say@paysafe.com
For further information about PlayUp USA, please contact: Kevin
Smith, Chief Marketing Officer, PlayUp USA T: +1-312-625-9057; E:
Kevin.Smith@playup.com
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