PaysafeCard One-Click and Recurring
New flowPaysafeCard One-click and MIT Recurring are Paysafe's tokenised payment capabilities, now available through PPRO, enabling merchants to offer customers a faster repeat checkout or fully automated recurring billing. One-click allows a returning customer with a verified PaysafeCard Account to complete a one-time payment without re-authenticating at checkout. MIT Recurring allows a merchant to charge a customer automatically on an agreed schedule following a single consent, without requiring further action from the customer. Both capabilities are available only to customers with a verified PaysafeCard Account.
Why PaysafeCard One-Click and Recurring
By extending the same PaysafeCard connection merchants already use for one-off payments, merchants can offer a faster checkout with One-click or collect recurring revenue automatically with MIT Recurring, through a small addition to the existing integration rather than a new build.
Merchants running subscription or repeat-purchase businesses, gaming and digital entertainment among them, can pick the model that fits: One-click for returning customers who still confirm each purchase, MIT Recurring for full automatic billing with no customer action required.
For MIT Recurring, either the merchant or the consumer can end the mandate directly at any time, and a short grace period recovers a scheduled charge that initially fails for insufficient funds rather than declining it outright. PaysafeCard carries no chargeback risk at all, for either feature.
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How it works
PaysafeCard
Launched in 2000, paysafecard is a prepaid card designed to enable e-commerce payments, independent of bank account, credit card, or other personal details thereby ensuring consumers can remain anonymous. paysafecard is a very convenient payment option for consumers, operating a dense distribution network, with over 650,000 points of sale across more than 52 countries. With the search feature on the paysafecard site or the app, consumers can find the nearest sales outlet quickly and easily and then pay for e-commerce purchases by entering the 16-digit PIN at checkout.
Why PaysafeCard
Paysafe report that its consumers spend more than US$120 billion each year.
According to paysafecard, 35% of EU citizens do not have a credit card; every consumer who pays with paysafecard is an additional customer that merchants would not be able to reach through other non-cash payment methods.
Merchants can access new consumer markets and increase conversion rates with a risk-free, no chargeback, payment method that is used by more than 12 million consumers.