Payments platform Paysafe (NYSE:PSFE) today announced its new partnership with CMC Markets (LON:CMCX), a global provider of online trading and investment services.
The partnership sees CMC Markets broaden its range of payment options for traders in the European Economic Area (EEA), south-east Asia, the Middle East and other global markets (currently excluding the UK and US), with Paysafe’s Skrill and Neteller becoming the online trading broker’s first digital wallets and alternative payment methods (APMs) in these markets.
Whether trading Forex, commodities, shares, indices or treasuries, CMC customers can use Skrill or Neteller to fund their trading accounts seamlessly and securely. The digital wallets, both of which were launched more than 20 years ago and boast a longstanding history serving the forex and financial trading industry, will allow CMC customers to benefit from rapid payment solutions that have been developed with traders in mind.
As well as funding their CMC accounts, traders can use Skrill and Neteller to make withdrawals with no delays. Once a trader moves money to either Paysafe digital wallet, they can then withdraw it to their bank account, card or another APM, or use it to fund new trading positions with CMC.
With Skrill and Neteller available in 130 countries, Paysafe’s partnership with CMC is expected to expand into other regions, including Latin America, as well as involve additional Paysafe APMs.
Rob Gatto, Chief Revenue Officer at Paysafe, said:
“We’re delighted to partner with a financial trading broker as prestigious and well-established as CMC Markets, which has over 35 years’ industry experience. Our digital wallets also have a long history serving the online trading community and are very popular with traders, so we look forward to facilitating transactions for new and existing customers of CMC Markets, as well as expanding the partnership into other global markets.”
Alexander Praill, Head of Payment Services at CMC Markets, commented:
“This exciting partnership with Paysafe will be instrumental in delivering a consistent and cohesive payments experience to our clients. Considering Skrill and Neteller’s global popularity, with millions of users worldwide, and their long association with online trading, this integration is particularly impactful. Traders will now be able to make payments and withdrawals using their preferred medium, giving them the freedom to trade their way and strengthening our customer-centric approach.”
