Paysafe Collaborates With Fubo Gaming Over Sports Betting Payments

  • Specialized payments platform Paysafe Ltd PSFE collaborated with sports-first live TV streaming platform FuboTV Inc FUBO subsidiary Fubo Gaming. 
  • Fubo Gaming's mobile sportsbook, Fubo Sportsbook, will plug into Paysafe for credit and debit card payments, the Skrill USA digital wallet, Paysafecard, and Paysafecash eCash solutions.
  • Fubo Sportsbook users will be able to fund a deposit via credit card, debit card, or ACH bank transfer from a checking or savings account via Paysafe's payment gateway.
  • Bettors will also use Skrill USA for fast and secure deposits from their digital wallet account into their Fubo Sportsbook account. 
  • Paysafe will facilitate bettors with payouts between ACH withdrawals or Skrill USA's digital wallet, which will help transfer winnings in real-time to players' bank accounts. Bettors can also use the Skrill Visa Prepaid Card to withdraw winnings as cash from an ATM.
  • The launch is likely by Q4 2021, subject to regulatory approvals.
  • Price Action: PSFE shares traded higher by 1.85% at $7.7 in the premarket session on the last check Thursday.
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