A multinational provider of end-to-end payment solutions, Paysafe's core purpose is to, "enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, card issuing, and online cash solutions." Paysafe's leadership team believes it is one of few payments organizations that cater to both consumers and businesses.
With corporate offices located in the Isle of Man, Paysafe's annualized transaction volume is over U.S. $80 billion. Approximately 3,000 employees work out of 14 global locations, including eight North American branches. The company offers 200+ payment types in over 40 currencies worldwide. These solutions are delivered through an integrated platform and geared toward mobile-initiated transactions, real-time analytics, and the convergence between brick-and-mortar and online payments.
"What defines Paysafe is our pioneering spirit; the deep-seated customer centricity of every individual in our company; and our healthy dissatisfaction with the status quo," said Joel Leonoff, Paysafe Group President and CEO. "As a market leader with over 20 years of experience, we take pride in our ability to combine scale with nimbleness. Reach with relevance. And to be able to offer an unrivalled portfolio of proprietary solutions that empower businesses and consumers to connect with each other using just one meeting point, Paysafe."
Paysafe offerings and support cover credit and debit, e-check, risk, PCI DSS compliance, prepaid, digital wallet, cash voucher, affiliate and digital marketing, and mobile solutions. The company is also known for its expertise on regulated marketplaces. The parent brand provides electronic payment services for online, platform and in-store merchants. Seven sub-brands are powered by Paysafe Group: Skrill and Neteller digital wallets, Paysafecard prepaid and Paysafecash solutions, and a proprietary product suite featuring the GOLO ordering and delivery service, Pay Later invoicing application, and Income Access digital marketing software. These capabilities have helped Paysafe support highly regulated markets, such as gambling and gaming, and enabled it to succeed with lotteries in North America, and regulated iGaming jurisdictions in the United States and Europe.Paysafe targets several industries worldwide including petroleum; regional finance; small-to-medium retail and restaurant businesses; and healthcare, winery and fitness companies across North America.
Paysafe noted it recently acquired U.S. competitors MCPS and iPayment, making it a top five, U.S. nonbank payment processor. It also heightened its technology investment and broadened its product offerings. In addition, Paysafe established a partnership with Verifone, becoming the first U.S. ISO to deploy Verifone Connect with Carbon and Engage devices to a U.S. network of quick service restaurants and small and midsize businesses.
In 2017, Paysafe also launched its proprietary research report series, Lost in Transaction, publishing the fourth installment in October 2018, titled Lost in Transaction: The future in payments for SMBs.
"As a company, we have grown rapidly through both acquisition and organic growth, and because of that we offer customers access to an unrivalled range of proprietary payment products and capabilities, along with developer tools, all in one place," said Oscar Nieboer, Chief Marketing Officer at Paysafe Group.
Paysafe prides itself on being a disruptor and pioneer. Leaders point to thoughtful conduct and trust as central ingredients to the company's success, crediting empowered employees, technology and services, and solid business practices, as well as the company's perceptible culture of inclusion, optimism, collaboration, fun, and success. Abiding by self-proclaimed attributes of pioneering, courageous, open, and focused, Paysafe concentrates on combining technology innovation with human innovation and delivering value by creating working practices that improve productivity, reduce costs, develop talent, and provide job satisfaction.
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Vice President of ISO Sales & Implementation, Payment Processing
Senior Vice President, Agent, Banks & Petroleum Sales, Payment Processing