Setup gaming related direct debits
Download pre-configured transactions & statements
Select & pay chosen beneficiaries
We realise that opening a gambling bank account for an online casino, betting site, or business associated with gambling can be difficult. Additionally, individuals who wish to receive their winnings from gambling sites can face problems with keeping their account open.
Xace was setup and licenced by the FCA in the UK, to be gambling friendly – removing banking barriers that currently exist in the gaming industry.
Xace’s compliance team review a wide range of gambling related businesses daily. We understand the complexities involved and ask specific, tailored questions to assist with on boarding. We pride ourselves on a professional and prompt on boarding process.
Xace is an FCA licenced payment institution,tailored towards Gambling. As with all our accounts, 100% of your funds are safeguarded with either the Bank of England or an EU Bank. We answer your most complex gaming questions in our gaming FAQ with some account specific FAQs below.
Xace provide gambling digital bank accounts in the customer’s name. We do not provide only digital/online wallets.
Receiving funds from gambling payment processors into your bank account is currently a headache for many online iGaming providers, including sales that may come in crypto such as BTC or ETH. Your Xace account will enable these transactions from industry payment gateways.
Receiving winnings from gambling sites has never been easier. We process countless personal banking transactions relating to gambling on a daily basis. We can also issue a virtual debit card, making deposits and withdrawals seamless.
Xace staff have many years’ experience across the gambling industry covering online casinos, betting sites, sports books, poker, gaming software developers and payment gateways. We are licenced to accept a wide range of businesses in the gaming sector.
Our fee structure depends on the volume and number of transactions processed through the account. Once an initial on boarding process has been completed, an on boarding manager will confirm the exact fee schedule.
Xace are gambling friendly - we accept only licenced online gaming websites, casinos and gaming site players with suitable AML & KYC compliance in place. If you wish to discuss your specific eligibility, please apply for our whitelist.