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Paysafe Pros and Cons: Top 5 Advantages and Disadvantages

Quick AI Summary Based on G2 Reviews

Generated from real user reviews

Users appreciate the ease of use of Paysafe, finding it straightforward and reliable for their business needs. (7 mentions)
Users appreciate the setup ease of Paysafe, enjoying its convenient implementation and minimal point of sale setup. (6 mentions)
Users commend Paysafe for its easy setup, highlighted by supportive team assistance and clear documentation. (5 mentions)
Users find Paysafe to be incredibly helpful for business operations, ensuring ease of use and compliance. (3 mentions)
Users appreciate the strong security of Paysafe, enhancing trust and confidence in credit card processing. (3 mentions)
Users are frustrated by delays in viewing payment amounts and find the contracting process slow and cumbersome. (2 mentions)
Users report experiencing high fees with Paysafe, often discovering hidden charges that complicate their billing process. (2 mentions)
Users often face slow payments, leading to delays in viewing transaction amounts and complicated processes. (2 mentions)
Users find the complex implementation of Paysafe cumbersome, suggesting that consolidation of payment methods would enhance usability. (1 mentions)
Users complain about the excessive fees associated with Paysafe, making transactions less appealing. (1 mentions)

5 Pros or Advantages of Paysafe

5 Cons or Disadvantages of Paysafe

Paysafe Reviews (48)

Reviews

Paysafe Reviews (48)

4.2
48 reviews
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Joel L.
JL
Joel L.
Owner
Small-Business (50 or fewer emp.)
"It was awful!!!"
0/5
What do you like best about Paysafe?

Easy to set up but not worth it in the long run, crap company Review collected by and hosted on G2.com.

What do you dislike about Paysafe?

Paysafe’s billing descriptions on my statements are vague (on purpose?). When I have an issue, I can’t get through to anyone who actually knows what’s going on. I’m only able to reach people who seem to be reading from a script and can’t explain anything beyond that.

I was double-charged, and when I called, the first thing I was asked was whether I could “prove it.” They literally said “prove it,” as if I was trying to rip them off somehow. On top of that, charges show up that don’t seem legitimate, often for random amounts. Last month I was paid $700 total in credit cards, and you charged me $95.

At this point, I’m planning to start a campaign questioning your legitimacy as a real company. I’m genuinely not sure whether you’re a legitimate business or whether you’re taking credit card numbers for nefarious purposes and stealing from people as a side hustle. Review collected by and hosted on G2.com.

Response from Claire Rudall of Paysafe

Thank you for sharing your feedback. We're sorry to hear about your experience and understand your frustration.

We take concerns around billing transparency, charges and customer support seriously, so it's disappointing to hear we did not meet your expectations. We appreciate you bringing these concerns to our attention and a member of our team will be in touch to better understand the issues you've raised and review them further.

Thank you again for your feedback.

Sławomir P.
SP
Sławomir P.
Operations Manager
Small-Business (50 or fewer emp.)
"Simple Dashboard, Fast Refunds, and Flexible Payment Methods in One Place"
5/5
What do you like best about Paysafe?

What I like most is that I stopped having to chase people for answers. I'm not from finance and I'm still fairly new to this, but the dashboard is simple enough that I can find a single payment by the customer's email or transaction ID and see right away whether it went through, failed or is waiting. Before I would message someone and wait until the next day. Now it takes me maybe a minute.

The second thing is the number of payment methods we can offer in one place – cards, wallets, and local options for markets where people don't really pay by card. We didn't have to plug in a separate provider for every country, which was my main worry at the start.

One thing I didn't expect: refunds are just a couple of clicks, so I can handle a customer complaint myself instead of passing it to another team. That alone saves me a lot of back and forth every week. Review collected by and hosted on G2.com.

What do you dislike about Paysafe?

The reporting is the part I struggle with most. Pulling a report for a specific date range and payment method takes me more clicks than it should, and I still export to Excel to get the view I actually want. For someone who isn't from finance, the naming of some of the report fields isn't obvious – I had to ask a colleague what a couple of them meant and there was no tooltip to help me.

Pricing is the other thing. The fees depend on the card type and the country, so it's hard for me to tell upfront what a specific transaction will cost. I usually only find out when the statement comes. I'd love a simple calculator in the dashboard. Review collected by and hosted on G2.com.

Response from Claire Rudall of Paysafe

Thank you for sharing your review, we appreciate your feedback.

Dominik M.
DM
Dominik M.
Small-Business (50 or fewer emp.)
"Secure and Convenient for Game Transactions"
4/5
What do you like best about Paysafe?

I like that Paysafe is a convenient and affordable way to purchase game currency without needing a credit card. It's a safe option because I don't have to insert my bank details online, which I really appreciate. I also like that I can purchase Paysafe at my local gas station and just insert the code into the game. The safety, convenience, and broad support of Paysafe are great features that make it valuable to me. The initial setup was easy too; I just purchased it and inserted it into the game. Review collected by and hosted on G2.com.

What do you dislike about Paysafe?

It would be great to get bonuses after using Paysafe for a while. Review collected by and hosted on G2.com.

Response from Claire Rudall of Paysafe

Thank you for sharing your experience with Paysafe, Dominik, we appreciate your feedback.

Verified User
G
Verified User
Mid-Market (51-1000 emp.)
"Intuitive Platform with Easy Setup, Minor Fee Annoyances"
4.5/5
What do you like best about Paysafe?

I have been using Paysafe for several months, and my experience has been excellent. I find the platform intuitive, user-friendly, and easy to navigate, making online payment management hassle-free. I really appreciate how PaysafeCard allows me to buy online without revealing sensitive credit card numbers or bank details, providing a nice level of security and privacy. It's great for consumers like me who prefer using cash without exposing credit card details online. I think the initial setup was very easy, and the integration into my business’s operational stack to manage checkouts, ledger accounting, and customer management is seamless. The ability to convert physical cash into a digital token at retail partners worldwide is a simple yet powerful feature I really like. Review collected by and hosted on G2.com.

What do you dislike about Paysafe?

Consumer wallets like Skrill and Neteller charge recurring maintenance or inactivity fees if an account remains idle for a set period. This feels like "hidden penalty fees," which isn't great for encouraging user retention. Review collected by and hosted on G2.com.

Response from Claire Rudall of Paysafe

Thank you for taking the time to share your review, we appreciate your feedback.

Verified User in Computer & Network Security
AC
Verified User in Computer & Network Security
Small-Business (50 or fewer emp.)
"User-Friendly with Outstanding Support, Needs Faster Settlements"
4.5/5
What do you like best about Paysafe?

I find Paysafe's setup easy and user-friendly, which is important to me as I use it for credit card bills and digital wallets. The 24/7 customer support is a big plus, providing assistance whenever I need it. I value the multi-channel payment acceptance and fraud & risk management features that ensure secure and versatile transactions. Review collected by and hosted on G2.com.

What do you dislike about Paysafe?

I’ve had some concerns with Paysafe’s settlement speed and fee transparency. I’ve also seen reports from other merchants about delays in receiving funds, with payouts taking longer than expected, which can be frustrating. While the initial setup is generally straightforward, it still requires documentation and technical integration, and that part could be smoother. Review collected by and hosted on G2.com.

Response from Claire Rudall of Paysafe

Thank you for taking the time to leave a review, we appreciate your feedback.

Verified User in Accounting
AA
Verified User in Accounting
Small-Business (50 or fewer emp.)
"Paysafe Makes Payment Management Simple and Smooth"
5/5
What do you like best about Paysafe?

What I like most about Paysafe is how straightforward it makes managing payments. The platform is easy to navigate, transactions are generally processed smoothly, and it offers a convenient way to handle payments without unnecessary complications. I also appreciate having multiple payment options available, which makes it flexible for different needs. Review collected by and hosted on G2.com.

What do you dislike about Paysafe?

The main area I think Paysafe could improve is its user interface. While the platform works well overall, certain features could be more intuitive, and navigating between different sections can sometimes take more steps than necessary. I’d also appreciate clearer explanations of transaction fees and faster responses when resolving payment-related issues. Review collected by and hosted on G2.com.

Response from Claire Rudall of Paysafe

Thank you for sharing your review, we appreciate your feedback.

Verified User
G
Verified User
Small-Business (50 or fewer emp.)
"Trustworthy Payments, Needs Better Security"
5/5
What do you like best about Paysafe?

I like using Paysafe for transforming cash into digital currency quickly with the receipt and code system. It's integrated into platforms like Steam, which I use often for making payments, and I find it the best and fastest way to handle these transactions. The convenience of walking into a store and getting a Paysafe receipt makes converting physical money to digital so easy and eliminates the need to visit banks. Additionally, the whole setup was very easy to start with. Review collected by and hosted on G2.com.

What do you dislike about Paysafe?

The only thing that Paysafe should look out for is the account safety. Once, someone broke through my account and I had to do all the recovering thing. I'd recommend implementing a two-factor that goes with the authenticator app. It should be the safest. Review collected by and hosted on G2.com.

Response from Claire Rudall of Paysafe

Thank you for taking the time to leave a review, we appreciate your feedback.

Verified User
G
Verified User
Mid-Market (51-1000 emp.)
"Dependable Payment Solution with Stellar Support"
5/5
What do you like best about Paysafe?

I really appreciate Paysafe's extraordinary support service. Their back-office systems like Paysafecard, Neteller, and Skrill are easy to understand and work with, which makes things a lot smoother for us. What I love most is Paysafe's availability and commitment to their partners. Additionally, the unified Paysafe infrastructure provides a flexible ecosystem and centralized back-office reporting and fraud prevention, which is a big plus for us. Also, the initial setup was pretty easy, especially since we work with an in-house built system. Overall, I'd rate them 10 out of 10 for recommendation. Review collected by and hosted on G2.com.

What do you dislike about Paysafe?

The platform works well, but reducing the cross-wallet fees would greatly improve the experience. Review collected by and hosted on G2.com.

Response from Claire Rudall of Paysafe

Thank you for sharing your experience with Paysafe, we appreciate your feedback!

Verified User in Internet
UI
Verified User in Internet
Small-Business (50 or fewer emp.)
"Confusing and High Fees and Commissions, Yet with Solid Security"
2.5/5
What do you like best about Paysafe?

What I like most about Paysafe is its solid security and the wide variety of payment options it offers, which facilitates fast, reliable, and extremely simple international transactions for all types of users. Review collected by and hosted on G2.com.

What do you dislike about Paysafe?

What I like least are the fees and commissions associated with certain transactions, which sometimes turn out to be confusing or a bit high compared to other market alternatives. Review collected by and hosted on G2.com.

Response from Claire Rudall of Paysafe

Thank you for sharing your feedback, we appreciate your comments.

Srinath V.
SV
Srinath V.
Associate Technical Lead
Mid-Market (51-1000 emp.)
"Solid Payment Gateway with Room for Customization"
4/5
What do you like best about Paysafe?

I appreciate that Paysafe meets our requirements and facilitates a new payment gateway. The reporting is good, and the manual card update process, where I generate a file and upload it, has been really helpful for our auto-renewal process. The initial integration feels good, as I was able to complete it very soon, and it supported our customized approach according to our business requirements. Mira, Dilek, Gianni have been extremely helpful in guiding us to complete the integrations. Review collected by and hosted on G2.com.

What do you dislike about Paysafe?

There could be a lot of customization which can be handed over to customers where they can build their own brand-specific payment pages with more control in their hand. Review collected by and hosted on G2.com.

Response from Claire Rudall of Paysafe

Thank you for taking the time to share your experience with Paysafe, Srinath. We appreciate your feedback.