News from the Wire

Skrill partners with Betfred USA Sports

Tuesday, September 29, 2020 — 10:14:04 (EDT)

Miami, Florida. September 29th, 2020 – Paysafe, a leading specialized payments platform, today announced a new partnership for its Skrill digital wallet with Betfred USA Sports, the wholly-owned U.S. subsidiary of U.K.-based bookmaker Betfred Group. Building on Skrill’s long-standing payments support for Betfred internationally, the digital wallet has been added as a payment method to Betfred USA Sports’ recently launched mobile and online sportsbook for the Iowa market.

The Betfred USA Sports deal is the latest Skrill move in its ongoing expansion in the U.S. this year, following the launches of the Skrill Visa® Prepaid Card In January, the Skrill Money Transfer solution, and the Skrill Knect loyalty program, both in June. Skrill’s recent U.S. growth responds to increasing consumer demand for digital wallets, used by over a third of Americans (36%) at least monthly in Q2, according to Paysafe’s research.

Against this backdrop, Betfred USA Sports' customers in Iowa can now benefit from the speed, security and reliability of a mobile-responsive digital wallet. Skrill’s two-decade history serving sportsbooks, including Betfred Group’s European brands since 2006, also ensures a strong wagering experience.

After uploading funds to their Skrill account via multiple options (bank and card transfer, iACH and eCash solutions), players can use the digital wallet to seamlessly make a deposit on betfredsports.com’s Iowa-facing online platform, which launched in July with the land-based Grand Falls Casino & Golf Resort. Players can then wager on a comprehensive range of sports, spanning pro and college football, basketball, American and overseas baseball leagues, hockey, soccer, and mixed martial arts, among others.

Winnings can be withdrawn directly into players’ Skrill accounts. Once safely deposited, funds can be transferred in real time to customers’ bank accounts or withdrawn directly as cash at an ATM via the Skrill Visa® Prepaid Card, which syncs directly with their wallet balance. Funds can also be sent to family and friends overseas using Skrill Money Transfer.

Lorenzo Pellegrino, CEO of Skrill, NETELLER, and Income Access at Paysafe, said: “As part of our broader American expansion this year, we’re delighted to extend Skrill’s global partnership with Betfred to support Betfred USA Sports’ growth in Iowa and beyond. We’re confident that our digital wallet, which has been developed specifically for online gaming, will provide Betfred USA Sports and its players with a payment method that streamlines, simplifies and ultimately improves the wagering experience.”

Bryan Bennett, Chief Operating Officer of Betfred USA Sports, commented: “Funding accounts with multiple deposit methods sets us apart from other competitors. Skrill gives our players more flexibility by supporting popular international and local payment providers.”

About Paysafe

Paysafe Group (Paysafe) 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, card issuing, and online cash solutions. With over 20 years of online payment experience, an annualised transactional volume of over US $98 billion, and approximately 3,000 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. Visit us at: www.paysafe.com

About Skrill

Skrill 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 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 Betfred USA Sports

Betfred USA Sports is the wholly owned US subsidiary of Betfred Group, a Warrington, United Kingdom based bookmaker that owns and operates over 1500 betting shops in the UK as well as industry leading online and mobile products in the UK and Spain. Betfred Group, founded by brothers Fred and Peter Done in 1967, created Las Vegas based Betfred USA Sports in 2019 specifically to enter the robust and ever-expanding US sports betting market. Betfred USA Sports, a proud sportsbook sponsor of the Denver Broncos, is currently a licensed operator in Iowa, Pennsylvania and Colorado, with Nevada coming soon pending regulatory approval.

The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information: bankcardlife.com?orid=33533&opid=1 .

Source: Company press release.