Paysafe Fees Overview
Unraveling the Fine Print: Overview of All Paysafe Fees
Why choose Paysafe?
Paysafe is a merchant services provider that supports markets primarily in the U.S., U.K., Canada and Europe. Although it is known for its wide variety of payment solutions, many features are limited to Europe, meaning U.S. businesses primarily use it as a payment service provider for credit cards.
Paysafe's quote-only pricing might be acceptable to businesses that have high transaction volumes and are looking for more tailored fees. However, customer ratings are somewhat low, and the company lacks transparency in pricing and contract terms. Small businesses that process lower transaction volumes and need business-specific software features can likely find a better option.
About Paysafe
Paysafe doesn't offer transparent pricing
Unlike some of its competitors, Paysafe doesn't offer transparent pricing. Instead, it provides individual quotes based on several factors. While this structure can be an obstacle for some small businesses, larger businesses might find that the tailored approach offers competitive rates.
Because Paysafe is entirely quote-based, what you pay likely depends on the services you need, your monthly transaction volume, the average cost of individual transactions and more. Paysafe advertises “supercompetitive processing rates” on its website.
However, without transparent pricing, it’s hard to know upfront if Paysafe will be a good deal for your business. Generally, merchants with higher transaction volumes receive lower payment processing fees, but there’s no way to be sure this applies at Paysafe as well.
Do your research after speaking with a representative to determine if a contract makes financial sense for your business. Keep in mind that you’ll need to sign a contract to start processing payments, and those contracts can range from monthly to three-year agreements.
Payment processing
Paysafe supports in-person and online credit and debit card payments from most major credit card providers. As its name suggests, the company prioritizes security during checkout with fraud prevention tools, tokenization and a chargeback management process that ensures your business will be PCI compliant.
In addition to general payment processing, Paysafe has industry-specific solutions for convenience stores, gas stations, digital marketing companies, regulated iGaming and online lottery services and more.
In-store payments work with several terminals. Customers get a discount on the Clover Station, which is a powerful countertop terminal. You may also qualify for a loan program to avoid the high cost of having to buy a Clover Mini or Flex outright. Businesses can also use Paysafe as their payment processor with Ingenico, Verifone and SwipeSimple, among others.
Digital wallets
Paysafe offers a digital wallet that stores payment methods, such as credit card information, and allows customers to pay contactlessly. Popular examples of digital wallets include Venmo and Samsung Pay.
Paysafe offers digital wallet services through its subsidiaries Skrill and Neteller. These integrations allow your business to accept payment from users who have the Skrill or Neteller app, which can provide an alternative payment method for users and increase your business’s accessibility.
Get started with Paysafe
Last updated
