Paysafe Limited (PSFE) 6-K 14 Nov 23 Current report (foreign) Financial data

Document and Entity Information

Document and Entity Information	Nov. 14, 2023
Document Information [Line Items]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Nov. 14, 2023
Entity Registrant Name	PAYSAFE LIMITED
Entity Central Index Key	0001833835
Current Fiscal Year End Date	--12-31
Entity File Number	001-40302
Entity Address, Address Line One	2 Gresham Street
Entity Address, City or Town	London
Entity Address, Country	GB
Contact Personnel Name	Paysafe Limited
Entity Address, Postal Zip Code	EC2V 7AD

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Revenue	$ 396,410	$ 365,988	$ 1,186,597	$ 1,112,569
Cost of services (excluding depreciation and amortization)	164,077	151,810	489,630	457,900
Selling, general and administrative	121,195	132,250	383,106	397,527
Depreciation and amortization	67,074	66,088	197,046	199,096
Impairment expense on goodwill and intangible assets	0	4,036	275	1,886,223
Restructuring and other costs	835	6,443	4,165	60,636
Loss on disposal of subsidiary and other assets, net	0	699	0	1,359
Operating income / (loss)	43,229	4,662	112,375	(1,890,172)
Other income, net	9,661	38,230	19,584	97,863
Interest expense, net	(38,421)	(34,631)	(112,639)	(89,013)
Income / (loss) before taxes	14,469	8,261	19,320	(1,881,322)
Income tax expense / (benefit)	17,018	7,283	27,442	(52,749)
Net (loss) / income	(2,549)	978	(8,122)	(1,828,573)
Less: net income attributable to non-controlling interest	0	0	0	371
Net loss attributable to the Company	$ (2,549)	$ 978	$ (8,122)	$ (1,828,944)
Net (loss)/ income per share attributable to the Company - basic	$ (0.04)	$ 0.02	$ (0.13)	$ (30.24)
Net (loss)/ income per share attributable to the Company - diluted	$ (0.04)	$ 0.02	$ (0.13)	$ (30.24)
Net loss	$ (2,549)	$ 978	$ (8,122)	$ (1,828,573)
Other comprehensive income / (loss), net of tax of $0:
(Loss) / gain on foreign currency translation	(8,853)	(33,532)	1,525	(55,660)
Total comprehensive income / (loss)	(11,402)	(32,554)	(6,597)	(1,884,233)
Less: comprehensive income attributable to non-controlling interest	0	0	0	371
Total comprehensive income / (loss) attributable to the Company	$ (11,402)	$ (32,554)	$ (6,597)	$ (1,884,604)

Consolidated Statements of Fina

Consolidated Statements of Financial Position (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 226,451	$ 260,219
Customer accounts and other restricted cash	1,291,662	1,866,976
Accounts receivable, net of allowance for credit losses of $5,496 and $10,558, respectively	163,430	159,324
Settlement receivables, net of allowance for credit losses of $5,126 and $5,398, respectively	140,273	147,774
Prepaid expenses and other current assets	103,434	60,810
Total current assets	1,925,250	2,495,103
Deferred tax assets	104,538	104,538
Property, plant and equipment, net	18,563	11,947
Operating lease right-of-use assets	25,473	35,509
Derivative asset	16,053	17,321
Intangible assets, net	1,188,622	1,291,458
Goodwill	1,990,603	1,999,132
Other assets – non-current	4,271	2,048
Total assets	5,273,373	5,957,056
Current liabilities
Accounts payable and other liabilities	225,003	241,529
Short-term debt	10,190	10,190
Funds payable and amounts due to customers	1,464,102	1,997,867
Operating lease liabilities – current	8,625	7,953
Income taxes payable	0	11,325
Contingent and deferred consideration payable – current	10,639	18,171
Liability for share-based compensation – current	2,543	11,400
Total current liabilities	1,721,102	2,298,435
Non-current debt	2,504,498	2,633,269
Operating lease liabilities – non-current	20,165	29,913
Deferred tax liabilities	136,132	118,791
Warrant liabilities	2,264	3,094
Liability for share-based compensation – non-current	2,927	4,942
Contingent and deferred consideration payable – non-current	8,378	8,975
Total liabilities	4,395,466	5,097,419
Commitments and contingent liabilities
Shareholder’s equity
Common shares - $0.012 par value; 1,600,000,000 shares authorized; 61,652,633 shares issued and outstanding as of September 30, 2023 and 60,788,816 shares issued and outstanding as of December 31, 2022	740	730
Additional paid in capital	3,161,283	3,136,426
Accumulated deficit	(2,247,565)	(2,239,443)
Accumulated other comprehensive loss	(36,551)	(38,076)
Total shareholder's equity	877,907	859,637
Total liabilities and shareholder’s equity	$ 5,273,373	$ 5,957,056

Consolidated Statements of Fi_2

Consolidated Statements of Financial Position (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Accounts Receivable, Allowance for Credit Loss, Current	$ 5,496	$ 10,558
Settlement receivables, net of allowance for credit losses of $3,668 and $4,049, respectively	$ 5,126	$ 5,398
Ordinary shares, Par or Stated Value Per Share	$ 0.012	$ 0.012
Common Stock, Shares Authorized	1,600,000,000	1,600,000,000
Common Stock, Shares, Issued	61,652,633	60,788,816
Common Stock, Shares, Outstanding	61,652,633	60,788,816

Consolidated Statements of Shar

Consolidated Statements of Shareholder's Equity (Unaudited) - USD ($) $ in Thousands	Total	Common shares [Member]	Additional paid in capital [Member]	Accumulated deficit [Member]	Accumulated other comprehensive income / (loss) [Member]	Shareholders' equity in the Company [Member]	Noncontrolling Interest [Member]
Beginning balance at Dec. 31, 2021	$ 2,707,769	$ 723	$ 2,949,654	$ (376,788)	$ (3,825)	$ 2,569,764	$ 138,005
Net loss / (income)	(1,170,812)			(1,171,183)		(1,171,183)	371
Gain (loss) on foreign currency translation, net of tax of $0	14,396				14,396	14,396
Shares issued upon warrants exercised	3	1	2			3
Restricted stock units issued		1	(1)
Shared based compensation	11,593		11,593			11,593
Capital contribution			38,295			38,295	(38,295)
Ending balance at Mar. 31, 2022	1,562,949	725	2,999,543	(1,547,971)	10,571	1,462,868	100,081
Beginning balance at Dec. 31, 2021	2,707,769	723	2,949,654	(376,788)	(3,825)	2,569,764	138,005
Net loss / (income)	(1,828,573)
Gain (loss) on foreign currency translation, net of tax of $0	(55,660)
Ending balance at Sep. 30, 2022	858,956	727	3,023,365	(2,205,732)	(59,485)	758,875	100,081
Beginning balance at Mar. 31, 2022	1,562,949	725	2,999,543	(1,547,971)	10,571	1,462,868	100,081
Net loss / (income)	(658,739)			(658,739)		(658,739)
Gain (loss) on foreign currency translation, net of tax of $0	(36,524)				(36,524)	(36,524)
Restricted stock units issued		2	(2)
Shared based compensation	11,406		11,406			11,406
Ending balance at Jun. 30, 2022	879,092	727	3,010,947	(2,206,710)	(25,953)	779,011	100,081
Net loss / (income)	978			978		978
Gain (loss) on foreign currency translation, net of tax of $0	(33,532)				(33,532)	(33,532)
Shared based compensation	12,418		12,418			12,418
Ending balance at Sep. 30, 2022	858,956	727	3,023,365	(2,205,732)	(59,485)	$ 758,875	$ 100,081
Beginning balance at Dec. 31, 2022	859,637	730	3,136,426	(2,239,443)	(38,076)
Net loss / (income)	(3,808)			(3,808)
Gain (loss) on foreign currency translation, net of tax of $0	2,174				2,174
Restricted stock units issued		6	(6)
Shared based compensation	2,925		2,925
Conversion of liability classified award to equity (Note 10)	6,276		6,276
Contribution from Topco (Note 10)	3,707		3,707
Ending balance at Mar. 31, 2023	870,911	736	3,149,328	(2,243,251)	(35,902)
Beginning balance at Dec. 31, 2022	859,637	730	3,136,426	(2,239,443)	(38,076)
Net loss / (income)	(8,122)
Gain (loss) on foreign currency translation, net of tax of $0	1,525
Ending balance at Sep. 30, 2023	877,907	740	3,161,283	(2,247,565)	(36,551)
Beginning balance at Mar. 31, 2023	870,911	736	3,149,328	(2,243,251)	(35,902)
Net loss / (income)	(1,765)			(1,765)
Gain (loss) on foreign currency translation, net of tax of $0	8,204				8,204
Restricted stock units issued		4	(4)
Shared based compensation	6,814		6,814
Ending balance at Jun. 30, 2023	884,164	740	3,156,138	(2,245,016)	(27,698)
Net loss / (income)	(2,549)			(2,549)
Gain (loss) on foreign currency translation, net of tax of $0	(8,853)				(8,853)
Shares issued upon warrants exercised	5	0	5
Restricted stock units issued		0	0
Shared based compensation	5,140		5,140
Ending balance at Sep. 30, 2023	$ 877,907	$ 740	$ 3,161,283	$ (2,247,565)	$ (36,551)

Consolidated Statements of Sh_2

Consolidated Statements of Shareholder's Equity (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]
Gain on foreign currency translation, net of tax of $0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities
Net loss	$ (8,122)	$ (1,828,573)
Adjustments for non-cash items:
Depreciation and amortization	197,046	199,096
Unrealized foreign exchange loss / (gain)	4,907	(49,319)
Deferred tax expense / (benefit)	17,453	(64,165)
Interest expense, net	5,392	25,393
Share-based compensation	23,061	45,248
Other income, net	(19,828)	(40,559)
Impairment expense on goodwill and intangible assets	275	1,886,223
Allowance for credit losses and other	13,857	24,792
Loss on disposal of subsidiary and other assets, net	0	1,359
Non-cash lease expense	6,686	5,505
Movements in working capital:
Accounts receivable, net	(15,857)	(24,046)
Prepaid expenses, other current assets and related party receivables	(1,332)	(21,772)
Settlement receivables, net	2,090	(10,581)
Accounts payable and other liabilities	(26,623)	29,194
Funds payable and amounts due to customers	(529,888)	1,210,744
Income tax payable and receivable	(24,485)	(15,320)
Net cash flows (used in) / provided by operating activities	(355,368)	1,373,219
Cash flows from investing activities
Purchase of property, plant & equipment	(12,129)	(2,637)
Purchase of merchant portfolios	(26,749)	(38,347)
Purchase of other intangible assets	(69,393)	(67,056)
Acquisition of businesses, net of cash acquired	0	(424,722)
Net cash outflow on disposal of subsidiary	0	(826)
Receipts under derivative financial instruments	7,520	0
Cash outflow for merchant reserves	(24,400)
Other investing activities, net	(410)	0
Net cash flows used in investing activities	(125,561)	(533,588)
Cash flows from financing activities
Cash settled equity awards	(484)	(154)
Proceeds from exercise of warrants	5	3
Repurchases of shares withheld for taxes	(7,857)	0
Repurchases of borrowings	(124,344)	(31,365)
Proceeds from loans and borrowings	90,138	86,246
Repayment of loans and borrowings	(68,592)	(130,672)
Payment of debt issuance costs	0	(6,261)
Payments under derivative financial instruments, net	0	(1,305)
Proceeds under line of credit	675,000	571,600
Repayments under line of credit	(675,000)	(565,600)
Contingent consideration received	0	2,621
Contingent and deferred consideration paid	(9,210)	(16,717)
Net cash flows used in financing activities	(120,344)	(91,604)
Effect of foreign exchange rate changes	(7,809)	(284,334)
(Decrease) / increase in cash and cash equivalents, including customer accounts and other restricted cash during the period	(609,082)	463,693
Cash and cash equivalents, including customer accounts and other restricted cash, at beginning of the period	2,127,195	1,971,718
Cash and cash equivalents, including customer accounts and other restricted cash, at end of period	1,518,113	2,435,411
Supplemental cash flow disclosures:
Cash paid for interest	107,247	63,620
Cash paid for Income taxes, net	34,474	26,737
Cash and cash equivalents	226,451	220,191
Customer accounts and other restricted cash, net	1,291,662	2,215,220
Total cash and cash equivalents, including customer accounts and other restricted cash, net	$ 1,518,113	$ 2,435,411

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	1. Basis of presentation and summary of significant accounting policies Description of the Business In these unaudited condensed consolidated financial statements and related notes, Paysafe Limited, and its consolidated subsidiaries are referred to collectively as “Paysafe,” “we,” “us,” and “the Company” unless the context requires otherwise. Paysafe is a leading global provider of end-to-end payment solutions. Our core purpose is to enable businesses and consumers to connect and transact seamlessly through our payment platforms. Paysafe Limited was incorporated as an exempted limited company under the laws of Bermuda on November 23, 2020 for purposes of effectuating the merger (the "Transaction") with Foley Trasimene Acquisition Corp. II (“FTAC”), a special purpose acquisition company that completed its Initial Public Offering (“IPO”) in August 2020, and Pi Jersey 1.5 Limited ("Legacy Paysafe"). In connection with the Transaction, which was consummated on March 31, 2021, the Company’s common shares and warrants were listed on the New York Stock Exchange under the symbols PSFE and PSFE.WS, respectively. Subsequent to the Transaction, Pi Jersey Topco Limited (“Topco”), funds advised by affiliates of CVC Capital Partners (such funds collectively, "CVC") and The Blackstone Group Inc. ("Blackstone") continue to retain ownership in the Company. In 2022, we revised our reportable segments, which are the same as our operating segments, as a result of a change in our Chief Operating Decision Maker (“CODM”) and how our CODM regularly reviews financial information to allocate resources and assess performance. Our new reportable segments are Merchant Solutions and Digital Wallets. Merchant Solutions includes the previous US Acquiring segment along with the Integrated eCommerce Solutions (“IES”) business that was previously part of the Digital Commerce segment. The prior year information has been recast to reflect this change. R everse Stock Split ("RSS") On December 12, 2022, we effected a 1-for-12 reverse stock split of our issued and outstanding common stock (the “Reverse Stock Split”). As a result of the Reverse Stock Split, each issued and outstanding share of our common stock, and the per share exercise price of and number of shares of our common stock underlying our outstanding equity awards, were automatically proportionally adjusted based on the 1-for-12 Reverse Stock Split ratio. No fractional shares of common stock were issued in connection with the reverse stock split, and all such fractional interests were rounded up to the nearest whole number. Except as otherwise provided herein, all share and per-share amounts of our common stock, equity awards, warrants and other outstanding equity rights have been adjusted to give effect to the Reverse Stock Split for all periods presented. The Reverse Stock Split amended the par value of our common stock to $ 0.012 per share, but did not modify any voting rights or other terms of our common stock. Basis of Presentation The accompanying unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2023 and the comparative financial information for the three and nine months ended September 30, 2022 and for the year ended December 31, 2022 include the accounts of the Company, and its subsidiaries, based upon information of Paysafe Limited. All intercompany transactions have been eliminated in consolidation. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for the fair statement of the Company’s financial position, results of operations and cash flows have been included. These unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and notes required by GAAP for annual financial statements and should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2022 on Form 20-F filed on March 15, 2023. The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reported period. Operating results for the three and nine months ended September 30, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023 or any other interim period. Disaggregation of Revenue The Company provides payment solutions through two primary lines of business: Merchant Solutions and Digital Wallets. For each primary source of revenue within these business lines, the Company’s main performance obligation is to stand ready to provide payment services to merchants and consumers. Due to the concentration of economic factors, products and services in each of the business lines, the Company has presented disaggregated revenue at the segment level (See Note 14). We do no t have any material contract balances associated with our contracts with customers as of September 30, 2023 and December 31, 2022 . The Company has applied the practical expedient to exclude disclosure of remaining performance obligations, as the Company's contracts typically have a term of one year or less. Significant accounting policies Effective January 1, 2023, we began to self-insure for certain losses related to United States employee medical and prescription drug benefit claims, a portion of which is paid by employees. We hold specific and aggregate excess loss insurance benefit coverage to limit significant exposure to these claims. Self-insured liabilities and related expenses are based upon actual claims filed and an estimated liability of claims incurred but not reported (“IBNR”). The liabilities are actuarially determined based primarily on our historical claims activity, claims payment patterns, and medical cost trends. In addition, we record receivables for amounts expected to be reimbursed for payments made in excess of stop-loss coverage. The self-insurance liability represents the best estimate of future payments to be made on reported and unreported losses as of September 30, 2023. To the extent actuarial assumptions change and claims experience rates differ from historical rates, our liabilities may change. As of September 30, 2023, the self-insurance liability was not material and no receivables were recorded for payments in excess of our self-insured levels. There have been no material changes in our significant accounting policies during the nine months ended September 30, 2023 except as noted above. A detailed discussion of our significant accounting policies is included within the audited consolidated financial statements for the year ended December 31, 2022 on Form 20-F filed on March 15, 2023. Recent Accounting Pronouncements Reference Rate Reform In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848), which provides optional expedients and exceptions to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments in this update apply only to contracts, hedging relationships, and other transactions that reference London Inter-bank Offered Rate ("LIBOR") or another reference rate expected to be discontinued because of reference rate reform. The expedients and exceptions provided by the amendments do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging relationships existing as of December 31, 2022 for which an entity has elected certain optional expedients and which are retained through the end of the hedging relationship. The amendments in this update also include a general principle that permits an entity to consider contract modifications due to reference rate reform to be an event that does not require contract remeasurement at the modification date or reassessment of a previous accounting determination. If elected, the optional expedients for contract modifications must be applied consistently for all eligible contracts or eligible transactions within the relevant ASC Topic or Industry Subtopic that contains the guidance that otherwise would be required to be applied. The amendments in this update were effective upon issuance and could be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope, which clarified the scope of ASU 2020-04 indicating that certain optional expedients and exceptions included in ASU 2020-04 are applicable to derivative instruments affected by the market-wide change in interest rates used for discounting, margining, or contract price alignment. Our exposure to LIBOR is limited to our Term Loan Facility (USD), Revolving Credit Facility (USD) and derivative instruments. In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848), which defers the sunset date of Topic 848 from December 31, 2022, to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. The Company has applied the optional expedient in the standard to the debt amendment dated April 13, 2023, and the derivative instrument with the changes in rate accounted for prospectively (See Note 7 and 8). Business Combinations In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. This update improves the accounting for acquired revenue contracts with customers in a business combination by addressing diversity in practice and inconsistency related to 1) recognition of an acquired contract liability and 2) payment terms and their effect on subsequent revenue recognized by the acquirer. This guidance will take effect for public companies with fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022 and is applied prospectively to acquisitions occurring after the effective date. The Company adopted this new guidance effective January 1, 2023. This new guidance did not have an impact on our interim unaudited consolidated financial statements. Supplier Finance Programs In September 2022, the FASB issued ASU No. 2022-04 Liabilities - Supplier Finance Programs. This update enhances transparency about an entity’s use of supplier finance programs. The buyer in a supplier finance program is required to disclose information about the key terms of the program, outstanding confirmed amounts as of the end of the period, a roll-forward of such amounts during each annual period, and a description of where in the financial statements outstanding amounts are presented. The amendments in this update will take effect for public companies with fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022, except for the amendment on roll-forward information which is effective for fiscal years beginning after December 31, 2023. Early adoption is permitted. The Company adopted this new guidance, with the exception of the roll-forward information, effective January 1, 2023. This new guidance did not have a material effect on our consolidated financial statements. As of September 30, 2023, the Company did not have any supplier finance arrangements. Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions In June 2022, the FASB issued ASU 2022-03, which amends Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. This amendment clarifies guidance for fair value measurement of an equity security subject to a contractual sale restriction and establishes new disclosure requirements for such equity securities. This amendment is effective for fiscal years beginning after December 15, 2023 and for interim periods within those fiscal years, with early adoption permitted. This new guidance is not expected to have an impact on our consolidated financial statements.

Net Loss per Share Attributable

Net Loss per Share Attributable to the Company	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Net Loss per Share Attributable to the Company	2. Net loss per share attributable to the Company The following table sets forth the computation of the Company’s basic and diluted net loss per share attributable to the Company. The Company uses the treasury stock method of calculating diluted net loss per share attributable to the Company. For the three and nine months ended September 30, 2023 and 2022, we excluded all potentially dilutive restricted stock units, stock options, warrants and LLC units in calculating diluted net loss per share attributable to the Company as the effect was antidilutive. In the fourth quarter of 2022, the Company was notified that 100% of the LLC Units were surrendered by the FTAC Founder and were subsequently canceled. For the three months ended September 30, For the nine months ended September 30, 2023 2022 2023 2022 Numerator Net (loss) / income attributable to the Company - basic $ ( 2,549 ) $ 978 $ ( 8,122 ) $ ( 1,828,944 ) Net (loss) / income attributable to the Company - diluted $ ( 2,549 ) $ 978 $ ( 8,122 ) $ ( 1,828,944 ) Denominator Weighted average shares – basic 61,623,820 60,592,461 61,349,985 60,471,705 Weighted average shares – diluted 61,623,820 60,662,734 61,349,985 60,471,705 Net (loss) / income per share attributable to the Company Basic $ ( 0.04 ) $ 0.02 $ ( 0.13 ) $ ( 30.24 ) Diluted $ ( 0.04 ) $ 0.02 $ ( 0.13 ) $ ( 30.24 )

Taxation

Taxation	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Taxation	3. Taxation We account for income taxes in interim periods pursuant to the provisions of ASC 740, Income Taxes. Under this method, our provision for or benefit from income taxes is computed by applying an estimated annual effective tax rate to the year to date pre-tax book income and the effects of any discrete income tax items are recognized in the periods in which they occur. Effective April 1, 2023, the U.K. statutory tax rate increased from 19 % to 25 % and a weighted average of 23.5 % will be applied for the full year 2023. Our effective tax rate for the three months ended September 30, 2023 and 2022 was 117.6 % and 88.2 %, respectively. Our effective tax rate for the nine months ended September 30, 2023 and 2022 was 142.0 % and 2.8 %, respectively. Our year to date tax rate is higher due to our valuation allowance on restricted interest carryforwards and discrete items identified during the nine months ended September 30, 2023. The change in the effective tax rate in 2023 compared to 2022 primarily arises as a result of the deferred tax impact of the goodwill impairment in the prior year and the impact of the valuation allowance on restricted interest carryforwards and discrete items identified during the current year as noted above. The difference between our effective tax rate and the U.K. statutory rate for the three and nine months ended September 30, 2023 was primarily the result of our valuation allowance on restricted interest carryforwards and items identified as discrete during the current year. The difference between our effective tax rate and the U.K. statutory rate for the three and nine months ended September 30, 2022 was primarily the result of the non-deductible component of the goodwill impairment charge and changes to our valuation allowance related to our recoverability of deferred tax assets on restricted interest carryforwards.

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2023
Goodwill [Abstract]
Goodwill	4. Goodwill As a result of our change in segments during the year ended December 31, 2022, the prior period goodwill balances have been recast to reflect this change (See Note 1). Changes in the carrying amount of goodwill are as follows: Merchant Solutions Digital Wallets Total Balance as of December 31, 2022 $ 637,446 $ 1,361,686 $ 1,999,132 Foreign exchange — ( 8,529 ) ( 8,529 ) Balance as of September 30, 2023 $ 637,446 $ 1,353,157 $ 1,990,603 Merchant Solutions Digital Wallets Total Balance as of December 31, 2021 $ 1,796,591 $ 1,853,446 $ 3,650,037 Additions during the period (1) - 284,239 284,239 Purchase price accounting adjustments (2) - ( 2,350 ) ( 2,350 ) Impairment ( 1,159,145 ) ( 723,042 ) ( 1,882,187 ) Foreign exchange - ( 104,858 ) ( 104,858 ) Balance as of September 30, 2022 $ 637,446 $ 1,307,435 $ 1,944,881 (1) Additions to goodwill within the Digital Wallet segment related to the acquisition of SafetyPay. (2) Purchase price adjustments relate to changes in estimates of certain assets or liabilities acquired in business combinations that were completed within one year prior to September 30, 2022. The Company performs its annual goodwill impairment test for all reporting units as of October 1st, or when events and circumstances have occurred that would indicate the carrying amount of goodwill exceeds its fair value. No such events or circumstances were identified as of September 30, 2023. However, we have performed our annual goodwill impairment test as of October 1st, which did not result in impairment. We performed our goodwill impairment test using a weighting of both market and income approaches. The market approach was based on guideline comparable companies and the key assumptions included selected Earnings Before Interest Tax Depreciation and Amortization ("EBITDA") multiples. The income approach was based on a discounted cash flow model and the key assumptions included the discount rate and future cash flows such as long-term growth rates. Selected multiples were determined based on guideline comparable companies’ and discounted based on business-specific considerations. The cash flow forecast, including long term growth rates, considers past experience and future market expectations. Discount rate assumptions are based on determining a cost of debt and equity and an assessment as to whether there are risks not adjusted for in the future cash flows of the respective reporting unit. Failure to achieve the future cash flows, changes in key assumptions or further decline in the stock price may cause a future impairment of goodwill at the reporting unit level. In the prior year, due to a sustained decline in stock price and market capitalization, as well as market and macroeconomic conditions, we concluded that an impairment indicator for goodwill was present in both segments as of September 30, 2022. Based on the goodwill impairment test performed, the Company recognized a goodwill impairment of $ 1,159,145 and $ 723,042 in the Merchant Solutions and Digital Wallets segments, respectively. Accumulated impairment of goodwill as of both September 30, 2023 and December 31, 2022 was $ 1,882,187 .

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	5. Intangible assets The Company’s intangible assets consisted of the following: Gross carrying value September 30, 2023 December 31, 2022 Brands $ 164,315 $ 165,283 Software development costs 845,655 787,492 Customer relationships 1,519,837 1,505,839 Computer software 37,532 38,857 Total 2,567,339 2,497,471 Accumulated amortization Brands 94,758 83,317 Software development costs 542,457 472,791 Customer relationships 714,642 624,756 Computer software 26,860 25,149 Total 1,378,717 1,206,013 Intangible assets, net $ 1,188,622 $ 1,291,458 Amortization expense on intangible assets for the three months ended September 30, 2023 and 2022 , was $ 65,294 and $ 64,578 , respectively. Amortization expense on intangible assets for the nine months ended September 30, 2023 and 2022 was $ 192,451 and $ 194,073 , respectively. During the nine months ended September 30, 2023, we purchased multiple merchant portfolios for a purchase price of $ 27,407 , including contingent consideration, which were accounted for as asset acquisitions. The remaining increase in gross intangible assets during the nine months ended September 30, 2023, relates to software development costs. The Company performs an impairment analysis on intangibles assets with finite lives when events and circumstances have occurred that would indicate the carrying amount of intangible assets may not be recoverable. For the three and nine months ended September 30, 2023, $ 0 and $ 275 of impairment expense was recognized related to software development costs, respectively. For both the three and nine months ended September 30, 2022, $ 4,036 of impairment expense was recognized related to software development costs.

Allowance for Credit Losses

Allowance for Credit Losses	9 Months Ended
	Sep. 30, 2023
Credit Loss [Abstract]
Allowance for Credit Losses	6. Allowance for credit losses The Company has exposure to credit losses for financial assets, including settlement receivables, accounts receivable, and financial guarantee contracts to the extent that a chargeback claim is made against the Company directly or to the Company’s merchants on card purchases. The following table summarizes the expected credit allowance activity for settlement receivables, net; accounts receivable, net; and financial guarantee contracts and other, for the nine months ended September 30, 2023: Accounts Settlement (2) Financial Total Balance at December 31, 2022 10,558 5,398 12,066 28,022 Credit loss expense 11,553 3,631 ( 1,603 ) 13,581 Write-Offs ( 16,654 ) ( 3,785 ) ( 50 ) ( 20,489 ) Other (1) 39 ( 118 ) ( 90 ) ( 169 ) Balance at September 30, 2023 5,496 5,126 10,323 20,945 (1) Other mainly relates to the impact of foreign exchange. (2) During the three and nine months ended September 30, 2023, recoveries / (losses) from freestanding credit enhancements related to Settlement receivables, net were $ 401 and ($ 276 ), respectively, which are recorded in "Selling, general and administrative" in the unaudited condensed consolidated statement of comprehensive income / (loss). Credit loss expense for the three months ended September 30, 2023 and 2022 was $ 5,017 and $ 9,918 , respectively and for the nine months ended September 30, 2023 and 2022 was $ 13,581 and $ 24,792 , respectively. The decrease in credit loss expense was partially due to changes in merchant type as well as a certain credit loss recovery in the current year within the Merchant Solutions segment. Write-offs were $ 20,489 and $ 18,309 for the nine months ended September 30, 2023 and 2022, respectively. The increase in write-offs in the current period was due to an increase in write-off of aged receivables within the Merchant Solutions segment.

Debt

Debt	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Debt	8. Debt The Company's current facilities include the following: (i) $ 305,000 senior secured revolving credit facility (the “Revolving Credit Facility”); (ii) $ 1,018,000 aggregate principal amount senior secured USD first lien term loan facility (the “Term Loan Facility (USD)”)(comprising the original $ 628,000 and incremental $ 390,000 facility); (iii) € 710,000 aggregate principal amount senior secured EUR first lien term loan facility (the “Term Loan Facility (EUR)”) (comprising the original € 435,000 and an incremental € 275,000 facility); and (iv) $ 400,000 aggregate principal amount of USD secured notes and € 435,000 aggregate principal amount of EUR secured notes (“Secured Notes”). The Company has made drawdowns and repayments on the Revolving Credit Facility throughout the year. As of September 30, 2023 and December 31, 2022, $ 49,945 and $ 21,408 , respectively, was outstanding on the Revolving Credit Facility. On April 13, 2023, the Company entered into a debt amendment agreement to replace LIBOR with SOFR, following the Financial Conduct Authority's ("FCA") decision to phase out the use of LIBOR by June 30, 2023. The USD Term Loan Facility and USD Revolving Credit Facility previously bore interest at LIBOR plus margin. This contract modification qualifies for the relief provided in ASU 2021-01. The Company applied the optional expedient in the standard, accounting for the amendment as if the modification was not substantial and thus a continuation of the existing contract, with the change in rate accounted for prospectively. Line of Credit The Company has a Line of Credit of $ 75,000 which is restricted for use in funding settlements in the Merchant Solutions business and is secured against known transactions. As of both September 30, 2023 and December 31, 2022 , the Company had an outstanding balance of $ 75,000 . The key terms of these facilities were as follows: Facility Currency Interest Rate (1) Effective Interest Rate (2) Facility Principal Principal Term Loan Facility (3) USD USD SOFR + 0.11% (4) + 2.75% (0.5% floor) 8.3 % Jun-28 918,489 $ 918,489 Term Loan Facility (5) EUR EURIBOR + 3.00% (0% floor) 6.7 % Jun-28 658,993 696,683 Secured Loan Notes EUR 3.00% 3.2 % Jun-29 421,362 445,461 Secured Loan Notes USD 4.00% 4.2 % Jun-29 345,581 345,581 Revolving Credit Facility USD BASE + 0.10% (4) + 2.25% (0% floor) 7.7 % Dec-27 14,000 14,000 Revolving Credit Facility EUR BASE + 2.25% (0% floor) 6.0 % Dec-27 34,000 35,945 Line of Credit USD Term SOFR (6) + 2.70% 8.1 % Jun-25 75,000 75,000 Total Principal Outstanding $ 2,531,159 (1) For facilities which utilize the EURIBOR and SOFR rates, a rate floor of 0 % and 0.5 % applies, respectively. (2) The effective interest rate is as of September 30, 2023. (3) Represents Term Loan Facility (USD) and USD Incremental Term Loan as defined under the current facilities. (4) Represents a credit spread adjustment to reflect the historical difference between LIBOR and SOFR. (5) Represent Term Loan Facility (EUR) and EUR Incremental Term Loan as defined under the current facilities. (6) The Term Secured Overnight Financing Rate ("Term SOFR") is the forward-looking term rate based on the SOFR. The Term SOFR is administered by the CME Group Benchmark Association Limited. September 30, 2023 December 31, 2022 Principal Outstanding $ 2,531,159 $ 2,658,023 Unamortized debt issuance cost ( 16,471 ) ( 14,564 ) Total 2,514,688 2,643,459 Short-term debt 10,190 10,190 Non-current debt $ 2,504,498 $ 2,633,269 For the three months ended September 30, 2023 and 2022, interest expense, including amortization of deferred debt issuance cost, was $ 38,421 and $ 34,631 , respectively. For the nine months ended September 30, 2023 and 2022, interest expense, including amortization of deferred debt issuance cost, was $ 112,639 and $ 89,013 , respectively. The Company also paid debt issuance costs of $ 6,261 during the nine months ended September 30, 2022, predominantly related to the USD Incremental Term Loan drawn down in connection with the SafetyPay acquisition. Maturity requirements on debt as of September 30, 2023 by year are as follows: Remainder 2023 $ 2,547 2024 10,190 2025 85,190 2026 10,190 2027 60,135 2028 1,571,865 2029 and thereafter 791,042 Total $ 2,531,159 During the nine months ended September 30, 2023, the Company made mandatory principal payments of $ 7,642 under its Term Loan Facility. In addition, the Company repurchased $ 24,837 of Secured Loan Notes and $ 109,139 under the Term Loan Facility during the nine months ended September 30, 2023. This resulted in a gain on repurchase of $ 1,680 and $ 9,632 , recognized within "Other income, net" within the unaudited condensed consolidated statements of comprehensive income / (loss) for the three and nine months ended September 30, 2023, respectively. As of September 30, 2023, we have committed to future repurchases of $ 3,738 , which have a face value of $ 4,080 . During the nine months ended September 30, 2022, the Company made principal payments of $ 17,076 under its Term Loan Facility, inclusive of voluntary prepayments of $ 9,434 . In addition, the Company repurchased $ 41,117 of Secured Notes, resulting in a gain on repurchase of $ 6,760 and $ 9,752 recognized within "Other income, net" within the unaudited condensed consolidated statement of comprehensive income / (loss) for the three and nine months ended September 30, 2022, respectively. Compliance with Covenants The Company’s facilities as described above contain affirmative, restrictive and incurrence-based covenants, including, among others, financial covenants based on the Company’s leverage and Revolving Credit Facility utilization, as defined in the debt agreement. The financial covenants under the facilities require the Company to test its Consolidated First Lien Debt Ratio if the principal amount of the Revolving Credit Facility, less any cash and cash equivalents, at the reporting date exceeds 40 % of the total Revolving Credit Facility Commitment. If the Revolving Credit Facility utilization is greater than 40 % at the reporting date, there is an additional requirement that the Consolidated First Lien Debt Ratio is not permitted to exceed 7.5 to 1.0. The Consolidated First Lien Debt Ratio is the ratio of (a) consolidated senior secured net debt of the Company and restricted subsidiaries as of the last day of such relevant period to (b) Last Twelve Months ("LTM") EBITDA, as defined in the Senior Credit Facility, of the Company and the restricted subsidiaries for the relevant period. The Company was in compliance with its covenants as of the date of issuance of these financial statements. Letters of Credit As of September 30, 2023 and December 31, 2022 , the Company had issued approximately $ 120,292 and $ 121,960 , letters of credit, respectively, for use in the ordinary course of business.

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	7. Derivative Instruments In the prior year, the Company entered into a derivative financial instrument arrangement to manage its interest rate risk related to its variable rate Term Loan Facility. The Company’s derivative instrument consists of an interest rate swap, which mitigates the exposure to the variable-rate debt by effectively converting the floating-rate payments to fixed-rate payments. The interest rate swap is measured at fair value and not designated as a hedge for accounting purposes; as such, any fair value changes are recorded in “Other income, net” in the unaudited condensed consolidated statement of comprehensive income / (loss) in the respective period of the change. As of September 30, 2023 and December 31, 2022, the Company’s interest rate swap had a notional amount of $ 321,168 and $ 367,490 , respectively and fair value of $ 16,053 and $ 17,321 , respectively, which was recorded as a “Derivative financial asset” in the unaudited condensed consolidated statements of financial position. The Company recognized a fair value (loss) / gain for the three months ended September 30, 2023 and 2022 of ($ 682 ) and $ 9,360 , respectively, related to its interest rate contracts. The Company recognized a fair value (loss) / gain for the nine months ended September 30, 2023 and 2022 of ($ 1,268 ) and $ 18,148 , respectively, related to its interest rate contracts. The interest rate swap matures on March 31, 2026. During the quarter ended September 30, 2023, the reference rate index for the Company’s derivative financial instrument converted from LIBOR to the term SOFR reference rate administered by CME Group Benchmark Administration Limited (“SOFR”). For further information regarding the fair value of the derivative instruments see discussion in Note 11.

Contingent and Deferred Conside

Contingent and Deferred Consideration Payable	9 Months Ended
	Sep. 30, 2023
Contingent And Deferred Consideration Payable [Abstract]
Contingent and Deferred Consideration Payable	9. Contingent and deferred consideration payable Contingent and deferred consideration payable is comprised of the following balances: Balance at December 31, 2022 $ 27,146 Payments made during the period ( 9,210 ) Additions in the period 658 Fair value loss and other 423 Balance at September 30, 2023 $ 19,017 Current $ 10,639 Non-current $ 8,378 During the nine months ended September 30, 2023, t he Company paid $ 9,210 of the contingent consideration payable related to a prior period acquisition. The contingent and deferred consideration of $ 19,017 is classified as a liability on the unaudited condensed consolidated statement of financial position, of which $ 8,378 is non-current. This contingent consideration arose as part of the consideration of merchant buyouts, as well as prior year acquisitions, and is payable in cash subject to the future financial performance of the acquisitions. In the current year, a n amendment was entered into related to the contingent consideration associated with a prior period acquisition. This amendment did not change the expected payments to be made in future periods and the remaining contingent consideration was accrued at the maximum amount as of September 30, 2023.

Share-based Compensation

Share-based Compensation	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Share-based payments	10. Share-based Compensation The Company operates two share-based employee compensation plans: the 2018 Pi Jersey Topco Limited Plan ("2018 Plan") for which a majority of the shares vested upon completion of the Transaction and the 2021 Omnibus Incentive Plan ("2021 Plan"). The 2021 Plan serves as the successor to the 2018 Plan. The 2021 Plan became effective as of March 30, 2021 upon closing of the Transaction. Outstanding awards under the 2018 Plan continue to be subject to the terms and conditions of the 2018 Plan. No additional awards are expected to be granted in the future under the 2018 Plan. Share based compensation expense recognized during the three months ended September 30, 2023 and 2022 under both plans was $ 4,938 and $ 13,542 , respectively. Share based compensation expense recognized during the nine months ended September 30, 2023 and 2022 under both plans was $ 23,061 and $ 45,248 , respectively. As of September 30, 2023, unrecognized stock-based compensation expense was $ 55,043 . 2021 Omnibus Incentive Plan (“2021 Plan”) There are 10,580,754 share s authorized for award under the 2021 Plan. Under the 2021 Plan, restricted stock units (“RSUs”) that have a service condition only, generally vest ratably over three years. Performance restricted stock units (“PRSUs”) generally vest at the end of one to three years . The number of PRSUs that vest is variable depending upon the probability of achievement of certain internal performance targets and may vest between 0 % and 200 % of the target share amount. We did not record compensation expense for certain PRSUs during the three and nine months ended September 30, 2023 as the performance criteria for such awards were not expected to be achieved and the ultimate vesting of the awards was not probable as of such date. Certain PRSUs were granted in the prior year which were liability-classified share-based payment awards under ASC 718 as the value of the award was fixed and would be settled in a variable number of shares. These awards were settled during the nine months ending September 30, 2023 which resulted in conversion of the full liability to additional paid in capital in the unaudited condensed consolidated statement of shareholder's equity. This conversion of $ 6,276 represents a non-cash investing and financing activity within the unaudited condensed consolidated statement of cash flow. The following table summarizes restricted stock unit activity during the nine months ended September 30, 2023. Restricted Stock Units Weighted average grant date fair value Nonvested as of December 31, 2022 2,859,385 45.95 Granted (1) 2,007,475 16.54 Vested (2) ( 1,326,243 ) 32.91 Forfeited ( 625,158 ) 43.60 Performance adjustments (3) 75,183 n/a Nonvested as of September 30, 2023 2,990,642 $ 28.10 (1) Represents RSUs and PRSUs granted based on performance target achievement of 100 % . (2) Represents the number of shares vested and distributed during the period. The total grant date fair value of units vested was $43,983. (3) Represents the adjustment to the number of PRSUs distributed based on actual performance compared to target. Stock options There were no stock options granted during the three and nine months ended September 30, 2023. There are 166,666 stock options outstanding as of September 30, 2023 which were granted in the prior year, of which 55,554 are exercisable. The exercise price of each option is based on either one or two times the fair market value of the Company’s stock at the date of grant. The options have a contractual ten-year life and vest annually in equal increments over three years. Share based compensation liability (2018 Plan) Certain employee equity-based awards were modified in conjunction with the Transaction. Their settlement terms changed such that instead of Topco's shares, the awardees received Paysafe Limited common shares as well as Topco’s shares. The modification resulted in a change in the classification of the modified awards, with the Topco shares being accounted for as a liability-classified share-based payment award under ASC 718 as they will be settled in cash. The corresponding liability was measured at fair value at the modification date (i.e. the Transaction date), and subsequently it will be remeasured at fair value at each reporting date, with changes in its value reported as share-based compensation expense. The awards settled in Paysafe Limited common shares continue to be accounted for as equity-based awards. As of September 30, 2023 and December 31, 2022, the share-based compensation liability was $ 5,470 and $ 9,237 , respectively, which is classified as a current or non-current liability within the unaudited condensed consolidated statements of financial position based on the expected timing of the redemption of shares. During the nine months ended September 30, 2023, the liability decreased by $ 3,707 related to the redemption of shares with the remainder of the decrease related to fair value gain. The redemption is recorded as a contribution from Topco in the unaudited condensed consolidated statement of shareholder's equity. This redemption represents a non-cash investing and financing activity within the unaudited condensed consolidated statement of cash flow. Employee Share Purchase Plan Beginning April 1, 2023, employees became eligible to contribute to the Company’s Employee Share Purchase Plan (the “Purchase Plan”). The Purchase Plan is not intended to be an employee benefit plan under the Employee Retirement Income Security Act of 1974, as amended, nor qualify as an “employee stock purchase plan” under Section 423 of the Internal Revenue Code. Under the Purchase Plan, eligible employees may designate from one percent to fifteen percent of their compensation to be withheld for the purchase of PSFE shares on the open market at the market price of the shares at the end of each six-month offering period. The offering periods begin on April 1 and October 1 of each year. The Company grants each participating employee one restricted stock unit for each four PSFE shares that are purchased on the last day of the offering period (“Match RSU Award”). The Match RSU Award cliff vests one year from the last day of the offering period, subject to the employee’s continued employment at the vesting date. The fair value of the Match RSU Award is recognized on a straight-line basis over the vesting period. The maximum number of shares of common stock authorized under this Plan for participant contributions and Match RSU Awards is 2,083,333 . Preference Shares We have authorized 233,333,333 shares in the Co mpany that have not yet been issued, the rights and restrictions attached to which are not defined by the Company bylaws. Pursuant to the Company bylaws, preference shares may be issued by the Company from time to time, and the Company Board is authorized (without any requirement for further shareholder action) to determine the rights, preferences, powers, qualifications, limitations and restrictions attached to those shares.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	11. Fair Value Measurements The Company uses the hierarchy prescribed in ASC 820, Fair Value Measurements, for fair value measurements, based on the available inputs to the valuation and the degree to which they are observable or not observable in the market. The three levels of the hierarchy are as follows: • Level 1 Inputs—Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date, • Level 2 Inputs—Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability if it has a specified or contractual term, and • Level 3 Inputs—Unobservable inputs for the asset or liability used to measure fair value allowing for inputs reflecting the Company’s assumptions about what other market participants would use in pricing the asset or liability, including assumptions about risk. The fair value hierarchy of financial instruments measured at fair value as of September 30, 2023 is provided below. Level 1 Level 2 Level 3 Financial assets measured at fair value: Derivative financial asset - 16,053 - $ — 16,053 $ — Financial liabilities measured at fair value: Contingent consideration payable - - 19,017 Warrant liabilities (1) 2,264 - - Liability for share-based compensation (2) - - 5,470 $ 2,264 $ - $ 24,487 The fair value hierarchy of financial instruments measured at fair value as of December 31, 2022 is provided below. Level 1 Level 2 Level 3 Financial assets measured at fair value: Derivative financial asset - 17,321 - $ — 17,321 $ — Financial liabilities measured at fair value: Contingent consideration payable - - 27,146 Warrant liabilities (1) 3,094 - - Liability for share-based compensation (2) - - 16,342 $ 3,094 $ - $ 43,488 (1) The Wa rrants represent the right to purchase one share of the Company’s common shares at a price of $ 138.00 per share. The Warrants became exercisable on August 21, 2021 and will expire on the fifth anniversary of the Transaction, or upon an earlier redemption. As of September 30, 2023 and December 31, 2022, 53,900,329 and 53,900,725 warrants were outstanding, respectively, all of which were considered public warrants. (2) For the year ended December 31, 2022, the liability for share-based compensation relates to the share-based compensation awards modified in connection with the Transaction and certain performance awards to be issued in a variable number of shares. As of September 30, 2023, the remaining liability only relates to share-based compensation awards modified in connection with the Transaction as the performance awards were settled (Note 10). There were no transfers between levels during the nine months ended September 30, 2023 and 2022. A reconciliation of the movements in level 3 financial instruments in the period are described in Note 9 and 10. The valuation techniques and significant unobservable inputs used in determining the fair value measurement of Level 3 financial instruments is set out in the table below. Other than this input, a reasonably possible change in one or more of the unobservable inputs listed below would not materially change the fair value of financial instruments listed below. Financial instrument Valuation technique used Significant unobservable inputs Contingent consideration payable Discounted cashflow Discount rate of 7.5 % Liability for share-based compensation Market and income approach Discount rate of 16.5 % The Company considers that the carrying value of cash and cash equivalents, customer accounts and other restricted cash, accounts receivable, settlement receivables, prepaid expenses and other assets, accounts payable and accrued expenses, and liabilities to customers and merchants approximate fair value given the short-term nature of these items. At September 30, 2023 , the carrying amount of our debt approximated fair value (a Level 2 measurement) based on market yields for similar debt facilities and observable trading data related to the Company’s debt securities.

Commitments, Contingencies and

Commitments, Contingencies and Guarantees	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments Contingencies and Guarantees	12. Commitments, Contingencies and Guarantees Litigation provision Through the normal course of the Company’s business, the Company is subject to a number of litigation proceedings both brought against and brought by the Company. The Company maintains liabilities for losses from legal actions that are recorded when they are determined to be both probable in their occurrence and can be reasonably estimated. On this basis, we have recognized a provision of $ 2,200 as of September 30, 2023 and $ 10,300 as of December 31, 2022, related to certain litigation proceedings. The decrease in the provision is related to a settlement during the nine months ended September 30, 2023. This amount is presented within “Accounts payable and other liabilities” in the Company’s unaudited condensed consolidated statements of financial position. On December 10, 2021, a class action complaint, Lisa Wiley v Paysafe Limited was filed, naming among others the Company, our former Chief Executive Officer, and our former Chief Financial Officer, as defendants. The complaint asserts claims, purportedly brought on behalf of a class of shareholders, under Sections 10(b) of the Exchange Act, and Rule 10b-5 promulgated thereunder, and alleges that the Company and individual defendants made false and misleading statements to the market. In addition, the complaint asserts claims against the individual defendants, under Sections 20(a) of the Exchange Act, alleging that the individual defendants misled the public. On January 21, 2022, a related complaint was brought in the Southern District of New York, which named additional defendants. In May 2022, the securities cases were consolidated into a single matter now captioned In Re: Paysafe Ltd. Securities Litigation . The complaints seek unspecified damages and an award of costs and expenses, including reasonable attorneys’ fees, on behalf of a purported class of purchasers of our ordinary shares between December 7, 2020, and November 10, 2021. The Company intends to vigorously defend against the foregoing complaints. At this time, the Company is unable to estimate the potential loss or range of loss, if any, associated with these lawsuits, which could be material. In November 2020, we discovered that we were the target of a potential cyber security incident that involved an outside actor attempting to exploit a potential vulnerability residing in a web application used by part of our U.S. business. As a result of our investigation, we identified evidence of suspicious activity in the web application that potentially impacted approximately 91,000 merchants and agents. As of September 30, 2023, we believe we have identified and addressed any potentially impacted merchant or agent. A lawsuit was filed relating to this incident, and a preliminary settlement was reached with plaintiffs. The Company vigorously defends its position on all open cases. While the Company considers a material outflow for any one individual case unlikely, it is noted that there is uncertainty over the final timing and amount of any potential settlements. Management believes the disposition of all claims currently pending, including potential losses from claims that may exceed the liabilities recorded, and claims for loss contingencies that are considered reasonably possible to occur, will not have a material effect, either individually or in the aggregate, on the Company's consolidated financial condition, results of operations or liquidity. Financial guarantee contracts Through services offered in our Merchant Solutions segment, the Company is exposed to potential losses from merchant-related liabilities, including chargebacks. A chargeback occurs when a dispute between a cardholder and a merchant, including a claim for non-delivery of the product or service by the merchant, is not resolved in favor of the merchant and the transaction is charged back to the merchant resulting in a refund of the purchase price to the cardholder. If the Company is unable to collect this chargeback amount from the merchant due to closure, bankruptcy or other reasons, the Company bears the loss for the refund paid to the cardholder. The risk of chargebacks is typically greater for those merchants that promise future delivery of goods and services rather than delivering goods or rendering services at the time of payment. The Company has recorded an allowance for current expected credit losses on financial guarantees as of September 30, 2023 and December 31, 2022 (See Note 6). As of September 30, 2023, $ 24,400 of cash held in reserve at a partner bank for certain merchant chargebacks, fees and other liabilities is presented within "Prepaid expenses and other current assets" in the unaudited condensed consolidated statement of financial position. This cash is restricted from use until it is replaced with a letter of credit, or the related merchant agreement is terminated. This cash outflow is presented as an investing activity within the unaudited condensed consolidated statement of cash flows. Contingencies Following an internal review of the disclosures in our terms and conditions of foreign exchange rates in our Digital Wallets business for the period January 2018 to August 2022, and pursuant to discussions with our regulator that were initiated by us and concluded in September 2022, we agreed to provide payments to certain customers. There was no additional provision recorded for three and nine months ended September 30, 2023 and the remaining accrual at September 30, 2023 and December 31, 2022 was $ 3,342 and $ 18,502 , respectively. The Company does not expect any additional liability or impact to our ongoing operating results in relation to this matter.

Other income, net

Other income, net	9 Months Ended
	Sep. 30, 2023
Other Income and Expenses [Abstract]
Other income, net	13. Other income, net A summary of Other income, net is as follows: For the three months ended September 30, For the nine months ended September 30, 2023 2022 2023 2022 Foreign exchange gain / (loss) $ 4,460 $ 20,680 $ ( 244 ) $ 57,304 Fair value (loss) / gain on contingent consideration ( 220 ) 147 ( 620 ) ( 7,742 ) Fair value (loss) / gain on derivative instruments ( 682 ) 9,360 ( 1,268 ) 18,148 Fair value gain on warrant liability (1) 313 6,435 830 27,489 Gain on debt repurchases 1,680 6,760 9,632 9,752 Other, net (2) 4,110 ( 5,152 ) 11,254 ( 7,088 ) Other income, net $ 9,661 $ 38,230 $ 19,584 $ 97,863 (1) The Company accounts for warrants as derivative liabilities. The warrants were initially recorded at fair value based on the public warrants listed trading price and are subsequently remeasured at the balance sheet date with the changes in fair value recognized in the unaudited condensed consolidated statement of comprehensive loss. (2) Mainly relates to payments and receipts on derivatives as well as certain banking fees.

Operating Segments

Operating Segments	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Operating Segments	14. Operating segments Operating segments are defined as components of an enterprise that engage in business activities and for which discrete financial information is available that is evaluated on a regular basis by the CODM to make decisions about how to allocate resources and assess performance. In the prior year, we revised our reportable segments as a result of a change in our CODM and how our CODM regularly reviews financial information to allocate resources and assess performance. Our CODM is defined as our Chief Executive Officer (“CEO”), Chief Financial Officer (“CFO”), and Chief Operating Officer (“COO”). Our new operating segments, which align with our reportable segments, are: Merchant Solutions, which focuses on card not present and card present solutions for small to medium size business merchants; Digital Wallets, which provides wallet based online payment solutions through our Skrill and NETELLER brands; and also enables consumers to use cash to facilitate online purchases through paysafecard prepaid vouchers under the paysafecard and Paysafecash brands. These two operating segments, which are also reportable segments, as they have not been aggregated, are based on how the Company is organized, reflecting the difference in nature of the products and services they each sell. Shared costs are the cost of people and other resources consumed in activities that provide a benefit across more than one segment. Shared costs are allocated to each segment and Corporate primarily based on applicable drivers including headcount, revenue and Adjusted EBITDA. The prior year segment information has been recast to reflect this change. The CODM evaluates performance and allocates resources based on Adjusted EBITDA of each operating segment. Adjusted EBITDA of each operating segment includes the revenues of the segment less ordinary operating expenses that are directly related to those revenues and an allocation of shared costs. Corporate overhead costs and Corporate’s allocation of shared costs are included in Corporate in the following table. Corporate overhead costs are costs consumed in the execution of corporate activities that are not directly factored into the production of any service provided by the Company’s segments. The CODM does not receive segment asset data to evaluate performance or allocate resources and therefore such information is not presented. The information below summarizes revenue and Adjusted EBITDA by segment for the three months ended September 30, 2023: Merchant Solutions Digital Wallets Corporate (1) Intersegment Total Revenue from external customers $ 213,106 $ 172,317 $ — $ — $ 385,423 Interest Revenue 449 10,538 — — 10,987 Intersegment Revenue (2) 3,292 — — ( 3,292 ) — Total Revenue $ 216,847 $ 182,855 $ — $ ( 3,292 ) $ 396,410 Adjusted EBITDA $ 57,467 $ 79,930 $ ( 21,321 ) $ 116,076 The information below summarizes revenue and Adjusted EBITDA by segment for the three months ended September 30, 2022: Merchant Solutions Digital Wallets Corporate (1) Intersegment Total Revenue from external customers $ 202,949 $ 161,594 $ — $ — $ 364,543 Interest Revenue 47 1,398 — — 1,445 Intersegment Revenue (2) 737 — — ( 737 ) — Total Revenue $ 203,733 $ 162,992 $ — $ ( 737 ) $ 365,988 Adjusted EBITDA $ 45,631 $ 68,142 $ ( 18,303 ) $ — $ 95,470 The information below summarizes revenue and Adjusted EBITDA by segment for the nine months ended September 30, 2023: Merchant Solutions Digital Wallets Corporate (1) Intersegment Total Revenue from external customers $ 642,001 $ 515,976 $ — $ — $ 1,157,977 Interest Revenue 1,214 27,406 — — 28,620 Intersegment Revenue (2) 7,851 — — ( 7,851 ) — Total Revenue $ 651,066 $ 543,382 $ — $ ( 7,851 ) $ 1,186,597 Adjusted EBITDA $ 165,572 $ 236,350 $ ( 65,000 ) $ 336,922 The information below summarizes revenue and Adjusted EBITDA by segment for the nine months ended September 30, 2022: Merchant Solutions Digital Wallets Corporate (1) Intersegment Total Revenue from external customers $ 603,468 $ 506,984 $ — $ — $ 1,110,452 Interest Revenue 77 2,040 — — 2,117 Intersegment Revenue (2) 5,303 — — ( 5,303 ) — Total Revenue 608,848 509,024 — ( 5,303 ) 1,112,569 Adjusted EBITDA $ 149,282 $ 212,286 $ ( 59,178 ) $ — $ 302,390 (1) Corporate consists of corporate overhead and unallocated shared costs of people and other resources consumed in activities that provide a benefit across the Company. (2) Intersegment revenue and related eliminations are primarily for processing of credit card transactions between segments. A reconciliation of total segments Adjusted EBITDA to the Company’s income / (loss) before taxes is as follows: For the three months ended September 30, For the nine months ended September 30, 2023 2022 2023 2022 Segments Adjusted EBITDA 137,397 113,773 401,922 361,568 Corporate costs ( 21,321 ) ( 18,303 ) ( 65,000 ) ( 59,178 ) Depreciation and amortization ( 67,074 ) ( 66,088 ) ( 197,046 ) ( 199,096 ) Share-based compensation ( 4,938 ) ( 13,542 ) ( 23,061 ) ( 45,248 ) Restructuring and other costs ( 835 ) ( 6,443 ) ( 4,165 ) ( 60,636 ) Impairment expense on goodwill and intangible assets — ( 4,036 ) ( 275 ) ( 1,886,223 ) Other income, net 9,661 38,230 19,584 97,863 Loss on disposal of subsidiary and other assets, net — ( 699 ) — ( 1,359 ) Interest expense, net ( 38,421 ) ( 34,631 ) ( 112,639 ) ( 89,013 ) Income / (loss) before taxes $ 14,469 $ 8,261 $ 19,320 $ ( 1,881,322 ) Geographic Information The information below summarizes long-lived assets, net by geographic area: September 30, 2023 December 31, 2022 United States of America 17,766 10,774 United Kingdom 11,840 11,768 Canada 3,801 5,800 Bulgaria 4,862 8,109 Austria 3,943 7,354 All other countries (1) 1,824 3,651 Total long-lived assets, net $ 44,036 $ 47,456 (1) No single country included in the “All other countries” category comprised more than 10 % of total long-lived assets.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
Related party transactions	15. Related party transactions The Company has provided and purchased services to and from various affiliates of certain directors or entities under common control. The dollar amounts related to these related party activities are not significant to our unaudited condensed consolidated financial statements. Intercompany balances and transactions between the Company and its subsidiaries, which are related parties, have been eliminated on consolidation and are not disclosed in this note. During the prior year, the Company entered into a lease with the affiliate of one of our directors. The balance of the right of use asset and lease liability as of September 30, 2023 was $ 3,009 and $ 3,416 , respectively.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Reverse Stock Split ("RSS")	R everse Stock Split ("RSS") On December 12, 2022, we effected a 1-for-12 reverse stock split of our issued and outstanding common stock (the “Reverse Stock Split”). As a result of the Reverse Stock Split, each issued and outstanding share of our common stock, and the per share exercise price of and number of shares of our common stock underlying our outstanding equity awards, were automatically proportionally adjusted based on the 1-for-12 Reverse Stock Split ratio. No fractional shares of common stock were issued in connection with the reverse stock split, and all such fractional interests were rounded up to the nearest whole number. Except as otherwise provided herein, all share and per-share amounts of our common stock, equity awards, warrants and other outstanding equity rights have been adjusted to give effect to the Reverse Stock Split for all periods presented. The Reverse Stock Split amended the par value of our common stock to $ 0.012 per share, but did not modify any voting rights or other terms of our common stock.
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2023 and the comparative financial information for the three and nine months ended September 30, 2022 and for the year ended December 31, 2022 include the accounts of the Company, and its subsidiaries, based upon information of Paysafe Limited. All intercompany transactions have been eliminated in consolidation. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for the fair statement of the Company’s financial position, results of operations and cash flows have been included. These unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and notes required by GAAP for annual financial statements and should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2022 on Form 20-F filed on March 15, 2023. The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reported period. Operating results for the three and nine months ended September 30, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023 or any other interim period.
Disaggregation of Revenue	Disaggregation of Revenue The Company provides payment solutions through two primary lines of business: Merchant Solutions and Digital Wallets. For each primary source of revenue within these business lines, the Company’s main performance obligation is to stand ready to provide payment services to merchants and consumers. Due to the concentration of economic factors, products and services in each of the business lines, the Company has presented disaggregated revenue at the segment level (See Note 14). We do no t have any material contract balances associated with our contracts with customers as of September 30, 2023 and December 31, 2022 . The Company has applied the practical expedient to exclude disclosure of remaining performance obligations, as the Company's contracts typically have a term of one year or less.
Significant accounting policies	Significant accounting policies Effective January 1, 2023, we began to self-insure for certain losses related to United States employee medical and prescription drug benefit claims, a portion of which is paid by employees. We hold specific and aggregate excess loss insurance benefit coverage to limit significant exposure to these claims. Self-insured liabilities and related expenses are based upon actual claims filed and an estimated liability of claims incurred but not reported (“IBNR”). The liabilities are actuarially determined based primarily on our historical claims activity, claims payment patterns, and medical cost trends. In addition, we record receivables for amounts expected to be reimbursed for payments made in excess of stop-loss coverage. The self-insurance liability represents the best estimate of future payments to be made on reported and unreported losses as of September 30, 2023. To the extent actuarial assumptions change and claims experience rates differ from historical rates, our liabilities may change. As of September 30, 2023, the self-insurance liability was not material and no receivables were recorded for payments in excess of our self-insured levels. There have been no material changes in our significant accounting policies during the nine months ended September 30, 2023 except as noted above. A detailed discussion of our significant accounting policies is included within the audited consolidated financial statements for the year ended December 31, 2022 on Form 20-F filed on March 15, 2023.
Recently Adopted Accounting Pronouncements	Recent Accounting Pronouncements Reference Rate Reform In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848), which provides optional expedients and exceptions to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments in this update apply only to contracts, hedging relationships, and other transactions that reference London Inter-bank Offered Rate ("LIBOR") or another reference rate expected to be discontinued because of reference rate reform. The expedients and exceptions provided by the amendments do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging relationships existing as of December 31, 2022 for which an entity has elected certain optional expedients and which are retained through the end of the hedging relationship. The amendments in this update also include a general principle that permits an entity to consider contract modifications due to reference rate reform to be an event that does not require contract remeasurement at the modification date or reassessment of a previous accounting determination. If elected, the optional expedients for contract modifications must be applied consistently for all eligible contracts or eligible transactions within the relevant ASC Topic or Industry Subtopic that contains the guidance that otherwise would be required to be applied. The amendments in this update were effective upon issuance and could be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope, which clarified the scope of ASU 2020-04 indicating that certain optional expedients and exceptions included in ASU 2020-04 are applicable to derivative instruments affected by the market-wide change in interest rates used for discounting, margining, or contract price alignment. Our exposure to LIBOR is limited to our Term Loan Facility (USD), Revolving Credit Facility (USD) and derivative instruments. In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848), which defers the sunset date of Topic 848 from December 31, 2022, to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. The Company has applied the optional expedient in the standard to the debt amendment dated April 13, 2023, and the derivative instrument with the changes in rate accounted for prospectively (See Note 7 and 8). Business Combinations In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. This update improves the accounting for acquired revenue contracts with customers in a business combination by addressing diversity in practice and inconsistency related to 1) recognition of an acquired contract liability and 2) payment terms and their effect on subsequent revenue recognized by the acquirer. This guidance will take effect for public companies with fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022 and is applied prospectively to acquisitions occurring after the effective date. The Company adopted this new guidance effective January 1, 2023. This new guidance did not have an impact on our interim unaudited consolidated financial statements. Supplier Finance Programs In September 2022, the FASB issued ASU No. 2022-04 Liabilities - Supplier Finance Programs. This update enhances transparency about an entity’s use of supplier finance programs. The buyer in a supplier finance program is required to disclose information about the key terms of the program, outstanding confirmed amounts as of the end of the period, a roll-forward of such amounts during each annual period, and a description of where in the financial statements outstanding amounts are presented. The amendments in this update will take effect for public companies with fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022, except for the amendment on roll-forward information which is effective for fiscal years beginning after December 31, 2023. Early adoption is permitted. The Company adopted this new guidance, with the exception of the roll-forward information, effective January 1, 2023. This new guidance did not have a material effect on our consolidated financial statements. As of September 30, 2023, the Company did not have any supplier finance arrangements. Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions In June 2022, the FASB issued ASU 2022-03, which amends Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. This amendment clarifies guidance for fair value measurement of an equity security subject to a contractual sale restriction and establishes new disclosure requirements for such equity securities. This amendment is effective for fiscal years beginning after December 15, 2023 and for interim periods within those fiscal years, with early adoption permitted. This new guidance is not expected to have an impact on our consolidated financial statements.

Net Loss per Share Attributab_2

Net Loss per Share Attributable to the Company (Tables)	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Loss per Share	For the three and nine months ended September 30, 2023 and 2022, we excluded all potentially dilutive restricted stock units, stock options, warrants and LLC units in calculating diluted net loss per share attributable to the Company as the effect was antidilutive. In the fourth quarter of 2022, the Company was notified that 100% of the LLC Units were surrendered by the FTAC Founder and were subsequently canceled. For the three months ended September 30, For the nine months ended September 30, 2023 2022 2023 2022 Numerator Net (loss) / income attributable to the Company - basic $ ( 2,549 ) $ 978 $ ( 8,122 ) $ ( 1,828,944 ) Net (loss) / income attributable to the Company - diluted $ ( 2,549 ) $ 978 $ ( 8,122 ) $ ( 1,828,944 ) Denominator Weighted average shares – basic 61,623,820 60,592,461 61,349,985 60,471,705 Weighted average shares – diluted 61,623,820 60,662,734 61,349,985 60,471,705 Net (loss) / income per share attributable to the Company Basic $ ( 0.04 ) $ 0.02 $ ( 0.13 ) $ ( 30.24 ) Diluted $ ( 0.04 ) $ 0.02 $ ( 0.13 ) $ ( 30.24 )

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill [Abstract]
Schedule of Changes in Carrying Amount of Goodwill	Changes in the carrying amount of goodwill are as follows: Merchant Solutions Digital Wallets Total Balance as of December 31, 2022 $ 637,446 $ 1,361,686 $ 1,999,132 Foreign exchange — ( 8,529 ) ( 8,529 ) Balance as of September 30, 2023 $ 637,446 $ 1,353,157 $ 1,990,603 Merchant Solutions Digital Wallets Total Balance as of December 31, 2021 $ 1,796,591 $ 1,853,446 $ 3,650,037 Additions during the period (1) - 284,239 284,239 Purchase price accounting adjustments (2) - ( 2,350 ) ( 2,350 ) Impairment ( 1,159,145 ) ( 723,042 ) ( 1,882,187 ) Foreign exchange - ( 104,858 ) ( 104,858 ) Balance as of September 30, 2022 $ 637,446 $ 1,307,435 $ 1,944,881 (1) Additions to goodwill within the Digital Wallet segment related to the acquisition of SafetyPay. (2) Purchase price adjustments relate to changes in estimates of certain assets or liabilities acquired in business combinations that were completed within one year prior to September 30, 2022.

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	The Company’s intangible assets consisted of the following: Gross carrying value September 30, 2023 December 31, 2022 Brands $ 164,315 $ 165,283 Software development costs 845,655 787,492 Customer relationships 1,519,837 1,505,839 Computer software 37,532 38,857 Total 2,567,339 2,497,471 Accumulated amortization Brands 94,758 83,317 Software development costs 542,457 472,791 Customer relationships 714,642 624,756 Computer software 26,860 25,149 Total 1,378,717 1,206,013 Intangible assets, net $ 1,188,622 $ 1,291,458

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	9 Months Ended
	Sep. 30, 2023
Credit Loss [Abstract]
Summary of Expected Credit Allowance Activity	The following table summarizes the expected credit allowance activity for settlement receivables, net; accounts receivable, net; and financial guarantee contracts and other, for the nine months ended September 30, 2023: Accounts Settlement (2) Financial Total Balance at December 31, 2022 10,558 5,398 12,066 28,022 Credit loss expense 11,553 3,631 ( 1,603 ) 13,581 Write-Offs ( 16,654 ) ( 3,785 ) ( 50 ) ( 20,489 ) Other (1) 39 ( 118 ) ( 90 ) ( 169 ) Balance at September 30, 2023 5,496 5,126 10,323 20,945 (1) Other mainly relates to the impact of foreign exchange. (2) During the three and nine months ended September 30, 2023, recoveries / (losses) from freestanding credit enhancements related to Settlement receivables, net were $ 401 and ($ 276 ), respectively, which are recorded in "Selling, general and administrative" in the unaudited condensed consolidated statement of comprehensive income / (loss).

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The key terms of these facilities were as follows: Facility Currency Interest Rate (1) Effective Interest Rate (2) Facility Principal Principal Term Loan Facility (3) USD USD SOFR + 0.11% (4) + 2.75% (0.5% floor) 8.3 % Jun-28 918,489 $ 918,489 Term Loan Facility (5) EUR EURIBOR + 3.00% (0% floor) 6.7 % Jun-28 658,993 696,683 Secured Loan Notes EUR 3.00% 3.2 % Jun-29 421,362 445,461 Secured Loan Notes USD 4.00% 4.2 % Jun-29 345,581 345,581 Revolving Credit Facility USD BASE + 0.10% (4) + 2.25% (0% floor) 7.7 % Dec-27 14,000 14,000 Revolving Credit Facility EUR BASE + 2.25% (0% floor) 6.0 % Dec-27 34,000 35,945 Line of Credit USD Term SOFR (6) + 2.70% 8.1 % Jun-25 75,000 75,000 Total Principal Outstanding $ 2,531,159 (1) For facilities which utilize the EURIBOR and SOFR rates, a rate floor of 0 % and 0.5 % applies, respectively. (2) The effective interest rate is as of September 30, 2023. (3) Represents Term Loan Facility (USD) and USD Incremental Term Loan as defined under the current facilities. (4) Represents a credit spread adjustment to reflect the historical difference between LIBOR and SOFR. (5) Represent Term Loan Facility (EUR) and EUR Incremental Term Loan as defined under the current facilities. (6) The Term Secured Overnight Financing Rate ("Term SOFR") is the forward-looking term rate based on the SOFR. The Term SOFR is administered by the CME Group Benchmark Association Limited.
Schedule of Long-Term Debt	September 30, 2023 December 31, 2022 Principal Outstanding $ 2,531,159 $ 2,658,023 Unamortized debt issuance cost ( 16,471 ) ( 14,564 ) Total 2,514,688 2,643,459 Short-term debt 10,190 10,190 Non-current debt $ 2,504,498 $ 2,633,269
Schedule of Maturities of Non Current Debt	Maturity requirements on debt as of September 30, 2023 by year are as follows: Remainder 2023 $ 2,547 2024 10,190 2025 85,190 2026 10,190 2027 60,135 2028 1,571,865 2029 and thereafter 791,042 Total $ 2,531,159

Contingent and Deferred Consi_2

Contingent and Deferred Consideration Payable (Tables)	9 Months Ended
	Sep. 30, 2023
Contingent And Deferred Consideration Payable [Abstract]
Schedule of Contingent Consideration Payable	Contingent and deferred consideration payable is comprised of the following balances: Balance at December 31, 2022 $ 27,146 Payments made during the period ( 9,210 ) Additions in the period 658 Fair value loss and other 423 Balance at September 30, 2023 $ 19,017 Current $ 10,639 Non-current $ 8,378

Share-based Compensation (Table

Share-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Summary of Restricted Stock Unit Activity	The following table summarizes restricted stock unit activity during the nine months ended September 30, 2023. Restricted Stock Units Weighted average grant date fair value Nonvested as of December 31, 2022 2,859,385 45.95 Granted (1) 2,007,475 16.54 Vested (2) ( 1,326,243 ) 32.91 Forfeited ( 625,158 ) 43.60 Performance adjustments (3) 75,183 n/a Nonvested as of September 30, 2023 2,990,642 $ 28.10 (1) Represents RSUs and PRSUs granted based on performance target achievement of 100 % . (2) Represents the number of shares vested and distributed during the period. The total grant date fair value of units vested was $43,983. (3) Represents the adjustment to the number of PRSUs distributed based on actual performance compared to target.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value Hierarchy of Financial Instruments	The fair value hierarchy of financial instruments measured at fair value as of September 30, 2023 is provided below. Level 1 Level 2 Level 3 Financial assets measured at fair value: Derivative financial asset - 16,053 - $ — 16,053 $ — Financial liabilities measured at fair value: Contingent consideration payable - - 19,017 Warrant liabilities (1) 2,264 - - Liability for share-based compensation (2) - - 5,470 $ 2,264 $ - $ 24,487 The fair value hierarchy of financial instruments measured at fair value as of December 31, 2022 is provided below. Level 1 Level 2 Level 3 Financial assets measured at fair value: Derivative financial asset - 17,321 - $ — 17,321 $ — Financial liabilities measured at fair value: Contingent consideration payable - - 27,146 Warrant liabilities (1) 3,094 - - Liability for share-based compensation (2) - - 16,342 $ 3,094 $ - $ 43,488 (1) The Wa rrants represent the right to purchase one share of the Company’s common shares at a price of $ 138.00 per share. The Warrants became exercisable on August 21, 2021 and will expire on the fifth anniversary of the Transaction, or upon an earlier redemption. As of September 30, 2023 and December 31, 2022, 53,900,329 and 53,900,725 warrants were outstanding, respectively, all of which were considered public warrants. (2) For the year ended December 31, 2022, the liability for share-based compensation relates to the share-based compensation awards modified in connection with the Transaction and certain performance awards to be issued in a variable number of shares. As of September 30, 2023, the remaining liability only relates to share-based compensation awards modified in connection with the Transaction as the performance awards were settled (Note 10).
Schedule of Fair Value Measurement Inputs and Valuation Techniques	The valuation techniques and significant unobservable inputs used in determining the fair value measurement of Level 3 financial instruments is set out in the table below. Other than this input, a reasonably possible change in one or more of the unobservable inputs listed below would not materially change the fair value of financial instruments listed below. Financial instrument Valuation technique used Significant unobservable inputs Contingent consideration payable Discounted cashflow Discount rate of 7.5 % Liability for share-based compensation Market and income approach Discount rate of 16.5 %

Other income, net (Tables)

Other income, net (Tables)	9 Months Ended
	Sep. 30, 2023
Other Income and Expenses [Abstract]
Schedule of Summary of Other Income / (Expense), Net	A summary of Other income, net is as follows: For the three months ended September 30, For the nine months ended September 30, 2023 2022 2023 2022 Foreign exchange gain / (loss) $ 4,460 $ 20,680 $ ( 244 ) $ 57,304 Fair value (loss) / gain on contingent consideration ( 220 ) 147 ( 620 ) ( 7,742 ) Fair value (loss) / gain on derivative instruments ( 682 ) 9,360 ( 1,268 ) 18,148 Fair value gain on warrant liability (1) 313 6,435 830 27,489 Gain on debt repurchases 1,680 6,760 9,632 9,752 Other, net (2) 4,110 ( 5,152 ) 11,254 ( 7,088 ) Other income, net $ 9,661 $ 38,230 $ 19,584 $ 97,863 (1) The Company accounts for warrants as derivative liabilities. The warrants were initially recorded at fair value based on the public warrants listed trading price and are subsequently remeasured at the balance sheet date with the changes in fair value recognized in the unaudited condensed consolidated statement of comprehensive loss. (2) Mainly relates to payments and receipts on derivatives as well as certain banking fees.

Operating Segments (Tables)

Operating Segments (Tables)	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The information below summarizes revenue and Adjusted EBITDA by segment for the three months ended September 30, 2023: Merchant Solutions Digital Wallets Corporate (1) Intersegment Total Revenue from external customers $ 213,106 $ 172,317 $ — $ — $ 385,423 Interest Revenue 449 10,538 — — 10,987 Intersegment Revenue (2) 3,292 — — ( 3,292 ) — Total Revenue $ 216,847 $ 182,855 $ — $ ( 3,292 ) $ 396,410 Adjusted EBITDA $ 57,467 $ 79,930 $ ( 21,321 ) $ 116,076 The information below summarizes revenue and Adjusted EBITDA by segment for the three months ended September 30, 2022: Merchant Solutions Digital Wallets Corporate (1) Intersegment Total Revenue from external customers $ 202,949 $ 161,594 $ — $ — $ 364,543 Interest Revenue 47 1,398 — — 1,445 Intersegment Revenue (2) 737 — — ( 737 ) — Total Revenue $ 203,733 $ 162,992 $ — $ ( 737 ) $ 365,988 Adjusted EBITDA $ 45,631 $ 68,142 $ ( 18,303 ) $ — $ 95,470 The information below summarizes revenue and Adjusted EBITDA by segment for the nine months ended September 30, 2023: Merchant Solutions Digital Wallets Corporate (1) Intersegment Total Revenue from external customers $ 642,001 $ 515,976 $ — $ — $ 1,157,977 Interest Revenue 1,214 27,406 — — 28,620 Intersegment Revenue (2) 7,851 — — ( 7,851 ) — Total Revenue $ 651,066 $ 543,382 $ — $ ( 7,851 ) $ 1,186,597 Adjusted EBITDA $ 165,572 $ 236,350 $ ( 65,000 ) $ 336,922 The information below summarizes revenue and Adjusted EBITDA by segment for the nine months ended September 30, 2022: Merchant Solutions Digital Wallets Corporate (1) Intersegment Total Revenue from external customers $ 603,468 $ 506,984 $ — $ — $ 1,110,452 Interest Revenue 77 2,040 — — 2,117 Intersegment Revenue (2) 5,303 — — ( 5,303 ) — Total Revenue 608,848 509,024 — ( 5,303 ) 1,112,569 Adjusted EBITDA $ 149,282 $ 212,286 $ ( 59,178 ) $ — $ 302,390 (1) Corporate consists of corporate overhead and unallocated shared costs of people and other resources consumed in activities that provide a benefit across the Company. (2) Intersegment revenue and related eliminations are primarily for processing of credit card transactions between segments.
Schedule of Reconciliation of Adjusted EBITDA From Segments	A reconciliation of total segments Adjusted EBITDA to the Company’s income / (loss) before taxes is as follows: For the three months ended September 30, For the nine months ended September 30, 2023 2022 2023 2022 Segments Adjusted EBITDA 137,397 113,773 401,922 361,568 Corporate costs ( 21,321 ) ( 18,303 ) ( 65,000 ) ( 59,178 ) Depreciation and amortization ( 67,074 ) ( 66,088 ) ( 197,046 ) ( 199,096 ) Share-based compensation ( 4,938 ) ( 13,542 ) ( 23,061 ) ( 45,248 ) Restructuring and other costs ( 835 ) ( 6,443 ) ( 4,165 ) ( 60,636 ) Impairment expense on goodwill and intangible assets — ( 4,036 ) ( 275 ) ( 1,886,223 ) Other income, net 9,661 38,230 19,584 97,863 Loss on disposal of subsidiary and other assets, net — ( 699 ) — ( 1,359 ) Interest expense, net ( 38,421 ) ( 34,631 ) ( 112,639 ) ( 89,013 ) Income / (loss) before taxes $ 14,469 $ 8,261 $ 19,320 $ ( 1,881,322 )
Schedule of long-lived assets, net by geographic area	The information below summarizes long-lived assets, net by geographic area: September 30, 2023 December 31, 2022 United States of America 17,766 10,774 United Kingdom 11,840 11,768 Canada 3,801 5,800 Bulgaria 4,862 8,109 Austria 3,943 7,354 All other countries (1) 1,824 3,651 Total long-lived assets, net $ 44,036 $ 47,456 (1) No single country included in the “All other countries” category comprised more than 10 % of total long-lived assets.

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands			9 Months Ended	12 Months Ended
	Nov. 14, 2023	Dec. 12, 2022	Sep. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Entity Incorporation, Date of Incorporation	Nov. 23, 2020
Stockholders' Equity, Reverse Stock Split		1-for-12
Stock Issued During Period Shares Reverse Stock Splits		0
Contract balance			$ 0	$ 0
Material changes			$ 0
Common stock per share		$ 0.012	$ 0.012	$ 0.012

Net Loss per Share Attributab_3

Net Loss per Share Attributable to the Company - Schedule of Basic and Diluted Net Loss per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Numerator
Net (loss) / income attributable to the Company - basic	$ (2,549)	$ 978	$ (8,122)	$ (1,828,944)
Net (loss) / income attributable to the Company - diluted	$ (2,549)	$ 978	$ (8,122)	$ (1,828,944)
Denominator
Weighted average shares – basic	61,623,820	60,592,461	61,349,985	60,471,705
Weighted average shares – diluted	61,623,820	60,662,734	61,349,985	60,471,705
Net loss per share attributable to the Company
Basic	$ (0.04)	$ 0.02	$ (0.13)	$ (30.24)
Diluted	$ (0.04)	$ 0.02	$ (0.13)	$ (30.24)

Taxation - Additional Informati

Taxation - Additional Information (Details)		3 Months Ended		9 Months Ended
	Apr. 01, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Operating Loss Carryforwards [Line Items]
Effective tax rate		117.60%	88.20%	142%	2.80%
United Kingdom
Operating Loss Carryforwards [Line Items]
Effective Income Tax Rate Weighted Average	23.50%
United Kingdom | Minimum [Member]
Operating Loss Carryforwards [Line Items]
United Kingdom corporate tax rate	19%
United Kingdom | Maximum [Member]
Operating Loss Carryforwards [Line Items]
United Kingdom corporate tax rate	25%

Goodwill - Schedule of Changes

Goodwill - Schedule of Changes in Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands		9 Months Ended		12 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Goodwill [Line Items]
Beginning balance		$ 1,999,132	$ 3,650,037	$ 3,650,037
Additions during the period	[1]		284,239
Purchase price accounting adjustments	[2]		(2,350)
Impairment		1,882,187	1,882,187	1,882,187
Foreign exchange		(8,529)	(104,858)
Ending balance		1,990,603	1,944,881	1,999,132
Merchant Solutions
Goodwill [Line Items]
Beginning balance		637,446	1,796,591	1,796,591
Impairment			(1,159,145)
Foreign exchange		0
Ending balance		637,446	637,446	637,446
Digital Wallets
Goodwill [Line Items]
Beginning balance		1,361,686	1,853,446	1,853,446
Additions during the period	[1]		284,239
Purchase price accounting adjustments	[2]		(2,350)
Impairment			(723,042)
Foreign exchange		(8,529)	(104,858)
Ending balance		$ 1,353,157	$ 1,307,435	$ 1,361,686
[1] Additions to goodwill within the Digital Wallet segment related to the acquisition of SafetyPay. Purchase price adjustments relate to changes in estimates of certain assets or liabilities acquired in business combinations that were completed within one year prior to September 30, 2022.

Goodwill - Additional Informati

Goodwill - Additional Information (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Goodwill [Line Items]
Goodwill impairment	$ 1,882,187	$ 1,882,187	$ 1,882,187
Merchant Solutions [Member]
Goodwill [Line Items]
Goodwill, Impaired, Accumulated Impairment Loss	1,159,145
Goodwill impairment		(1,159,145)
Digital Wallet Segments [Member]
Goodwill [Line Items]
Goodwill, Impaired, Accumulated Impairment Loss	$ 723,042
Goodwill impairment		$ (723,042)

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Finite Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 2,567,339	$ 2,497,471
Accumulated amortization of intangible assets	1,378,717	1,206,013
Finite-Lived Intangible Assets, Net, Total	1,188,622	1,291,458
Brands [Member]
Finite Lived Intangible Assets [Line Items]
Intangible assets, gross	164,315	165,283
Accumulated amortization of intangible assets	94,758	83,317
Software development costs [Member]
Finite Lived Intangible Assets [Line Items]
Intangible assets, gross	845,655	787,492
Accumulated amortization of intangible assets	542,457	472,791
Customer Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Intangible assets, gross	1,519,837	1,505,839
Accumulated amortization of intangible assets	714,642	624,756
Computer Software [Member]
Finite Lived Intangible Assets [Line Items]
Intangible assets, gross	37,532	38,857
Accumulated amortization of intangible assets	$ 26,860	$ 25,149

Intangible Assets - Additional

Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense on intangible assets	$ 65,294	$ 64,578	$ 192,451	$ 194,073
Total purchase price including deferred consideration			27,407
Loss on intangible of impairment	$ 0	$ 4,036	$ 275	$ 4,036

Allowance for Credit Losses - A

Allowance for Credit Losses - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Financing Receivable Allowance For Credit Losses [Line Items]
credit loss write off			$ 20,489	$ 18,309
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for credit losses increase (decrease)	$ 5,017	$ 9,918	$ 13,581	$ 24,792

Allowance for Credit Losses - S

Allowance for Credit Losses - Summary of Expected Credit Allowance Activity (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	$ 28,022
Credit loss expense	13,581
Write-Offs	(20,489)
Other	(169)	[1]
Ending balance	20,945
Accounts Receivable, Net
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	10,558
Credit loss expense	11,553
Write-Offs	(16,654)
Other	39	[1]
Ending balance	5,496
Settlement Receivables, Net
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	5,398	[2]
Credit loss expense	3,631	[2]
Write-Offs	(3,785)	[2]
Other	(118)	[1],[2]
Ending balance	5,126	[2]
Financial Guarantee Contracts and Other
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	12,066
Credit loss expense	(1,603)
Write-Offs	(50)
Other	(90)	[1]
Ending balance	$ 10,323
[1] Other mainly relates to the impact of foreign exchange. During the three and nine months ended September 30, 2023, recoveries / (losses) from freestanding credit enhancements related to Settlement receivables, net were $ 401 and ($ 276 ), respectively, which are recorded in "Selling, general and administrative" in the unaudited condensed consolidated statement of comprehensive income / (loss).

Allowance for Credit Losses -_2

Allowance for Credit Losses - Summary of Expected Credit Allowance Activity (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Credit Loss [Abstract]
Recoveries (losses) from freestanding credit enhacements	$ 401	$ (276)

Debt - Additional Information (

Debt - Additional Information (Details) € in Thousands, $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)	Sep. 30, 2023 EUR (€)
Debt Instrument [Line Items]
Term loan	$ 628,000		$ 628,000			€ 435,000
Gain on debt repurchases	1,680	$ 6,760	9,632	$ 9,752
Line of credit	75,000		75,000		$ 75,000
Debt issuance costs	16,471		16,471		14,564
Voluntary prepayment			9,434
Interest expense	38,421	34,631	112,639	89,013
Line of Credit [Member]
Debt Instrument [Line Items]
Line of credit	75,000		75,000
Letter of Credit	120,292		$ 120,292		121,960
Credit facility utilization rate for debt covenants, percentage			40%
Secured Notes [Member]
Debt Instrument [Line Items]
Debt instrument, repurchase amount	24,837	41,117	$ 24,837	41,117
Gain on debt repurchases	1,680	$ 6,760	9,632	$ 9,752
Future repurchases amount			3,738
Debt instrument issued	400,000		400,000			435,000
First Lien Term Loan [Member]
Debt Instrument [Line Items]
Aggregate debt amount, borrowed	1,018,000		1,018,000			710,000
Term Loan Facility [Member]
Debt Instrument [Line Items]
Credit facility available balance	4,080		4,080
Debt instrument, principal payment			7,642
Debt instrument, repurchase amount	109,139		109,139
Line of credit facility, amount outstanding			49,945		$ 21,408
New Term Loan Facility [Member]
Debt Instrument [Line Items]
Debt instrument, principal payment			17,076
Senior Secure Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility available balance	305,000		305,000
USD Incremental Term Loan [Member]
Debt Instrument [Line Items]
Term loan	390,000		390,000
Debt issuance costs	$ 6,261		$ 6,261
EUR Incremental Term Loan [Member]
Debt Instrument [Line Items]
Term loan | €						€ 275,000
Letter of Credit [Member]
Debt Instrument [Line Items]
Credit facility utilization rate for debt covenants, percentage			40%
First lien debt ratio, description			First Lien Debt Ratio is not permitted to exceed 7.5 to 1.0.

Debt - Schedule of Long-term De

Debt - Schedule of Long-term Debt Instruments (Details) € in Thousands, $ in Thousands		9 Months Ended
		Sep. 30, 2023 USD ($)	Sep. 30, 2023 EUR (€)	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Principal Outstanding		$ 2,531,159		$ 2,658,023
Term loan facility (USD) [Member] | Facility maturity date June 28
Debt Instrument [Line Items]
Principal Outstanding	[1]	$ 918,489
Term loan facility (USD) [Member] | USD | Facility maturity date June 28
Debt Instrument [Line Items]
Interest rate	[1],[2],[3]	USD SOFR + 0.11%(4) + 2.75% (0.5% floor)
Effective Interest Rate	[1],[4]	8.30%
Facility maturity date	[1]	--06-28
Term Loan Facility (EUR) [Member] | Facility maturity date June 28
Debt Instrument [Line Items]
Principal Outstanding	[5]	$ 696,683	€ 658,993
Term Loan Facility (EUR) [Member] | EUR | Facility maturity date June 28
Debt Instrument [Line Items]
Interest rate	[2],[5]	EURIBOR + 3.00% (0% floor)
Effective Interest Rate	[4],[5]	6.70%
Facility maturity date	[5]	--06-28
Secured Loan Notes (EUR) [Member] | Facility maturity date June 29
Debt Instrument [Line Items]
Principal Outstanding		$ 445,461	421,362
Secured Loan Notes (EUR) [Member] | EUR | Facility maturity date June 29
Debt Instrument [Line Items]
Interest rate	[2]	3.00%
Effective Interest Rate	[4]	3.20%
Facility maturity date		--06-29
Secured Loan Notes (USD) [Member] | Facility maturity date June 29
Debt Instrument [Line Items]
Principal Outstanding		$ 345,581
Secured Loan Notes (USD) [Member] | USD | Facility maturity date June 29
Debt Instrument [Line Items]
Interest rate	[2]	4.00%
Effective Interest Rate	[4]	4.20%
Facility maturity date		--06-29
Revolving Credit Facility (USD) [Member] | Facility maturity date December 27
Debt Instrument [Line Items]
Principal Outstanding		$ 14,000
Revolving Credit Facility (USD) [Member] | USD | Facility maturity date December 27
Debt Instrument [Line Items]
Interest rate	[2],[3]	BASE + 0.10%(4) + 2.25% (0% floor)
Effective Interest Rate	[4]	7.70%
Facility maturity date		--12-27
Revolving Credit Facility (EUR) [Member] | Facility maturity date December 27
Debt Instrument [Line Items]
Principal Outstanding		$ 35,945	€ 34,000
Revolving Credit Facility (EUR) [Member] | EUR | Facility maturity date December 27
Debt Instrument [Line Items]
Interest rate	[2]	BASE + 2.25% (0% floor)
Effective Interest Rate	[4]	6%
Facility maturity date		--12-27
Line of Credit [Member] | Facility maturity date June 25
Debt Instrument [Line Items]
Principal Outstanding		$ 75,000
Line of Credit [Member] | USD | Facility maturity date June 25
Debt Instrument [Line Items]
Interest rate	[2],[6]	Term SOFR (6) + 2.70%
Effective Interest Rate	[4]	8.10%
Facility maturity date		--06-25
[1] Represents Term Loan Facility (USD) and USD Incremental Term Loan as defined under the current facilities. For facilities which utilize the EURIBOR and SOFR rates, a rate floor of 0 % and 0.5 % applies, respectively. Represents a credit spread adjustment to reflect the historical difference between LIBOR and SOFR. The effective interest rate is as of September 30, 2023. Represent Term Loan Facility (EUR) and EUR Incremental Term Loan as defined under the current facilities. The Term Secured Overnight Financing Rate ("Term SOFR") is the forward-looking term rate based on the SOFR. The Term SOFR is administered by the CME Group Benchmark Association Limited.

Debt - Schedule of Long-term _2

Debt - Schedule of Long-term Debt Instruments (Parenthetical) (Details)	Sep. 30, 2023
Euribor Future
Debt Instrument [Line Items]
Facilities interest rate	0%
SOFR [Member]
Debt Instrument [Line Items]
Facilities interest rate	0.50%

Debt - Schedule of Long-Term _3

Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Principal Outstanding	$ 2,531,159	$ 2,658,023
Unamortized debt issuance cost	(16,471)	(14,564)
Total	2,514,688	2,643,459
Short-term debt	10,190	10,190
Non-current debt	$ 2,504,498	$ 2,633,269

Debt - Schedule of Maturities o

Debt - Schedule of Maturities of Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Long-Term Debt, Rolling Maturity [Abstract]
Remainder 2023	$ 2,547
2024	10,190
2025	85,190
2026	10,190
2027	60,135
2028	1,571,865
2029 and thereafter	791,042
Total	$ 2,531,159	$ 2,658,023

Derivative instruments - Additi

Derivative instruments - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Fair value gain (loss) on derivative instruments	$ (682)	$ 9,360	$ (1,268)	$ 18,148
Derivative Notional Amount	321,168		321,168		$ 367,490
Derivative Asset	$ 16,053		$ 16,053		$ 17,321

Contingent and Deferred Consi_3

Contingent and Deferred Consideration Payable - Schedule of Contingent Consideration Payable (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Contingent And Deferred Consideration Payable [Abstract]
Beginning balance	$ 27,146
Payments made during the period	(9,210)
Additions in the period	658
Fair value loss and other	423
Ending balance	19,017
Current	10,639
Non-current	$ 8,378

Contingent and Deferred Consi_4

Contingent and Deferred Consideration Payable - Additional Information (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Contingent And Deferred Consideration Payable [Line Items]
Contingent consideration paid	$ 9,210
Contingent and deferred consideration	19,017
Contingent and deferred consideration payable – non-current	$ 8,378	$ 8,975

Share-based Compensation - Addi

Share-based Compensation - Additional information (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023 USD ($) shares	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) Plan shares	Sep. 30, 2022 USD ($)	Dec. 31, 2021 shares	Dec. 31, 2022 USD ($) shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of share-based employee compensation plans | Plan			2
Liability for share-based compensation - current | $	$ 5,470		$ 5,470			$ 9,237
Share-based compensation | $	$ 4,938	$ 13,542	23,061	$ 45,248
Share-based compensation, unrecognized | $			$ 55,043
Preferred stock, shares authorized	233,333,333		233,333,333
Common Stock, Shares Authorized	1,600,000,000		1,600,000,000			1,600,000,000
Stock options
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Contractual Life			10 years
Share-based payment award, number of shares Granted	0		0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	166,666		166,666
Shares Exercisable	55,554		55,554
Redemption of Shares [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Increase (Decrease) in Deferred Liabilities | $			$ 3,707
2021 Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares authorized					10,580,754
Conversion of liability award to equity | $			6,276
Twenty Eighteen And Twenty Twenty One Plan Member
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation | $	$ 4,938	$ 13,542	$ 23,061	$ 45,248
Minimum | 2021 Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Internal performance targets					0%
Award Vesting Period					1 year
Maximum | Employee Share Purchase Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common Stock, Shares Authorized	2,083,333		2,083,333
Maximum | 2021 Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Internal performance targets					200%
Award Vesting Period					3 years

Share-based Compensation - Summ

Share-based Compensation - Summary of Restricted Stock Unit Activity (Details) - 2021 Plan - Restricted Stock Units (RSUs)	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Ordinary shares, Nonvested Beginning Balance	2,859,385
Ordinary shares, Granted	2,007,475	[1]
Ordinary shares, Vested	(1,326,243)	[2]
Ordinary shares, Forfeited	(625,158)	[3]
Restricted Stock Units, Performance adjustments	75,183
Ordinary shares, Nonvested Ending Balance	2,990,642
Weighted Average Grant Date Fair Value, Outstanding Beginning Balance | $ / shares	$ 45.95
Weighted Average Grant Date Fair Value, Granted | $ / shares	16.54	[1]
Weighted Average Grant Date Fair Value, Vested | $ / shares	32.91	[2]
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	43.6	[3]
Weighted Average Grant Date Fair Value, Outstanding Ending balance | $ / shares	$ 28.1
[1] Represents RSUs and PRSUs granted based on performance target achievement of 100 % Represents the number of shares vested and distributed during the period. The total grant date fair value of units vested was $43,983. Represents the adjustment to the number of PRSUs distributed based on actual performance compared to target.

Share-based Compensation - Su_2

Share-based Compensation - Summary of Restricted Stock Unit Activity ( Parenthetical) (Details)	9 Months Ended
	Sep. 30, 2023
Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Performance target achievement percentage	100%

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value Hierarchy of Financial Instruments (Details) - USD ($) $ in Thousands		Sep. 30, 2023	Dec. 31, 2022
Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total financial assets		$ 0	$ 0
Financial Liabilities Fair Value Disclosure, Total		2,264	3,094
Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total financial assets		16,053	17,321
Financial Liabilities Fair Value Disclosure, Total		0	0
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total financial assets		0	0
Financial Liabilities Fair Value Disclosure, Total		24,487	43,488
Warrant [Member] | Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure, Total	[1]	2,264	3,094
Warrant [Member] | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure, Total	[1]	0	0
Warrant [Member] | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure, Total	[1]	0	0
Liability for Share-Based Compensation | Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure, Total	[2]	0	0
Liability for Share-Based Compensation | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure, Total	[2]	0	0
Liability for Share-Based Compensation | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure, Total	[2]	5,470	16,342
Derivative Financial Instruments, Assets [Member] | Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total financial assets		0	0
Derivative Financial Instruments, Assets [Member] | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total financial assets		16,053	17,321
Derivative Financial Instruments, Assets [Member] | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total financial assets		0	0
Contingent Consideration Payable | Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure, Total		0	0
Contingent Consideration Payable | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure, Total		0	0
Contingent Consideration Payable | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure, Total		$ 19,017	$ 27,146
[1] The Wa rrants represent the right to purchase one share of the Company’s common shares at a price of $ 138.00 per share. The Warrants became exercisable on August 21, 2021 and will expire on the fifth anniversary of the Transaction, or upon an earlier redemption. As of September 30, 2023 and December 31, 2022, 53,900,329 and 53,900,725 warrants were outstanding, respectively, all of which were considered public warrants. For the year ended December 31, 2022, the liability for share-based compensation relates to the share-based compensation awards modified in connection with the Transaction and certain performance awards to be issued in a variable number of shares. As of September 30, 2023, the remaining liability only relates to share-based compensation awards modified in connection with the Transaction as the performance awards were settled (Note 10).

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Fair Value Hierarchy of Financial Instruments (Parenthetical) (Details) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Exercise Price of Warrants	$ 138
Class of Warrant or Right, Outstanding	53,900,329	53,900,725

Fair Value Measurements - Sch_3

Fair Value Measurements - Schedule of Fair Value Measurement Inputs and Valuation Techniques (Details) - Level 3 - Market and income approach - Measurement Input, Discount Rate	Sep. 30, 2023
Liability for Share-Based Compensation
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Measurement input	16.5
Contingent Consideration Payable [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Measurement input	7.5

Commitment, Contingencies and G

Commitment, Contingencies and Guarantees - Additional Information (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Loss Contingencies [Line Items]
Provision for litigation proceedings	$ 2,200	$ 10,300
Cash held in reserve	24,400
Additional provision	$ 3,342	$ 18,502

Other income, net - Schedule of

Other income, net - Schedule of Summary of Other income / (expense), Net (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Other Income and Expenses [Abstract]
Foreign exchange gain / (loss)		$ 4,460	$ 20,680	$ (244)	$ 57,304
Fair value (loss) / gain on contingent consideration		(220)	147	(620)	(7,742)
Fair value (loss) / gain on derivative instruments		(682)	9,360	(1,268)	18,148
Fair value gain on warrant liability	[1]	313	6,435	830	27,489
Gain on debt repurchases		1,680	6,760	9,632	9,752
Other, net	[2]	4,110	(5,152)	11,254	(7,088)
Other income, net		$ 9,661	$ 38,230	$ 19,584	$ 97,863
[1] The Company accounts for warrants as derivative liabilities. The warrants were initially recorded at fair value based on the public warrants listed trading price and are subsequently remeasured at the balance sheet date with the changes in fair value recognized in the unaudited condensed consolidated statement of comprehensive loss. Mainly relates to payments and receipts on derivatives as well as certain banking fees.

Operating Segments - Schedule o

Operating Segments - Schedule of Segment Reporting Information (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Revenue from external customers		$ 385,423	$ 364,543	$ 1,157,977	$ 1,110,452
Interest revenue		10,987	1,445	28,620	2,117
Intersegment Revenue	[1]	0	0	0	0
Revenue		396,410	365,988	1,186,597	1,112,569
Adjusted EBITDA		116,076	95,470	336,922	302,390
Merchant Solutions
Segment Reporting Information [Line Items]
Revenue from external customers		213,106	202,949	642,001	603,468
Interest revenue		449	47	1,214	77
Intersegment Revenue	[1]	3,292	737	7,851	5,303
Revenue		216,847	203,733	651,066	608,848
Adjusted EBITDA		57,467	45,631	165,572	149,282
Digital Wallets
Segment Reporting Information [Line Items]
Revenue from external customers		172,317	161,594	515,976	506,984
Interest revenue		10,538	1,398	27,406	2,040
Intersegment Revenue	[1]	0	0	0	0
Revenue		182,855	162,992	543,382	509,024
Adjusted EBITDA		79,930	68,142	236,350	212,286
Corporate
Segment Reporting Information [Line Items]
Revenue from external customers	[2]	0	0	0	0
Interest revenue	[2]	0	0	0	0
Intersegment Revenue	[1],[2]	0	0	0	0
Revenue	[2]	0	0	0	0
Adjusted EBITDA	[2]	(21,321)	(18,303)	(65,000)	(59,178)
Intersegment
Segment Reporting Information [Line Items]
Revenue from external customers		0	0	0	0
Interest revenue		0	0	0	0
Intersegment Revenue	[1]	(3,292)	(737)	(7,851)	(5,303)
Revenue		$ (3,292)	(737)	$ (7,851)	(5,303)
Adjusted EBITDA			$ 0		$ 0
[1] Intersegment revenue and related eliminations are primarily for processing of credit card transactions between segments. Corporate consists of corporate overhead and unallocated shared costs of people and other resources consumed in activities that provide a benefit across the Company.

Operating Segments - Reconcilia

Operating Segments - Reconciliation Of Revenue From Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting [Abstract]
Segments Adjusted EBITDA	$ 137,397	$ 113,773	$ 401,922	$ 361,568
Corporate costs	(21,321)	(18,303)	(65,000)	(59,178)
Depreciation and amortization	(67,074)	(66,088)	(197,046)	(199,096)
Share-based compensation	(4,938)	(13,542)	(23,061)	(45,248)
Restructuring and other costs	(835)	(6,443)	(4,165)	(60,636)
Impairment expense on goodwill and intangible assets	0	(4,036)	(275)	(1,886,223)
Other income, net	9,661	38,230	19,584	97,863
Loss on disposal of subsidiary and other assets, net	0	(699)	0	(1,359)
Interest expense, net	(38,421)	(34,631)	(112,639)	(89,013)
Income / (loss) before taxes	$ 14,469	$ 8,261	$ 19,320	$ (1,881,322)

Operating Segments - Schedule_2

Operating Segments - Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Area (Details) - USD ($) $ in Thousands		Sep. 30, 2023	Dec. 31, 2022
Long Lived Assets [Line Items]
Total long lived assets		$ 44,036	$ 47,456
United Kingdom
Long Lived Assets [Line Items]
Total long lived assets		11,840	11,768
Canada
Long Lived Assets [Line Items]
Total long lived assets		3,801	5,800
United States of America
Long Lived Assets [Line Items]
Total long lived assets		17,766	10,774
Bulgaria
Long Lived Assets [Line Items]
Total long lived assets		4,862	8,109
Austria
Long Lived Assets [Line Items]
Total long lived assets		3,943	7,354
All Other Countries
Long Lived Assets [Line Items]
Total long lived assets	[1]	$ 1,824	$ 3,651
[1] No single country included in the “All other countries” category comprised more than 10 % of total long-lived assets.

Operating Segments - Schedule_3

Operating Segments - Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical (Parenthetical) (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Total long lived assets | Geographic Risk | All Other Countries
Entity Wide Revenue Major Customer [Line Items]
Concentration risk	10%	10%

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Operating lease right-of-use assets	$ 25,473	$ 35,509
Operating lease liabilities – non-current	20,165	$ 29,913
Directors Member
Related Party Transaction [Line Items]
Operating lease right-of-use assets	3,009
Operating lease liabilities – non-current	$ 3,416