19 years of experience in prepaid online payments
With the rapid expansion of the internet in the late 1990s, online shopping gained increasing significance. However, the lack of suitable payment methods proved to be a barrier to the development of e-commerce. This is where the founders of paysafecard began: They developed a solution to the idea of "cash for the internet" and became pioneers in online payments. Today paysafecard is one the worldwide market leaders in prepaid payment methods for the internet and is active around the world in 47 countries. It is also a member of the Paysafe Group.
Prepaid Services Company Ltd. is a subsidiary of paysafecard and is based London, Great Britain. It has an e-money licence and a Mastercard® licence. These licences permit the issuing of electronic money and Mastercard products within the entire EU. The e-money licence is awarded by the British Financial Conduct Authority (FCA). It includes strict requirements and guidelines. Compliance to these is regularly checked.