Mergers & AcquisitionsIndustry

Paysafe partners with ClutchBet in Iowa

Paysafe has partnered with sports betting operator ClutchBet in Iowa. 

paysafe iowa 1 gambling insider web image

The partnership with ClutchBet allows customers to use Paysafe’s upgraded Skrill USA digital wallet, alongside the provider’s Paysafecash eCash solution. 

ClutchBet is headquartered in Denver and is a US-facing product of Australia’s BlueBet Holdings. 

Launched last month, ClutchBet offers Iowans wagers across the NFL among other North American sports leagues, as well as international sports. 

Paysafe upgraded its Skrill USA wallet in Q4 2021, to allow players to make deposits with an iGaming brand direct from their bank accounts within seconds. 

The payments provider claims its digital wallet will give ClutchBet customers better access to sports bettors’ preferred payment method digital wallets.  

In 2021, Paysafe research suggested that digital wallets were the supposed favourite method of payment for iGamers and sports bettors.  

Alongside having access to Skrill USA, ClutchBet customers will be offered to join the Skrill USA VIP player programme. 

The programme increases the single transaction limit for instantly funded deposits, depending on individual KYC verification.  

Furthermore, Paysafe claims that ClutchBet players can cash out efficiently through Skrill, having access to their winnings in real time. 

As well as Iowa, ClutchBet is licensed in its home state of Colorado, Indiana and Louisiana.  

Paysafe plans to extend its solutions package to the operator in each of these regions in the future.  

Paysafe President of Global Gaming Zak Cutler said: We’re delighted to support BlueBet USA. Its entry into the states with the new ClutchBet brand, starting in Iowa, is an iGaming market where we have significant experience.  

“We share ClutchBet’s player-centric approach and look forward to ensuring the brand’s customers, including VIP players, enjoy a fast and frictionless payments experience whether wagering with our Skrill wallet or Paysafecash.” 

BlueBet USA SVP of Operations Jake Francis added: “Paysafe has a storied history in our industry and has leaned in on its goal to provide technologically forward payment methods for online players. The Skrill USA electronic wallet revamp will immediately benefit a player database that has cried out for instant withdrawals and flexible limits for far too long.” 

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