iGaming Company Profile: Paysafe Group Insights and 9 Must-Know Stats and Facts

Paysafe Group is among the most known global providers of end-to-end payment solutions, catering to businesses and consumers alike with a plethora of payment processing options. The company’s primary focus is to enable businesses and consumers to connect and make transactions seamlessly through industry-leading capabilities in digital wallets, payment processing, and online cash solutions.

paysafe group

But is Paysafe legit? The short answer is yes. Let’s talk a bit about the longer answer now. With over two decades of experience, Paysafe is trusted by businesses and consumers in more than 200 countries to move and manage money via over 100 payment types and 40 currencies. Paysafe offers multi-currency capabilities, fraud, and risk management, and 24/7 customer service, making it a preferred choice for many online businesses, including those in the iGaming industry.

What makes Paysafe unique is its fascinating ability to merge vast scale and global reach with flexibility and agility, benefiting businesses and users alike. The company is dedicated to putting customers first, making a difference, and constantly enhancing its ever-growing portfolio of solutions without becoming complacent. Continue reading to learn more about the Paysafe company profile and its most famous members. 

Must-Know Stats and Facts about Paysafe Group

Did you know that Paysafe Group has been around for almost 30 years? Or that the company employs over 3 thousand people from around the world? Before we jump to the technical aspect of Paysafe, take a look at the following stats and facts that everyone should know about the leading company in the online payment industry.  

  • Paysafe Group was founded in 1996, making it a pioneer in the online payment industry.
  • Paysafe’s headquarters are located in London, United Kingdom.
  • Paysafe Group Limited has a global presence in over 200 countries and territories and is available in 40 currencies.
  • The company employs about 3,300 people across more than 12 international locations
  • They support over 100 payment types, allowing customers many payment options to choose from (card payments, digital wallets, platform services, bank transfers, cash online, pay later, point of sale…)
  • In 2022, Paysafe had an annualized transaction volume of over $130 billion, showcasing its significant role in global payments.
  • Paysafe Group revenue for 2022 was $1,496.1 million, gaining a 1% increase compared to 2021.
  • Paysafe’s most popular products include Skrill, NETELLER, and Paysafecard.
  • The company is committed to security and holds licenses in multiple jurisdictions worldwide.

Paysafe Group Market Reach

As we already mentioned, Paysafe Group is a leading global provider of end-to-end payment solutions that offer businesses and consumers an extensive range of payment services. The company has a broad market reach, serving users in over 200 countries and territories. Paysafe provides cutting-edge payment solutions for various industries, including e-commerce, digital wallets, and online gaming.

The headquarters of Paysafe Group is located in London, United Kingdom, but the company maintains a strong international presence with offices in multiple locations worldwide. These offices include cities like Montreal, Houston, Vienna, Sofia, and Mumbai.

Paysafe’s vast geographical reach allows it to operate in multiple markets and support various currencies for global transactions. It supports over 70 currencies and provides merchants access to over 100 local and global payment methods. That said, the usability of the methods varies depending on the specific product offering.

For example, Paysafe’s eCash solutions allow customers to purchase online goods and services using cash by providing them with physical vouchers they can buy at various stores or digital coupons they can obtain online. These vouchers are available in numerous currencies depending on the user’s location.

Another core offering is the Skrill digital wallet, enabling customers to make seamless online payments and transfers using their local currencies. Skrill also supports several cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, etc.

Leading Paysafe Group Payment Methods in iGaming

Paysafe provides diverse payment solutions tailored to the unique needs of the iGaming industry, ensuring secure, quick, and user-friendly transactions. Here are some of the key payment methods provided by Paysafe for iGaming:

Neteller

Neteller is a globally renowned online payment platform, providing users with a secure and efficient means of transferring money digitally. Founded in 1999, the service has become increasingly popular for both individuals and businesses, particularly within the online gaming and trading industries. With its robust security measures and user-friendly interface, Neteller offers a convenient alternative to traditional banking solutions. Users can easily create an e-wallet that supports multiple currencies, enabling seamless international transactions. That is also one of the top reasons Neteller casino sites are so popular.

Skrill

Skrill is among the most popular digital wallets globally, allowing users to send, receive, and store funds securely. Recognized for its comprehensive feature set and customer-focused security measures, Skrill is preferred by millions of users for conducting various transactions such as e-commerce payments, remittances, and depositing money into gaming platforms. It is accepted by numerous iGaming operators worldwide, and with the option to link it with multiple currencies, it provides gamers with easy international transactions. That makes Skrill gambling one of the safest ways to enjoy the iGaming world. 

Paysafecard

Paysafecard is a popular online prepaid payment solution designed to offer a seamless and secure method of making digital transactions. Widely accepted at various e-commerce and iGaming platforms, it eliminates the need to share sensitive bank or credit card information, thus ensuring the utmost privacy for its users. With a simple process of purchasing a physical voucher or obtaining a 16-digit code online, Paysafecard enables quick, hassle-free transactions, making it a top choice for users worldwide. That is why Paysafecard casino gambling is so popular among players seeking anonymity and security. Moreover, you can limit your budget to help you better manage your betting funds.

Paysafe:cash

Paysafe:cash is a unique and innovative payment solution from Paysafe that is designed for customers who prefer paying in cash for their online purchases. It allows users to shop online, select Paysafe:cash as their payment method, and then pay the corresponding amount in cash at a nearby payment point. This makes online shopping accessible to those without a bank account or those who simply prefer the security and simplicity of cash payments. With its easy-to-use approach, Paysafe:cash is propelling Paysafe further as a leader in the payment solutions industry.

Viacash

Viacash is an extensive network for digital payment solutions, permitting customers to make transactions without the need for a bank account or card. It offers a unique service that enables users to pay for their online purchases, bills, and even digital money transfers with cash at one of their many partner retail locations. This innovative approach bridges the gap between digital commerce and cash, thereby making online shopping and transactions more accessible.

PagoEfectivo

PagoEfectivo is a popular payment method in Peru that enables users to make secure online transactions without the need for a credit card. This system offers a simple and user-friendly experience by allowing customers to pay for goods and services via cash deposits at affiliated banks or authorized agent locations. As PagoEfectivo continues to gain traction, it provides a viable alternative for those seeking convenient payment options, bridging the gap between traditional banking and digital commerce.

SafetyPay

SafetyPay is a globally renowned and secure online payment solution that allows customers to make purchases from businesses worldwide without the use of credit cards. Operating in over 17 countries, SafetyPay empowers users to pay for their transactions directly from their bank account in their preferred currency. By utilizing cutting-edge security measures and maintaining an extensive partnership network with banks and merchants, SafetyPay fosters a safe, simple, and seamless shopping experience

Income Access

Lastly, Income Access is a Paysafe affiliate software with a unique tracking and reporting solution, helping iGaming businesses manage their affiliate programs more effectively.

As you can see, Paysafe’s suite of payment processing tools provides iGaming businesses with the versatility and security they need to offer their customers a seamless and enjoyable gaming experience. Whether it’s a simple prepaid card solution like Paysafecard, a comprehensive e-wallet solution like Neteller and Skrill, or a robust affiliate tracking tool like Income Access, Paysafe has all the bases covered for everyone in the iGaming industry.

Gambling with Paysafe Group

The Importance of Paysafe Group in the iGaming Industry

The iGaming industry has experienced significant growth in recent years. One of the key factors for this expansion is the rise of secure and swift online payment methods. Paysafe, the leading global payments provider, has been crucial in facilitating and streamlining transactions for all parties involved in the iGaming ecosystem. By empowering players to choose Paysafe casino sites over the rest, it’s one of the most important companies in the iGaming industry.

We must mention how the company served seemingly all markets at some point, even grey areas such as Australia and some rogue US casinos. In recent years, it seems Paysafe is following PayPal’s suit and works with locally licensed brands only. These days, you won’t see its services listed at offshore gambling sites targeting users from territories they don’t have the permits to operate in. That’s a clear sign that Paysafe is here to stay and expand in regulated environments only.

Let’s talk a bit more about the importance of Paysafe gambling through the perspectives of players, operators, and iGaming professionals to understand its impact on the industry better.

Paysafe Group from Players’ Perspective

From the players’ point of view, Paysafe offers a range of easy-to-use, secure, and flexible payment options, such as Skrill, Neteller, and Paysafecard. These financial services allow individuals to safely deposit funds into their gaming accounts without sharing personal financial information with operators. In addition, they enable hassle-free withdrawals of winnings from these platforms. The convenience and speed provided by Paysafe’s solutions enhance user experience and encourage further engagement in iGaming activities.

Paysafe Group from Operators’ Perspective

Integrating Paysafe Group’s payment solutions into their platforms helps operators efficiently process transactions and manage their revenue streams. By offering various widely recognized payment options, operators can bring in new customers and keep the existing ones by ensuring seamless deposits and withdrawals. Furthermore, partners benefit from Paysafe’s advanced risk management tools to mitigate fraud threats and safeguard users’ sensitive information.

Paysafe Group from iGaming Professionals’ Perspective

iGaming professionals such as affiliates, software developers, and marketers reap the Paysafe benefits. Collaborating with reliable partners simplifies the process of receiving commission payouts or processing supplier invoices. This both improves cash flow and fosters long-term working relationships built on trust within the iGaming industry.

In short, Paysafe Group plays an essential role in the iGaming ecosystem by offering a secure environment for online transactions among all stakeholders – from players to operators to industry professionals like casino affiliate writers, managers, and link builders. Through a diverse range of payment solutions tailored to the unique needs of the iGaming landscape, Paysafe contributes to the industry’s ongoing growth and success.

Paysafe Awards in the iGaming Sphere and Beyond

Paysafe has been on a winning streak, scooping up numerous awards left and right! The company won ‘Best Digital Wallet’ and was highly acclaimed for “Best Payments Led Financial Inclusion Initiative” at The Digital Banker’s Global Payments Innovation Awards 2023. But that’s not all. Paysafe managed to find its way onto CNBC’s list of World’s Top Fintech Companies 2023

Then there’s Paysafe’s Income Access, the superstar of the lot. It danced its way to the top of the “Affiliate Software Supplier” category at the 2023 EGR B2B Awards. And guess what? This is the eighth time it has won this award. Talk about a winning streak at reputable iGaming events! But it didn’t stop there. Paysafe also captured the ‘Payments Provider of the Year’ award at the 2023 EGR North America Awards, making it a hat trick of wins in this category.

Let’s take a trip down memory lane to remember some of Paysafe’s other remarkable achievements as well. Remember the Payment Innovation Award at the 2022 SBC Awards North America? Paysafe won that prestigious iGaming award for its stunning revamp of its Skrill USA digital wallet. This little gem facilitates instant funding for iGaming deposits and payouts.

But it’s not just about the products. Paysafe knows how to take care of its people, too. It also got a ‘Great Place to Work’ reward, making this the sixth employer brand award it won globally in just half a year. The company also took home the Gold Stevie Award for Great Employers. Hats off to Paysafe’s HR team!

Paysafe Group’s commitment to diversity hasn’t gone unnoticed either. It won the overall Pink Chip Employer Award from the European Women in Payments Network (EWPN). And let’s remember its three-in-a-row win as the ‘Best Merchant Acquirer or Processor’ at the revered Payments Awards.

So what does all this tell us? Paysafe is more than just a leader in its field. It’s a trailblazer, a nurturer of its workforce, and a force for good in the payments world. These awards are a shining testament to Paysafe’s relentless dedication to its mission. 

What to Expect of Paysafe Group in the Future

Paysafe Group continues to grow steadily. They reported a 10% year-over-year constant currency revenue increase in the third quarter of 2022, reflecting a positive trend in their financial performance.

Moreover, Paysafe has consistently been working towards expanding its reach and services. They have announced the extension of their collaboration with Visa to enhance their offerings. They have also been diversifying their payment offerings, which is crucial for the future growth of North American in-store SMBs.

While we are on the topic of partnerships, Paysafe has recently announced a new partnership with Fanatics Betting and Gaming, indicating that the company is expanding its collaborations and services in the betting and gaming industry as well.

As for the future, Paysafe Group aims to help online merchants grow sales, especially with the Holiday Season approaching. This indicates their interest in supporting e-commerce and their commitment to providing solutions that boost online sales. It’s also worth noting that there was a recent trading update where Paysafe raised its full-year outlook, which suggests it expects strong performance and future growth.

With all this in mind, it’s reasonable to predict that Paysafe will continue to grow its partnerships, expand its market, and develop new solutions to support online merchants and the broader e-commerce industry. 

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