paysafecard, from Austria-founded Paysafe Group, is a prepaid method that performs strongly for digital content payments such as game items and streaming, and in Lithuania it is likewise distributed by purchasing a PIN at a retail outlet and using it online. The primary users are students who struggle to get a credit card issued and privacy-conscious customers who prefer not to expose payment information. As a niche method that captures demand from people who simply don't want account-based verification, it complements Lithuania's bank-link-centric payment landscape.

This has significant value for Korean merchants selling gaming/esports-related services or small-ticket digital content such as music and webtoons, when targeting users in their teens and twenties in Lithuania. Products with a low ticket size and low refund frequency pair especially well with a prepaid voucher.

When a consumer enters their 16-digit paysafecard PIN at checkout, the amount is deducted from the voucher balance and payment is confirmed immediately. Because this is a prepaid structure with no account or card information exchanged, there is no non-payment risk. The paid euro (EUR) funds are received by Hecto Financial, converted, and follow the path of being settled to the Korean merchant in whichever currency — USD, KRW, or JPY — was set under the contract.

Integrating through Hecto Financial lets a Korean company explore paysafecard acceptance without a local contract in Lithuania. Since prepaid vouchers come with detailed policies for specific industries such as gaming and digital content, please confirm whether your product category is permitted, and under what conditions, through consultation before signing a contract.

• Merchant registration country

  Confirm whether contracting is possible for merchants registered in Korea

• Sales channels

  Integration method and priority vary depending on your online sales channel mix — owned storefront, marketplaces, mobile apps, etc.

• Product categories

  Check in advance whether your products fall under restricted categories according to the PaySafeCard operator's merchant policy

• EU regulatory compliance

  Confirm compliance with EU payment regulations such as PSD2 and SEPA (see official sources below)

paysafecard revenue is received by Hecto Financial in euros (EUR), and after conversion, settled to the Korean merchant in whichever currency — USD, KRW, or JPY — was chosen under the contract. Because prepaid vouchers often restrict cash-equivalent refunds, care is needed when designing refund policy, and when selling digital content, the application of the EU's 14-day right of withdrawal — and its exceptions, such as disclosing that the right lapses upon consent to immediate performance — should be reflected in your terms of use.

• Bank of Lithuania (Lietuvos bankas)Official information from the integrated supervisory authority responsible for operating Lithuania's payment systems and licensing and supervising electronic money institutions (EMIs). Where the content of this page differs from actual regulations, the official sources take precedence.