PaysafeCard

{{Short description|Online prepaid payment method}}

{{Infobox company

| name = PaysafeCard

| logo = PaysafeCard logo 2024.png

| type = Public

| traded_as =

| industry = Online payments

| foundation = 2000

| founders =

| location = Am Europlatz 5

1120 Vienna, Austria

| key_people = Bruce Lowthers (CEO & Executive Director){{Cite web |url=https://www.paysafe.com/en/paysafegroup/news/detail/paysafe-announces-new-ceo/ |title=Paysafe announces new CEO|date=2022-04-07 |access-date=2023-05-24 |website=Paysafe |last=Aldrige |first=Kate}}

| products = Electronic money

| parent = Paysafe

| homepage = {{URL|https://www.paysafecard.com/}}

}}

PaysafeCard (until 2024 stylized paysafecard) is a prepaid e-commerce payment solution powered by vouchers. It is part of Paysafe, a global payments platform. PaysafeCard allows customers to pay online without providing personal financial information.

Users can purchase vouchers online or at local sales outlets and redeem them at the checkout of the respective website. As of 2024, PaysafeCard is available in approximately 50 countries, with the scope of services and partner online stores varying by country. In most countries, a personal account called myPaysafe is available for uploading codes and managing balances.

PaysafeCard was founded in Austria in 2000. Two former competitors, Dutch Wallie and British Ukash, were acquired by PaysafeCard. In 2013, it was acquired by the digital wallet provider Skrill. In 2015 the Skrill Group was acquired by the Optimal Payments Group, a global online payment processing provider regulated in the United Kingdom. Optimal Payments subsequently rebranded as Paysafe.{{cite web |url=https://cardnotpresent.com/optimal-payments-rebrands-as-paysafe-nov-12-2015/ |title=Optimal Payments Rebrands as Paysafe |last=Leibovitch |first=Daniel |date=12 November 2015 |website=cardnotpresent.com |access-date=26 January 2018}}{{cite web |url=https://www.ewallet-optimizer.com/paysafecard-details-and-information/ |title=Paysafecard – Details & Information |author= |website=ewallet-optimizer.com |access-date=11 February 2018}} PaysafeCard continued to be a subsidiary brand of the Paysafe Group in its own right, alongside others like the digital wallets Skrill and Neteller.{{cite web |url=https://www.paysafe.com/paysafegroup/paysafe-group-homepage/ |title=Welcome to Paysafe Group |author= |website=paysafe.com |access-date=22 June 2018}}

Geographical extension

As of 2023 PaysafeCard is issued in approximately 50 countries—covering most of Europe and North America, Australia and New Zealand, and some countries in Western Asia and South America.{{cite web |url=https://www.about-payments.com/knowledge-base/method/paysafecard#countries |title=Payment Method Profile: paysafecard - Available in the Following Countries |author= |website=about-payments.com |access-date=3 July 2018}}

Countries with PaysafeCard available include Argentina, Australia, Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Georgia, Germany, Greece, Hungary, Iceland, Ireland, Italy, Kuwait, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mexico, Moldova, Montenegro,{{cite web |url=https://www.tmcnet.com/usubmit/-paysafecard-an-alternative-payment-solution-study-2019-researchandmarketscom-/2019/03/08/8915397.htm |title=paysafecard - An Alternative Payment Solution Study, 2019 - ResearchAndMarkets.com |author= |date=8 March 2019 |website=tmcnet.com |access-date=1 April 2019}} Netherlands, New Zealand, Norway, Paraguay, Peru, Poland, Portugal, Romania, Saudi Arabia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, the United Arab Emirates,{{cite web |url=https://www.thepaypers.com/online-payments/paysafecard-enters-uae-online-payments-market/769655-3 |title=Paysafecard enters UAE online payments market |author= |date=1 August 2017 |website=thepaypers.com |access-date=22 December 2017}}{{cite web |url=https://onlinecasinodubai.net/paysafecard/ |title=Paysafecard Casino Deposits |author= |website=onlinecasinodubai.net |publisher= |access-date= |quote=23 December 2017}} the United Kingdom, the United States and Uruguay.{{cite web |author= |date= |title=paysafecard availability of products |url=https://www.paysafecard.com/fileadmin/Website/Dokumente/B2B/availability-of-products-en.pdf |access-date=19 September 2023 |publisher=}}

Acceptance

Products and services available to buy with PaysafeCard include online games, social media, telecommunication,{{cite web |author= |title=Guthaben aufladen mit paysafecard |trans-title=Recharge your balance with PaysafeCard |url=https://www.vectonemobile.at/hilfe/guthaben-aufladen-mit-paysafecard |access-date=23 December 2017 |website=vectonemobile.at |language=German |quote=Paysafekarten}} music,{{cite web |url=https://www.mobiflip.de/spotify-premium-ab-sofort-auch-mit-paysafecard-bezahlbar/ |last=Kemper |first=Jonathan |title=Spotify Premium ab sofort auch mit Paysafecard bezahlbar |website=mobiflip.de |date=16 January 2015 |access-date=6 January 2018 |language=German |trans-title=Spotify Premium from now on also payable with paysafecard}} and others. The scope of websites accepting PaysafeCard varies per country. Examples of partners accepting PaysafeCard in 20 or more countries include Amazon,{{Citation needed|date=May 2025}} Google Play Store,{{Cite web |date=2018-06-07 |title=Paysafe enables cash-based payments in Google Play Store |url=https://www.finextra.com/pressarticle/74242/paysafe-enables-cash-based-payments-in-google-play-store |access-date=2023-09-20 |website=Finextra Research |language=en}} Microsoft,{{Cite web |last=Bignell |first=Francis |date=2022-11-16 |title=Microsoft Adds Alternative Payment Option to Online and Xbox Stores |url=https://thefintechtimes.com/microsoft-adds-alternative-payment-option-to-online-and-xbox-stores/ |access-date=2023-09-20 |website=The Fintech Times |language=en-GB}} Xbox,{{Cite web |last=PYMNTS |date=2021-06-30 |title=Xbox Gamers Can Now Pay With Cash Online With Paysafe |url=https://www.pymnts.com/news/payment-methods/2021/xbox-gamers-can-now-pay-with-cash-online-with-paysafe/ |access-date=2023-09-20 |website=www.pymnts.com |language=en-US}}

PlayStation,{{cite web |url=https://www.playstation.com/en-gb/get-help/help-library/store---transactions/payments---refunds/how-to-use-playstation-4-to-top-up-your-wallet-with-paysafecard/ |title=PS4: Top up wallet with Paysafecard |author= |date=25 August 2017 |website=playstation.com |access-date=22 June 2018}}

Steam,{{cite web |url=https://store.steampowered.com/news/4203/ |title=Use Paysafecard on Steam and Receive a Free Copy of Portal |author= |date=19 August 2010 |website=steampowered.com |access-date=22 June 2018}}

and

Facebook.{{cite web |url=https://www.facebook.com/help/203680236341574 |title=What payment methods can I use on Facebook games? |author= |website=facebook.com |access-date=22 June 2018}}

History

= Early years =

PaysafeCard is based in Vienna, Austria. It was founded in 2000 by four Austrians, including the first CEO Armin Sageder, as paysafecard.com Wertkarten AG ("paysafecard.com prepaid card Inc."), later transferred into a GmbH, a private limited company.{{cite web |url=https://trademarks.justia.com/790/76/paysafecard-pay-cash-pay-79076910.html |title=PAYSAFECARD PAY CASH. PAY SAFE. - Trademark Details |author= |date=4 January 2018 |website=trademarks.justitia.com |access-date=3 July 2018}} The technical partner providing expertise and the original hardware was IBM Austria.{{webarchive |url=https://web.archive.org/web/20120328113248/http://www-07.ibm.com/services/pdf/paysafecardcom_makes_web_shopping_simple_secure.pdf |date=2012-03-28 |title=paysafecard.com makes web shopping simple, secure, private}} The following year, PaysafeCard also launched in Germany.{{cite web |url=https://www.heise.de/newsticker/meldung/Internet-Prepaid-Karte-ab-heute-erhaeltlich-38559.html |title=Internet-Prepaid-Karte ab heute erhältlich |last=Dambeck |first=Holger |date=5 June 2001 |website=heise.de |publisher=Heinz Heise |access-date=24 May 2018 |language=German |trans-title=paysafecard obtainable as from today}} In 2004, co-founder Michael Müller assumed the role of CEO.{{cite web |url=https://www.horizont.at/home/news/detail/mueller-wird-paysafecard-sprecher.html |title=Müller wird paysafecard-Sprecher |author= |date=5 November 2004 |website=horizont.at |access-date= |format= 11 November 2019 |language=German |trans-title=Müller becomes spokesperson of paysafecard }}

In 2005, PaysafeCard received an EU funding under the eTEN program supporting electronic services with a trans-European dimension.{{cite web |url=https://www.die-wirtschaft.at/die-wirtschaft/long-road-102386 |title=The Long Road |last=Hornacek |first=Harald |date=28 November 2005 |website=die-wirtschaft.at |access-date=22 December 2017 |language=German }} Subsequently, PaysafeCard launched in Slovenia, Greece, Slovakia, Spain and the United Kingdom.{{cite web |url=https://www.finextra.com/newsarticle/15783/pre-paid-paysafecard-set-for-launch-in-uk |title=Pre-paid Paysafecard set for launch in UK |author= |date=30 August 2006 |website=finextra.com |access-date=24 May 2018 }}

In 2008, British subsidiary Prepaid Services Company Ltd. received an EU-wide e-money licence by the British Financial Services Authority (FSA), later the Financial Conduct Authority (FCA) under the Financial Services and Markets Act 2000,{{cite web |url=https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000m4IWxAAM |title=Firm Details: Prepaid Services Company Limited |author= |publisher=Financial Conduct Authority |access-date=28 January 2018}}{{cite web |url=http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=194647 |title=Basic details for: 475502 - Prepaid Services Company Limited |author= |date=1 July 2011 |publisher=FSA |access-date=30 January 2018 |archive-url=https://archive.today/20121223151028/http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=194647 |archive-date=23 December 2012 }} expanding to a small e-money issuers certificate valid for the United Kingdom in 2006.

This authorised the company to issue e-money throughout the European Union.{{cite web |title=paysafecard erhält EU-Lizenz zur Ausgabe von elektronischem Geld |author= |publisher=Der Standard|url=http://derstandard.at/3361758/paysafecard-erhaelt-EU-Lizenz-zur-Ausgabe-von-elektronischem-Geld |accessdate=22 December 2015 |date=12 June 2008}}

Also in 2008, PaysafeCard Switzerland obtained a license as a financial intermediary.{{cite web|title=paysafecard expandiert in die Schweiz|publisher=pctipp.ch|url=http://www.pctipp.ch/news/firmen/artikel/paysafecard-expandiert-in-die-schweiz-42406/|accessdate=22 December 2015 |first=Bruno|last=Habegger|date=21 February 2008|language=German}}

= Acquisitions =

In August 2011, PaysafeCard acquired Dutch competitor Wallie.{{cite web |url=https://www.about-payments.com/newsroom/news/1284/paysafecard-acquires-online-payment-provider-wallie |title=paysafecard acquires online payment provider Wallie |author= |date=7 September 2011 |website=about-payments.com |access-date=25 June 2018}} In February 2013, Skrill, one of the largest payment services providers in Europe completed the acquisition of paysafecard.com Wertkarten AG.{{cite web |url=http://www.retail-systems.com/rs/Skrill_paysafecard.php |title=Skrill acquires paysafecard.com |last=Moss |first=Karen |date=11 February 2013 |website=retail-systems.com |access-date=25 June 2018 }} A year later, CEO Michael Müller left PaysafeCard and handed over to his brother Udo Müller.{{cite web |url=https://www.derstandard.at/story/1392686798111/paysafecard-verliert-chef |title=Paysafecard verliert Chef |author= |date=28 February 2014 |website=derstandard.at |publisher=Der Standard |access-date= 8 November 2019 |language=German |trans-title=paysafecard loses principal }} In November 2014, Skrill acquired British PaysafeCard competitor Ukash and merged it into PaysafeCard.{{cite web |url=https://www.techworld.com/news/apps-wearables/skrill-extends-payments-portfolio-with-ukash-acquisition-3589087/ |title=Skrill extends payments portfolio with Ukash acquisition |last=Finnegan |first=Matthew |date=28 November 2014 |website=techworld.com |access-date=25 June 2018}}{{cite web |url=http://www.onlinepaymentsreview.com/news/18-skrill-acquires-ukash-optimal-payments-acquires-skrill |title=Skrill acquires Ukash, Optimal Payments acquires Skrill |author= |date=14 July 2015 |website=onlinepaymentsreview.com |access-date=25 June 2018}} In August 2015, Skrill group competitor Optimal Payments group completed the acquisition of Skrill group, including PaysafeCard, and subsequently rebranded as Paysafe Group. On the 1st of November 2021, Paysafe completed the acquisition of viafintech, the company that developed viacash (originally Barzahlen).{{Cite web |date=22 August 2021 |title=Paysafe to acquire viafintech |url=https://www.viafintech.com/wp-content/uploads/20210822_pressrelease_ENGGerman_Paysafe-to-acquire-viafintech.pdf |website=viafintech }}{{Cite web |date=1 November 2021 |title=Paysafe completes acquisition of viafintech |url=https://www.viafintech.com/wp-content/uploads/20211101_press_release_Paysafe-completes-acquisition-of-viafintech.pdf |website=viafintech }}

Functionality

= Basic function =

A PaysafeCard voucher is a 16-digit code sold in stores and online. Sales outlets print the voucher as a receipt. In the respective countries, PaysafeCard is available in denominations ranging from 10 to 100 euros, United States dollars, pounds sterling, and Australian dollars, and approximately equivalent sums in other currencies, e. g. 100-1000 Norwegian kroner.{{cite web |url=https://www.casino.org/no/utbetaling/paysafecard/ |title=Casinoer som tilbyr Paysafecard |author= |website=casino.org |access-date=April 23, 2018 |language=Norwegian |trans-title=Casinos where paysafecard is available}}

When paying in an online shop, the user enters the 16-digit code, and the amount tendered is deducted from the PaysafeCard balance. Hence, the same code can be used multiple times until the full balance has been used. For larger sums, it is possible to combine multiple PaysafeCard codes.{{Cite web |title=paysafecard - how does paysafecard work? {{!}} English |url=https://www.paysafecard.com/en/product-how-it-works/ |access-date=2023-09-19 |website=paysafecard |language=en}}

= Issuing =

In contrast to in-house vouchers and prepaid products, PaysafeCard is sold and accepted at distinct companies ("Third Party Billing"). For this reason, dealing with them is a banking transaction and requires either a banking partner or a banking licence. In the beginning, PaysafeCard was issued by the BAWAG P.S.K. in Austria and the Commerzbank in Germany.[https://books.google.com/books?id=XpneBwAAQBAJ&pg=PA355 Challenges of Expanding Internet: E-Commerce, E-Business, and E-Government. 2005, Poznan, Poland, p. 355]

Since 2008, PaysafeCard's subsidiary company Prepaid Services Company Limited holds a licence of the Financial Conduct Authority (resp. its predecessor Financial Services Authority) "to issue electronic money (e-money) and provide payment services", valid for all countries in the European Economic Area. Therefore in those countries, PaysafeCard is issued by Prepaid Services without external banking partner. Further, Swiss PaysafeCard subsidiary paysafecard.com Schweiz GmbH is a licensed financial intermediary in Switzerland{{cite web |url=https://www.finma.ch/de/~/media/finma/dokumente/bewilligungstraeger/pdf/dufi.pdf?la=de |title=Liste der bewilligten Finanzintermediäre nach Art. 2 Abs. 3 GwG (DUFI) |author= |website=finma.de |publisher=Swiss Financial Market Supervisory Authority |format=PDF |access-date=16 March 2018 |quote= |language=DE |trans-title=List of licensed financial intermediaries in accord with Article 2 paragraph 3 Money Laundering Act }} and issuer of the product also in other countries, e.g. in Australia.{{cite web |url=https://afterpaytouch.com/images/uploads/reports/Paysafe-Card-Terms-and-Conditions.pdf |title=General Terms and Conditions for Use of paysafecards in Australia |author= |date=2013 |website=afterpaytouch.com |publisher=paysafecard |access-date=16 March 2018 }}

In the United States, payment regulations require an external banking partner issuing PaysafeCard, a role assumed by The Bancorp Bank.{{cite web |url=https://www.americanbanker.com/news/austrian-companys-prepaid-alternative-comes-to-the-us-market |title=Austrian Company's Prepaid Alternative Comes to the U.S. Market |last=Hernandez |first=Will |date=19 October 2010 |website=americanbanker.com |publisher=American Banker |access-date=11 March 2018}}{{cite web |url=http://www.cbaaonline.com/credit-cards/paysafecard/ |title=PAYSAFECARD |author= |website=cbaaonline.com |access-date=11 March 2018 }}

= Distribution =

In the beginning, PaysafeCard was sold as a pre-printed scratchcard.{{cite web |url=http://www.tebiko.de/text.php?tid=171 |title=Verwirrende Vielfalt |author= |date=14 June 2001 |website=tebiko.de |access-date=15 May 2018 |quote=Besitzer der Paysafecard rubbeln auf der Rückseite einen 16-stelligen Zahlencode frei. ("Owners of a Paysafecard reveal the 16-digit number code on the back side by scratching.") |language=German |trans-title=Confusing variety [of online payment methods] }} Starting in 2002, PaysafeCard was sold as a printout called "eVoucher" by the company, a uniquely numbered receipt from an in-store sales terminal. PaysafeCard is distributed countrywide by various external partners, which is why the types of shops offering PaysafeCard vary by country. Typical examples include newsagents, petrol stations,{{cite web |last=Rusanov |first=Simeon |date=23 June 2016 |title=Paysafe: Finally A Danger In PayPal's Rear View Mirror! |url=https://seekingalpha.com/article/3983936-paysafe-finally-danger-paypals-rear-view-mirror?page=2 |access-date=21 May 2018 |website=seekingalpha.com |publisher=Seeking Alpha}}{{cite web |url=https://www.betrug.org/ripple-kaufen-mit-paysafecard/ |title=Ripple kaufen mit Paysafecard 2018: So erwerben Sie XRP |author= |website=betrug.org |access-date=22 May 2018 |quote= |language=German |trans-title=Buy Ripple with Paysafecard in 2018: So you can buy XRP }} post offices,{{cite web |url=https://www.postfinance.ch/de/privat/zahlen-sparen/e-banking-apps/digitale-gutscheine/paysafecard.html |title=Paysafecard: Einfach einkaufen ohne Kreditkarten |author= |website=postfinance.ch |publisher=PostFinance |access-date=9 January 2025 |language=German |trans-title=Balance for paysafecard: Simple shopping without a credit card}} pharmacies, supermarkets, electrical retailers and vending machines.{{cite web |url=https://www.sbb.ch/de/bahnhof-services/dienstleistungen/weitere-dienstleistungen/paysafecard.html |title=Mit der paysafecard sicher im Internet einkaufen. |author= |publisher=Swiss Federal Railways |access-date=2 June 2018 |quote=An allen SBB Billettautomaten rund um die Uhr [at all ticket vending machines 24/7] |language=German |trans-title=Safe online buying with paysafecard }} The worldwide number of points of sales is more than 600,000.{{cite web |url=http://www.sandlerresearch.org/alternative-payment-solution-paysafecard.html |title=Alternative Payment Solution: paysafecard |author= |website=sandlerresearch.org |access-date=22 June 2018 }}

= Limitations =

PaysafeCard has limitations manifesting especially when used for online gambling. Payments (deposits in gambling accounts) with PaysafeCard are limited to €1000;{{cite web |url=https://www.binaryoptions.net/paysafecard-binary-options-brokers/ |title=Paysafecard Binary Options Brokers |author= |website=binaryoptions.net |access-date=April 22, 2018 }} for classic PaysafeCard (not myPaysafe) this amount has been lowered to €250 in 2016 due to compliance with regulations.{{cite web |url=https://www.paysafecard.com/en/business/news/detail/new-maximum-payment-amount-per-transaction-250-euros-my-paysafecard-is-not-affected-1/ |title=New maximum payment amount per transaction: 250 euros – my paysafecard is not affected |author= |date=9 May 2016 |website=paysafecard.com |access-date=22 June 2018}} Some other online payment methods allow higher amounts. Also, a myPaysafe account is required to withdraw money from a gambling merchant.{{cite web |url=https://www.casinobonusesindex.ca/banking/paysafecard.html |title=Paysafecard |author= |website=casinobonusesindex.ca |publisher= |access-date=21 June 2018}}{{cite web |url=https://www.vip-bet.com/events-reviews-betting-preview-odds/payment-options/betsson-payment-methods/ |title=Betsson Payment Methods |last=Seregin |first=Kirill |date=November 29, 2017 |website=vip-bet.com |access-date=April 23, 2018}} Withdrawals to myPaysafe accounts are supported by several online casinos,{{cite web|url=https://casinosfest.com/casino-payment/paysafecard/ |title=Best Paysafe Casinos in Canada 2024 |access-date=2023-09-19}}{{cite web |url=https://www.casinotop10.net/paysafecard-online-casinos-review |title=paysafecard online casinos 2018 |author= |website=casinotop10.net |access-date=26 May 2018 }}{{cite web |url=https://sirslot.com/withdrawing-casino-paysafecard/ |title=Withdrawing Casino funds to Paysafecard |author= |website=sirslot.com |access-date=25 May 2018 }}{{cite web |url=https://casinorewier.com/payments/paysafecard/ |title=Paysafecard Casinos 2022 |author= |website=casinorewier.com |access-date=22 May 2022 }} with Paysafe's President of Global Gaming, Zak Cutler, emphasising that consumer protection and safety is a focus of its casino withdrawal offering.{{cite web |url=https://www.topratedcasinos.co.uk/banking/paysafecard-casinos |title=Paysafecard Casinos |author=Marcus Lawrence |website=TopRatedCasinos.co.uk |access-date=13 March 2023 }}

Unlike credit cards, PaysafeCard does not give the opportunity to overdraw user funds.{{cite web |url=http://www.rouletteonline.net/deposit-methods/paysafecard/ |title=Deposit Via paysafecard to Play Roulette |author= |website=rouletteonline.net |access-date=21 June 2018 }}{{cite web |url=https://www.casino.org/payment/paysafecard/ |title=Top 5 Paysafecard Online Casinos of 2018 - Safe & Secure |author= |website=casino.org |access-date=21 June 2018 }}

= Additional services =

The company offers services to supplement the classic PaysafeCard. In most countries, an online account called myPaysafe lets users buy codes and carry out repeat payments more comfortably.{{cite web |url=https://www.ewallet-optimizer.com/paysafecard-details-and-information/ |title=Paysafecard Details and FAQ |author= |website=ewallet-optimizer.com |access-date=12 April 2018}} At the checkout of a webshop, users may choose between entering a code and signing in to their myPaysafe account.{{cite web |url=https://www.securetrading.com//wp-content/uploads/2016/09/STPP-paysafecard.pdf |title=XML Specification Paysafecard |author= |date=15 January 2018 |website=securetrading.com |access-date=9 May 2018 |page=9 }} myPaysafe also offers gift card purchases – users can use their balance to buy retail and entertainment gift cards from the likes of Amazon, Nintendo or H&M.{{cite web |author= |date= |title=Giftcard shop |url=https://my.paysafecard.com/giftcard-shop/#/ |access-date=19 September 2023 |website=paysafecard.com}}

In several countries, PaysafeCard also issues a prepaid PaysafeCard Mastercard.{{cite web |url=https://www.kreditkarten-prepaid.at/paysafe-mastercard-kreditkarte/ |title=PaySafe MasterCard Kreditkarte |author= |website=kreditkarten-prepaid.at |access-date=12 April 2018 |language=German |trans-title=PaySafe MasterCard credit card }}

In 2023, the company started offering a service called ‘Account & Card’, which provides a myPaysafe account with a virtual IBAN together with a physical or virtual prepaid card. The service lets users make SEPA transfers with their account balance but is only available in certain countries.

PaysafeCash

Barcode (e-Cash) payment solution PaysafeCash was launched in 2018 by Paysafe.{{cite web |title=Paysafe Launches Paysafecash – the Ground-Breaking New Payment Solution for the 'Cash Consumer' |url=https://www.paymentsjournal.com/paysafe-launches-paysafecash-the-ground-breaking-new-payment-solution-for-the-cash-consumer/ |access-date=3 February 2022 |website=Payments Journal}}{{cite web |title=Paysafe rolls out payment solution for the cash consumer |url=https://thepaypers.com/online-payments/paysafe-rolls-out-payment-solution-for-the-cash-consumer/773399-3 |access-date=3 February 2022 |website=The Paypers}} It is based on a barcode generated in the online checkout of an app, account, wallet or webshop when PaysafeCash has been chosen as the post payment or deposit option. The generated barcode can be sent to a mobile phone via a text message or an e-mail, uploaded to a mobile wallet, or printed out.{{cite web |title=Paysafecash wiki |url=https://www.monito.com/en/wiki/paysafecash |access-date=3 February 2022 |website=Monito}} The user shows the barcode at the nearest PaysafeCash payment store, where it is scanned and the amount due can be paid with cash. Payment stores are to be found via a location finder within the PaysafeCash app or on the PaysafeCash webpage.{{cite web |title=Paysafecash website |url=https://www.paysafecash.com/en-gb/ |access-date=3 February 2022 |website=Paysafecash}}

PaysafeCash was created for cash-reliant users who do not possess a credit or debit card, or do not want to disclose their financial data when making online purchases or paying bills. It allows the use of traditional cash for digital payments in multiple industries such as financial services, rent payments, government and utility bills, e-commerce, and others. Retail and neobanks can offer new services to their customers, a PaysafeCash integration in their banking app provides an option for cash deposits to digital bank accounts at a brick-and-mortar store.

= Geographical extension =

As of 2022, PaysafeCash is available in about 30 countries in Europe and North America.{{cite web |title=Paysafecash Debuts In US For eCash Payments |url=https://www.pymnts.com/financial-inclusion-3/2020/paysafecash-debuts-united-states-ecash-payments/ |access-date=3 February 2022 |website=PYMNTS}}{{cite web |title=Paysafe reveals online cash payments solution in US |url=https://thepaypers.com/online-payments/paysafe-reveals-online-cash-payments-solution-in-us--1246292 |access-date=3 February 2022 |website=The Paypers}}

= Acceptance =

PaysafeCash is accepted in more than 200,000 brick-and-mortar PaysafeCash partner stores globally.{{cite web |title=Paysafecash FAQ |url=https://www.paysafecash.com/en/faq/ |access-date=3 February 2022 |website=Paysafecash}}{{cite magazine |title=Future of cash |url=https://www.wired.co.uk/bc/article/future-of-cash-digital-tools-paysafe |access-date=3 February 2022 |magazine=Wired}}{{cite web |title=Paysafecash teraz we wszystkich Żabkach |url=https://www.telepolis.pl/fintech/cashless/paysafecash-teraz-we-wszystkich-zabkach |access-date=3 February 2022 |website=Telepolis |language=Polish}}

= Recent developments =

In August 2023, Paysafe announced an extended partnership with The Mill Adventure enabling players on the German-licensed iGaming platform to pay for their gaming experience in cash.{{Cite web |title=The Mill Adventure Extends Its Partnership with Paysafe |url=https://research.tdameritrade.com/grid/public/markets/news/story.asp?docKey=&cid= |access-date=2023-09-20 |website=research.tdameritrade.com}}

In March 2023, Paysafe announced a new partnership with the popular US long-distance bus transport provider Greyhound (acquired by Flixbus), offering travelers an option to make safe and secure cash payments when booking a trip online.{{Cite web |last=Wire |first=Business |title=Greyhound Partners With Paysafe to Offer Customers Cash Payments for Online Bookings - Paysafe (NYSE:PSFE) |url=https://www.benzinga.com/pressreleases/23/03/b31523986/greyhound-partners-with-paysafe-to-offer-customers-cash-payments-for-online-bookings |access-date=2023-09-20 |website=Benzinga |language=English}}

In December 2022, Paysafe partnered with ING Germany to strengthen its consumer offering. The cooperation enables the third largest bank in Germany to use Paysafe's cash service for cash deposits and withdrawals.{{Cite web |last=MarketScreener |date=2022-12-27 |title=ING Germany partners with Paysafe to enable retail cash withdrawal, deposit -December 27, 2022 at 09:11 am EST {{!}} MarketScreener |url=https://www.marketscreener.com/quote/stock/PAYSAFE-LIMITED-120977165/news/ING-Germany-partners-with-Paysafe-to-enable-retail-cash-withdrawal-deposit-42622630/ |access-date=2023-09-20 |website=www.marketscreener.com |language=en}}

In August 2022, Paysafe announced a partnership with Exeter Finance enabling online cash payments for US auto loans.{{Cite web |last=Nikolova |first=Maria |date=2022-04-28 |title=Paysafe announces new partnership with Exeter Finance |url=https://fxnewsgroup.com/forex-news/payments/paysafe-announces-new-partnership-with-exeter-finance/ |access-date=2023-09-20 |website=FX News Group |language=en-US}}

Awards

In the 2018 Austrian Great Place to Work contest, PaysafeCard won 1st place in the category New Working World and Quality of Living, as well as 10th place among all medium-sized companies.{{cite web |author= |title=paysafecard.com Wertkarten GmbH |url=https://www.greatplacetowork.at/workplace/item/692/paysafecard.com+Wertkarten+GmbH |archive-url=https://web.archive.org/web/20180904021318/https://www.greatplacetowork.at/workplace/item/692/paysafecard.com+Wertkarten+GmbH |archive-date=4 September 2018 |access-date=21 June 2018 |website=greatplacetowork.at |publisher= |language=German}}

References