Digital Payments News

Paysafe Expands FOX Bet Partnership into Michigan

Paysafe Expands FOX Bet Partnership into Michigan

U.S. online sportsbook FOX Bet strengthens Paysafe connection by integrating Skrill and paysafecard for Michigan

Paysafe, a leading specialized payments platform, announced an expanded partnership with FOX Bet, a U.S. online and mobile sports-betting platform operated by Flutter Entertainment plc. Building on Paysafe integrations across multiple states, FOX Bet has now strengthened its Michigan sportsbook’s payments offering with the Skrill digital wallet and paysafecard eCash solution.

Paysafe has streamlined payments for Flutter Entertainment’s Betfair and PokerStars brands for well over a decade, and its Skrill solution is already integrated with FOX Bet’s Colorado, New Jersey, and Pennsylvania offering.

Read More: Emart to Acquire eBay’s Businesses in Korea

Now, the addition of both Skrill and paysafecard will allow FOX Bet to better serve sports bettors in Michigan. After credit and debit cards, digital wallets are Americans’ preferred online payment method, with 40% of consumers using a wallet like Skrill at least monthly, according to Paysafe’s 2021 consumer survey. The research also revealed that 12% of Americans are using eCash products like paysafecard once a month or more.

Players in Michigan wanting to wager on FOX Bet’s comprehensive range of sports markets – from NFL football, NBA basketball, MLB baseball, and NHL hockey, to Mixed Martial Arts (MMA) and local and international soccer games – can use Skrill to make rapid and secure deposits into their sportsbook accounts.

paysafecard is also now available to make deposits with FOX Bet in Michigan and becomes the brand’s very first integrated eCash solution for players whose payment preference is cash. Available at thousands of U.S. retailers, the solution can be purchased in denominations of $10, $25, $50, and $100, providing consumers with a 16-digit code to make online or mobile deposits into their FOX Bet account.

Read More: Deutsche Bank Partners with Oracle to Accelerate Technology Modernization

As well as deposits, the expanded Paysafe partnership supports payouts. Winnings can be withdrawn directly into Michigan players’ Skrill accounts and then transferred in real time to their bank accounts. Customers can also use the Skrill Visa® Prepaid Card to withdraw winnings as cash from an ATM.

Philip McHugh, CEO of Paysafe, said: “We’re delighted to strengthen our partnership with FOX Bet. Americans are keenly embracing alternative payment methods, so integrating our best-in-class Skrill and paysafecard solutions, both specifically tailored to sports betting, will ensure that FOX Bet offers all the different ways that players want to pay when they play.”

Read More: Financial Institutions Can Now Provide Consumers Easy Access to Bitcoin via Fiserv and NYDIG

Related posts

Signature Bank Adds Fedwire Feature to Its Signet Digital Payments Platform, Allowing Instant Transfers

Fintech News Desk

TORG Integrates With Cryptocurrency Payment Processor, CoinPayments

Fintech News Desk

Armor Bank Selects Teslar Software to Support Significant Growth

Fintech News Desk
1