What is Paysafe?
Paysafe is a global payment platform that provides merchants with reliable, safe and secure payment processing solutions for both online and in-person transactions. With Paysafe, over 500,000 sales outlets in 41 countries can accept payments from their customers using multiple currencies through a single platform. The software manages digital wallets, card issuing, and online or mobile-based money transactions while being compliant with PCI regulations.
One of the key features of Paysafe is that it replaces credit card numbers with tokens to reduce the risk of card data breaches during PAN-related transactions. Additionally, the software offers users an option of recurring billing, client profile management & micro payments to improve customer experience on the platform. To manage all activities seamlessly, paysafe provides a web-based virtual terminal that allows real-time monitoring of all transactions helping merchants manage risk and prevent fraud.
Overall, this business software solution was designed to allow businesses to accept orders via phone or mail and route them through website or mobile apps while ensuring safety in terms of complying with PCI DDS requirements. Paysafe also provides merchant organizations regular reports on insights into the latest things happening within the payment business technology space along with success stories keeping them updated about trends in their industry.