About
We envision a world where online payments are affordable, safe and available to everyone.
Founded in 2011 and acquired in 2020 by Paysafe Group, we envision a world where online payments are affordable, safe and available to the millions of consumers who are excluded from e-commerce because they do not use credit cards or bank accounts.
Openbucks enables online merchants to accept cash and retailer gift cards as a form of payment from consumers who do not use bank accounts or credit cards to transact online.
We have over 67,000+ servicing payment locations in the U.S. via CVS Pharmacy, Dollar General, Obucks and paysafecard and serve hundreds of online merchants directly or via PSPs. With zero chargebacks to the merchant and no fees to the consumer, we are the most convenient alternative payment solution in the U.S.
Online merchants can integrate our payment platform using the paysafecard API or Skrill Quick Checkout API. Customers simply select the 'Cash and Gift Cards' button at checkout and are redirected to the payment panel where the transaction is instantly validated so that goods can be delivered.
2011 Launched payment platform in the US
2014 Acceptance of USD, CAD and HKD transactions
2020 Acquired by Paysafe Group
2021 Integrated with paysafecard API
2023 Integrated with Skrill Quick Checkout API
2024 Integrated with myPaysafe accounts
Openbucks acquired by Paysafe Group
July 28, 2020 - Paysafe, a leading specialized payments platform, today announces its acquisition of US-based payment technology company, Openbucks, for an undisclosed sum. Openbucks is a payment gateway that allows online merchants to accept retail gift cards as an alternative form of payment to credit cards, something that is particularly popular amongst online gaming and eSports operators. For Paysafe, this latest investment forms part of its strategy to further expand its cash alternative payment offering in the US, one of the world’s largest e-commerce markets with revenue projected to grow from $374bn in 2020 to $476bn by 2024.¹
Read more
Openbucks has been granted a license under U.S. Patent No. 6,876,979.