Paysafe Enhances Skrill USA with Launch of VIP iGaming Player Program

Paysafe (NYSE: PSFE), a leading specialized payments platform, today launched a new program for its Skrill USA digital wallet to meet the needs of American VIP players. The new program has been first rolled-out with the PlayUp USA sportsbook, according to the company.

PlayUp USA, which operates online sportsbooks in Colorado and New Jersey, was one of multiple operators to upgrade their Skrill USA integration in Q4 2021, when Paysafe rolled-out the revamped digital wallet to support instant funding of deposits and payouts. Now, PlayUp USA becomes the first American iGaming brand to offer Skrill USA's new VIP player program. 

With the launch of the program, Skrill USA and PlayUp USA aim to serve the wagering needs of VIP players.  

Once a PlayUp USA sports bettor is onboarded into the VIP program by the operator and Skrill USA, the single transaction limit for an instantly funded deposit is increased by as much as several hundred times the standard limit, depending on individual KYC verification.

After joining the program and linking their bank account to their Skrill USA account, a player can make an instant deposit up to their pre-agreed limit.

Skrill USA is currently rolling-out the VIP player program across its U.S. operator customers.

Zak Cutler, CEO of North America iGaming at Paysafe, said: "As part of our transformation of Skrill USA into the go-to digital wallet for American iGaming, we're delighted to launch the VIP player program with innovative brand PlayUp USA ahead of a wider roll-out. With VIP players preferring digital wallets over every other payment method, we're confident that our program and product upgrade will make Skrill USA the preferred wallet of American operators' VIP customer segments."   

Kevin Smith, Chief Marketing Officer at PlayUp USA, commented: "We take great pride in taking care of our VIPs and the ability to onboard them quickly once they have cleared our due diligence protocols. Having a platform like Skrill USA allows us to have very little friction in the deposit process with our VIPs but still be fully compliant with the regulatory standards that are in place."

Earliear this month, Paysafe has announced its financial results for the first quarter of 2022, which revealed total payment volume of $31.2 billion, increasing 13% compared to first quarter of 2021.