09 2018 | NEWS
Payout has recently become even more interesting for Italian paysafecard users. Fees for the transfer of money from a my paysafecard account to a bank account have now been eliminated. This will give added impetus to the already very popular paysafecard service and brings several advantages for merchants.
The possibility to use a my paysafecard account not just for services and goods but also to have money from merchants paid out has been very popular in Italy for quite some time. "We can see that this service is being very well received in Italy and we want to encourage its further spread by the abolition of the payout fees", comments Aleksandra Jeda, Lead Key Account Manager of Gaming at paysafecard.
Closed payment circuit
Since June, all Italian paysafecard users have a my paysafecard account. Through the connection between Payout and my paysafecard, they now have an entirely seamless payment infrastructure available. "With Payout, we have closed the payment circuit, particularly in the games and gaming sector. It is now much easier for the users to access the money paid out to them in a rapid and smooth way. With their my paysafecard account, they can use it immediately online again or have it cashed out at ATMs or transferred to their bank account," explains Aleksandra Jeda.
Credit in real time
This closed loop process is also attractive for merchants. Using Payout, they can very easily transfer money to their customers. For this purpose, customers only need to provide an email address. If the merchant releases the payment, it is credited in real time and the recipient can immediately use it in their my paysafecard account. The amount can thereby be directly used again for payment of the merchant without any loss of time.
Customers, who want to have cash access to their money can withdraw it from an ATM with a paysafecard Mastercard®. There are also some rules to be observed. If customers are using a my paysafecard standard account, the transaction limit per month and transaction is 250 Euros. If they have been through a full due diligence process and obtained an unlimited account, there is an annual limit of 15,000 Euros and a limit of 2,500 Euros per transaction.
Payout also offers many further advantages for customers and merchants. Here are the three main benefits at a glance:
- Payout ensures compliance with the money-laundering guidelines, since the accounts of the customers are verified.
- There are better possibilities for targeted marketing campaigns.
- The user experience is substantially improved. Deposits are made in real time.
Have you been convinced by these advantages of Payout? Then contact your account manager. They can arrange for the service to be immediately made available to you. In addition, there is the possibility of developing joint marketing campaigns around the Payout service for your customers. For this purpose, just contact our B2B marketing team: email@example.com
Payout is available in the following countries:
Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Rep., Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Luxemburg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom.