Paysafecash
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Barcode (e-Cash) payment solution Paysafecash was launched in 2018 by paysafecard, part of Paysafe Group..[1][2] It is based on a barcode generated in the online checkout of an app, account, wallet or webshop when Paysafecash has been chosen as the post payment or deposit option. The generated barcode can be sent to a mobile phone via a text message or an e-mail, uploaded to a mobile wallet, or printed out.[3] The customer shows the barcode at the nearest Paysafecash payment store, where it is scanned and the amount due can be paid with cash. Payment stores are to be found via a location finder within the Paysafecash app or on the Paysafecash webpage.[4]
Paysafecash was created for cash-reliant consumers who do not possess a credit or debit card, or do not want to disclose their financial data when making online purchases or paying bills. It allows the use of traditional cash for digital payments in multiple industries such as financial services, rent payments, government and utility bills, e-commerce, and others. Retail and neobanks can offer new services to their customers, as Paysafecash integration in their banking app provides an option for cash deposits to digital bank accounts at a brick-and-mortar store.
Geographical extension[edit]
As of 2022, Paysafecash is available in about 30 countries in Europe and North America.[5][6]
Acceptance[edit]
Paysafecash is accepted in more than 200,000 brick-and-mortar Paysafecash partner stores globally.[7][8][9]
Functionality[edit]
Users select Paysafecash in the online checkout page as their desired payment or deposit method, load the generated barcode into their wallet, send it to their mobile phone or print it out.
They can then find the nearest Paysafecash payment store using the online search function. Once the barcode is scanned by the cashier at the payment store, the open amount can be paid.
Recent developments[edit]
In March 2021, Paysafe expanded its partnership with North American online rent payment platform RentMoola to allow tenants to use Paysafecash as a payment form[10][11][12].
Paysafe announced in May 2021 a deal with Repay Holdings Corporation to enable Repay merchants and lenders to accept cash payments at Paysafe's about 70,000 partner locations in the US through Paysafecash[13][14].
In June 2021, the company announced two partnerships to expand Paysafecash's global presence: one with cloud-based payment platform IntelliPay in the US,[15][16] and one with financial intermediary company SweePay to allow Swiss residents to use Paysafecash as a payment option.[17]
Paysafe announced in September 2021 a partnership to enable customers of app-based Dutch bank bunq to add cash to their accounts through Paysafecash in 21 European countries[18][19]
External links[edit]
References[edit]
- ↑ "Paysafe Launches Paysafecash – the Ground-Breaking New Payment Solution for the 'Cash Consumer'". Payments Journal. Retrieved 3 February 2022.
- ↑ "Paysafe rolls out payment solution for the cash consumer". The Paypers. Retrieved 3 February 2022.
- ↑ "Paysafecash wiki". Monito. Retrieved 3 February 2022.
- ↑ "Paysafecash website". Paysafecash. Retrieved 3 February 2022.
- ↑ "Paysafecash Debuts In US For eCash Payments". PYMNTS. Retrieved 3 February 2022.
- ↑ "Paysafe reveals online cash payments solution in US". The Paypers. Retrieved 3 February 2022.
- ↑ "Paysafecash FAQ". Paysafecash. Retrieved 3 February 2022.
- ↑ "Future of cash". Wired. Retrieved 3 February 2022.
- ↑ "Paysafecash teraz we wszystkich Żabkach". Telepolis (in Polish). Retrieved 3 February 2022.CS1 maint: Unrecognized language (link)
- ↑ "Paysafe expands partnership with RentMoola to offer eCash payment for U.S. tenants". IBSIntelligence. Retrieved 8 March 2022.
- ↑ "Paysafe Joins Forces With RentMoola to Enable U.S. Renters to Pay Rent Online". Crowdfund Insider. Retrieved 3 February 2022.
- ↑ "This Week in Fintech: TFT Bi-Weekly News Roundup 04/03". The Fintech Times. Retrieved 8 March 2022.
- ↑ "REPAY Partners With Paysafe to Enable U.S. Merchants to Accept Online Cash Payments". Yahoo! Finance. Retrieved 3 February 2022.
- ↑ "REPAY Teams With Paysafe To Facilitate Online Cash Payments". PYMNTS. Retrieved 3 February 2022.
- ↑ "IntelliPay taps Paysafe for online cash payments". Electronic Payments International. Retrieved 3 February 2022.
- ↑ "Paysafe promotes financial inclusion in the U.S. via extended partnership with IntelliPay". IBS Intelligence. Retrieved 3 February 2022.
- ↑ "Swiss Residents Now Able to Settle Bills Using Paysafecash". Fintech & Finance News. Retrieved 3 February 2022.
- ↑ "bunq teams up with Paysafe to give customers access to cash services". Retail Banker International. Retrieved 3 February 2022.
- ↑ "Dutch digital bank Bunq partners with Paysafe to offer cash deposits". Fintech Futures. 15 September 2021. Retrieved 8 March 2022.
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