Paysafe Group PLC Insights

paysafe group logo

Paysafe Group is one of the largest companies on the ewallet market. The company owns world-famous and very popular brands: Skrill, NETELLER and Paysafecard.

Paysafe Group was formed in 2015 after the merger of several large ewallet companies: Optimal Payments Limited, NETELLER PLC, and Netbanx Ltd.

Let’s look at the chronology of the Paysafe formation:

Paysafe History and Rising

1996

Netbanx Ltd was established in the UK.

1997

Optimal Payments Limited was created in Canada.

1999

NETELLER was established in the UK.

2000

paysafecard was founded

Four Austrians developed “cash for the internet” and named their product paysafecard. 2000 was the birth of paysafecard, a great success story began.

2001

Moneybookers was established

Moneybookers was established in the United Kingdom in 2001 and got approved and regulated by the British Financial Conduct Authority (FCA).

2004

NETELLER stock market debut

NETELLER raised 30 million GBP in stock market debut. The total value was 240 million GBP which made it one of the biggest technology listings in the UK in recent years.

2005

NETELLER bought Netbanx.

2007

Moneybookers acquired

Investcorp Technology Partners acquires Moneybookers.

2008

NETELLER renamed

NETELLER changes name to Neovia Financial PLC.

2010

Partnership

Skrill started its partnership with eWallet-Optimizer.

2011

Neovia acquired Optimal Payments

Neovia acquired Optimal Payments and changes its name to Optimal Payments PLC.

2011

Moneybookers rebrands to Skrill

Moneybookers rebrands to Skrill and changes its name to Skrill. The same year Skrill acquired the young startup payolution in 2011.

2013

Skrill closes paysafecard acquisition

Skrill announced that it has agreed to acquire 100% of paysafecard.com Wertkarten AG. The total consideration for the acquisition was €140 million.

2014

NETELLER goes eWO

NETELLER started its partnership with eWO to push customers satisfaction to a next level with additional values for the clients through the Bonus Program.

2015

Optimal Payments purchased Skrill

Optimal Payments purchased Skrill for a price of 1.1 billion EUR.

2015

Optimal Payment Group rebranded to Paysafe Group

2015

London Stock Exchange

The Paysafe Group was listed on the London Stock Exchange.

2017

Takeover of Paysafe

Paysafe got sold to a consortium of CVC Capital Partners and the Blackstone Group for £2.96 billion.

2017

Paysafe delisted from London Stock Exchange

After the takeover soem months earlier, Paysafe got delisted from the London Stock Exchange accordingly.

2018

Paysafe leaving Brazil

In January 2018, Skrill and NETELLER left Brazil while ecoPayz takes over the Brazilian gambling market.

Philip McHugh

Philip McHugh – Executive Director and Chief Executive Officer of Paysafe

It is safe to say that there is no way around the Paysafe Group if you want to use and profit from digital payment options.

Today they offer their services in over 200 countries and are leading companies in the eWallet sector. The operating income for 2015 was $26.2 million, with a net income of $7.4 million.

Paysafe’s current CEO is Philip McHugh, who took office on June 24, 2019. Before him this post was held by Joel Leonoff, who is Vice Chairman of the Board of Directors now.

Paysafe is by far the leading company on this market and an important partner for any merchant around the world, who wants to offer his customers an easy and secure way to deposit and withdraw their funds at any time.

Paysafe Group Plc currently is a leader in the payment solutions industry, which includes the brands Skrill®, NETELLER®, MeritCard, paysafecard®, payolution®, Income Access and FANS Entertainment.

Skrill

Skrill is an international electronic wallet that allows you to make payments simply using the recipient’s email address. This payment method is very popular in gambling resources: poker rooms, bookmakers, casinos and forex exchanges.

NETELLER

NETELLER is also a widespread electronic wallet that can be used both for transfers to hundreds of merchants and for fast and safe transfers between users.

Paysafecard

Paysafecard made it possible to pay online as safely as paying in cash. By purchasing a card at a sales outlet, one received a receipt with a 16-digit PIN, which could be used to pay safe online. From the beginning of 2004, voucher cards also became available to buy online.

Until now there was a steady grow and paysafecard built a very strong market position. It is available in 23 currencies at more than 500.000 sales outlets in 43 countries all over the world.

Paysafecash

Paysafecash service was created for quick and easy payment of goods in stores. After selecting the product in the store and specifying Paysafecash as the payment method, you will receive a message with a bar code, go to the nearest payment point and pay for the cost of the goods. This service allows you to keep your financial data safe.

Paysafecash is primarily designed to pay for goods from Amazon, Skrill and NETELLER.

Paysafe Group - Golo

Paysafe - Income Access

Golo is a Canadian mobile app for delivering convenience goods from nearby stores and restaurants. Delivery to offices, airports, hotels, hospitals and even stadium seats is possible.

Golo currently operates in two cities: Toronto and Montreal. Users of the application are available orders from 140 outlets.

Income Access provides marketing agency services and also develops its own affiliate marketing software. Income Access was bought by Paysafe in September 2016. In addition, this Paysafe Group subsidiary is the owner of the iGaming affiliate network.

Affiliate network cooperating with more than 300 brands including such as PokerStars, Jackpot Joy, Ladbrokes and other.

Paysafe Group also offers affiliate programs for everyone who want to receive a share of the revenue from attracted users in Skrill and NETELLER. This is a great opportunity to receive passive income, especially if you have your own media resource.

Paysafe has received many awards and most of them are for achievements in the eWallet market. We highlighted a few of them and you can also check the full list of Paysafe Awards.

  • Year
  • 2016
  • 2017
  • 2018
  • 2019
  • Paysafecard_awardBestmerchant_awardBestmobile_award
  • Payments_awardStevie_awardEPA_awardService_award
  • Ps_awardep_awardeu_awardEGR_NA_awardEGR_awardBBG_award
  • Ps_award
  • Awards
  • Payments & Fraud Company of the Year
    Best Merchant Acquirer/Processor
    Best Online or Mobile Commerce Solution
  • Best Merchant Acquirer/Processor
    Winner of a Silver Stevie
    Best PSP or Acquiring Solution Provider
    Best Service Provider
  • Best Merchant Acquirer/Processor
    Best PSP or Acquiring Solution Provider
    Best overall payment service provider
    Payments Company of the Year
    Best Innovation in Payments Solutions
    Payment Solution of the Year
  • Best Online Payments Solution - Consumers
    Crypto Initiative of the Year (with Coinbase)
    Skrill named Best Digital Wallet 2019
    Payments Processor of the Year

Paysafe Social NetworksIf you want to follow the activities of the Paysafe company and know about all the news – follow the Paysafe on social networks: Twitter, YouTube, Facebook, Instagram, LinkedIn.
We also try to show our clients all the important news about Skrill and NETELLER e-wallets and publish them in our news section. Make sure that you are subscribed to our Telegram channel to be the first to know about all the important changes to Skrill and NETELLER.

After merging into one company, Skrill and NETELLER retained their own brands and offered their product separately. However, if you do have an account on both, you can easily transfer money between Skrill and NETELLER. The fee for the transfer is 1.9% without any cap and without any lower fees for customers holding the Skrill and/or NETELLER VIP status.

If you have any questions about Paysafe, Skrill or NETELLER, please do not hesitate to contact us .