back Back

Paysafe launches VIP iGaming player program for Skrill USA

By Edlyn Cardoza

May 31, 2022

  • Colorado
  • deposits
  • Digital Wallet
Share

Paysafe, Skrill USA, Digital Wallet, Online Gamble, PlayUp USA, iGaming, Instant Funding, Deposits, Payouts, VIP Player Program, Colorado, New Jersey, USAPaysafe, a leading specialised payments platform, today launched a new program for its Skrill USA digital wallet that caters to the wagering preferences of high-stakes American online gamblers. Building on the recent Skrill USA product upgrade, the new program, first rolled out with the PlayUp USA sportsbook, provides enrolled players with the U.S. iGaming industry’s highest limits for instantly funding a deposit.

PlayUp USA, which operates online sportsbooks in Colorado and New Jersey, was one of the multiple operators to upgrade their Skrill USA integration in Q4 2021 when Paysafe rolled out the revamped digital wallet to support instant funding of deposits and payouts. Now, PlayUp USA has become the first American iGaming brand to offer Skrill USA’s new VIP player program.

The program’s launch sees Skrill USA and PlayUp USA seeking to better serve the wagering needs of VIP players, with digital wallets the preferred payment method of high-volume online bettors (7+ wagers a week), according to Paysafe’s 2021 U.S. iGaming research.

Once a PlayUp USA sports bettor is onboarded into the VIP program by the operator and Skrill USA, the single transaction limit for an instantly funded deposit is increased by several hundred times the standard limit, depending on individual KYC verification.

After joining the program and linking their bank account to their Skrill USA account, a player can make an instant deposit up to their pre-agreed limit, with funds fully guaranteed to PlayUp USA by Skrill. Unlike bank wire transfers, Skrill USA instant funding can be actioned 24/7, including on weekends. Deposits are fully automated, though enrolled players are assigned their own dedicated Skrill VIP account manager.

VIP players can withdraw their winnings from PlayUp USA to their Skrill USA account in real-time, and they can be transferred directly to their linked bank accounts. Skrill USA is currently rolling out the VIP player program across its U.S. operator customers.

Zak Cutler, CEO of North America iGaming at Paysafe, said: “As part of our transformation of Skrill USA into the go-to digital wallet for American iGaming, we’re delighted to launch the VIP player program with innovative brand PlayUp USA ahead of a wider roll-out. With VIP players preferring digital wallets over every other payment method, we’re confident that our program and product upgrade will make Skrill USA the preferred wallet of American operators’ VIP customer segments.”   

Kevin Smith, Chief Marketing Officer at PlayUp USA, commented: “We take great pride in taking care of our VIPs and the ability to onboard them quickly once they have cleared our due diligence protocols. Having a platform like Skrill USA allows us to have very little friction in the deposit process with our VIPs but still be fully compliant with the regulatory standards that are in place.

Previous Article

May 31, 2022

Debite launches in the UK and raises £2.5m in pre-seed funding

Read More
Next Article

May 31, 2022

Deciml enables customers to start investment journey with just ₹1

Read More








IBSi Daily News Analysis

cybersecurity

April 18, 2024

Colorado

GCC banks bolster Cybersecurity measures to combat email fraud

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 18, 2024

Fime to support set up of UAE’s domestic card scheme

Read More

April 18, 2024

NPCI Bharat BillPay & SBI to streamline daily transit payments

Read More

April 18, 2024

APAC’s rising influence driving growth in the global payment gateways market, research reveals

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023