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Paysafe Ltd. continues to immerse itself in the online-gaming industry, announcing Monday a partnership with Strive Gaming, a player-account management platform designed to meet multi-state iGaming requirements in North America.
With an integration of Paysafe’s payments technology into Strive Gaming’s PAM platform, Strive’s clients will enable gamers to deposit funds into their accounts using a credit or debit card, and have access to Paysafe’s Skrill USA digital wallet, which was upgraded during the fourth quarter of 2021 to include Paysafecash and paysafecard eCash solutions for gamers who prefer to wager online with cash.
Paysafe, which last week announced a partnership with Playtech plc, a provider of gambling software to the United Kingdom and Europe, will also provide real-time reporting and analytics for the monitoring of transactions and individual payment methods to optimize online payment acceptance and enhance security to protect player and operator data.
In addition, the partnership expands Paysafe’s existing relationship with Golden Nugget Online Gaming by extending Paysafe’s technology to Golden Nugget clients in Arizona and Ontario, Canada. Paysafe already services Golden Nugget in several states, including Michigan, through a separate agreement.
“Integrations and partnerships at the deepest levels, and quickly achieved, are a hallmark of our tech stack with no technical debt,” Strive Gaming chief executive Max Meltzer says in prepared statement. “Strive Gaming has become a leading platform in the United States and Canada quickly because of our scalable technology, enabling speed to market and efficiencies for leading operators. Integrating and collaborating with Paysafe makes so much sense for our customers, and we are pleased to be working with Paysafe now and over the long-term.”
In an earnings call with analysts last week, Paysafe announced total payment volume, excluding embedded finance volume, was $31.2 billion, a 13% increase from the same period a year earlier. Volume from embedded finance totaled $4.4 billion, the company says. In addition, Paysafe’s acquiring volume in the U.S. increased 21% year-over-year, to $19.8 billion.
