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Paysafecard Supports Entropia Universe

Tags » ECommerce Payments, Emerging Payments, Prepaid Cards and Stored Value Cards

Entropia Universe, a fast growing virtual world utilizing a real cash economy, has announced "the launch of a new monetary deposit platform designed by Paysafecard.com, Europe's first prepaid card for online payments."

Entropia Universe utilizes the Paysafecard technology to allow Entropia members to quickly deposit money into virtual accounts without having to use a debit or credit card. The new system creates a safe, convenient and seamless process for anonymously transferring cash to one's avatar. The process begins with the purchase of a prepaid card (increments of EUR 10, EUR 25, EUR 50, EUR 100) at one of the many general retail outlets in Europe. The card contains a (scratch and reveal) PIN code which is then entered into the Entropia deposit system for easy transfer of funds without the use of a debit or credit card.

"Paysafecard is a respected name in Europe, and we welcome the opportunity to utilize its service and technology," says Marco Behrmann, CIO for MindArk, developer of Entropia Universe. "We realize not everyone has immediate access to a debit/credit card, therefore we wanted to create a convenient and safe way for members to quickly deposit money into their virtual accounts within Entropia."

Paysafecard is Europe's leading prepaid payment card for alternative online payment systems. The design allows for easy and secure online shopping without the need of giving away personal data. The success of Paysafecard is strongly based on close co-operations with strategic partners from the banking and information technology sectors including, IBM, the German Commerzbank AG and the Austrian BAWAG P.S.K. bank.

Entropia Universe is the only virtual gaming community that actively supports sales of virtual products with actual cash value within its real economy system. The economy offers the user a secure and safe way to make purchases, sales and exchange real-life currency into PED (Project Entropia Dollars) and back again into real money, at a fixed exchange rate to the US Dollar. PED allows members to invest in personal development and growth through the acquisition of goods, buildings, and land in the virtual universe.

Paysafecard.com Wertkarten AG is a Vienna-based company with two subsidiaries in Vienna, Austria, and Düsseldorf, Germany, that has evolved into the leading European provider of alternative online payment systems. Paysafecard, Europe's first prepaid card for shopping on the internet, is a secure, simple and anonymous method of payment enabling everyone to perform online transactions. Paysafecard has been approved by banking supervision authorities. The BAWAG P.S.K. bank issues and administers Paysafecard as legal tender in Austria, while it is issued in Germany, Greece and Slovenia by the Commerzbank AG. For more information please visit www.paysafecard.com.


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