Paysafe moves quickly to acquire Income Access
Published on by Becky M.
When you think about payment methods within the world of online casino gaming, you will now almost certainly think of Paysafe. The prepay option has quickly become a player favourite, with the company reaping the financial rewards as a result. Considering that this is the case, it appears that Paysafe is expanding through the acquisition of Income Access. Totalling C$40 million, the agreement will see Paysafe purchase the company outright along with all associated subsidiaries.
Providing Relevant Payment Solutions
The purchase will see Income Access move from under the EcomAccess banner to Paysafe, with the total deal taking place in instalments. Three C$12 million instalments and a final C$4 million will make up the transaction over an 18 month-period. It’s evident that Paysafe plan to make use of Income Access’s affiliate-focused technology, as Joel Leonoff (Paysafe President) said, “By adding Income Access’s affiliate technology to our product suite alongside our Skrill and NETELLER brands and deepening our merchant relationships, this transaction delivers on Paysafe’s strategic objectives to provide relevant payment solutions that serve the evolving needs of our merchants.” He also addressed how Income Access factors into the company’s future plans, “Income Access is an excellent fit for our business; this acquisition will help to extend our leadership position in niche-orientated payment solutions as we add value for our merchants and redefine the role of a payments provider.”
Winning Combination
As a result of this acquisition, Nicky Senyard will remain as managing director of Income Access, he commented on the deal by saying, “Our technology and global affiliate network, combined with Paysafe’s comprehensive payments offering, creates a winning combination for the benefit of our existing and new partners.”With a brand new deal in place, Paysafe may very well become the name to watch as far as online casino payment platforms are concerned.