“Can Paysafe evolve from a multi-brand consumer payment network into the embedded payments and wallet infrastructure layer for regulated-industry platforms globally?”
Founded in 1996, Paysafe grew from a prepaid payment voucher (PaysafeCard) company into a multi-brand global payments group through acquisitions of Skrill and NETELLER digital wallets. After going public via SPAC in 2020, the company pivoted toward embedded finance infrastructure — offering white-label embedded wallet solutions and a unified Payments API for platforms and partners. Today Paysafe operates as both a direct payments processor for merchants and an infrastructure provider enabling partners to embed payment and wallet capabilities, particularly serving regulated industries like online gaming and iGaming.
Paysafe discloses Wells Fargo Bank, Woodforest National Bank, Citizens Bank, Deutsche Bank Trust Company Americas, Merrick Bank, BMO Bank and PNC Bank as its banking providers, according to the Embedded Finance Index 2026.
Paysafe does not disclose a bank charter of its own; its banking services are provided through Wells Fargo Bank, Woodforest National Bank, Citizens Bank, Deutsche Bank Trust Company Americas, Merrick Bank, BMO Bank and PNC Bank.
Paysafe processes payments through Paysafe Payments API (self-operated), Paysafe Checkout (self-operated), Paysafe JS (self-operated), Skrill (self-operated), NETELLER (self-operated), PaysafeCard (self-operated) and PaysafeCash (self-operated). Disclosed money-movement rails: ACH.
Paysafe's cards are issued through Paysafe Prepaid Services Limited (self-operated).
Paysafe uses Jumio for KYC and identity verification.
Paysafe's lending and capital products are provided by Youlend.
Paysafe's crypto products run on MoonPay.
The Embedded Finance Index 2026 maps 7 layers in Paysafe's stack: Payments / PSP (Paysafe Payments API (self-operated), Paysafe Checkout (self-operated), Paysafe JS (self-operated), Skrill (self-operated) and 3 others); Money movement (ACH); Banking / BaaS (Wells Fargo Bank, Woodforest National Bank, Citizens Bank, Deutsche Bank Trust Company Americas and 3 others); Card issuing (Paysafe Prepaid Services Limited (self-operated)); Lending (Youlend); KYC (Jumio); Crypto (MoonPay).
Paysafe is founded in 1996 and headquartered in London, England, United Kingdom.
Get a read on where your own stack stands against Paysafe and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.