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Income Access Being Acquired by Paysafe

Income access is an affiliate network that has found quite a bit of success in the industry over the years, but they are now getting bought out by Paysafe and its subsidiaries.  Paysafe will be purchasing Income Access for $30.5 million from its current owners, IA Digital Marketing, EcomAccess, and their shareholders.

Paysafe’s president and Chief Executive, Joel Leonoff, 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.  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.”

The bulk of the agreed upon buyout amount will be paid upon completion of the deal, with the remaining $12 million being paid out over the course of 18 months in three installments of $4 million each.

There is no word yet on what, if any, initial impact this will have for Income Access and the affiliates that work with them.  It does seem like it could open up some great opportunities down the road, but it is too early to tell at this point.

Pesach Lattin
Pesach Lattinhttp://www.adotat.com
Pesach "Pace" Lattin is one of the top experts in interactive advertising, affiliate marketing. Pesach Lattin is known for his dedication to ethics in marketing, and focus on compliance and fraud in the industry, and has written numerous articles for publications from MediaPost, ClickZ, ADOTAS and his own blogs.

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