September 30, 2021 Technology, Online

Paysafe to power payments for Fubo Sportsbook interactive wagering

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Fubo Sportsbook users will able to fund a deposit using credit card, debit card or ACH bank transfer from a checking or savings account.

Specialized payments platform Paysafe announced a partnership with Fubo Gaming to power Fubo Sportsbook’s payment solutions.

Paysafe’s payment gateaway will allow Fubo Sportsbook users to seamlessly fund their accounts. Users of the mobile sportsbook, which is expected to launch in Q4 2021, will also be able to use Skrill USA to make rapid and secure deposits from their digital wallet account into their Fubo Sportsbook account.

Bettors who prefer cash can deposit using either their paysafecard or Paysafecash.

Zak Cutler, CEO of the North America iGaming division at Paysafe, said, “We’re delighted to partner with Fubo Gaming’s forthcoming Fubo Sportsbook. Our comprehensive range of payment solutions, with a strong emphasis on fast and frictionless deposits and payouts, will be key for Fubo Sportsbook’s interactive wagering model, and we look forward to providing strong support to the brand’s launch in Q4 and its future growth.”

Fubo Gaming is a subsidiary of live TV streaming platform fuboTV Inc. Fubo Sportsbook will leverage fuboTV’s first-party user behavior data to understand customers’ viewing preference and recommend relevant bets.

Scott Butera, President of Fubo Gaming, said, “We are building our Fubo Sportsbook to deliver a truly integrated and interactive betting experience, where sports fans can be active and engaged participants of the games they are watching and wagering on. To bring that vision to life, we needed a payment partner who was going to provide secure, fast, and easy-to-use solutions for our sportsbook users. Paysafe checks all of those boxes, and we look forward to our continued partnership.”

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