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Income Access Acquisition Means More for Paysafe Merchants

David Burgundy | 12 Sep 2016

Income Access Acquisition Paysafe Canadian mobile casinos and other Paysafe merchants can expect more from the payment solution provider, following its acquisition of affiliate technology company Income Access. The improved product capability for merchant’s means that players and other users can expect more, too.

Paysafe president and CEO Joel Leonoff said that the acquisition will benefit the provider’s relationship with its merchants, and that it was in keeping with the provider’s strategy to meet its merchants’ ever-changing needs.

Lorenzo Pellegrino, Paysafe’s Divisional CEO for its Neteller and Skrill brands, pronounced that the deal would add impetus to the expansion of its international affiliate network.

The acquisition cost the provider C$40 million; C$28 million of which will be paid to Income Access shareholders when the transaction is complete. The remaining C$12 million will be paid in three instalments over 18 months.

Income Access was established in 2002, and provides multi-channel marketing programme management technology to more than 25 000 affiliates. The company is based in Montreal, and has staff in Vancouver, London and Brisbane.

Its founder and CEO, Nicky Senyard, will remain at the helm as the managing director. Senyard said that the synergy between Income Access’ affiliate network and Paysafe’s various products would prove to be beneficial for new and existing merchants.

Paysafe’s Payment Solutions

The provider’s payment solutions that are arguably the best known among Canadian mobile casino players are the Paysafecard, Neteller and Skrill. The former is a prepaid card; the latter are e-wallets.

Available at vendors such as grocery stores and newsagents, the card is purchased and topped up in-store. Each card has a unique number, and that number is submitted when the card is used to make payments via mobile devices.

While hacking and Internet fraud aren’t really a concern with the prepaid card, the card must be kept safe, as anyone who finds it could use it.

Players can use the Neteller or Skrill websites to create an e-wallet that is linked to their credit card or online banking profile. Players can transfer money from their card or account to their e-wallet, and then use the e-wallet as a payment method at mobile casinos and other merchants.

There’s no need to worry too much about security, as the e-wallet services are protected by state of the art data encryption. Paysafe’s exciting new and improved product could see more mobile casino players opting for the banking method that’s already become a firm favourite of many.