Skrill USA Launches Skrill Virtual Visa® Prepaid Card in US
Paysafe’s Skrill USA continues to innovate
digital wallet with Skrill Virtual Visa® Prepaid Card offering
convenient and flexible online payments
Paysafe (NYSE: PSFE), a leading specialized payments platform,
today announced that the Skrill USA digital wallet has unveiled a
virtual version of its existing Skrill Visa® Prepaid Card. Skrill
USA’s latest product innovation offers Americans a fully digital
payments solution which can be activated instantly to spend their
Skrill balance online wherever Visa® is accepted.
With the majority of U.S. and international eCommerce sites
supporting Visa® card payments, the Skrill Virtual Visa® Prepaid
Card, which is issued by the New York-headquartered Community
Federal Savings Bank (CFSB)1, allows Skrill USA customers to shop
online almost anywhere. Providing an alternative to the physical
CFSB-issued Skrill Visa® Prepaid Card, launched in January 2020,
the new virtual card involves a streamlined application process
(users’ first application is also free), and can be activated in
their account2 within seconds.
Once activated, users can shop online immediately. All card
details are instantly displayed within their Skrill account, with
no need to wait for the solution to be physically delivered.
Similarly, unlike a physical card, which can be mislaid or lost
requiring replacement delays, the Skrill Virtual Visa® Prepaid Card
remains constantly accessible until customers choose to lock or
deactivate it, which can be done within seconds.
While a customer incurs no transaction fees when shopping online
using the Skrill Virtual Visa® Prepaid Card, they do earn points
for each payment under the Skrill Knect loyalty program. Each
dollar spent online using the virtual card earns a Skrill user one
Knect point. Points are redeemable for cash above the 5,000
Knect-point threshold as well as other rewards.
The launch of the virtual Skrill Virtual Visa® Prepaid Card is
just Skrill USA’s latest move to strengthen its solution for
American consumers. In March, Skrill USA unveiled its
cryptocurrency offering, allowing U.S. customers across 37 states
and territories to buy and sell cryptocurrencies, after launching
Skrill Money Transfer, a digital remittance solution, in 2020.
Paul Jardon, CEO and CFO of Skrill USA, said: “We’re strongly
focused on evolving our product for U.S. consumers. The Skrill
Virtual Visa® Prepaid Card gives our customers all the benefits and
access to eCommerce of a physical Visa® card with all the speed and
convenience of a solution that is 100% digital.”
About Skrill USA, Inc.
Skrill USA has been making digital payments simple, secure and
quick since 2001. We’re an acknowledged world-leader in developing
global payment solutions for people’s business and pleasure,
whether they’re depositing funds on a gaming site, buying online or
sending money to family and friends. We also meet the needs of
businesses worldwide, helping them build a global customer base and
The assets, liabilities, and results of operations of Skrill USA
are consolidated in Paysafe Limited’s consolidated financial
statements; however, Paysafe Limited has no direct equity ownership
in Skill USA.
For more information on the Skrill Virtual Visa® Prepaid Card:
About Paysafe Limited
Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading
specialized 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 annualized transactional volume of US $92
billion in 2020, and approximately 3,400 employees located in 12+
global locations, Paysafe connects businesses and consumers across
70 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 Issuer statement: The Skrill Visa® Prepaid Card is issued by
Community Federal Savings Bank, member FDIC, pursuant to a license
from Visa U.S.A. Inc.
2 The virtual Skrill Visa® Prepaid Card launch is a phased
roll-out, with the online/web version of the product available
immediately. The mobile app version will be launched later in
version on businesswire.com: https://www.businesswire.com/news/home/20210520005157/en/
Nick Say, Manager, Corporate Communications, North America,
Paysafe T: +1-514 452-8747 / Nick.Say@Paysafe.com
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