MI, a leading provider of payments enablement technology for independent sales organizations (ISOs), independent software vendors (ISVs), value-added resellers (VARs) and payment facilitators, and Paysafe, a leading global payments provider, today announced an expanded partnership which sees NMI leverage Paysafe’s global acquiring and processing reach and Paysafe deepen its integration and offering accessible through NMI’s payments enablement technology.
Together, the two organizations have developed a customizable payment processing solution that provides flexibility and a range of features and payment method acceptance to their merchants and partners based on their specific gateway and acquiring requirements.
Paysafe is the parent company of online payment systems Skrill and NETELLER. Paysafe was recently taken private in a $4 billion buyout led by Blackstone and CVC.
For more than a decade, NMI has worked with Paysafe to deliver its ISOs, ISVs and VARs value-added, innovative payment processing solutions. Through the new collaboration, partners using the NMI gateway can further enhance their platforms by enabling their merchants with a frictionless on-boarding experience and secure processing of credit card and direct debit (ACH) payments through Paysafe’s supported platforms in the United States, Canada, Europe and Australia.
A further benefit is that Paysafe is a principal member of Visa and Mastercard in Europe, meaning it can directly acquire and process Visa and Mastercard transactions across the continent. The Paysafe solution also allows for fast and easy account on-boarding for merchants. In addition, this collaboration will bring value to Paysafe customers by leveraging more than 150 NMI shopping cart integrations. And with NMI’s strong U.S. distribution and multi-tiered hierarchal portfolio management capabilities, Paysafe partners can more easily on-board and manage their merchant customers.
NMI CEO Roy Banks stated:
Our core focus is on delivering value to our partners and taking away the headache of having to develop their own technology, and our partnership with Paysafe is based on this guiding principle. Paysafe is a very flexible partner, focused on providing customizable solutions for its partners and is also gateway agnostic, unlike other processors in this industry. It’s strong, relevant partnerships like this that make sense for us and enable us to deliver innovative solutions to our partners.
“Our ethos is that one size does not fit all and we need to be flexible and allow our merchants and partners to easily plug into our platform in order to grow their business,” said Paysafe CEO of Payment Processing for North America Todd Linden. “This expanded partnership with NMI reinforces this approach and our commitment to developing an unrivalled payments platform for our customers – something we continue to focus on and invest in.”
For ISOs, ISVs and VARs wishing to use the technology provided through this partnership, NMI and Paysafe will work closely together to ensure seamless integration, operation and customer support.