The partnership with Paysafe will allow Betr customers to make quicker financial transactions via their debit card via Paysafe’s payment gateway. It should also help Betr maintain an advantage in the crucial area of cashing out winnings swiftly.
Joey Levy, co-founder, and CEO of Betr, had this to say about partnering with Paysafe;
“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.”
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.”
Additionally, Paysafe will utilize its large affiliate marketing network to assist with customer acquisition efforts for Betr in states like Ohio. This should aid with obtaining valuable new user signups.
Social media influencer Jake Paul and businessman Joey Levy founded Betr in 2022 and are based in Miami, Florida. They are newer to the U.S. market, but their sole focus is on micro-betting for American sports.
Betr currently operates in Massachusetts and Ohio with plans of expanding to all legalized US states and territories.
A leading specialized payments platform, Paysafe provides end-to-end payment solutions to businesses globally. Its core offerings include payment processing, digital wallets, and online cash solutions. Paysafe powers payments for major brands across many industries.
Betr By the Numbers in Ohio
As legal online sports betting in Ohio continues to expand, operators must focus on differentiating themselves from the competition. For Betr, its newly announced partnership with Paysafe in key operational areas provides an important way to stand out from rivals in new markets.
Betr, in partnership with Hall of Fame Village, has operated in Ohio since January 1, 2023, but ranks 16th out of the 18 Ohio sportsbooks, handling $4.2 million in wagers while reporting $314,180.00 in revenue through their first five months in operation.