Customers can use the balance of their paysafecard account to make another payment online, withdraw the funds at an ATM via the paysafecard Mastercard card or to make a bank transfer to their bank account.

How It Works. Paysafe lets you securely send money to your customers, simply and quickly. Whether it's a payout, a claim, or to withdraw funds from an account, payments are made directly to their cards or accounts in real time, around the world.

It was started in 2024 informally as C2x, and expected to be published in 2024. The most recent publicly available working draft of C23 was released on April 1, 2024.