In February 2022, Paysafe Limited (NYSE: PSFE) (PSFE.WS), a specialized payments platform provider, signed several partnerships with established companies to continue its efforts to expand its business across the USA.
These new partnerships enable the company, which enables businesses and consumers to connect and transact through payment processing, digital wallet, and online cash solutions, to keep on growing in the iGaming sector. It already is a leader in digital and affiliate marketing technology and services for iGaming operators through its Income Access business unit. Paysafe currently supports the majority of operators across the country with payments and marketing solutions across 21 jurisdictions. In Canada, the company partners with several regulated iLottery and gaming brands.
Paysafe, which had an annualized transactional volume of U.S. $100 billion in 2020, approximately has 3,400 employees, who are based in 12 countries global locations, connecting businesses and consumers across 70 payment types in over 40 currencies around the world. The company has its headquarters in London. UK users can have a look at other online offerings from Non GamStop Bets Casinos.
To continue to expand its reach in the country, last month, Paysafe signed a new partnership with Ballys Corporation (NYSE: BALY), a global casino entertainment company with an omni-channel presence of online sports betting and iGaming offerings.
The company has launched the partnership, which will be completely executed during the next months, by streamlining player deposits for both
1) the new Bally Bet online sportsbook for Arizona, and
2) the BallyCasino.com brand for New Jersey.
Through the integration with the fintech companys payment gateway, the Bally Bet online sportsbook in Arizona will enable players to deposit funds using their credit or debit cards. After funding their account, users can wager on a wide range of sports markets.
At the same time, the BallyCasino.com real-money online casino for New Jersey has entered the Paysafe payment gateway. Whether users are at the Ballys Atlantic City Casino Resort or accessing the iCasino product elsewhere in the state, they can fund their account with a credit or debit card, with the transaction processed by Paysafe.
These integrations are expected to be upgraded soon to enable access to Paysafe’s suite of alternative payment methods (APMs). These will include the Paysafecash and paysafecard eCash solutions and the Skrill USA digital wallet for players who wager online with cash.
For the phase two of the deal, planned to go live in the coming months, the company will integrate with several Bally Bet online sportsbooks.
In February, Paysafe also announced a partnership to provide online credit and debit card payment processing for the Hard Rock Online Casino New Jersey mobile app. Through Hard Rock Online Casino New Jerseys integration with its payment gateway, the payments specialist is now processing New Jersey players card deposits. The partnership covers the complete payments journey for New Jersey players.
The company announced its expanded partnership with BetWildwood, the official online sportsbook of Wildwood Casino in Colorado. BetWildwood has integrated Paysafes new Skrill USA digital wallet, upgrading its existing Skrill wallet to streamline depositing and payouts for its players as well as support broader customer acquisition and retention.
The company also announced its expansion into the Louisiana and Oregon mobile sports-betting markets. Paysafe is now processing sports-bettor deposits with major mobile sportsbooks in the Louisiana market, which went live recently, as well as powering multiple iGaming affiliate programs in the state through Income Access, its marketing technology and services provider. In tandem, Paysafe has also entered the Oregon sports-betting market to streamline player deposits.