Skrill

The paysafecard group is an e-money institution which provides prepaid payment solutions for the Internet. The company’s main product paysafecard enables consumers to pay for digital goods such as online games, Internet telephony and other services by simply entering the unique PIN that comes with a paysafecard. The company was founded in 2000 and is currently operating in 30 countries in Europe and America. Within the European Union, paysafecard is issued under the e-money licence of the Financial Services Authority (FSA). The paysafecard group has won several awards for its prepaid payment solutions such as the Paybefore Awards for “Most Innovative Prepaid Solution” and “Best Digital Currency”.

Paysafe Pay Later is offering seamless white-label invoicing and instalment solutions for e-retail and travel. Invoice is by far the preferred payment method by consumers and therefore conversion rates at the check-out by up to 80%. Payment by installments are hardly offered in Europe as merchants were not able to take the risk and refinance outstanding money. Therefore payolution is absorbing the credit risk and paying the merchant in advance. payolution is based in Vienna and was founded by Michael Altrichter (co-founder paysafecard) and Stefan Kalteis (co-founder 123people).