Only 22% of small internet retailers in the US accept direct bank transfers, according to a recent study. As a result, if the store is one of the other 78%, making an online purchase may still take an infuriatingly long time.
Paysafe Group has taken this data to heart and developed a sophisticated response. The business reached out to Skrill USA, and the two entities forged a collaboration. As a result, those who live in the United States and use the Skrill digital wallet now have access to the Rapid Transfer payment option. This allows for quick and simple payments regardless of whether or not a particular website supports direct bank transfers. This service has already launched in 18 European nations and has just recently entered the US market.
Paying is Quick and Simple
It takes little time and effort to use the Rapid Transfer feature. Since further forms of ID verification are unnecessary, a straightforward click-and-pay mechanism can be used instead. There will be no waiting period for the cash to flow, which means that payments that would have taken days or weeks to clear can now be processed instantly. Worldwide e-commerce and gambling sites are both compatible with the Rapid Transfer technology.
The building’s security and dependability are assured, of course. According to the same study, 30% of American online consumers worry about their personal information being compromised, a problem that both Paysafe and Skrill set out to solve. Both companies are completely trustworthy and place a premium on using unbreakable 64-bit encryption.
In 2016, Rapid Transfer became operational in Europe. Those countries along with Austria, France, Germany, the UK, Italy, and Spain were the first to offer it. When the service proved popular there, it was introduced to the neighboring countries of Belgium, the Netherlands, and the Baltics. Now that the two economies are connected thanks to the United States, consumers have more payment alternatives than ever before.
In 2001, Skrill made its public debut. The company has seen remarkable change throughout the years, and is now widely regarded as an innovator in the field of payment processing. The business’s breakthroughs in e-wallets and other forms of payment knowledge have become the norm in their fields, and the company itself is always pushing the boundaries of what is possible. This new effort is yet another reason why they are held in such high regard.
Online banking enthusiasts in the United States are likely to quickly embrace the new Rapid Transfer mechanism. Fans of online casinos are also in for a treat, as the days of waiting for their winnings to be deposited into their accounts are over.