Paysafecard Company Profile - Licensing, Payments Infrastructure, and Global Distribution
About Organisation
Brief Overview
| Company Name | Paysafecard |
| Legal Entity | paysafecard.com Wertkarten GmbH |
| Business Model | Prepaid eMoney and eCash Payments |
| Ownership | Paysafe Group |
| Founded | 2000 |
| Core Product | 16-digit prepaid PIN vouchers |
| Availability | 50+ countries |
| Distribution Network | 650,000+ physical sales outlets |
Paysafecard digitizes physical cash by converting it into a prepaid digital instrument usable for online payments. The solution is widely adopted in sectors where card access, chargeback risk, or privacy considerations are key constraints.
Mission and Business Focus
Mission
To provide secure and accessible cash-based digital payment solutions for consumers who prefer alternatives to traditional banking products.
Business Focus
- Prepaid eCash payments for online merchants
- Regulated iGaming and sports betting deposits
- Digital entertainment and gaming platforms
- Financial inclusion for underbanked users
Company History & Ownership
Year Founded and Evolution
| 2000 | Founded in Vienna, Austria |
| 2001 | Expansion into Germany |
| 2013 | Acquired by Skrill |
| 2015 | Skrill Group acquired by Optimal Payments, later rebranded as Paysafe Group |
| 2021 | Paysafe Group listed on the NYSE via SPAC merger |
Founders and Leadership
| Armin Sageder | Founder and first CEO |
| Michael Müller | Co-founder and former CEO |
| Udo Müller | Former CEO and advisor |
| Bruce Lowthers | CEO of Paysafe Group |
Paysafecard operates as a strategic brand within the Paysafe portfolio alongside Skrill, Neteller, and other digital payment products.
Licensing & Regulatory Info
| Region | Regulator | Status |
| United Kingdom | Financial Conduct Authority | E-money license (FRN 900021) |
| European Union | Central Bank of Ireland | Regulated via Paysafe Prepaid Services Limited |
| Global | Local regulators | Market-specific authorizations via Paysafe Group |
Compliance Framework
| Area | Measures |
| AML and KYC | Compliance with EU AMLD5 and AMLD6 |
| Data Security | PCI DSS Level 1 certification |
| Card Products | Mastercard-licensed prepaid cards |
Offices & Headquarters
Corporate and Operational Locations
| Country | City | Function |
| Austria | Vienna | Operational headquarters |
| United Kingdom | London | Paysafe Group corporate HQ |
| United States | Jacksonville, FL | North American operations |
Global Reach
Paysafecard products are distributed in more than 50 countries through a large offline retail network that includes newsagents, petrol stations, supermarkets, and convenience stores.
Business Partnerships
Platform and Technology Integrations
Paysafecard is integrated with major digital commerce and entertainment platforms to support prepaid online payments.
- Google Play
- Microsoft
- Sony Interactive Entertainment
Merchant and PSP Relationships
| Segment | Partners |
| iGaming Operators | 888 Holdings, Entain |
| Payment Service Providers | Adyen, Worldpay, ACI Worldwide |
Paysafecard is commonly offered as a deposit option in regulated gambling markets where cash-based payments remain in high demand.
Contact Details
| Legal Entity | paysafecard.com Wertkarten GmbH |
| Vienna Office | Am Europlatz 5, 1120 Vienna, Austria |
| B2B Enquiries | [email protected] |
| Consumer Support | [email protected] |
