Payment platform, Paysafe, has gone live as part of Massachusetts’ emerging mobile sports betting market. The company has stated that it is “powering play and payment safely” for several sportsbooks within the Bay State.
Sportsbook operators in Massachusetts can use the Paysafe platform to access the payment provider’s alternative payment methods (APM) as well as other third-party APM solutions.
Massachusetts will be the 26th American iGaming jurisdiction where Paysafe online payments are supported.
DraftKings maintains a relationship with Paysafe from its headquarters in Boston. The two companies have been working together since 2013 across 21 states. Similarly, Caesars Entertainment began working with Paysafe in 2012 and also spans 21 states.
Smartphone and tablet-based sports betting apps can also integrate with Paysafe for secure payments within a player account using a debit card. Paysafe uses a proprietary gateway to process all its transactions.
Zak Cutler, President of Global Gaming at Paysafe, said: “We’re excited to expand into Massachusetts, my home state and an important milestone in the evolution of the US iGaming industry, with its passionate sports culture and pivotal industry role in the development of daily fantasy sports and now sports betting.
“We’re also proud to extend our longstanding relationships with several major sports-betting partners into this new market, and we look forward to helping them maximize their player acquisition and retention in Massachusetts, just as we’ve done in multiple other US states.”
Paysafe also partnered with Strive Gaming to launch an updated version of tis payment platform last spring.
