Start accepting popular prepaid card with low risk of returns
Alternative Payments understands the need for merchants to accept prepaid cards while reaching new consumer markets. Prepaid cards are used by consumers that simply prefer to pay in cash online or by those that do not wish to divulge their personal, bank or credit card details on the internet.
Paysafecards are sold in more than 20,000 stores in the U.K and over 230,000 locations in 16 countries across Europe, and processing paysafecard transactions on your website has low risk of returns.
Accepting paysafecard will also increase your sales, as you can target consumers that do not have credit or debit cards and it also provides the payment solution for declined card transactions and blocked customers. Paysafecards are available in £10, £25, £50 or £75 values, however each transaction is settled in the currency of the local merchant, such as the U.S. dollar. Furthermore, the cards can be used for micropayments and several cards can be combined to allow for larger online purchases up to £1,000.
Paysafecards do not expire and security against fraud is achieved by the 16-digit PIN code that is needed for each transaction and the cards can also be password protected by the user. Transactions are processed in real-time and merchants will receive, as with all of the Alternative Payments services, worldwide customer support and access to sales reporting and transaction data via their own admin pages.
How Paysafecard Works
Consumer enters their unique card number, 16-digit PIN and optional password to approve an online transaction.
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