Microbetting operator Betr struck a partnership with payment processing company Paysafe that helps both parties strengthen themselves in the legal sports betting U.S. market.
With this multi-state agreement that was announced Monday, Betr, co-founded by boxer and social media influencer Jake Paul, will now allow customers the ability to deposit via debit card in seconds with Paysafe.
That will come in handy for a mobile app that offers in-game, real-time wagering on more than the outcomes of games. Microbetting focuses on the outcomes of pitches in baseball, specific plays in football, and much more.
The only ways to currently fund accounts are bank transfers and cryptocurrencies. Betr announced in October 2022 that it would be the first U.S. online sports betting site to ban credit card depositing, so the partnership with Paysafe gives customers more options.
“We are excited to announce our partnership with Paysafe and are looking forward to working with them as we continue scaling the Betr business,” Betr co-founder and CEO Joey Levy said. “They are reliable, experienced, and share our perspective that we are just scratching the surface of product innovation in the regulated real-money gaming industry.”
Eyeing expansion
Betr currently offers microbetting in Ohio and Massachusets, but a Virginia launch is coming soon and Betr has access to the Indiana market as well.
London-based Paysafe, which will also offer Betr customers digital wallet and eCash options, has operating jurisdiction in 27 U.S. states as well as in Canada. It connects businesses and consumers across more than 250 payment types in over 40 countries, has been active in sports betting and iGaming for two decades.
The partnership comes with the anticipation of mutual expansion.
“We’re proud to partner with Betr, which shares Paysafe’s own dedication to product innovation and driving the broader evolution of the U.S. sports-betting space,” Zak Cutler, President of Global Gaming at Paysafe, said.
“We look forward to supporting the growth of Betr in Ohio and Massachusetts as well as future states by providing the operator and its customers on-the-go with a payment experience that befits the impressive UX of the Betr app.”
