Paysafe Offers Real-time1 Customer Payouts for Merchants With Visa
May 03 2022 - 4:00AM
Business Wire
Paysafe and Visa extend relationship with
integration of Visa Direct for rapid money movement
Paysafe (NYSE: PSFE), a leading specialised payments platform,
announces the extension of its collaboration with Visa to integrate
Visa Direct, Visa’s real-time2 push payments platform. Especially
suited to industries where speed of settlement is key, such as
cryptocurrency or FX trading and iGaming among many others, Paysafe
will offer Visa Direct to merchants, exchanges, operators and other
online businesses in the UK and Europe.
Using Visa Direct for fast push payments, merchants can gain
tighter control of their cash flow. Paysafe customers who use Visa
Direct can opt to receive their payments within minutes, giving
them quicker, easier access to funds, so they can make spending
decisions faster and with more flexibility.
The new integration allows merchants to access the Visa Direct
service through Paysafe’s single point of connection, to enable
push payments to eligible Visa cards for domestic payouts, and to
eligible Visa cards and accounts for cross-border payments.
Paulette Rowe, CEO of Integrated and Ecommerce Solutions at
Paysafe, commented: “In some of the sectors we operate in, such as
cryptocurrency or iGaming, speed of settlement is absolutely
central to business success due to the rate at which the industry
is moving. It is in these specialised industries that, now more
than ever, an effective approach to payments can provide a
competitive advantage, and steps such as this are likely to help to
propel the more emerging industries into the mainstream. We’re
therefore delighted to offer Visa Direct as part of our portfolio
to enable rapid customer payouts underpinned by a secure and
trusted brand like Visa.”
Nicky Alexander, Head of Visa Direct, Europe, at Visa added: “At
Visa, we’re focused on reimagining how money moves around the
world. Through this collaboration with Paysafe, we’re excited to
bring a more streamlined customer journey and real-time3 transfer
capabilities to more businesses in the UK and Europe.”
NOTES TO EDITORS
For more information about Visa Direct and Paysafe, please
visit: https://www.paysafe.com/en/visa-direct-with-paysafe/
About Paysafe Limited
Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading
specialised payments platform. Its core purpose is to enable
businesses and consumers to connect and transact seamlessly through
industry-leading capabilities in payment processing, digital
wallet, and online cash solutions. With over 20 years of online
payment experience, an annualised transactional volume of over US
$120 billion in 2021, and approximately 3,500 employees located in
10+ countries, Paysafe connects businesses and consumers across 100
payment types in over 40 currencies around the world. Delivered
through an integrated platform, Paysafe solutions are geared toward
mobile-initiated transactions, real-time analytics and the
convergence between brick-and-mortar and online payments. Further
information is available at www.paysafe.com.
1 Actual fund availability depends on receiving financial
institution and region. 2 Actual fund availability depends on
receiving financial institution and region. 3 Actual fund
availability depends on receiving financial institution and
region.
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version on businesswire.com: https://www.businesswire.com/news/home/20220503005117/en/
Anna Birdsall-Strong, VP Communications, Europe, Paysafe
anna.strong@paysafe.com Phone: +442038908975
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