paysafecard.com Wertkarten AG
- Founded
- 2000-01-01 in Vienna, Austria
- Headquarters
- Am Europlatz 5, 1120 Vienna, Austria
- info@paysafecard.com
- Phone
- +43 1 720 838011
paysafecard.com Wertkarten AG, operating under the brand PaysafeCard, is an Austrian-based prepaid e-commerce payment solution that allows consumers to pay online without a bank account or credit card. The company issues 16-digit voucher codes that can be purchased at physical retail outlets or online and then redeemed at thousands of partner websites for gaming, entertainment, social media, and general e-commerce. The service is designed for cash-focused users who value privacy and security, as no personal financial information is transmitted during transactions. Founded in Vienna in 2000 by four Austrian entrepreneurs including Armin Sageder (first CEO) and Michael Müller (later CEO), the company originally operated as paysafecard.com Wertkarten AG. It later converted to a German-style private limited company (GmbH) and is now registered under Austrian law. In 2013, PaysafeCard was acquired by the digital wallet provider Skrill; in turn, Skrill was bought by Optimal Payments Group in 2015, which subsequently rebranded as Paysafe. Today, paysafecard.com Wertkarten AG is a wholly owned subsidiary of the Paysafe Group, a global payments platform listed on the NYSE (PSFE). The PaysafeCard service is available in approximately 50 countries, including most of Europe, North America, Australia, New Zealand, and parts of Asia and South America. Users can manage their balances through an optional free online account called myPaysafe or via the PaysafeCard mobile app. Key partners include major platforms such as Steam, Microsoft, Xbox, PlayStation, Google Play, and Facebook.
Detailed Review
paysafecard.com Wertkarten AG pioneered the concept of cash-enabled online payments through prepaid vouchers. Unlike many digital payment methods, PaysafeCard does not require users to register or link a bank account – they simply purchase a voucher (typically from a newsagent, gas station, or convenience store) and enter the 16-digit PIN at a merchant’s checkout. This model appeals strongly to younger, unbanked, or privacy-conscious consumers, and it is especially popular in the regulated iGaming and online gaming sectors, where it helps operators comply with know-your-customer (KYC) requirements while offering a low-friction entry point.
The company’s business model relies on a broad network of point-of-sale partners who sell the physical vouchers, and on commission-based arrangements with merchants who accept the payment method. In many countries, PaysafeCard also offers a registered account (myPaysafe) that allows users to store multiple vouchers, protect balances with a password, and benefit from higher transaction limits. The PaysafeCard App extends this functionality to mobile devices, enabling balance checks and direct payments.
PaysafeCard is regulated as an electronic money issuer. In the European Economic Area, its e-money licence is held by Paysafe Prepaid Services Limited (regulated by the Central Bank of Ireland); in the United Kingdom, Prepaid Services Company Ltd is authorised by the Financial Conduct Authority (FCA). For US customers, cards are issued by The Bancorp Bank, Member FDIC.
As of 2025, the service processes billions of dollars in annual transaction volume and is accepted by over 200,000 businesses globally through the broader Paysafe network. Recent strategic moves include partnerships with payment orchestration platforms like Pay.com (2026) and ongoing integrations with ZEN.COM, reinforcing its position as a vital alternative payment method especially for gaming and entertainment merchants.
Key Products
PaysafeCard (voucher)
The core product: a prepaid 16-digit PIN code sold at retail outlets and online, redeemable at participating merchants for e-commerce payments without a bank account or credit card.
myPaysafe (online account)
A free registered account that lets users upload and manage multiple voucher codes, set a password for extra security, and access higher transaction limits.
PaysafeCard App
A mobile application available for iOS and Android that enables users to check balances, make payments, and manage their PaysafeCard account on the go.
PaysafeCash (related service)
A cash-based top-up service for digital wallets, integrated with the PaysafeCard ecosystem, allowing consumers to load cash into their Skrill or other accounts at retail points.
Key Persons
Bruce LowthersCEO & Executive Director