Founded in 2000, paysafecard has become a global market leader in online prepaid payment methods and part of the broad portfolio of innovative payment solutions and services offered by Paysafe Group. It operates under the brands of paysafecard, my paysafecard, paysafecard Mastercard® card and Paysafecash. Available in over 650,000 outlets in nearly 50 countries worldwide, paysafecard enables easy and secure online purchases by cash, as payments are made either by using a 16-digit paysafecard PIN online or by scanning a Paysafecash Barcode at a Point of Sale. Customers do not need to share sensitive financial data such as bank account or credit card details.
In 2018 paysafecard launched Paysafecash, a new, alternative payment method for customers who want to shop first online and pay then by cash by Scanning a Barcode at a POS. Paysafecash is already being used in multiple European markets as well as in Canada.