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PaysafeCard

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. PaysafeCard continued to be a subsidiary brand of the Paysafe Group in its own right, alongside others like the digital wallets Skrill and Neteller.

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.

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, Netherlands, New Zealand, Norway, Paraguay, Peru, Poland, Portugal, Romania, Saudi Arabia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, the United Arab Emirates, the United Kingdom, the United States and Uruguay.

Products and services available to buy with PaysafeCard include online games, social media, telecommunication, music, 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] Google Play Store, Microsoft, Xbox, PlayStation, Steam, and Facebook.

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. The technical partner providing expertise and the original hardware was IBM Austria. The following year, PaysafeCard also launched in Germany. In 2004, co-founder Michael Müller assumed the role of CEO.

In 2005, PaysafeCard received an EU funding under the eTEN program supporting electronic services with a trans-European dimension. Subsequently, PaysafeCard launched in Slovenia, Greece, Slovakia, Spain and the United Kingdom. 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, 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. Also in 2008, PaysafeCard Switzerland obtained a license as a financial intermediary.

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