Paysafe, a global payments platform, has announced a strategic partnership with Alchemy Pay, a provider of fiat-crypto payment solutions. In the initial phase of this collaboration, Alchemy Pay has integrated with Paysafe to enhance its offering for crypto exchanges, Web3 companies, and other crypto-related businesses by providing a broad range of payment methods, including Paysafe’s Skrill and NETELLER digital wallets.
Through this integration, Alchemy Pay has incorporated Skrill, NETELLER, and various third-party local payment methods (LPMs) into its Fiat On-ramp solution. This allows users of Skrill or NETELLER across 130 countries to use over 40 fiat currencies to purchase cryptocurrencies such as Bitcoin and Ethereum through Alchemy Pay’s platform.
In addition to digital wallets, Alchemy Pay is utilizing Paysafe’s open banking solution in the UK and 15 European countries, enabling customers to purchase crypto directly from their bank accounts. The Fiat On-ramp product will further expand its options by adding LPMs with strong market recognition in Europe. The integration of Skrill and NETELLER, with their extensive user base, enhances Alchemy Pay’s payment solution by offering more choices and reducing transaction abandonment and payment friction.
The second phase of this partnership, expected to launch later this year, will see Alchemy Pay integrating more Paysafe payment options in other markets, including Latin America.
“We’re delighted to partner with Alchemy Pay, which like Paysafe has a global footprint,” said Micah Kershner, SVP of Crypto & Digital Assets at Paysafe. “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.”
“At Alchemy Pay, we believe easy fiat-crypto onboarding is key to unlocking the true potential of crypto,” commented Robert McCracken, Ecosystem Lead at Alchemy Pay. “Partnering with Paysafe streamlines this process for our users and opens the door to a wider audience, particularly in European countries. Looking ahead, we’re excited to leverage Paysafe’s expertise to expand into other promising markets like Latin America, bringing the benefits of crypto to an even larger global community.”
