Paysafe is a global provider of payment solutions that primarily serves markets in the United Kingdom and Europe, but also operates in the US and Canada. Because many of its capabilities are only available in Europe, American companies largely utilise it as a payment service provider for credit cards, although it’s well-known for the extensive range of payment options it offers.
Some of the key products and services offered by Paysafe include payment processing for eCommerce, point-of-sale (POS) systems, digital wallets, online banking, and card issuing services.
Prices/Fees
Paysafe relies only on quote-based pricing, and the amount that you are billed is based on the services that you require, the monthly volume of transactions, and other factors.
Paysafe promotes itself as having “super-competitive processing rates.” Nevertheless, because Paysafe doesn’t provide open pricing, it’s difficult to tell in advance if using Paysafe would be cost-effective for your company. But, in general, merchants who handle a greater number of transactions are rewarded with cheaper payment processing rates.
Interchange and Network Fees
The payment brands decide on the exchange and network fees, which depend on the region, the sector, and the kind of transaction. Rates are also subject to frequent adjustments during the year.
On the following link, you can visit Paysafe’s website and choose one of the payment brands (Visa, Master Card, Interac, American Express) in order to obtain additional information regarding the most recent rates.
Services
Cash Online
With Paysafe’s cash online service, you can give your customers the ability to make cash payments online using prepaid and postpaid payment options.
Using eCash, you can:
- Provide cash as an alternative online payment option
- Accept traditional currencies as payment for digital purchases
- Integrate a pre-pay and post-pay eCash solution from Paysafe
Paysafe offers the following three products:
1. Paysafecard
Paysafecard is the ideal solution for customers who don’t have a bank account. It’s accepted at over 650,000 points of sale in more than 50 countries, assisting digital service providers in the creation of additional income streams. Customers who would rather pay with cash for their online purchases can use Paysafecard by simply entering a 16-digit code to use it as a payment option.
2. Paysafecash
Paysafecash is an electronic cash payment solution that’s based on barcodes. You can make your goods and services available to anybody, even people who don’t have a credit card or a bank account.
The following sectors can especially benefit from Paysafecash by accepting cash payments that are simple and safe:
- Utilities
- Housing
- Gambling
- Healthcare
- Government
- Financial services
To use Paysafecash, simply scan the Paysafecash barcode at one of the 200,000 participating payment locations located in 29 different countries while checking out.
3. Viacash
Through the white-label solution that is viacash, you will be able to take cash deposits and withdrawals, and bill payments. By integrating viacash, you can save money, boost client retention, and get access to new consumer groups. viacash is available at any one of Paysafe’s 20,000 retail partner stores throughout Switzerland, Germany, Greece, Austria, and Spain.
Following this link, at the bottom of the page you will find options to get redirected to paysafecard, Paysafecash or viacash respectfully, as shown in the image below:
Rapid Transfer
Customers are able to make direct payments to your business with Paysafe’s rapid bank transfer option without having to leave your website.
It’s a safe, simple, and rapid method that offers the following benefits:
- Payments are processed as soon as the transaction is completed.
- Stringent safety precautions.
- There are no sign ups – to make payments, customers only require their online banking account.
- The most recent payment requirements in the EU are met and complied with via Rapid Transfer.
- Every payment is covered by an insurance policy to safeguard your company.
- Transactions are made more efficient with the aid of payouts and refunds.
Digital Wallets
The digital wallet solutions offered by Paysafe enable quick, instant, and secure financial transactions for millions of users worldwide.
Customers can use Skrill and NETELLER to make real-time payments at over 25,000 online retailers in more than 40 different currencies. Merchants can increase their sales efforts by accepting Skrill and NETELLER transactions, which results in larger transaction amounts and shorter waiting periods.
Fraud Protection
Paysafe offers skills, personnel, and technology that will assist you in lowering your risk exposure. You can safeguard your company with real-time fraud detection and prevention tools, such as verification of the user’s address in addition to device and browser sniffing (AVS),
BIN/IP checking, and adaptable Risk Rules Engine capabilities for customising fraud rules and alerts.
3D Secure 2
The world of finance has progressed to the point where there is a greater demand for stronger security measures, and static password schemes have become obsolete as a result. The deployment of 3D Secure 2, a long-overdue upgrade to the 3D Secure payment processing system from EMVCo, is one of the most significant developments.
The latest 3D Secure version provides mobile compatibility and biometric validation and simplifies the checkout process for customers. eCommerce firms will see a reduction in the number of customers who abandon their shopping carts and an improvement in their conversion rates.
Paysafe has upgraded our Development Center to include an Introduction to 3D Secure 2 in order to better assist you throughout the process.
Payouts
Whether it’s a payout, a claim, or the withdrawal of cash from an account, payments are sent straight to the recipient’s account within minutes, regardless of where on the globe they are located.
Moreover, you can rest easy knowing that Paysafe is a reputable financial network used by Mastercard and Visa.
Integrations
Paysafe provides an extensive range of integrations with different platforms and providers, which include:
- e-commerce platforms,
- billing and invoicing systems,
- shopping carts,
- point of sale solutions, and others.
This simplifies the process for businesses to incorporate Paysafe’s payment processing solutions into their websites or apps.
API
With Paysafe’s API, you can include a variety of payment acceptance methods, develop customer onboarding processes, and personalise checkout procedures. Paysafe’s customer support team is available to help with API documentation, software development kits (SDKs), and other support material.
Extra Care On Customer Support
Paysafe provides excellent customer service that’s available at any time to assist you. You can choose to contact their devoted customer support teams or opt for the self-help resources. And if you find that you want a little bit more assistance, Customer Service staff is available both live and on-demand.
Company History
Paysafe is a merchant services company that primarily operates in markets in the United States of America, the United Kingdom of Great Britain and Northern Ireland, Canada, and Europe.
An international organisation that processes online payments, Paysafe Limited was originally known as Optimal Payments PLC. Neteller PLC, Netbanx Ltd., and Optimal Payments Limited came together to develop this business in 1996. The Paysafe company provides services under both the Paysafe brand and subsidiary brands that have become a part of the company as a result of a number of mergers and acquisitions.
Paysafe’s brands:
- Income Access
- Pago Efectivo
- Paysafecash
- Paysafecard
- safety pay
- Neteller
- viacash
- Skrill
- PCS
Paysafe has its headquarters in the United Kingdom, although the company is legally domiciled in Bermuda.
User Reviews
The following is a list of Paysafe’s user ratings:
- Sitejabber: 1 out of 5 stars
- G2: 5 out of 5 stars
- Software Advice: 2.48 out of 5 stars
- Capterra: 2.5 out of 5 stars
Paysafe’s average score, according to these user ratings, is 2.75 out of 5 stars.
Review Summary
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