Paysafe and Alchemy Pay Team Up to Allow Customers Buy Crypto with Bank Accounts
Paysafe and Alchemy Pay have announced a partnership aimed at enhancing the ability for customers to purchase cryptocurrencies using bank accounts. This collaboration will integrate Paysafe's digital wallets, including Skrill and Neteller, into Alchemy Pay's services, allowing users to access a variety of payment options across 130 countries and over 40 fiat currencies.
Key Features of the Partnership
Integration of Payment Solutions: Alchemy Pay will incorporate Paysafe's offerings into its Fiat On-ramp product, which facilitates the purchase of cryptocurrencies like Bitcoin and Ethereum directly from bank accounts in the UK and 15 European countries.
Expanded Payment Options: The initial phase will enable users to utilize Paysafe's digital wallets and local payment methods, thereby reducing transaction abandonment and improving the overall payment experience for crypto exchanges and Web3 companies.
Future Expansion Plans: A second phase is planned for later this year, which will introduce additional Paysafe payment solutions in various regions, including Latin America, further streamlining fiat-crypto transactions.
Micah Kershner, Senior Vice President of Crypto & Digital Assets at Paysafe, expressed enthusiasm about the partnership, highlighting the extensive user base of Skrill and Neteller among cryptocurrency holders and the potential for improved payment experiences for Alchemy Pay's clients.