Paysafe provides Fanatics Sportsbook with all-inclusive payment solution

By Delisha Fernandes

Paysafe, a payments platform, has partnered with Fanatics Betting and Gaming, the subsidiary of global digital sports platform Fanatics Holdings Inc, to offer its customers traditional card payments and other alternative payment methods (APMs).

Paysafe’s support of card transactions allows Fanatics Sportsbook’s customers across Kentucky, Maryland, Massachusetts, Ohio, and Tennessee, to seamlessly deposit into their player account using their debit cards. All card deposits are processed in a matter of seconds using the Paysafe payment gateway, which also seamlessly processes player payouts when they cash-out winnings using their eligible cards.

Zak Cutler, President of Global Gaming at Paysafe, said, “With the stature of the Fanatics brand in the sports world, we’re proud to partner with Fanatics Betting and Gaming to provide Fanatics Sportsbook and its customers with an unparalleled payments experience. We’re confident that our ‘all in one’ payment solution will exceed the transactional expectations of Fanatics Sportsbook’s diverse customer base and support the brand’s growth in its current and future markets.”

Against the backdrop of U.S. online sports bettors’ diversifying payment preferences, Fanatics Sportsbook customers’ transactional expectations will be met through the operator’s partnership with Paysafe. Implemented via a single, streamlined integration, Paysafe’s unique API-based solution provides Fanatics Sportsbook with a range of options for making deposits and receiving payouts.

In addition, players who favor using cash in their everyday lives can fund sports bets at Fanatics Sportsbook using Paysafecash, Paysafe’s barcode-based online cash solution. Fanatics Sportsbook customers can also choose from an array of other APMs through the Paysafe platform’s connectivity to various third-party providers.

Kathleen Boord, SVP of Strategic Operations at Fanatics Inc., said, “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.”