digital payment solutions for businesses Paysafe Financial Services Limited (United Kingdom) is an electronic money institution authorized and regulated by the Financial Conduct Authority. Paysafe Financial Services is focused on digital payment solutions for businesses. The company offers card payment processing, digital wallets, bank transfers, point of sale to online businesses, e-commerce platforms, retail and stores. In 2023 Paysafe Financial Services Limited had total assets of 278.13 mln USD, and generated net income of 13.57 mln USD. During 2023 the company had 79 employees in average.
13 August 2024, by Anna Mileiko
TheBanks.eu has developed a proprietary methodology to assign ratings to payment institutions based on their operating environment, company background, business model, market niche, product range, transparency, customer support and customer sentiment. According to the methodology, Paysafe Financial Services Limited is assigned the overall rating 2.97 (average) which is explained in details below.
| Operating Environment | Very Friendly | (4.81) |
| Product Range | Focused | (2.29) |
| Market Niche | Narrow | (2.48) |
| Company Background | Very Strong | (4.38) |
| Customer Support | Poor | (1.92) |
| Customer Sentiment | Bad | (1.40) |
| Transparency | Average | (3.39) |
| Overall Rating | Average | (2.97) |
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TheBanks.eu has also identified the following pros and cons of the company:
Paysafe Financial Services is registered with the Financial Conduct Authority (FCA), but does not offer crypto asset services.
From January 2020, firms carrying out specific cryptoasset activities in the United Kingdom need to comply with the amended Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLRs) and to register with the FCA.
Paysafe Financial Services Limited got registered with the FCA on 12 November 2021.
Paysafe Financial Services do not offer crypto assets services.
| thn USD | 2022 | 2023 | change (%) |
|---|---|---|---|
| Total Assets | 261,006.00 | 278,134.00 | +6.56% |
| Revenue | 64,914.00 | 74,263.00 | +14.40% |
| Gross Profit | 49,407.00 | 59,060.00 | +19.54% |
| Net Income | 2,957.00 | 13,567.00 | +358.81% |
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 26 (+22) |  Squareup Europe Ltd | 0.69 % | 222.31 mln GBP (+391.00%) |
| 27 (-4) | Paysafe Financial Services Limited | 0.67 % | 261.01 mln USD (-13.13%) |
| 28 (+6) |  SumUp Payments Limited | 0.63 % | 230.71 mln EUR (+81.69%) |
United KingdomPaysafe Financial Services Limited is authorized by the Financial Conduct Authority as a e-money institution (reference number 900015) for issuance of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions, money remittance, execution of payment transactions via telecoms, IT system or network operator; the authorization was granted on 16 March 2018.
Paysafe Financial Services Limited is not a bank, it can't collect deposits from public or loan out its clients’ money. Hence, it does not have to participate in deposit guarantee schemes. However, Paysafe Financial Services is required to safeguard its customers’ money.
Since January 2021, Paysafe Financial Services Limited can not conduct its activities in EEA member states. Paysafe Financial Services Limited keeps providing its services to EEA-based customers via Paysafe Payment Solutions Limited (Ireland), Paysafe Prepaid Services Limited (Ireland).
Paysafe Financial Services Limited is a SWIFT member.
Floor 27 25 Canada Square, E14 5LQ, London, United Kingdom
+44 02036972413EnglishPaysafe Financial Services has profiles on the following social networks:
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United KingdomPaysafe Financial Services Ltd (FRN: 900015), together with Skrill Ltd (FRN: 900001) and Prepaid Services Company Ltd (FRN: 900021) are all authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money and payment instruments. Net+ and Skrill Prepaid Mastercards are issued by Paysafe Financial Services Limited.
