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In February 2013, Skrill, one of the largest payment services providers in Europe completed the acquisition of Wertkarten AG. In August 2011, paysafecard absorbed Dutch competitor Wallie.
PAYSAFECARD CODE GENERATOR LICENSE
Īlso in 2008, paysafecard Switzerland obtained a license as a financial intermediary. This authorised the company to issue e-money throughout the European Union. 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, expanding a small e-money issuers certificate valid for the United Kingdom in 2006. In 2008, British subsidiary Prepaid Services Company Ltd. Subsequently, paysafecard launched in Slovenia, Greece, Slovakia, Spain and the United Kingdom. In 2005, paysafecard received an EU funding under the eTEN program supporting electronic services with a trans-European dimension.
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In 2004, co-founder Michael Müller assumed the role of CEO. The following year, paysafecard launched also in Germany. Technical partner providing expertise and the original hardware was IBM Austria. It was founded in 2000 by four Austrians, including the first CEO Armin Sageder, as Wertkarten AG (" prepaid card Inc."), later transferred into a GmbH, a private limited company. The company behind paysafecard is based in Vienna, Austria. PlayStation 4, Steam, Guild Wars, Second Life, Skype, Facebook Īnd Newegg. Examples of other partners accepting paysafecard in 20 or more countries include The most widespread use are online games for example, League of Legends accepts paysafecard in 41 countries as of 2018. The scope of websites accepting paysafecard varies per country for several reasons. Web offers payable with paysafecard include online games, social media, telecommunication, music, and others. Ĭountries with paysafecard available include Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Croatia, Cyprus, the Czech Republic, Denmark, Finland, France, Georgia, Germany, Greece, Hungary, Ireland, Italy, Kuwait, Latvia, Lithuania, Luxembourg, Malta, Mexico, Montenegro, Netherlands, New Zealand, Norway, Peru, Poland, Portugal, Romania, Saudi Arabia, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, the United Arab Emirates, the United Kingdom, the United States and Uruguay. Geographical extension Īs of 2018 paysafecard is issued in over 40 countries-covering most of Europe and North America, Australia and New Zealand, and some countries in Western Asia and South America. Some sources erroneously interpret Paysafe to be the name of the company originally issuing the paysafecard product, and sometimes suggest this to be the core company of the Paysafe Group.
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Paysafecard, however, continues to be a subsidiary brand of the Paysafe Group in its own right, alongside some others, like the digital wallets Skrill and Neteller. The group now directly offers certain products and services under the Paysafe brand. In 2015, paysafecard became a part of the multinational Optimal Payments online payment corporation, which subsequently rebranded as Paysafe Group. The "card" part also being translated into other languages. While the brand name of the payment method has always been paysafecard, in practice it is often shortened to "Paysafe", Optimal Payments subsequently rebranded as Paysafe Group. In 2013, paysafecard was acquired by British digital wallet provider Skrill, and in 2015 as part of the Skrill Group by the Optimal Payments Group, a global online payment processing provider regulated in the United Kingdom. Two former competitors, Dutch Wallie and British Ukash, have been absorbed into paysafecard. Starting in Austria in 2000, as of 2018 paysafecard is available in over 40 countries. In most countries, a personal account called my paysafecard for uploading PINs is available. The scope of services and partner webshops varies by country. Paysafecard is issued and distributed country-wise cross-border and cross-currency usage is possible within some limits. Paysafecard codes are not designated to be passed by mail or telephone. Customers can purchase vouchers at local sales outlets and pay online by entering the code at the checkout of the respective website (e. Paysafecard (as a brand stylized in lowercase) is a prepaid online payment method based on vouchers with a 16-digit PIN code, independent of bank account, credit card, or other personal information.
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