Paysafe

Paysafe is a payments company that provides digital and cash-based payment solutions for consumers and merchants. Through its portfolio of brands, Skrill, Neteller, and Paysafecard, Paysafe offers digital wallets, online banking-style transfers, and prepaid vouchers that enable online and mobile payments. The company supports online merchants with payment processing, fraud and risk management, and cross-border settlement, serving e-commerce, gaming, travel, and financial services segments.

Core products: Skrill is a digital wallet that allows users to store funds, make online payments, and transfer money to other users. Neteller offers similar wallet functionality and person-to-person transfers. Paysafecard provides prepaid vouchers that can be bought with cash and used to pay online without a bank account or card. The Paysafe platform also provides payment gateway services, currencies, merchant acquiring, and compliance features.

History and corporate structure: Paysafe traces its origins to several early digital payment brands established in the 2000s, including Skrill (Moneybookers), NETELLER, and Paysafecard. In the 2010s these brands were brought together under a single corporate umbrella, and the Paysafe group expanded through acquisitions and partnerships to offer integrated payment services worldwide. In 2021, Paysafe began trading on the New York Stock Exchange following a SPAC merger, placing it among publicly listed digital payments providers.

Regulation and scope: Paysafe operates globally and holds licenses and adheres to regulatory requirements in the jurisdictions where it operates. It serves millions of customers and thousands of merchants, including in regulated industries such as online gaming and e-commerce.