paysafe24

Paysafe24 leverages blockchain technology to offer a secure, decentralized payment system that reduces fraud risks in online transactions. Funds are held in escrow until both the buyer and seller confirm the transaction, ensuring protection against fraud. This system eliminates intermediaries, lowering transaction fees compared to traditional Web2 platforms, which often charge high fees for international or high-risk transactions. Additionally, the use of blockchain ensures transparency and immutability, providing a reliable audit trail. Paysafe24's decentralized model reduces reliance on traditional banks, offering faster and more affordable transactions. By enabling mutual confirmation, it provides added security for buyers and sellers, making it an attractive solution for secure and cost-effective online payments.