Players increasingly turn to Paysafe payment solutions

Published on 18th June 2021 by kirk

Online gambling can be incredibly rewarding. One distinct downside, however, is security. While it is important to take care of who has access to your personal details offline, it is critical when you are on the internet. Whether you are a NetEnt enthusiast or would rather spend your time on Evolution’s live gameshows, the need for caution remains the same. Luckily, there are some payment solutions rising to the occasion that players can trust. Paysafe is one of the most popular providers, and we are going to discuss why more players are turning to it for their online funding needs.  

Paysafe offers players secure funding options  

Established in 1996, Paysafe has been an industry leader for well over 20 years. The business is unique in its ability to tailor its scale and reach to match the agility needs of its customers. This makes it a particularly useful funding solution for smaller businesses and larger organisations alike. The business is also user-centric and boasts more than 3,000 employees around the globe at over 12 different locations.  

As online gambling continues to rise in popularity and more operators enter the global market, the need for secure payment options will only become more important. Sometimes, it can be difficult to find casinos that offer secure solutions that players can trust, and more and more are turning specifically to Paysafe-powered methods to safely fund their accounts. This boost in userbase can be seen in the recent growth that the organisation has experienced.  

Paysafe’s 2021 Q1 finances report an increase in both revenue and costs. The company saw an increase of nearly €15m in revenue, taking its total profits to around €316.93m. This increase reflects the growing userbase of players opting for the company’s finance solutions over other comparable options. The Q1 findings also revealed an increased loss of above €1.67m. This is Paysafe’s first report since its merger with Foley Trasimene Acquisition Corporation, and while it perhaps did not find a record increase in revenue, it shows a steady growth set to continue to rise as players continue to prefer Paysafe solutions.  

Are you interested in using Paysafe as your casino funding source? Check with your online casino and see what it offers!