Paysafe (NYSE:PSFE) is a specialized payments platform that provides digital commerce and payment solutions for businesses and consumers. Its services include payment processing, online cash solutions, digital wallets, and related technologies that enable customers to pay, receive funds, and manage transactions across online and physical channels.
The company’s consumer-facing brands include Skrill, a digital wallet and money-transfer service; Neteller, a digital payments platform; and paysafecard, a prepaid cash-based payment method. Paysafe also offers merchant acquiring, payment gateway, fraud-prevention, and alternative payment services designed to help businesses accept payments through cards, bank transfers, digital wallets, prepaid products, and other local payment methods.
Paysafe serves merchants and consumers in multiple international markets, with particular experience in sectors such as online gaming, sports betting, digital entertainment, travel, financial services, and e-commerce. The company traces its roots to the late 1990s and expanded through acquisitions, including the purchase of Skrill Group in 2015. Paysafe later became a publicly traded company through a business combination completed in 2021.
