UK-based online sports betting company Colossus Bets has unveiled a new affiliate system in conjunction with Income Access, a technology and affiliate management software provider for the iGaming industry, and has also entered into an agreement with WorldPay payment processing business.
Powered by Income Access’ software and managed by the company’s affiliate managers, Colossus Bets’ affiliate programme covers a range of sports-pool options, including ‘the Colossus’, which offers players a guaranteed £10 million (€11.7 million/$15.6 million) pool per week.
The affiliate programme offers a revenue share commission structure, with affiliates earning 5% of the turnover of every bet placed by a referred player for the first five years of the player’s activity, and 2% of all cash-in volumes as well as 2% of all player wins.
After five years of a player’s activity affiliates are paid 3% of turnover from every bet, while earnings from cash-in volumes and player wins remain at 2%.
“The brand’s lottery-sized prizes and flexible cash-in options provide affiliates with access to a betting product which is truly ground-breaking and unlike anything currently available,” Colossus Bets founder and chief executive officer Bernard Marantelli said.
Meanwhile WorldPay has been selected by Colossus Bets for end-to-end payment services including payment processing, acquiring, alternative payments and risk management.
Colossus Bets will be using the High Capacity Gateway, which processes up to 200 simultaneous transactions per second.