Prepaid Services Company Ltd

What Prepaid Services Company Ltd does

Prepaid Services Company Limited is a UK-authorized electronic money institution (FCA FRN: 900021) and operating subsidiary of Paysafe Holdings UK Limited, focused on the PaysafeCard product line. The company issues 16-digit prepaid PIN codes that consumers purchase at more than 650,000 physical retail outlets across 50+ countries and redeem online, enabling cash-based transactions without bank accounts, credit cards, or personal data disclosure. It also issues the PaysafeCard Mastercard (under license from Mastercard International) and operates within a broader Paysafe group product portfolio that includes PaysafeCash, Skrill, Neteller, PagoEfectivo, Pay by Bank, and Pay with Crypto.

The business operates a two-sided distribution model: enterprise merchants integrate PaysafeCard as a payment method via API/SDK or self-serve onboarding, while a global network of retail distribution partners sells physical prepaid codes to end consumers. Monetization is transaction-based, with merchants paying per-transaction fees on prepaid code redemptions and distribution partners earning commission on codes sold at retail. Customer concentration is heaviest in video gaming, iGaming, and digital content, with named enterprise merchants including Blizzard, Google Play, RIOT Games, Steam, Xbox, Jackpocket, Pinnacle, and Betsson. US and Canadian payment processing is routed through ISO/MSP registrations with eight US acquirer banks and Fiserv Canada, providing redundant processing rails.

The company is regulated under the UK Electronic Money Regulations 2011 and affiliated with the Central Bank of Ireland via Paysafe Prepaid Services Limited, with PCI DSS, ISO 27001, SOC 2 Type 2, and GDPR compliance postures disclosed. It is part of the larger Paysafe group of entities (including Paysafe Financial Services Limited, Skrill Limited, and Paysafe Payment Solutions Limited) that together offer an integrated alternative-payments stack spanning cash, prepaid, digital wallet, card processing, open-banking, and cryptocurrency acceptance.

Name

Prepaid Services Company Ltd

Legal name

Prepaid Services Company Limited

Website

https://prepaidservicescompany.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Prepaid Services Company Limited is a UK-regulated Paysafe Group subsidiary that issues PaysafeCard 16-digit prepaid PINs and PaysafeCard Mastercard products, enabling cash-based online payments across 650,000+ retail outlets in 50+ countries for merchants in gaming, iGaming, and digital content.

Ownership category

akta.pro rank

Product category

Payment Processing Services

NAICS

Credit Card Issuing (522210), Credit Card Issuing (52221)

SIC

Finance Services (6199)

akta.pro primary industry

Prepaid Reload Networks & Distribution (Retail Top-Up) (FSAMANAO)

akta.pro secondary industries

Prepaid, Gift Cards & Voucher-Based Payments (MPAEALAE), Prepaid Card Program Managers & Issuers (BIN Sponsors) (FSAMANAK)

Keywords

• Prepaid payment solutions
• Electronic money issuance
• Cash-to-online payments
• Alternative payment methods
• Payment processing services

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Transaction Processing Fees: PaysafeCard generates revenue through transaction fees charged on each prepaid code redemption. Merchants pay a percentage or fixed fee per transaction when customers pay using PaysafeCard prepaid vouchers.
2. Distribution Partner Revenue Share: Revenue is shared with distribution partners (retail outlets) who sell PaysafeCard prepaid codes. Partners earn commission on each code sold at their physical locations.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Prepaid Services Company Limited issues electronic money in the form of PaysafeCard prepaid codes, which consumers purchase at 650,000+ physical retail outlets and redeem online using a 16-digit PIN. The company is authorised by the UK Financial Conduct Authority (FRN: 900021) under the Electronic Money Regulations 2011 to issue electronic money and payment instruments, enabling cash-based online transactions across 50+ countries and 30+ currencies.

Product overview

Paysafe operates as a comprehensive payment solutions platform comprising multiple interconnected products and services. The core offerings include PaysafeCard (prepaid 16-digit code system for cash-based online payments), PaysafeCash (barcode/voucher-based cash payments), and the digital wallet suite comprising Skrill, Neteller, and PaysafeWallet. Supporting services include Card Processing, Pay by Bank, and Pay with Crypto for diverse payment acceptance. Regional cash payment solutions include PagoEfectivo for Latin America. The company also provides affiliate management through Income Access. All products are unified under the Paysafe ecosystem with shared regulatory oversight (FCA authorized) and integrated developer platforms for merchant integration.

Differentiator

Problem solved

Functional benefit

Brands

• PaysafeCard: Prepaid payment solution allowing users to pay online using prepaid codes
• my PaysafeCard
• PaysafeCard Mastercard
• PaysafeCash

Products and services

• PaysafeCard PaysafeCard is a prepaid online payment solution that allows consumers to make cash-based online purchases using 16-digit prepaid codes purchased at local retail outlets, enabling transactions without requiring a bank account or credit card. It serves merchants in gaming, streaming, retail, and digital services.
• my PaysafeCard my PaysafeCard is an online account management service for PaysafeCard prepaid code users, allowing them to track balances and manage their prepaid codes.
• PaysafeCard Mastercard PaysafeCard Mastercard is a prepaid Mastercard issued by Prepaid Services Company Limited (UK) and Paysafe Prepaid Services Limited (EEA) pursuant to licences from Mastercard International, providing physical and virtual prepaid card functionality within the PaysafeCard ecosystem.

Quantifiable outcome

• 650,000+ worldwide sales outlets accessible to customers
• +2 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered core and supporting.

• PaysafeCard Mastercard (Mastercard International)coreOEM/ Whitelabel/ Licensing PartnerPaysafeCard Mastercard Cards are issued in the EEA by Paysafe Prepaid Services Limited as an affiliate member of Prepaid Services Company Limited and in the UK by Prepaid Services Company Limited, pursuant to licences from Mastercard International. This partnership enables physical and virtual prepaid card functionality tied to the PaysafeCard ecosystem.
• Deutsche Bank AG, New York, NY (US Acquirer)supportingOthersPaysafe Payment Processing Solutions LLC operates as a registered ISO (Independent Sales Organization) of Deutsche Bank AG, New York, NY for payment processing services in the US market.
• Citizens Bank, N.A. (US Acquirer)supportingOthersPaysafe Payment Processing Solutions LLC operates as registered ISO of Citizens Bank, N.A., Providence, RI for US payment processing.
• PNC Bank, N.A. (US Acquirer)supportingOthersPaysafe Payment Processing Solutions LLC operates as registered ISO of PNC Bank, N.A., Pittsburgh, PA for US payment processing.
• Key Bank, N.A. (US Acquirer)supportingOthersPaysafe Payment Processing Solutions LLC operates as registered ISO of Key Bank, N.A., Cleveland, OH for US payment processing.
• Woodforest National Bank (US Acquirer)supportingOthersPaysafe Payment Processing Solutions LLC operates as registered ISO of Woodforest National Bank, Houston, TX for US payment processing.
• BMO Harris Bank, N.A. (US Acquirer)supportingOthersPaysafe Payment Processing Solutions LLC operates as registered ISO of BMO Harris Bank, N.A., Chicago, IL for US payment processing.
• Merrick Bank (US Acquirer)supportingOthersPaysafe Payment Processing Solutions LLC operates as registered ISO of Merrick Bank, South Jordan, UT for US payment processing.
• Fifth Third Bank, N.A. (US Acquirer)supportingOthersPaysafe Merchant Services Corp operates as Independent Sales Organization (ISO)/MSP of Fifth Third Bank, N.A., Cincinnati, OH for US merchant services.
• Fiserv Canada Ltd (Canadian Acquirer)supportingOthersPaysafe Merchant Services Inc operates as Independent Sales Organization (ISO) of Fiserv Canada Ltd for Canadian merchant services.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• PagoEfectivo: PagoEfectivo is a LATAM cash-based online payment solution owned by the same Paysafe parent group, offering direct overlap with PaysafeCard's cash voucher model but focused on Latin American markets.
• Neosurf: Neosurf is a prepaid voucher solution enabling cash-based online payments via 16-digit codes purchased at retail outlets, directly competing with PaysafeCard across gaming, e-commerce, and digital services.
• Skrill: Skrill is a sister Paysafe entity operating as a digital wallet for online payments, money transfers, and crypto — overlapping with PaysafeCard's merchant integrations and end-user base across gaming and e-commerce.
• AstroPay: AstroPay provides prepaid cards, vouchers, and digital payment solutions for online merchants, with particular strength in emerging markets and LATAM — overlapping significantly with PaysafeCard's prepaid voucher offering.
• Flexepin: Flexepin is a prepaid cash-to-online payment voucher sold at retail outlets, offering a near-identical cash voucher redemption model to PaysafeCard in gaming and digital content verticals.
• ecoPayz: ecoPayz is a digital prepaid account and e-wallet service used for online payments across gaming and merchant verticals, comparable to PaysafeCard's prepaid and digital wallet suite under Paysafe.

Broad incumbents

• Trustly: Trustly is a European pay-by-bank provider offering account-to-account online payments that compete with PaysafeCard's merchant integrations, particularly in iGaming and e-commerce verticals.
• PayPal: PayPal is the dominant digital wallet and online payment incumbent, competing broadly with PaysafeCard across checkout, gaming, and e-commerce, though without the cash-prepaid retail distribution model.

Emerging players

• MuchBetter: MuchBetter is a mobile-first e-wallet and prepaid payment solution focused on iGaming and online merchants, targeting overlapping customer segments with PaysafeCard in gaming and digital content.

Regional players

• Boleto Bancário: Boleto Bancário is a Brazil-dominant cash-based payment method allowing consumers to pay online purchases via printed vouchers at retail banks and lottery outlets, functionally analogous to PaysafeCard's cash voucher model in Brazil.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/Paysafe
• YouTubeyoutube.com/@PaysafeGroup
• Facebookfacebook.com/paysafe
• LinkedInlinkedin.com/company/prepaid-services-company-ltd
• Instagraminstagram.com/paysafe

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Prepaid Services Company Ltd