Paysafe Group and Worldpay Inc announced strategic partnership in the US market
On November 26, 2018 Paysafe Group announced strategic partnership with Worldpay Inc. in the US online gambling and sports betting market.
Paysafe Group is the leader for online payments within gambling and sports betting sector. Skrill and NETELLER represent innovation products allowing fast and secure online payments.
VipDeposits Loyalty Program for NETELLER & Skrill is the result of our long-term partnership with Paysafe. This program allows customers to get VIP statuses at Skrill & NETELLER either for free (for new accounts) or on beneficial terms.
Partnership between these two companies aims to create a platform for online payments in gambling and betting areas. Such platform allows to decrease operation costs as well as ease and accelerate transaction processing. The agreement between Paysafe Group and Worldpay Inc. extends only to the US market, on other parts of the world these companies remain competitors.
In early 2018, the US government repealed the PASPA law, which made it possible to legalize sports betting throughout the country. Previously, it was possible to legally engage in bookmaking only in 4 states. Now, the authorities of each state can, by their decisions, authorize or prohibit online and offline institutions to accept sports bets, as well as regulate the process of obtaining licenses for conducting activities in the state.
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