Paysafecard is part of the Paysafe Group. A Paysafecard allows customers to make online payments without disclosing bank account or credit card information. The company is based in Vienna, Austria and is represented in 45 countries around the world.
Paysafecard Credit Card Processing & Payment Services
Paysafecard Payments
Paysafecard offers its customers the following payment methods: –
- Paysafecard
- My paysafecard
- Paysafecard MasterCard
- A variety of white label products
Paysafecard Pricing & Fees
Paysafecard offers its merchants two standard pricing models: –
- The Scale-based Standard Model
- €0 – €1,000 – 15%
- €1001 – €10,000 – 14%
- €11,000 – €50,000 – 13%
- €51,000 – €150,000 – 12%
- €151,000 – €250,000 – 11%
- Over €250,000 – 9.5%
- The High-Ticket Volumes Model
- 9% fee (per volume)
- €1.50 per transaction
- No setup fees
No monthly subscription
Payments usually transferred once a month with a due date of payment of 14 days.
Or, twice a month with a due date of payment of 21 days.
Source: Paysafecard Pricing
To see how that compares have a look at: 2019 UK Merchant Account and Credit Card Processing Fee Comparison.
Paysafecard Features
- Fraud screening
- 24/7 customer service
- Integrate paysafecard directly
- Integrate paysafecard via a Payment Service Provider
- Integrate paysafecard via shop plug-ins
- Simple integration via an API
- No chargebacks
- No months fee
- No setup fee
- Easy activation
Company Background
Paysafecard was launched in Austria in 2000 as a way for consumers to pay safely online. After a successful first year, the card was introduced in Germany. The company has expanded considerably since 2000 and is now Europe’s leading prepaid payment solution.
In 2000, the only way to acquire a paysafecard was to buy it at a sales outlet. Two years later, paysafecard was available as an e-voucher and in 2004, you could buy it online. Spurred on by their success, paysafecard expanded into the UK, Greece, Slovenia, Spain and Slovakia in 2006. That year, the company was awarded EU funding to aid its expansion and its efforts to promote payments without credit cards.
Paysafecard was given an e-money licence by the British FCA in 2008, which allowed the company to issue e-money throughout Europe. The same year paysafecard processed over 15 million transactions. In 2009, paysafecard added another 10 European countries to its books and it was launched in Argentina. That same year, the company gained a MasterCard licence.
By 2010, the company’s tenth anniversary, it had expanded into the US and Mexico. Paysafecard’s product portfolio now included YUNA Prepaid MasterCard, which meant it was possible to pay anywhere that MasterCard was accepted. In 2011, paysafecard launched its app for mobile phones.
Paysafecard is now accepted in 45 countries around the world. It’s available in 26 currencies and over 600,000 sales outlets.
Paysafecard Reviews
- Trustpilot: 1.3 out of 5 based on 408 reviews
Based on the reviews on the above sites, our Merchant Machine score is 1.3 out of 5.
Website: www.paysafecard.com
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