Paysafe

Founded: 1996-01-01 in London, United Kingdom
Headquarters: 2 Gresham Street, 1st Floor, London EC2V 7AD, United Kingdom
Phone: +44 1624-698700

Paysafe is a global payments platform that connects businesses and consumers through a comprehensive suite of secure, flexible payment solutions. With over 30 years of experience, the company specializes in serving the iGaming, video gaming, e-commerce, retail, travel, and hospitality sectors. Its integrated platform spans card processing, digital wallets (Skrill, Neteller), eCash (PaysafeCard), and a wide range of local payment methods. Headquartered in London, UK, and listed on the NYSE (PSFE), Paysafe processes annualized transaction volumes of $167 billion as of 2025. The company employs approximately 2,900 staff across 12 countries and supports more than 260 payment types in 48 currencies. Paysafe’s core purpose is to enable seamless, secure transactions that drive growth for merchants and enhance the consumer experience, particularly within the experience economy. Its long-standing focus on iGaming has made it a trusted partner for operators, affiliates, and players worldwide, offering dedicated solutions for deposits, withdrawals, risk management, and regulatory compliance. Through continuous innovation, strategic partnerships, and a sales-first culture under CEO Bruce Lowthers, Paysafe is strengthening its position as a premier payments provider for the global entertainment and gaming industries.

Detailed Review

Company History & Evolution

Paysafe’s origins date back to 1996, when the business began as a payment processing company. The current entity was shaped by a series of strategic acquisitions and mergers: the 2015 merger of Optimal Payments (owner of Skrill and Neteller) with paysafecard, followed by the 2017 acquisition of US-based merchant acquirer Value+ and the 2019 purchase of Delta Card Services. These deals created a diversified payments platform with a strong foothold in both digital wallets and prepaid cash solutions. The company rebranded from Optimal Payments to Paysafe in November 2015. In March 2021, Paysafe went public on the NYSE via a SPAC merger with Foley Trasimene Acquisition Corp. II, raising approximately $2 billion.

Product & Platform Portfolio

Paysafe’s offering is built around three core pillars: Payment Processing (full-stack merchant acquiring, gateway services via NETBANX, and point-of-sale solutions including Clover integration through a strategic partnership with Fiserv), Digital Wallets (Skrill and Neteller widely used in iGaming and forex for deposits, withdrawals, and money transfers, each with a prepaid Mastercard and multi-currency accounts), and eCash Solutions (PaysafeCard, a prepaid voucher system available at over 700,000 point-of-sale locations across 60+ countries). The company also integrates local payment methods such as SafetyPay in Latin America, PagoEfectivo in Peru, and PaysafeCash. Value-added services include risk & fraud management, capital access via Clover Capital, and a new digital wallet for SMBs launched in 2025.

Market Position & iGaming Focus

Paysafe is one of the few pure-play payment processors specifically dedicated to the iGaming industry. Its digital wallets and eCash solutions are particularly popular in regulated and grey‑market jurisdictions where players seek anonymity or lack access to traditional banking. The company processes billions of dollars in iGaming transactions annually and has deep expertise in regulatory compliance, anti‑money laundering (AML), and responsible gambling initiatives. It maintains licenses from multiple regulators, including the UK Gambling Commission, Malta Gaming Authority, and various US state gaming authorities.

Recent Developments (2025‑2026)

In May 2025, Paysafe expanded its partnership with Fiserv to integrate Clover Capital, enhance fraud protection, and launch a digital wallet for SMBs in the US. In July 2026, it enhanced its integration with Tebex for game monetisation and microtransactions. In February 2026, it formed a strategic alliance with Spreedly to expand its reach in the digital commerce ecosystem. The company celebrated its 30-year milestone in 2026, highlighting continued growth and innovation.

Financials & Headcount

Paysafe reported an annualised transaction volume of $167 billion and revenue of $438.4 million for the full year 2025. It employs approximately 2,900 people across 12 countries, with headquarters in London, UK.

Key Products

Paysafe Payment Processing
Core merchant services including card processing, tokenization, fraud prevention, and unified reporting for retail, restaurant, e-commerce, and enterprise clients.
Neteller
Digital wallet popular in iGaming, forex, and online trading; supports deposits, withdrawals, and prepaid cards.
Skrill
Digital wallet for online payments and money transfers, widely used in gaming, e-commerce, and international remittances.
paysafecard
Prepaid cash voucher allowing online payments without a bank account or credit card, available in over 50 countries.
Rapid Transfer
Online banking payment method that lets consumers pay directly from their bank account without sharing credentials.
Skrill Money Transfer
International money transfer service with competitive exchange rates.
Netbanx
Payment gateway designed for independent software vendors (ISVs) and platforms, offering APIs, seamless onboarding, and global payment method access.
SafetyPay
Cash-based online payment method for Latin American markets, enabling payments without a credit card.
PagoEfectivo
Cash-based online payment method for Peru, allowing users to pay for online purchases at physical locations.
PaysafeCash
Prepaid card product linked to the paysafe ecosystem.
Paysafe Gateway
A comprehensive payment API that connects merchants to a full range of card and alternative payment methods.
Openbucks
An alternative payment method allowing US gamers to pay with cash via third‑party gift cards or a digital Obucks card.
SafetyPay / PagoEfectivo
Cash‑based payment solutions offering online payments with offline cash deposits, mainly serving Latin American markets.
Rapid Transfer / Skrill Money Transfer
Instant bank transfer solutions for online merchants and consumers.
Paysafe Cash / my PaysafeCard
Additional eCash and prepaid card services.