Payments platform Paysafe has entered into a partnership with Fanatics Betting and Gaming, the subsidiary of global digital sports platform Fanatics Holdings.
This collaboration enables Fanatics Sportsbook to integrate Paysafe's platform, offering customers a range of traditional card payments and alternative payment methods (APMs).
Amid the evolving payment preferences of US online sports bettors, Fanatics Sportsbook aims to meet customer expectations through Paysafe's API-based solution.
The integration facilitates seamless deposits and payouts for Fanatics Sportsbook customers, covering regions such as Kentucky, Maryland, Massachusetts, Ohio and Tennessee.
The Paysafe payment gateway aims to ensure swift processing of card deposits and payouts when customers cash out their winnings. For those preferring cash transactions, Paysafecash, Paysafe's barcode-based online cash solution, is available to fund sports bets at Fanatics Sportsbook.
Kathleen Boord, SVP of Strategic Operations at Fanatics, commented: “We’re excited about our continued partnership with the team at Paysafe. Their single integration has allowed us to move quickly and has provided us with flexibility that ensures we’re allowing our customers to transact with their preferred payment options.
"We look forward to the ongoing collaboration with Paysafe as we continue to build on our strong foundation and create the best experience for our Fans.”
In August 2023, the Fanatics Sportsbook app launched in Maryland, Massachusetts, Ohio and Tennessee, following Fanatics' acquisition of PointsBet and integration of its proprietary technology division, Banach Technology.
The app offers various features, including sports wagering, live score feeds, search functionality, withdrawals and odds.
