Paysafe elevates digital offering with new virtual growth

Digital Payments
Digital Payments

Paysafe has enhanced its offering with the launch of the virtual version of the Skrill USA digital wallet. 

The firm’s latest product innovation seeks to offer the region a fully digital payments solution, which can allow users to leverage their Skrill balance online. 

Skill user’s can view all card details instantly displayed within their account via the new offering, with no need to wait for the solution to be physically delivered. 

Furthermore, in contrast to a physical card, which can be mislaid or lost requiring replacement delays, the Skrill Virtual Visa Prepaid Card remains constantly accessible until customers choose to lock or deactivate it, which can be done within seconds.

Paul Jardon, CEO and CFO of Skrill USA, said: “We’re strongly focused on evolving our product for U.S. consumers. The Skrill Virtual Visa Prepaid Card gives our customers all the benefits and access to eCommerce of a physical Visa card with all the speed and convenience of a solution that is 100% digital.” 

While a customer incurs no transaction fees when shopping online using the Skrill Virtual Visa Prepaid Card, they do earn points for each payment under the Skrill Knect loyalty program. Each dollar spent online using the virtual card earns a Skrill user one Knect point. Points are redeemable for cash above the 5,000 Knect-point threshold as well as other rewards.