BetFred and Skrill partnership

  • Betfred USA Sports will now be offering Skrill’s digital wallet through their Iowa mobile and internet sports betting platforms.
  • Skrill has worked with Betfred internationally since 2006 but this is the first joint venture for the two companies in the United States.

LAS VEGASSkrill and Betfred USA Sports are both expanding their presence in the U.S. with their latest partnership deal.

Paysafe Group, a U.K.-based internet payment corporation is the parent company of Skrill. Both Paysafe and Betfred are rooted in the United Kingdom and Betfred USA Sport and Skrill are subsidiaries that each want to branch out across the U.S.

A deal such as this one is mutually beneficial to both companies as it helps each to grow their U.S. presence.

Skill In The U.S. & With Betfred USA Sports

Skrill has been making big moves in 2020 nationwide, rolling out three new features with their Skrill Money Transfer, their loyalty program called Skrill Knect, and a Skrill Visa Prepaid Card.

Each addition has not only been an action to further their product but to also make customers’ lives easier when using their technology.

According to the research of the Q2 reports from the year, 36% of Americans used some form of a digital wallet as their preferred payment method with mobile sportsbooks.

Betfred USA Sporttly operates in Colorado, Iowa, and Pennsylvania. Their Nevada operations should be launching soon.

However, through this partnership with Paysafe, sports bettors in Iowa will now have the Skrill digital wallet as an accepted form of payment on their mobile and internet sports wagering accounts. Skrill has been an international partner of Betfred sports wagering products for fourteen years, which has allowed this transition into the U.S. market as partners to be a smooth one as each knows how the other operates.

“Funding accounts with multiple deposit methods sets us apart from other competitors. Skrill gives our players more flexibility by supporting popular international and local payment providers,” said Bryan Bennett, Chief Operating Officer of Betfred USA Sports.

How It Works

Betfred USA Sportsbook members in Iowa can place funds in a Skrill digital wallet through a number of ways.

They can use debit cards, bank wire transfers, iACH, and eCash solutions to then place money from their Skrill wallet into their sportsbook account easily.

Once that’s done, mobile and desktop wagers on any betting lines open with Betfred can be made. All money won can then be immediately placed in the digital wallet for transfer to a player’s bank account.

“As part of our broader American expansion this year, we’re delighted to extend Skrill’s global partnership with Betfred to support Betfred USA Sports’ growth in Iowa and beyond,” said Lorenzo Pellegrino, CEO of Skrill, NETELLER, and Income Access at Paysafe. “We’re confident that our digital wallet, which has been developed specifically for online gaming, will provide Betfred USA Sports and its players with a payment method that streamlines, simplifies and ultimately improves the wagering experience.”

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