Since its launch in 2000, paysafecard has made it possible for people to pay safely online, as they would with cash. With the expansion, paysafecard also became available internationally and is now one of the world market leaders in prepaid solutions and part of Paysafe Holdings UK Limited.
2000 - 2007: the first years
2000-2001: paysafecard launched in Austria and Germany
Four friends stood together at the beginning in 2000: Armin Sageder as CEO, Michael Müller, Reinhard Eilmsteiner and Michael Altrichter. They had the vision of "cash for the internet" and developed paysafecard. Today's management - Udo Müller and Joze Rant - were on board right from the start.
The attractively simple product idea: paysafecard is purchased at sales outlets and used to pay by entering a printed 16-digit PIN in an online shop. Only one year after its founding, paysafecard also launched in Germany.