Paysafecard widely used in Europe

Payment provider, paysafecard group says that online account holders count in at 150 000

With Paysafecard, customers pre-pay for a computer generated 16-digit PIN from which internet Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term can be made. Paysafecard then enables the management of PINs through an online account from which the PIN summary is viewable and from which PIN credits are used. Customers may choose to have an account but are not required to as long as they have purchased a paysafecard PIN. In addition, the account is not link to a bank and thus is filled with the use of PINs only.

This alternative payment method, which has been available for use in several European countries since the beginning of this year only, is one of many solutions that merchants can offer their customers. Payment Magnates is currently working on an exhaustive payment method database which will list details of a great selection of options from which merchants may choose.