The purchase is completed and shipped when the amount due has been paid.
Payment is made by generating a barcode during the online checkout, which is scanned in person at a payment point. Available in more than 25 countries, Paysafecash™ makes online shopping possible for customers without a debit or credit card, or who do not want to use them for online payments. Paysafecash™, from leading integrated payments platform Paysafe Group, is an alternative payment method for customers who want to pay online easily and safely using cash. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments.įurther information is available at About Paysafecash With over 20 years of online payment experience, an annualized transactional volume of over US $98 billion in 2019, and approximately 3,000 employees located in 12+ global locations, Paysafe connects businesses and consumers across 70 payment types in over 40 currencies around the world. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. Paysafe Group (Paysafe) is a leading integrated payments platform. This partnership will not only provide convenience for the end-user, it will also benefit our retail partners by driving in-store traffic.” Tim Richardson, Senior Vice President at InComm, commented: “We’re excited to partner with Paysafe to expand our financially inclusive cash-in solution. We’re proud to bring to the market an eCash product that will allow underbanked and unbanked Americans to participate in the digital economy and prevent financial discrimination against the cash consumer.” Udo Müller, CEO of paysafecard, the team behind Paysafecash™ at Paysafe, said: “Against the backdrop of the converging trends of cash loyalty and a rising need to transact online, we feel there is strong consumer demand in the U.S. No Paysafecash™ customer account is needed to make a transaction. Once the consumer’s barcode is scanned and the balance paid in cash, the payment is completed. retail locations including 7-Eleven®, Dollar General, Family Dollar, and a range of other branded convenience stores and pharmacies.
Simultaneous cash loyalty – the same research reveals 75% of consumers would be concerned if they could not access cash – suggest this will likely trend higher.Ĭonsumers favoring cash can use Paysafecash™ at participating websites by simply selecting the brand as the payment method at the online checkout, producing a barcode that can be stored on their mobile device or printed.Ĭash payments can then be made at brick-and-mortar stores in InComm Payments’ Vanilla Direct™ network, encompassing more than 60,000 U.S. Uptake has been significant, with 14% of Americans using an eCash product at least monthly in 2020, according to Paysafe’s Q2 research. The COVID-19 pandemic has further increased demand for eCash solutions, enabling consumers to avoid long wait-times to make in-person payments at crowded federal, state and municipal facilities, among other benefits. With no need of a bank account or to share sensitive financial information over the internet, Paysafecash™ allows all Americans to transact online, including to pay their rent and government bills, access a diverse range of other digital financial services, and engage in eCommerce. households that are either underbanked or unbanked, according to research from the Federal Reserve. The solution will particularly appeal to the 22% of U.S. issue of financial inclusion and cash’s enduring importance in the market, Americans not able, or wanting, to make credit or debit card payments online can now access Paysafecash™, which was first launched in 2018 and is now live in almost 30 global markets.
eCash solution is powered by the Vanilla Direct™ payment network of InComm Payments, a leading global payments technology company. launch of Paysafecash™, an alternative payment method for consumers who want to pay online easily and safely using cash. Houston, Texas – Paysafe, a leading integrated payments platform, today announced the U.S.