Paysafe Group Acquires Income Access
Income Access, the reputable affiliate software provider has become part of the ever expanding Paysafe Group, which is the parent company of Skrill and Neteller. After several years of close cooperation between Paysafe’s subsidiaries and Income Access a deal was struck. Income Access is to become a subsidiary of Paysafe for a price of $30.5m (€27.4m/ CAD40m).
Paysafe & Income Access – A Winning Combination
Skrill and NETELLER are affiliates favorite payment methods due to the flexibility they offer. Bank wire transfers are rather unpopular because they can be costly, especially for recently established affiliates. On the other hand, Income access has an enviable market share. Their clients include renowned affiliate programs which are responsible for marketing some of the best online casinos and online sportsbooks.
This is more of a strategic acquisition which guarantees Skrill and NETELLER will remain the go to payment methods for small to medium affiliates. We hope there are going to be some changes that will favor affiliates who use Skrill and NETELLER as withdrawal methods.
The Effect of Paysafe’s Acquisition of Income Access
The founder and Chief Executive Officer of Nicky Senyard, will keep his current role in the company. Paysafe obviously recognized his managing and leading skills and don’t want to lose him. After all, he bears the responsibility for what Income Access has become.
Not much will change in Income Access, the status quo works perfectly fine for Paysafe. Considering the significant market share Income Access has in the affiliate industry as a leading software provider, Paysafe just guaranteed themselves a high safe spot. It’s a common practice for a business to buy-off a key supplier to ensure they will continue operating.