Draftkings uses Paysafe and PayPal to process payments in the states that allow online gambling. As a credit card processing solution , Paysafe is counting on the expansion of sports betting to expand into new states over the upcoming years. They currently operate throughout Europe and want to grow their market share in the USA. However, other sports betting payment processors are opening their doors to compete.
How Can I Get Payment Processing For Sports Betting
Sports betting payment processing is one of the hardest verticals to obtain a sustainable merchant account, but there is hope for new and existing companies who are looking to enter this market. Companies like Zen Payments provide large and small online gambling companies with sustainable credit card processing solutions.
Due to the high cost of entry in terms of size and history, new companies may find it hard to obtain a merchant account with a company like Paysafe. This is due to the fact that Paysafe, like other merchant account providers, wants to keep risk low and profits high. Meaning, they want to take on larger accounts that aren’t as risky as startups.
