Paysafe unites with FOX Bet for expansion of US footprint

Paysafe, a specialised payments platform, has announced an expanded partnership with FOX Bet, as the firm enhances its focus on the payment journey. 

The collaboration builds on Paysafe’s integrations across multiple states, FOX Bet has now strengthened its Michigan sportsbook’s payments offering with the Skrill digital wallet and paysafecard eCash solution.

It comes after Paysafe has already streamlined payments for Flutter’s Betfair and PokerStars brands for more than a decade, and its Skrill solution is already integrated with FOX Bet’s Colorado, New Jersey, and Pennsylvania offering.

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.

Philip McHugh, CEO of Paysafe, commented: “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.”

Players in Michigan wanting to wager on FOX Bet’s 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.