Paysafe strengthens Iowa iGaming market presence with ClutchBet deal

London – (Business Wire)– Paysafe (NYSE: PSFE), the leading professional payments platform, today announced a partnership with Australia’s BlueBet Holdings Ltd. (ASX: BBT), the new Denver-based US mobile sports betting company ClutchBet. The first phase of the multi-state partnership saw Paysafe’s improved Skrill USA digital wallet and its Paysafecash eCash solution facilitate online payments for ClutchBet’s Iowa sportsbook and its players.

Launched last month for the 2022 NFL season, the new ClutchBet sportsbook enables Iowans to wager on football, other North American sports leagues, as well as international sporting events – Paysafe simplifies the payment experience and has been in the business since then. The Iowa iGaming market has its place in 2020.

ClutchBet’s cashiers are now equipped with the Skrill USA digital wallet, which Paysafe upgraded in Q4 2021, allowing players to deposit funds to the iGaming brand directly from their bank accounts in seconds. According to Paysafe’s 2021 iGaming study, Skrill will allow ClutchBet to better meet the payment preferences of players in Iowa, with digital wallets the favorite alternative payment method for sports bettors in the US.

ClutchBet will also offer its high-risk customers the recently launched Skrill USA VIP Player Program. The program significantly increases the single transaction limit for instant deposit deposits based on personal KYC verification.

ClutchBet players can also cash out seamlessly through Skrill, with their winnings available in real time. Payments can be transferred from the wallet to their linked bank account in seconds.

The Paysafecash eCash solution is now also available at ClutchBet’s checkout counters for players who prefer to wager with cash.Sports bettors specify deposit amounts, then pay in cash at thousands of in-store retailers in Iowa and across the US

In addition to Iowa, ClutchBet has market access agreements for its home states of Colorado, Indiana and Louisiana, where the Paysafe payment partnership is expected to continue to expand.

Zak Cutler, President of Global Gaming at Paysafe, said: “We are delighted to support BlueBet USA, Inc.’s entry into the United States under the new ClutchBet brand, starting in Iowa, an iGaming market in which we have extensive experience. We endorse ClutchBet’s player-centric approach Central approach and look forward to ensuring that the brand’s customers, including VIP players, enjoy a fast, frictionless payment experience whether placing bets with our Skrill wallet or Paysafecash.”

Jake Francis, Senior Vice President of Operations at BlueBet USA, commented: “Paysafe has a long history in our industry and has always been committed to providing online players with a technologically forward-looking payment method. The Skrill USA eWallet revamp will immediately enable the player database Benefit, the database has long called for instant withdrawals and flexible limits.”

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About Paysafe Limited

Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading professional payments platform. Its core purpose is to enable businesses and consumers to seamlessly connect and transact through industry-leading capabilities in payment processing, digital wallets and online cash solutions. With over 20 years of experience in online payments, annual transaction volume of over $120 billion in 2021, and approximately 3,500 employees in more than 10 countries, Paysafe connects businesses and consumers with 100 payment types in over 40 currencies worldwide stand up. Paysafe solutions are delivered through an integrated platform for mobile-originated transactions, real-time analytics, and the convergence between physical and online payments. For more information, please visit www.paysafe.com.

About Paysafe iGaming

With over 20 years of professional payments experience, Paysafe supports the global iGaming and sports betting industry and provides operators with a full suite of traditional and alternative payment methods through a single, simplified 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 expressed its ambition to become the payments leader in the fast-growing segment, building on its leadership in Canada and Europe.As of September 7th, In 2022, the company provides payment or marketing solutions to 75% of the country’s operators in 22 jurisdictions. In Canada, Paysafe also leads the pack and works with most regulated iLottery and gaming brands.

About BlueBet

BlueBet is a mobile-first online bookmaker with a vision to bring more innovative betting products to Australian and international motorsport and sports customers.

BlueBet offers betting products on 31 Australian and international sporting events, as well as entertainment and political betting markets. BlueBet offers customers a wide range of traditional betting products as well as more innovative products such as Exotics, Same Game Multis and Same Race Multis.

BlueBet is powered by a scalable cloud-based technology platform that has been substantially customized and enhanced by the company to focus on providing the best experience for its customers. BlueBet uses a mobile-first strategy to develop customer-facing technology platforms, websites and native applications designed to provide customers with a premium mobile experience.

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