Paysafe partners with Alchemy Pay to expand its customers’ payment options. Source: Shutterstock.com

Paysafe has announced a new partnership with Alchemy Pay. In the deal’s first phase, Alchemy Pay has integrated with Paysafe to strengthen its solution for crypto exchanges, Web3 companies and other crypto business partners, by providing their customers with a broad range of payment methods, including Paysafe’s Skrill and NETELLER digital wallets.

Through a single integration with Paysafe, Alchemy Pay has added Skrill, NETELLER and multiple third-party local payment methods (LPMs) as payment methods for its Fiat On-ramp solution.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Users of Skrill or NETELLER across 130 countries can now easily use 40+ fiat currencies to purchase Bitcoin, Ethereum and other cryptocurrencies through Alchemy Pay’s Fiat On-ramp product.

In addition to offering Paysafe’s own digital wallets, Alchemy Pay is also using Paysafe’s open banking solution in the UK and 15 European countries to allow their partners’ customers to purchase crypto using payments direct from their bank accounts.

Alchemy Pay’s Fiat On-ramp product will offer even more options to purchase crypto with the addition of LPMs that have high brand recognition in specific markets, including across Europe. These LPMs combined with Skrill and NETELLER, whose total user-base totals millions globally, expands Alchemy Pay’s payment solution, giving its crypto partners and their customers more payment choices while reducing abandoned transactions and other payment friction.

Later this year, the second phase of the partnership is expected to be rolled-out

This will involve Alchemy Pay integrating more Paysafe payment options in other markets, including Latin America.

Micah Kershner, SVP of Crypto & Digital Assets at Paysafe, said: “We’re delighted to partner with Alchemy Pay, which like Paysafe has a global footprint. The Skrill and NETELLER wallets’ large user-base and popularity among crypto holders along with integration of local payment methods will power Alchemy Pay’s Fiat On-ramp with more payment options. We’re confident this partnership will enhance the payment experience for crypto exchanges and Web3 companies served by Alchemy Pay, driving their future growth.”