Paysafe Strengthens Iowa iGaming Market Presence with ClutchBet Deal

Paysafe, a leading specialized payments platform, today announced a partnership with ClutchBet, the new Denver-headquartered U.S. mobile sportsbook from Australia’s BlueBet Holding Ltd. The first stage of a multi-state partnership sees Paysafe’s revamped Skrill USA digital wallet and its Paysafecash eCash solution facilitate online payments for ClutchBet’s Iowa sportsbook and its players.

Launched last month for the 2022 NFL season, the new ClutchBet sportsbook enables Iowans to wager on football, other North American sports-league games plus international sports – with the payments experience streamlined by Paysafe, which has had a presence in the Iowa iGaming market since 2020.

ClutchBet’s cashier now features the Skrill USA digital wallet, which Paysafe upgraded in Q4 2021 to allow players to make deposits with an iGaming brand direct from their bank accounts in a matter of seconds. Skrill will allow ClutchBet to better meet Iowa players’ payment preferences, with digital wallets being the favorite alternative payment method of American sports bettors, according to Paysafe’s 2021 iGaming research.

ClutchBet will also be offering it’s high-stakes customers the recently unveiled Skrill USA VIP player program. The program significantly increases the single transaction limit for instantly funded deposits, depending on individual KYC verification. 

ClutchBet players can also seamlessly cash out through Skrill, with their winnings available in real-time. Payouts can be transferred from the wallet to their linked bank account in seconds.

The Paysafecash eCash solution is also now available in ClutchBet’s cashier for players who prefer wagering with cash. Sports bettors specify the deposit amount, and then fulfil the payment with cash at thousands of in-store retailers in Iowa and across the U.S.

Beyond Iowa, ClutchBet has market access agreements for its home state of Colorado plus Indiana and Louisiana, where the Paysafe payments partnership is expected to be extended going forward.

Zak Cutler, President of Global Gaming at Paysafe, said: “We’re delighted to support BlueBet USA, Inc.’s entry into the States with the new ClutchBet brand, starting in Iowa, an iGaming market where we have significant experience. We share ClutchBet’s player-centric approach and look forward to ensuring the brand’s customers, including VIP players, enjoy a fast and frictionless payments experience whether wagering with our Skrill wallet or Paysafecash.”  

Jake Francis, SVP of Operations for BlueBet USA, commented: “Paysafe has a storied history in our industry and has leaned-in on its goal to provide technologically forward payment methods for online players. The Skrill USA electronic wallet revamp will immediately benefit a player database that has cried out for instant withdrawals and flexible limits for far too long.”