LONDON–(BUSINESS WIRE)–paysafe (NYSE: PSFE), a leading specialty payments platform, today launched a new program for its United States digital wallet that caters to the betting preferences of high-stakes American online gamblers. Building on the recent Skrill USA product upgrade, the new program, which was first rolled out with the PlayUp United States sports betting, offers registered players the highest limits in the US iGaming industry to instantly fund a deposit.
PlayUp USA, which operates online sports betting in Colorado and New Jersey, was one of several operators to upgrade its Skrill USA integration in Q4 2021, when Paysafe rolled out the revamped digital wallet to support supports instant deposit and payment funding. Now PlayUp USA becomes the first US iGaming brand to offer Skrill USA’s new VIP Player Program.
The launch of the program sees Skrill USA and PlayUp USA seek to better serve the betting needs of VIP players, with digital wallets being the preferred payment method for high-volume online bettors (7+ bets per week), according to Paysafe. Search iGaming 2021 in USA.
Once a PlayUp USA sports bettor is onboarded into the VIP program by the operator and Skrill USA, the single transaction limit for an instantly funded deposit is increased to several hundred times the standard limit, depending on individual KYC verification .
After joining the program and linking their bank account to their Skrill USA account, a player can make an instant deposit up to their pre-agreed limit, with funds fully guaranteed to PlayUp USA by Skrill. Unlike bank transfers, Skrill USA Instant Funding can be done 24/7, including weekends. Deposits are fully automated, although registered players are assigned their own dedicated Skrill VIP account manager.
VIP players can withdraw their PlayUp USA winnings to their Skrill USA account in real time, and they can be transferred directly to their linked bank accounts.
Skrill USA is currently rolling out the VIP Player Program to its US operator customers.
Zak Cutler, CEO iGaming North America at Paysafe, said: “As part of our transformation of Skrill USA into the go-to digital wallet for US iGaming, we are thrilled to launch the VIP Player Program with the innovative PlayUp USA brand. before a wider deployment. With VIP players preferring digital wallets over all other payment methods, we are confident that our program and product upgrade will make Skrill USA the preferred wallet for US operator VIP customer segments.
Kevin Smith, Director of Marketing at PlayUp USA, said, “We take great pride in caring for our VIPs and being able to onboard them quickly once they pass our due diligence protocols. Having a platform like Skrill USA allows us to have very little friction in the deposit process with our VIPs while being fully compliant with the regulatory standards in place.
About Paysafe Limited
Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading specialist payment platform. Its main objective is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet and online payment solutions. With over 20 years of online payment experience, an annualized transaction volume of over US$120 billion in 2021, and approximately 3,500 employees located in more than 10 countries, Paysafe connects businesses and consumers across 100 payment types in over 40 currencies worldwide. Delivered through an integrated platform, Paysafe solutions are geared towards mobile-initiated transactions, real-time analytics and convergence between physical and online payments. Further information is available at www.paysafe.com.
About Paysafe iGaming
Paysafe brings over two decades of specialist payments experience to the global iGaming and sports betting industries and provides operators with a full suite of traditional and alternative payment methods through a single, streamlined API integration. Paysafe is also a leader in digital and affiliate marketing technologies and services for iGaming operators through its Income Access business unit.
Since opening the US iGaming market in May 2018, Paysafe has consistently affirmed its ambitions to be the payments leader in the growing industry, building on its leadership in Canada and Europe. As of May 31st, 2022, the company supports 75% of operators in the country with payment or marketing solutions in 21 jurisdictions. In Canada, Paysafe also holds a leadership position and partners with the majority of iLottery and regulated gaming brands.
About Skrill USA, Inc.
Skrill USA has been making digital payments simple, secure and fast since 2001. We are a recognized global leader in developing global payment solutions for people’s business and pleasure, whether they deposit funds at a gaming site, purchase online or send money. to family and friends. We also serve the needs of businesses around the world, helping them build a global customer base and drive growth.
PlayUp is a next-generation entertainment and technology group that enriches the lives of its customers by providing an entertaining, rewarding and responsible online betting service. At its core, PlayUp develops innovative betting technologies in-house to power its brands and deliver world-class user experiences. Its energies are focused on meeting the needs of dedicated and passionate users who seek a deeper connection to the games they play.
PlayUp’s mission is to unify online betting into a single platform that includes Sports Betting, Fixed Odds and Parimutual Racing, iGaming, Esports and Daily Fantasy Sports (DFS) where it now hosts the largest prize pools from Australia and even some of the biggest prize pools in the world at competitive peers. – peer-to-peer online betting.
The company holds online betting licenses in multiple jurisdictions and currently operates in Australia, New Zealand, India and several regulated US states.