Paysafe: NETELLER launches fiat-to-crypto withdrawal service

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October 14, 2021

October 14, 2021 – Digital payments provider NETELLER announced a new feature for its digital wallet that allows users to withdraw funds directly to a cryptocurrency address of their choice.

Customers of NETELLER, which is part of the specialist payment platform Paysafe (NYSE: PSFE), can instantly convert and withdraw their fiat balance to an external cryptocurrency wallet by entering an address. The functionality is accessible when a customer goes to withdraw funds from his account and selects “Crypto Wallet”. The user then enters the balance amount and the wallet address of a Bitcoin or Ethereum wallet.

The withdrawal feature is already available in ten countries internationally, including the UK, Chile, Canada and Australia, with plans to roll it out in other countries and add more cryptocurrencies. for withdrawal in the future. The launch follows the availability of the fiat-to-crypto withdrawal service for Skrill, Paysafe’s other digital wallet, in February this year.

Using NETELLER’s cryptocurrency service, customers can instantly convert 40 fiat currencies, including Euro, US Dollars, and British Pounds, to interest in 38 different cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC) and, more recently, Solana (SOL).

“With so much interest in the digital asset space right now, we are delighted to announce this new feature for NETELLER’s cryptocurrency service, which is the latest in a series of new additions and improvements.” said Jordan Stoev, head of Crypto, Skrill and NETELLER, at Paysafe. “The new withdrawal functionality allows our NETELLER cryptocurrency users to save time and money in fees by allowing them to move their existing fiat balance to a crypto address of their choice.”

About NETELLER

Founded in 1999, NETELLER is a digital wallet that gives people the ability to send and spend money online from a single account. It allows customers to download funds from credit and debit cards, bank accounts and a variety of alternative payment methods and use those funds to send money to friends and family or spend online wherever they see NETELLER at checkout. Customers can also use a Net + prepaid card wherever Mastercard is accepted. For businesses, NETELLER connects them to millions of wallet holders around the world.

About Paysafe Limited

Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading specialty payment platform. Its main purpose is to enable businesses and consumers to connect and transact seamlessly with state-of-the-art payment processing, digital wallet and online payment solutions. With more than 20 years of experience in online payments, an annualized transaction volume of US $ 100 billion in 2020 and approximately 3,400 employees in more than 12 locations around the world, Paysafe connects businesses and consumers to through 70 types of payment in more than 40 currencies around the world. Delivered via an integrated platform, Paysafe solutions are geared towards mobile initiated transactions, real-time analytics and convergence between physical and online payments.

More information is available at www.paysafe.com.

Contact details

Anna Howard, Director of Communications, Europe and Asia, Paysafe
[email protected]
Phone: +442038908975


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