The partnership enables Alchemy Pay to access Paysafe’s extensive suite of payment products for consumers to use their fiat funds to purchase crypto across 130 markets.
Paysafe, a global payments platform, announced a new partnership with Alchemy Pay, a fiat-crypto payment solution provider. 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.
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 directly 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, with Alchemy Pay integrating more Paysafe payment options in other markets, including Latin America.
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