Paysafe Share Discussion Threads

[zcaprd7] 24/8/2016 11:32

Looks like a 52 week high to me?

[melf] 24/8/2016 10:02

Thanks EH9. Text below:


Global-e appoints Paysafe as merchant acquirer


Cross-border eCommerce specialist to enhance end-to-end payments module, enabling international expansion for e-tailers

LONDON, August 24, 2016 – Global-e, a cross-border eCommerce specialist in Europe, has appointed Paysafe (PAYS.L), a leading global provider of payment solutions, as its merchant acquirer. Global-e, which has been using Paysafe’s processing gateway to deliver a frictionless payments experience to clients, will now benefit from a full suite of processing and settlement currencies through a single global operator.

Global-e enables retailers to transact locally with customers in more than 200 destinations worldwide through a fully localised and seamless, international user experience. The company provides a unique technology-based, end-to-end solution for online merchants to handle all their cross-border sales.

Global-e’s solution supports 60+ currencies, 45+ different payment methods, localised multi-lingual checkout, multiple shipping options and local duty and tax calculation. It works with a growing number of leading retailers, including Crabtree & Evelyn, Illamasqua and Astley Clarke.

The company secured a $20m investment earlier this year to support significant growth in the UK and Europe and consequently the business is expanding rapidly, with new brands such as Griffin Technology, Golf Support and many others being added on a weekly basis.

Paysafe announced the launch of its UK acquiring capabilities in November 2014, and subsequently in Europe in May 2016. As a principal member of MasterCard® Europe and Visa® Europe, Paysafe directly acquires merchant accounts and processes transactions. Paysafe offers full-service, multi-territory European payment processing solutions to merchants based in all EEA countries, as well as UK merchant customers with an international presence in the EEA.

Commenting on the new partnership, Andrea Dunlop, CEO of Card Solutions and Acquiring at Paysafe, said: “We are delighted to add our merchant acquiring capabilities to the payment services we provide for Global-e – the company’s rapidly-expanding client list includes some of Europe’s best-loved retail brands. Paysafe places tremendous value on building long-term collaborations with partners such as Global-e, to offer enhanced solutions and client support to meet their evolving payment needs.”

Nir Debbi, co-founder and CMO, at Global-e, commented: “Our clients are established brands and therefore their customers have exceptionally high expectations of any interaction, particularly when it comes to the payment process. The customer’s journey needs to be consistent regardless of device, location, currency or payment method. Having already benefited from Paysafe’s frictionless payment processing solution, we are now able to add its acquiring services, which provide us with a single point of contact to settle and process payments internationally. This allows us to streamline our operations and concentrate on maximising the customer experience on our platform.”

[mip55] 24/8/2016 09:57

Good find EH9..... Wonder why they didn't RNS this?

[eh9] 24/8/2016 09:25

Https://www.paysafe.com/latest-news-announcements-and-press-releases/

[callmebwana] 24/8/2016 09:11

Well, PAYS have clear blue skys now ,it has broken above the £4.30 resistance.
RSI is @69.17, so not over bought yet.
The ones that took profit at 4.20s are sorry, I am sure. WELL done PAYS.
ATB.

[silverfern] 24/8/2016 09:08

Another very useful post EH9. As someone with a lot of money invested here I appreciate your informed and (mainly!) balanced posts

[eh9] 24/8/2016 07:29

Promoted to the euro stoxx600!!Https://www.stoxx.com/press-releases-details?articleId=466937624

[mip55] 24/8/2016 06:38

From pokernewsdaily.comIn some of the least surprising news ever, it appears that online poker legislation will not be going anywhere in California this year. There actually had been some solid headway made in the last several months, but as usual, different stakeholder groups could not come together on a final compromise, so Assemblyman Adam Gray's AB 2863 has been shelved.

[mip55] 23/8/2016 12:20

Let's all hope that DraftKings are able to convert their temporary licence to a permanent one after the NY Attorney General's court case against them and FanDuel comes up next month.

[eh9] 23/8/2016 08:30

IMO dfs revenue from New York could be worth more than the 300m California eventually worth given paysafe stayed in with draft kings etc

[eh9] 23/8/2016 08:22

California is not over until 31st aug but Pennsylvania and fantasy sports likely to compensate even if it takes another 6 months for California

[lomax99] 23/8/2016 08:19

So no CA then? Clearly nothing factored into the share price Like watching paint dry, anytime between now and 2020 then(?).......

[eh9] 23/8/2016 06:28

NYSGamingCommission (@NYSGamingComm)22/08/2016, 20:21NYS Gaming Commission announces DraftKings, FanDuel, Yahoo, Fantasy Draft and Draft may operate in New York State: gaming.ny.gov/pdf/08.22.16.I...Download the Twitter app

[chris214] 22/8/2016 18:03

Hey mip55....no thats absolutely fine. There's a couple of resources in your post I wasn't aware of.

Thanks once again - Chris

[eh9] 22/8/2016 15:34

Neteller left California immediately in 2006 whereas pokerstars continued to 2011!"It should also be noted that both Party and 888 offered more than just poker to US customers before they left the market. Each company had a full array of gambling options available to US customers, while PokerStars stuck strictly to poker. All of these companies have generated many billions of dollars in revenue over the years, much of which can be attributed to early advantages they gained while they were still US-facing.Fried's article suggests that because PokerStars was able to gain a dominant market share between 2006 and 2011, its position in California would be unfairly advantageous. As he stated, "The brand, software and a usable customer list derived from PokerStars post UIEGA activity provide it with a huge competitive advantage." It's hard to argue against this point."

[mip55] 22/8/2016 15:31

Polythene - from what I understand the U.S. Justice Dept took a more liberal view of the UIGEA law from 2011 and, while Neteller effectively left the States (along with a number of other major companies) after the arrests and subsequent fines, a line was drawn under their activities.This is from a recent article in uspokersites.com Given all that went on with Neteller's executives in 2007, it's a major sign of confidence that the company now feels confident to begin accepting U.S. payments and withdrawals again. This is good news for US gamblers, because finding an efficient and trustworthy payment processor is one of the traditional obstacles to good, safe online gambling.I would assume therefore that there is little, if any , risk of PAYS being saddled with Bad Actor status if AB2863 gets as far as the Assembly floor today.

[polythene] 22/8/2016 11:35

EH9. So do you mean 'actors' that continued to provide services throughout the ban?

[eh9] 22/8/2016 11:34

Neteller ceased business in California immediately so is fine. Besides we now have skrill which is another entity.

[salpara111] 22/8/2016 08:50

Interested to see if we can break past the 430 resistance today.

[chris214] 21/8/2016 19:01

mip55 and callmebwana, thanks very much for the info.
Learn so much from these forums from helpful folks like you.
I'm definately interested in PAYS..seems to have a bright future ahead.
Just waiting for the right time to jump in. It seems about to hit previous resistance very soon, so it will be interesting to se what happens then.
Thanks again you guys.
Cheers - Chris