September 8: Skrill, a Paysafe company, has launched a new brand for its instant banking solution: Rapid Transfer. Rapid Transfer allows consumers to upload funds to their digital wallet and make online payments instantly from their bank account without leaving a merchant’s website.
Available in the UK, Germany, Austria, Italy, France, Hungary and Spain with more than 100 banks, Rapid Transfer provides consumers with a payment option that has the convenience of traditional online banking and opens up a faster transaction method for online merchants.
Optimised for mobile, desktop and other devices, Rapid Transfer negates the need for multiple log-ins, offering consumers a seamless, quick and secure experience. Once Skrill has verified that the requested funds are available, the payment is confirmed to the merchant in real-time.
For merchants, the benefits include receiving payments instantly using Skrill’s banking network; higher sales conversion rates thanks to no customer registration required and a safe and secure payment method with easy integration mechanisms.
CEO Digital Wallets at Paysafe Lorenzo Pellegrino said: “Rapid Transfer is a fast, safe and convenient instant banking solution for consumers to move funds, and it provides merchants with an improved payment option with competitive conversion rates. It’s another way for merchants to offer consumers fast and effective payment choices.”
Pellegrino adds: “Instant payments are key in today’s digital world. Once the new Payment Services Directive is introduced in 2018, we’ll see more payment methods relying on access to bank accounts. Rapid Transfer, our instant banking solution, offers an immediate way for customers and merchants to solve this issue today.”
Paysafe provides digital payments and transaction-related solutions to businesses and consumers around the world. Paysafe is redefining payments by enabling fast, convenient and secure ways to pay before, pay now and pay later through its digital wallets, prepaid solution, payment processing and card issuing, and acquiring products and services. We believe that every point of every payment should be relevant, simple and secure. With two decades of experience, Paysafe is trusted by merchants, and by consumers in more than 200 countries and territories, to move and manage money through more than 100 payment types and 40 currencies. Paysafe offers multi-platform products with an emphasis on emerging payment technologies including mobile. Paysafe’s brand portfolio includes NETELLER® and Skrill®, MeritCard, paysafecard®, payolution®, Income Access and FANS Entertainment. Paysafe Group plc shares trade on the London Stock Exchange under the symbol (PAYS.L). For more information, visit: www.paysafe.com
Gavin Haycock, SVP Corporate Communications, Paysafe Group plc
Tel: +44 (0) 20 3826 9767
Anna Howard, Head of Corporate Communications, Paysafe Group plc
Tel: +44 (0) 20 3826 9822