The platform also integrated Paysafe’s Skrill and Neteller digital wallets and the firm’s PaysafeCard eCash solution, the companies said in a Friday (Jan. 16) press release.
With the addition of these offerings, Pay.com can offer merchants another acquirer option for card payments and can offer both merchants and their customers a wider range of payment options, according to the release.
“Integrating Paysafe into our platform enhances the advanced orchestration capabilities we provide to merchants, helping them maximize authorization rates and optimize every transaction,” Pay.com Chief Revenue Officer Nicholas Banerjee said in the release. “This partnership ensures our customers benefit from greater flexibility across card payments and a wide range of alternative payment methods.”
Paysafe serves merchants and consumers in the global entertainment sectors, connects them across 260 payment types in 48 currencies, and had an annualized transaction volume of $152 billion in 2024, according to the release.
The company’s Paysafe Card is a voucher-based solution designed to enable cash-focused consumers to transact online, per the release.
“Our collaboration [with Pay.com] will likely be a gamechanger for online merchants, optimizing payment routing, enhancing approval rates, and, above all, strengthening their checkouts and ultimately customer relationships,” Paysafe Chief Revenue Officer Rob Gatto said in the release. “More broadly, with Paysafe’s heritage and with our payment solutions serving as trust-marks for merchants worldwide, we expect to support Pay.com’s business growth and global expansion.”
Paysafe reported in November that in the third quarter, North America, its largest market, grew by 8%, marked by 50% in iGaming and 4% in small- to medium-sized business (SMB) business growth. The company also saw 22% growth in eCommerce.
Meanwhile, Pay.com said in February that it selected the global real-time payments platform Volt as a new strategic open banking partner. The company said that this collaboration would enable Pay.com’s merchants to access Volt’s Instant Bank Transfer solution to allow their end-users to make payments from their bank account in real time.