Paysafe waives processing fees for US SMBs
Sep 13, 2021
To mark National Small Business Week, the payments provider launches an initiative that will see it waive $1 million of processing fees to support the U.S. SMB community’s return to growth
Houston, Texas – Paysafe (NYSE: PSFE), a leading specialized payments platform, today announced the launch of a campaign in the U.S. that will see it waive $1 million of collective processing fees for small and medium businesses (SMBs) that sign up with Paysafe as new customers*. The initiative by Paysafe, a long-standing provider of payment processing services for U.S. SMB retailers, recognizes the tough climate many smaller retailers have been navigating due to the COVID-19 pandemic and underscores its commitment to supporting their future growth.
Emphasizing Paysafe’s focus on the long-term success of SMB retailers, the campaign’s launch has been timed to coincide with National Small Business Week, which takes place this year from September 13th to 15th. Held annually by the U.S. Small Business Administration, the 2021 edition will recognize small businesses that are navigating the COVID-19 pandemic while also supporting their respective employees and communities.
The new promotion also represents Paysafe’s latest effort to leverage its payments expertise to help SMBs address an array of increasingly predominant challenges. Several of these are reflected in a recent survey on the state of small businesses in the U.S., which stresses the need for innovative payments solutions for SMBs. In identifying the most prevalent hurdles to their banking experience during the pandemic, 47% of SMB owners cited high fees as their chief pain point, while 40% highlighted a lack of customization for SMB needs.
Afshin Yazdian, CEO of U.S. Acquiring at Paysafe, said: “This campaign highlights Paysafe’s ongoing and growing commitment to designing creative and strategic solutions that support the long-term growth of SMBs in the U.S. We’re very excited to offer an initiative that will positively impact hundreds of businesses facing uncertain times and evolving consumer preferences and habits.”
*Paysafe’s B2SMB promotion, which runs from September 13th to October 31st, 2021, is open to any SMB in the continental U.S. that processes over $10,000 per month and has not been a customer of Paysafe or any of its affiliate since January 1st, 2021. For more information, please contact 1-866-454-1838 or visit the promotional webpage.
About Paysafe Limited
Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading specialized payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With over 20 years of online payment experience, an annualized transactional volume of US $100 billion in 2020, and approximately 3,400 employees located in 12+ global locations, Paysafe connects businesses and consumers across 70 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Further information is available at www.paysafe.com.
For further information about Paysafe, please contact:
Justin Way: Senior Corporate Communications Specialist, Paysafe Group
T: +1-514 452-5047 / E: Justin.Way@Paysafe.com