Paysafe partners with Alchemy Pay to enhance crypto payments

By Gloria Methri

Global payments platform Paysafe has 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 direct 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, expand Alchemy Pay’s payment solution, giving its crypto partners and their customers more payment choices while reducing abandoned transactions and other payment friction.

The second phase of the partnership is expected to be rolled out later this year, with Alchemy Pay integrating more Paysafe payment options in other markets, including Latin America.

“We are 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 the 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,” said 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.”