Paysafe provides comprehensive payment solution for Fanatics Sportsbook

Paysafe - Paysafe_Logo

Leading payments platform Paysafe today announced a new partnership with Fanatics Betting and Gaming, a subsidiary of global digital sports platform Fanatics Holdings Inc. Under the agreement, Fanatics Sportsbook has integrated with Paysafe to offer its customers traditional card payments and other Alternative Payment Methods (APM).

In the context of the diverse payment preferences of online sportsbook players in the United States, the transaction expectations of Fanatics Sportsbook customers will be met through the operator’s cooperation with Paysafe. Paysafe’s unique API-based solution provides Fanatics Sportsbook with a range of deposit and receive payment options through a single, streamlined integration implementation.

Paysafe’s support for card transactions enables Fanatics Sportsbook customers in Kentucky, Maryland, Massachusetts, Ohio and Tennessee to seamlessly deposit funds into player accounts using debit cards. All card deposits can be processed in seconds using the Paysafe payment gateway, which also seamlessly handles player payouts when players cash out winnings using eligible cards.

Additionally, players who prefer to use cash in their daily lives can use Paysafecash, Paysafe’s barcode-based online cash solution, to fund sports betting with Fanatics Sportsbook. Fanatics Sportsbook customers can also choose from a range of other APMs through the Paysafe platform’s connections to various third-party providers.

Fanatics Sportsbook’s partnership with Paysafe is expected to expand to new states soon, after the operator received regulatory approval for several other iGaming jurisdictions in the United States.

Zak Cutler, President of Global Gaming at Paysafe, said: “With the Fanatics brand’s stature in the sports world, we are proud to partner with Fanatics Betting and Gaming to provide Fanatics Sportsbook and its customers an unparalleled payment experience. We believe that our ‘all-in-one’ The payment solution will exceed transaction expectations for Fanatics Sportsbook’s diverse customer base and support the brand’s growth in current and future markets. “

Kathleen Boord, Senior Vice President of Strategic Operations at Fanatics Inc., commented: “We are excited about our continued partnership with the Paysafe team. Their single integration allows us to move quickly and provides us with the flexibility to ensure we allow our customers to use their preferred payment options. We look forward to our continued partnership with Paysafe as we continue to build on our strong foundation and create the best experience for our fans.”

About Paysafe
Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading payments platform with a strong track record of serving merchants and consumers in the global entertainment industry. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading payment processing, digital wallet and online cash solution capabilities. Paysafe has more than 20 years of experience in online payments, with annual transaction volume expected to exceed $130 billion by 2022, approximately 3,300 employees in more than 12 countries/regions, and 100 payment types in more than 40 currencies for businesses and consumers around the world. or connect. Paysafe solutions are delivered through an integrated platform for mobile-initiated transactions, real-time analytics and integration between physical and online payments. For more information, please visit http://www.paysafe.com.

About Paysafe iGaming

Paysafe has more than two decades of experience supporting the global iGaming and sports betting industries, providing operators with a comprehensive suite of traditional and alternative payment methods through a single, streamlined API integration. Paysafe is also a leader in providing digital and affiliate marketing technology and services to iGaming operators through its revenue access business unit.

Since the opening of the US iGaming market in May 2018, Paysafe has stated its ambition to build on its leadership positions in Canada and Europe to become the payments leader in the fast-growing industry.As of November 13thBy 2023, the company will support 75% of the country’s operators with payment or marketing solutions across 29 jurisdictions. In Canada, Paysafe also has a leading position and works with most regulated iLottery and gaming brands.

About Fanatics Betting and Gaming

Launched in 2021, Fanatics Betting and Gaming is the online and retail sports betting subsidiary of global digital sports platform Fanatics Holdings Inc. Fanatics Sportsbook is the most rewarding online sportsbook, with up to 5% FanCash rebates on every bet. Fanatics Sportsbook makes it easy for fans with fast registration, easy betting, transparent withdrawals, live streaming, industry-leading search capabilities, and a curated Discover page containing the sports and bets that matter most to customers. Fanatics Betting and Gaming is headquartered in New York.

For more information about Paysafe, please contact:

Paysafe Press Office: PR@Paysafe.com

For more information about Fanatics betting and gaming, please contact:

Kevin Hennessy, Fanatics Betting and Gaming, kevin.hennessy@betfanatics.com

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