Paysafe is a company that is particularly well known in Poland amongst younger customers, who use its services to pay for digital services. The company is now launching PaysafeWallet on the Polish market – a mobile app featuring a UniCredit bank account, a Mastercard debit card and online bank transfers. Blik is also set to be introduced soon – the relevant icon is already available in the app but is currently inactive.
See also: Klarna has made eSIM cards available in its mobile app
The press release states that, thanks to PaysafeWallet, users can top up their account with cash, send money to friends in a matter of seconds, pay in shops or restaurants, shop online, send and receive bank transfers, and withdraw cash. There are two plans available: the free ‘Start’ plan and the ‘Plus’ plan, which costs PLN 150 a year. The details of the fees and commissions table look interesting.
For example, with the Start plan, Elixir and Express Elixir transfers cost PLN 1 – this is both an advantage and a disadvantage, as at most banks in Poland you have to pay more for express transfers, whilst standard transfers are free. However, Paysafe states that, by default, all transfers are processed via the Express Elixir system. Interestingly, card payments cost PLN 0.50 each time – something unthinkable in Poland. The debit card in the Start plan is available exclusively as a virtual one. Topping up with a PaysafeCard costs 5 per cent, whilst currency conversion – 2 per cent.
See also: Revolut Pay has reached an agreement with Glovo
On the Plus plan (as I mentioned, it costs 150 PLN per year), topping up via PaysafeCard costs 3.5 per cent; all bank transfers are free, as are card payments; the currency conversion fee is 1 per cent; and cash withdrawals from ATMs using a card cost 2 per cent, with a minimum charge of 8 PLN. Blik will be available soon. Payments made using Blik will cost PLN 0.50 on the Start plan and will be free on the Plus plan. Withdrawals from ATMs using Blik will only be available on the Plus plan and will cost 2 per cent, with a minimum charge of PLN 4.
It is worth noting that the app has been well designed. At least during the installation and identity verification stages, I didn’t encounter any major issues. On the contrary – the identity verification process went more smoothly than the equivalent process at most banks in Poland. However, PaysafeWallet isn’t easy to find, as it’s a feature of the pre-existing PasafeCard app. It’s best to activate it via the website. Furthermore, not all the links available in the app have been correctly localised into Polish.
