Paysafe elevates US presence with PointsBet expansion

Paysafe has announced the expansion of its partnership with US sportsbook operator, PointsBet.

PointsBet already uses Paysafe’s payment processing services in five other regulated U.S. states and as part of the deal, it will add Michigan to the list of supported markets.

Through its latest integration with Paysafe, PointsBet allows Michigan-based customers to easily deposit funds using credit and debit cards, processed through Paysafe’s best-in-breed payment network, as well as ACH bank transfer via checking and savings accounts. Similar depositing methods are also available across the other five states in which PointsBet is active.

Gregory Kirstein, Director of Business Development for iGaming at Paysafe, said: “With its innovative mindset and dedication to providing a high-quality sports-betting experience, PointsBet has established a frontrunner status in the rapidly expanding U.S. iGaming market. We look forward to building on an already fruitful relationship by supporting the Michigan launch through our payment processing services, which streamline the customer payments journey and drive long-term loyalty.”

The deal also sees Paysafe expand its role in the U.S. iGaming space, where the provider has announced several recent partnerships and is focused on sustained growth as more states continue to regulate.