Competitions & Giveaways Accounts

Xace provide IBAN accounts for EUR & USD, and UK Account Number and Sort Code for GBP, with full online access and payment options.

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Manage complete company finances across retailing of competition or prize giveaway websites, from prize purchases to gateway withdrawals

New markets are often unknowns in finance, making opening accounts challenging and causing friction within your own business processes. Working with a payment provider who is sensitive to the needs of your business, while understanding your target markets in detail, will enable greater control over your finances.

Xace was setup in Europe to be friendly to new markets– encouraging business growth by removing barriers to account ownership.

With a compliance team committed to bringing industry specific solutions to business customers across Europe, with decades of gaming expertise in-house, communication of requirements will be clear and relevant to you own needs. Our onboarding process has been developed around the very business you're operating, making the transition from application to account opening a smooth one.

We answer your most complex gaming questions in our gaming FAQ with some account specific FAQs below.

Your account in your name, from IBAN EUR accounts to GBP accounts with FX services.
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Multiple currencies
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GBP
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EUR
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Multiple payment options
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Virtual debit*
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Sepa
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Chaps
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Bacs
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Uk Faster payments

Why Xace for your Raffle?

UK based, a worldwide presence, Xace brings a new world of account options.
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    Competition friendly to legally operating brands
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    Deep industry knowledge, inc gaming regulations
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    EU & UK Support
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    IBAN & UK Accounts
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    Faster Payments, Swift & SEPA
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    Virtual Debit Cards* (for online purchases)

Major payment processors welcome

If you're operating an competition ecommerce platform, you will no doubt be making use of a payment processor or gateway. Many platforms make use of providers who are less well known to high street accounts, making integration and withdrawals particularly difficult. Our knowledge of payment gateways, not only in the giveaway market but across the global gaming market, giving you piece of mind while operating with such providers.

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Removing barriers to accounts across Europe for a new market of competition platforms

Personal Account
Diamond icon
£120
Most Recent
£22.50
Shops ltd
Card icon 1
£65
Dad
Diamond icon
Business Account
Blocks icon
£10,345
Most Recent
£1,345
Biz Dev Ltd
Card icon 1
£734.43
IT Service
Diamond icon
Sliders icon

Why Xace for your Raffle?

Instant switching between separate accounts to keep your business or current account organised
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Manage unlimited accounts
Right icon dark
Push notifications
Right icon dark
Spending alerts
Manage unlimited accounts
Right icon
Push notifications
Right icon
Spending alerts
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Typical account features for business customers

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    Setup Direct Debits for subscriptions

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    Payment gateway friendly

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    Create and store Beneficiaries

Current Account
£10,192.29
Select Beneficiary
Step 1
Michael scott
45### 5673
Diagonal icon
Michael Scott
45### 5673
Diagonal icon
Michael Scott
45### 5673
Diagonal icon
Michael Scott
45### 5673
Your payment
Step 4
Pay
Michael Scott
45### 5673
£10,192.29
01/02/2020
Confirm Payment
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Personal Accounts for Raffles

Playing and taking part in online competitions can be considered gambling by many account providers. At Xace we've taken the time to understand the industry at length, alongside our existing gaming regulation expertise, making a Xace account the most suitable solution for regular players.

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Prize Giveaway Business Accounts

Explore our business accounts and content in more detail, where our commitment to providing the best products to companies like yours. With features from Direct Debits and Virtual Cards to management and compliance teams with significant business and accounting backgrounds ensuring the best possible customer service.

Account & Transaction Fees

Our fee structure depends on the volume and number of transactions processed through the account. Once an initial onboarding process has been completed, an onboarding manager will confirm the exact fee schedule.

Monthly Fee
Gaming Payment Account
£POA joining fee & £250 a month per account
Business Payment Account
£POA joining fee & £250 a month per account
Transaction Fees
Gaming Account
From 0.2%
Business Account
From 0.125%

Am I eligible for a Giveaway account?

Xace are gaming friendly, but we're also attuned to the needs of those operating legally outside of gaming licenses. If you have a legal opinion on your operating standards, this will significantly improve the chances of securing an account.

Featured Article

Gambling Accounts
May 3, 2021
5 min read

Gambling Statistics UK 2021

How big is the UK online gambling sector, who participates in it, and how was it affected by the COVID-19 pandemic? Xace has scraped the data to paint a picture
Xace
Marketing

Latest News

Gambling Banking Alternative
Apr 11, 2022
2 min read

Xace launches instant FX solutions at London’s ICE

iGaming banking alternative Xace has announced its new FX product, spanning 8 major currencies, all within a single IBAN.
Xace
Marketing
Read More
Gambling Banking Alternative
Mar 8, 2022
2 min read

Xace announce multi-currency accounts expanding its payment network to SWIFT

Gaming payment provider Xace are delighted to announce the addition of multi-currency IBANs to their existing product line.
Xace
Marketing
Read More
Gambling Banking Alternative
Jan 12, 2022
2 min read

Julian Buhagiar joins Xace as Non-Executive Director

Xace welcomes leading igaming and fintech investor Julian Buhagiar as non-executive director.
Xace
Marketing
Read More
Gambling Banking Alternative
Dec 17, 2021
5 min read

Xace appoints Chief Banking Officer

Xace has appointed Andria Evripidou as its Chief Banking Officer, further consolidating its position as the leading payment provider for gaming.
Xace
Marketing
Read More
Gambling Banking Alternative
Dec 14, 2021
2 min read

Xace to attend ICE London in April 2022

The Xace team will be a principal exhibitor at ICE London next April 2022! N5-250
Xace
Marketing
Read More

Categories

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Malta

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Esports Payments

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Gambling Accounts

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Online Payments

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Payment Accounts

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iGaming Conferences

SBC Digital Payments (online)
CasinoBeats Slots Festival (online)
Prague Gaming Summit (online)
EGR Portugal Virtual Briefing 2021 (online)
iGaming NEXT: Bright Future (online)

Esports Events

SiGMA Europe
EPL: Season 14 Malta
European Esports Gaming
Malta BOV ePremier League
European Development Championship Season 3

Giveaway account FAQs

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About us

Our entire platform has been built to give our customers a wide range of payment options, across a wide range of sectors.
Read moreArrow orange
Sun icon

Have a question?

We have a dedicated FAQ section, full resources section, and, if that doesn’t answer your question our support team are on hand to help.
Read moreLight blue arrow icon
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For questions relating to active accounts, please log in and access the messaging centre, available 24/7.

Join Xace and simplify the way you manage your money for both business and personal accounts.

Need help? Contact Support

Support

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Heading

Personal Account
Diamond icon
£120
Most Recent
£22.50
Shops ltd
Card icon 1
£65
Dad
Diamond icon
Business Account
Blocks icon
£10,345
Most Recent
£1,345
Biz Dev Ltd
Card icon 1
£734.43
IT Service
Diamond icon
Sliders icon

Heading

Instant switching between separate accounts to keep your business or current account organised
Right icon dark
Manage unlimited accounts
Right icon dark
Push notifications
Right icon dark
Spending alerts
Manage unlimited accounts
Right icon
Push notifications
Right icon
Spending alerts
Dark blue slotOrange slot

Heading

  • Redo icon

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  • Folders icon

    Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

  • Paper clip icon

    Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Current Account
£10,192.29
Select Beneficiary
Step 1
Michael scott
45### 5673
Diagonal icon
Michael Scott
45### 5673
Diagonal icon
Michael Scott
45### 5673
Diagonal icon
Michael Scott
45### 5673
Your payment
Step 4
Pay
Michael Scott
45### 5673
£10,192.29
01/02/2020
Confirm Payment
Dark blue slotLight blue slot

Heading

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Block Quote
Card icon 2Card icon 1
Multiple currencies
Tick icon
GBP
Tick icon
EUR
Card icon 4Card icon 3
Multiple payment options
Tick icon
Virtual debit*
Tick icon
Sepa
Tick icon
Chaps
Tick icon
Bacs
Tick icon
Uk Faster payments

Heading

UK based, a worldwide presence, Xace brings a new world of account options.
  • Global icon orange
    This is some text inside of a div block.
  • Arrow orange
    This is some text inside of a div block.
  • Sun icon
    This is some text inside of a div block.
  • Sliders icon orange
    This is some text inside of a div block.
  • Quantum icon orange
    This is some text inside of a div block.
  • Flag icon organge
    Virtual Debit Cards* (for online purchases)

Heading

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

No items found.
Orange slotBlue slotLight blue slotDark blue slotBlue slot
Paper clip icon

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Blocks icon

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Account & Transaction Fees

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Monthly Fee
Gaming Payment Account
£POA joining fee & £250 a month per account
Business Payment Account
£POA joining fee & £250 a month per account
Transaction Fees
Gaming Account
From 0.2%
Business Account
From 0.125%

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Featured Article

Gambling Accounts
May 3, 2021
5 min read

Gambling Statistics UK 2021

How big is the UK online gambling sector, who participates in it, and how was it affected by the COVID-19 pandemic? Xace has scraped the data to paint a picture
Xace
Marketing

Latest News

Gambling Banking Alternative
Apr 11, 2022
2 min read

Xace launches instant FX solutions at London’s ICE

iGaming banking alternative Xace has announced its new FX product, spanning 8 major currencies, all within a single IBAN.
Xace
Marketing
Read More
Gambling Banking Alternative
Mar 8, 2022
2 min read

Xace announce multi-currency accounts expanding its payment network to SWIFT

Gaming payment provider Xace are delighted to announce the addition of multi-currency IBANs to their existing product line.
Xace
Marketing
Read More
Gambling Banking Alternative
Jan 12, 2022
2 min read

Julian Buhagiar joins Xace as Non-Executive Director

Xace welcomes leading igaming and fintech investor Julian Buhagiar as non-executive director.
Xace
Marketing
Read More
Gambling Banking Alternative
Dec 17, 2021
5 min read

Xace appoints Chief Banking Officer

Xace has appointed Andria Evripidou as its Chief Banking Officer, further consolidating its position as the leading payment provider for gaming.
Xace
Marketing
Read More
Gambling Banking Alternative
Dec 14, 2021
2 min read

Xace to attend ICE London in April 2022

The Xace team will be a principal exhibitor at ICE London next April 2022! N5-250
Xace
Marketing
Read More

Categories

Paper clip icon

Malta

Paper clip icon

Esports Payments

Paper clip icon

Gambling Accounts

Paper clip icon

Online Payments

Paper clip icon

Payment Accounts

Orange slotBlue slotDark blue slotBlue slotLight blue slotOrange slot

Heading

Is Xace based in Malta?

Xace is a UK company, with a presence in Malta for our customers requiring our IBAN accounts there.

Which payment processors does Xace accept payments from?

Xace accept payment processors such as Stripe, Skrill, Neteller, Paysafecard plus many more. If you wish to check your payment processor with us, please contact us.

Do Xace accept payment from Paypal?

Yes Xace accept payments sent from Paypal.

I have a remote team, can I pay them from my Xace account?

Xace accounts facilitate unlimited cross border payments daily. Making payments to remote teams is as easy as making a domestic payment.

Can we pay company subscriptions from a Xace account?

Yes, the account comes with a virtual debit card. This will allow you to pay all your business subscriptions like AWS, Google or other platforms.

We are based in Eastern Europe, can we open an account?

Yes, all European based companies or individuals are welcome to apply. You can obtain all the account benefits and features.

Can I use a Virtual Debit Card with my gambling account?

Yes, Xace Virtual Debit Cards are available for gambling and gaming payment accounts, both GBP and EUR.

My casino has a subsidiary company that processes payments, can I onboard this company?

Yes, Xace are able to review applications from subsidiary companies (paying agents) if they are located in the EEA.

Can I send funds from a payment processor into my Xace account?

Yes, one of the key features of a Xace account is we are happy to accept gambling related payments from payment processors, such as the ones processing Visa, Mastercard, Amex and other debit and credit cards.

I set up an esports company in a different country to where I live, is this ok with Xace?

No problem. Xace have very few country restrictions on where you are located, so long as your company is based in Europe.

My team has players internationally - can I pay their salaries with a Xace account?

Yes, Xace can make payments across Europe, with payments permitted for salaries and other business expenditure. Please check with our customer support for the countries you wish to send to.

Can I pay in UK cheques?

Unfortunately, Xace cannot accept cheques at this time.

Can I download my Xace statements?

Yes, Xace statements can downloaded via csv file (excel) and pdf.

Can I access my Xace account from my phone?

Yes, Xace's web application is fully responsive and optimised for mobile devices.

Is Xace a bank?

No, nor did we set out to be a traditional high street bank! Xace is a Small Payment Institution (and EMD Agent of Modulr FS Ltd).

Can I have multiple accounts / multiple currencies with Xace under the same log in?

Yes, Xace offer a multi-account function. This is particularly useful for businesses with multiple divisions, or for individuals looking to manage their finances. Currently you can open multiple payment accounts in GBP and/or EUR.

Can I open a business account with Xace?

Yes, Xace are happy to accept business applications, with our accounts packed with user-friendly business features. Xace accounts are perfect for corporations, sole traders, freelancers and those self employed.

What currencies do Xace offer?

Xace core account currencies are EUR and GBP - meaning you can make payments in either, or both, of these currencies.

What payment methods do you offer?

With Xace you can send payments via UK Faster Payments, CHAPS or SEPA.

How long does it take to open an account with Xace?

Almost all applications are reviewed within 1 business day for initial acceptability to Xace. After this, a full document request is provided, and the review phase can take around 1 week. Even in cases where the application is complex, your Onboarding Manager will keep you fully informed of the progress.

Who can I speak to about my Xace application?

Each application is designated to a Onboarding Manager who will review the application and keep you fully informed of the progress. The Onboarding Manager will contact you if they need further information.

How do I open an account with Xace?

Visit any of our Apply links and you will be directed to our onboarding section. From here you can fill in the relevant details we need to assess your application.

What are Xace account transaction limits?

Xace can provide payment accounts tailored to your business. During onboarding we will ensure the account works for your business needs.

About us

Our entire platform has been built to give our customers a wide range of payment options, across a wide range of sectors.
Read moreArrow orange
Sun icon

Have a question?

We have a dedicated FAQ section, full resources section, and, if that doesn’t answer your question our support team are on hand to help.
Read moreLight blue arrow icon
Moon icon
For questions relating to active accounts, please log in and access the messaging centre, available 24/7.

Join Xace and simplify the way you manage your money for both business and personal accounts.

Need help? Contact Support

Support
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Need more help? Request a business only call back within 24 hours

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