Top 5 Open Banking Payment Initiation Methods for iGaming in the UK
Non-sponsored, Expert Verified and Transparently Ranked 5 Open Banking Payment Initiation Methods for iGaming in the UK
Executive Summary
We analyzed 5 solutions. Top Recommendation: Pay-ins (Omnichannel Payment Solutions) by Nuvei scored highest due to Best for regulated iGaming operators and enterprise retailers needing unified online, in‑app, and in‑store acceptance. One integration enables omnichannel checkout and 700+ payment methods globally [1], while Instant Bank Transfer brings real‑time iGaming deposits and fast payouts via RTP and Visa Direct [2], [3].
At a Glance
Pay-ins (Omnichannel Payment Solutions)byNuvei
Best for: Best for regulated iGaming operators and enterprise retailers needing unified online, in‑app, and in‑store acceptance. One integration enables omnichannel checkout and 700+ payment methods globally [1], while Instant Bank Transfer brings real‑time iGaming deposits and fast payouts via RTP and Visa Direct [2], [3].
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Nuvei
Company Information
Company Overview
Company Details
Contact Information
Trust & Compliance
Key Value Propositions
- Higher sales conversions
- Reduced operational costs
- More markets & payment methods
- Greater flexibility & support
Industries Served
Technical Information
Nuvei offers a comprehensive suite of APIs for payment processing, risk management, and data analytics.
Social Proof
Customer Testimonials
Nuvei’s solutions have transformed our payment processes and improved our customer satisfaction.
Customer Reviews
Trusted By
Case Studies
Air Transat boosts global payment performance with Nuvei
Air Transat
Discover how Air Transat improves approvals, fraud protection, and global payment performance by partnering with Nuvei across its airline and tour operator businesses.
Read Case StudyFeeding America stops chargebacks and streamlines workflows with Nuvei
Feeding America
100% reduction in chargebacks due to Nuvei's effective solutions.
Read Case StudySummary
Pay-ins (Omnichannel Payment Solutions) is Nuvei's comprehensive payment acceptance platform, allowing businesses to integrate and manage multiple payment methods and channels. It is designed for enterprises, marketplaces, banks, processors, fintechs, and SMBs seeking to unify their payment flows and offer customers their preferred payment types, both locally and globally.
Overview
Nuvei's Pay-ins (Omnichannel Payment Solutions) enable businesses to accept virtually every type of payment across all channels—online, in-app, and in-store—through a single, seamless integration. The platform supports cards, bank transfers, wallets, cryptocurrencies, cash-based vouchers, and buy now, pay later options, providing a unified, enterprise-grade payment experience designed to accelerate business growth, boost conversions, and enhance customer satisfaction.
Best For
Best for regulated iGaming operators and enterprise retailers needing unified online, in‑app, and in‑store acceptance. One integration enables omnichannel checkout and 700+ payment methods globally [1], while Instant Bank Transfer brings real‑time iGaming deposits and fast payouts via RTP and Visa Direct [2], [3].
Key Features
- Support for cards (domestic and international), prepaid cards
- Bank transfers: ACH, SEPA, SWIFT, RTP®, SEPA Instant, Faster Payments, Interac, FedNow
- Wallets: PayPal, Skrill, Neteller, VTC, Google Pay, Apple Pay, and more
- Cryptocurrency acceptance (settled in fiat)
- Cash-based vouchers for unbanked consumers
- Buy Now, Pay Later options
- Pay-by-link (hyperlink, SMS, QR code)
- Point of sale (POS) hardware: EMV, contactless, P2PE, PCI compliant
- Cloud, semi-integrated, and fully-integrated POS solutions
- Hosted Payment Page (HPP), Web & Mobile SDK, REST API, and hybrid integration options
- Real-time and instant payments
- Comprehensive fraud and risk management
- Zero chargeback guarantee for certain bank transfer models
- Customizable reporting and analytics dashboard
- Multi-currency and local payment support
Key Benefits
- Accept virtually every type of payment, including local and domestic cards, bank transfers, wallets, cryptocurrencies, cash-based vouchers, and buy now, pay later
- Single omnichannel integration for online, in-app, and in-store payments
- Boost conversion rates and customer satisfaction by offering preferred payment methods
- Lower payment processing costs by bypassing card network charges
- Faster settlement and access to funds
- Comprehensive, transparent reporting and analytics
- Robust security and customizable fraud prevention
- Global reach: 200+ markets, 150 currencies, 720+ alternative payment methods
Who Is It For
- eCommerce platforms
- Marketplaces
- Banks
- Processors
- Large fintechs
- Retailers (in-store and online)
- SMBs
- Developers
- Verticals: automotive, hospitality, online retail, B2B, financial services, government, travel, ISVs, crypto platforms, marketplaces, digital content, gaming
Use Cases
- eCommerce and online retail
- Marketplaces
- Travel & mobility
- Financial services
- Crypto platforms & exchanges
- Digital content & subscriptions
- Video gaming and online gaming
- B2B payments
- Government payments
- Hospitality
- Automotive
- Grocery
- ISVs
- SMBs
Features & Modules
Every payment solution, any scenario
Payment methods
Accept virtually every type of payments, including local and domestic cards that your customers know and trust.
- Cards: domestic and international, prepaid
- Bank Transfers: ACH, SEPA, SWIFT, RTP®, SEPA Instant, etc.
- Wallets: PayPal, Skrill, Neteller, VTC, Google Pay, Apple Pay
- Cryptocurrencies
- Cash-based Vouchers
- Buy Now, Pay Later
Offer innovative omnichannel payments through one simple integration
Integrate your sales channels into a single omnichannel purchase experience, so buying from you is always seamless.
- Embed enterprise-grade payments into your eCommerce platform
- Accept all popular online payment methods and mobile wallets
- Pay-by-link via hyperlink, SMS, or QR code
- Cutting-edge POS hardware for in-person payments
- Cloud, semi-integrated, and fully-integrated POS options
Seamless eCommerce integration
Get up and running fast with integration that works for your business and level of expertise.
- Hosted Payment Page: no coding, built-in PCI compliance
- Web & Mobile SDK: developer-friendly, modular code, built-in PCI compliance
- Simply Connect: hybrid, customizable, no redirects, built-in PCI compliance
- REST API: server-to-server, full control, requires PCI SAQ-D
Point of sale solutions perfected
Fully certified for EMV and contactless with full encryption, point-to-point encryption (P2PE) and compliance with PCI standards.
- Cloud integrated POS
- Semi-integrated POS
- Fully-integrated POS
Available In
Security
- Fully certified for EMV and contactless payments
- Point-to-point encryption (P2PE)
- PCI DSS Level 1 Service Provider compliance
- Customizable fraud prevention and risk management (200+ rules, Smart 3DS Routing, tokenization)
- Zero chargeback guarantee for certain bank transfer models
- Dynamic 3D Secure, 3DS exemption management
- Azure-based infrastructure with ExpressRoute, Azure Firewall, Azure Defender for Cloud, WAF, and multi-region redundancy
Compliance
- PCI DSS Level 1
- EMV certification
- GDPR (implied by EU operations and data protection)
- Local acquiring in 50+ markets
- Licenses and certifications available at https://www.nuvei.com/legal/licences-and-certifications
Trustly
Company Information
Trustly is a simple and fast online banking payments solution that enables consumers and merchants to carry out in and out payments using their bank account.
Company Overview
Company Details
Financial Information
Contact Information
Trust & Compliance
Key Value Propositions
- Direct bank payments
- Enhanced security
- Lower transaction costs
- Faster payment processing
- Consumer insights for better marketing
Technology Stack
Industries Served
Technical Information
Trustly offers a comprehensive API for integrating payment solutions, enabling businesses to connect with a wide range of banks and manage transactions seamlessly.
Social Proof
Customer Testimonials
Trustly is a more secure, direct, easy way to move money. I don’t feel safe using card numbers online.
Initially I thought credit/debit cards would be the best method … but I’ve tilted toward Trustly’s Pay by Bank because it’s faster, easier, and more straightforward.
I was surprised to see how easy I could log into my account versus having to provide my account & routing number. No frustrating moments!
There's an extra layer of security having 2FA go through my bank and Trustly. I know I can trust it. Trust is in the name!
Trustly is very convenient. Because it's connected to my bank, I don't have to initiate a repayment. It happens automatically on the date that I get paid.
Trusted By
Case Studies
From card-dominant to Pay by Bank with Trustly
Top Telecom Company
A Fortune 50 top 3 telecom company used Trustly to flip the script on payments, eliminating $60M+ in interchange costs and increasing conversions in autopay enrollment by 65%.
Read Case StudySocial Links & Discovery
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Keywords
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Summary
Trustly Pay is an open banking payment solution that allows merchants to accept direct account-to-account payments from consumers. It features configurable payment guarantees, a proprietary risk engine, and a fully proprietary technology stack with custom-built bank connectors and APIs. Trustly Pay is designed to deliver measurable business impact by reducing costs, increasing conversion, and enhancing customer relationships.
Overview
Trustly Pay is a flexible, guaranteed payment solution that enables businesses to capture more revenue through direct bank payments, bypassing expensive card networks. It is designed to reduce payment processing costs, increase conversion rates, and improve customer lifetime value by leveraging bank-grade data and a seamless checkout experience.
Best For
Best for licensed gaming operators and subscription or bill‑pay merchants seeking a card‑free alternative. Trustly Pay lowers processing costs by up to 50% and offers configurable payment guarantees via a proprietary risk engine [1], while players get instant deposits/withdrawals and responsible‑gaming controls [2].
Key Features
- Direct account-to-account payments
- Configurable payment guarantee (full, partial, none)
- Proprietary risk engine for real-time transaction control
- Custom-built bank connectors and APIs
- No app downloads or account creation required for consumers
- Tokenization of consumer account credentials
- End-to-end payment experience (initiation to collections)
- Bank-grade data retrieval for transaction approval
Key Benefits
- Reduce payment processing costs by up to 50% compared to cards
- Increase approval and conversion rates with real-time bank data
- Build stronger customer relationships using bank-grade data
- Eliminate overhead with end-to-end payment handling
- Protect sensitive financial data with tokenization
- Flexible payment guarantee options (full, partial, none)
- Frictionless checkout with no card details or account creation required
- Reach credit-averse and younger consumers
Who Is It For
- Gaming operators
- Subscription & bill pay businesses
- Financial services providers
- Retailers
- Merchants seeking to reduce payment processing costs
- Businesses targeting credit-averse or younger consumers
Features & Modules
Payments from the inventors of Pay by Bank
How it Works
Trustly Pay delivers measurable business impact across three critical dimensions: Cost, Conversion, and Customer Lifetime Value (CLV).
- Cost: Reduce your cost of payment processing with direct bank payments that bypass expensive card networks
- Conversion: Approve more buyers with a better checkout experience with insights that maximize revenue capture
- Customer Lifetime Value (CLV): Build stronger customer relationships using bank-grade data for personal offers
Excellence in every vertical
- Gaming: Instant deposits and withdrawals, Responsible gaming controls, Higher conversion rates, Player verification
- Subscription & Bill Pay: Higher approval rates, Reduced passive churn, Automatic account updating, Improved recurring revenue
- Financial Services: Instant account funding, Seamless money transfers, Easy customer onboarding, Enhanced user verification
- Retail: Frictionless checkout experience, Personalized loyalty offers, Reduced processing costs, Expanded customer base
do more with trustly
- Market-leading payment guarantee flexibility
- Reduce processing costs up to 50% vs cards
- Customize guarantee type: full, partial, and no guarantee flexibility
- Cater to the modern consumer: no app or account creation needed
- Increase approval rates with real-time bank-grade data
- Eliminate overhead with end-to-end payments
- Protect sensitive financial data with tokenization
- Pay by Bank technology built for performance
- Seamless payment experience: no card details required
- Smarter conversion optimization: reach credit-averse consumers
Our impact
- $500B+ Payments to date
- 110M+ Consumers to date
- 30+ Countries
- 9K+ Merchants
Get started with Trustly
Available In
Security
- Sensitive financial data is tokenized
- Bank-grade data security
- No card numbers, expiration dates, or CVV codes required
- Consumer credentials are protected and not shared with merchants
Compliance
- NMLS #2463855
- Trustly, Inc. dba Trustly Payments in North Carolina
- Trustly is not a trust company and not approved to conduct trust business in any state
Yaspa
Company Information
Company Overview
Company Details
Contact Information
Trust & Compliance
Key Value Propositions
- Instant, compliant payments
- Real-time insights
- Seamless payment experiences
- Integrated KYC checks
- High conversion rates
Industries Served
Technical Information
Yaspa offers APIs for integrating payment solutions into various platforms, focusing on real-time payments and seamless user experiences.
Social Proof
Customer Testimonials
Yaspa added huge value in making onboarding and withdrawals seamless—crucial battles in our industry.
Our partnership with Yaspa reflects our commitment to provide cutting-edge payment solutions that enhances both operational efficiency and customer experience.
Our partnership with Yaspa marks a significant milestone in expanding instant payment capabilities across Europe.
Trusted By
Case Studies
Transforming Player Experience for Playbook Engineering
Playbook Engineering
Yaspa's solution streamlined onboarding and withdrawals, improving player experiences significantly.
Read Case StudySummary
Instant Payments by Yaspa is a Pay by Bank solution that allows businesses to receive funds instantly, with no cards, codes, apps, or delays. Customers pay straight from their bank to your business, eliminating card networks and unnecessary costs. The solution leverages open banking for real-time payments and instant verification.
Overview
Yaspa Instant Payments enables real-time, frictionless payments directly from customers' bank accounts to your business, bypassing card networks and intermediaries. Built on open banking rails, it delivers instant settlement, reduced fraud, and seamless onboarding for a variety of industries and channels.
Best For
Best for UK iGaming operators and land‑based gambling or ePOS providers that need instant Pay by Bank with built‑in player checks. Yaspa uses Faster Payments/SEPA Instant for real‑time settlement [1], adds Verification Plus for affordability and safer‑gambling analysis [2], and powers instant deposits/withdrawals for operators [3].
Key Features
- Real-time payments using open banking rails
- Instant settlement of funds
- Integrated customer verification
- Support for multiple payment rails (Faster Payments, SEPA Instant, FedNow)
- Omnichannel support (web, in-store, casino floor)
- Seamless integration with business systems or PSPs
- Transparent, straightforward pricing
- No chargebacks or interchange fees
Key Benefits
- Instant settlement: Funds are received the minute they’re sent, with no batching or waiting.
- Fewer intermediaries: Payments go directly from customer bank accounts to your business, skipping card networks and reducing costs.
- Reduced fraud: Customers are verified up front, eliminating card-based fraud and providing real-time confidence at checkout.
- Transparent fees: No chargebacks or interchange fees, with straightforward, easy-to-understand pricing.
- Seamless integrations: Easily connect Yaspa to your systems or use through your preferred PSP or platform.
- Trusted verification: Customer account ownership is verified in seconds using bank verification, with zero friction.
- Cross-border support: Send and receive funds internationally, instantly, with support for Faster Payments, SEPA Instant, FedNow, and more.
- Omnichannel flexibility: Works on websites, in-store, or on the casino floor.
Who Is It For
- iGaming operators (real-time deposits, withdrawals, affordability checks)
- Land-based gambling (bookmakers, casinos, self-service terminals)
- eCommerce businesses (improved checkout conversions)
- ePOS providers (instant settlement, integrated KYC)
- Online trading platforms (instant settlement, KYC)
- Any business seeking instant, secure, and cost-effective payment acceptance
Use Cases
- Customer deposits and payments
- Withdrawals and refunds
- Onboarding with instant verification
- Cross-border payments
- In-store, online, and on-premise payments
Features & Modules
Built for speed. Efficiency. Simplicity.
- Instant settlement: Funds land the minute they’re sent. No batching. No waiting. No uncertainty.
- Fewer intermediaries: Ditch the card rails. Customers pay straight from their bank to your business, so you skip the card networks and cut unnecessary costs.
- Reduced fraud: Customers are verified up front, meaning fewer risks, no card-based fraud, and real-time confidence at checkout. Just real customers, verified in real-time.
Features
- Cross-border: Send and receive funds internationally, instantly. Yaspa supports Faster Payments, SEPA Instant, FedNow, and more.
- Omnichannel flexibility: Yaspa works wherever you take payments, whether that’s on your website, in store, or on the casino floor.
- Transparent fees: Say goodbye to chargebacks and interchange fees and hello to straightforward pricing that’s easy to get and easy to trust.
- Seamless integrations: Plug in with ease. Yaspa connects directly to your systems or works through your PSP or platform of choice.
- Trusted verification: Verify customer account ownership in seconds. Yaspa handles this, using banks’ verification, all with zero friction.
Payments that flex to fit your world
Pricing
Transparent, straightforward pricing with no chargebacks or interchange fees. Exact pricing details are not specified on the page.
Available In
Security
- Customer account ownership is verified using bank-grade verification.
- Reduces risk of card-based fraud by verifying customers up front.
- No card data is handled, reducing PCI-DSS scope.
TrueLayer
Company Information
Company Overview
Company Details
Contact Information
Trust & Compliance
Key Value Propositions
- Lower transaction fees
- Fast and secure payments
- Increased customer trust due to biometric verification
- Streamlined user experience leading to higher conversion rates
Industries Served
Technical Information
TrueLayer provides APIs for developers to integrate Pay by Bank solutions into their applications.
Social Proof
Customer Testimonials
With Pay by Bank, you don’t have to get up to find your card, or add in any details at all.
Customer Reviews
"TrueLayer has transformed our payment process, making it faster and cheaper!"
Trusted By
Case Studies
Papa John's Use Case
Papa John's
How Papa John’s reduced payment costs significantly via TrueLayer's Pay by Bank solution.
Read Case StudyLastminute.com Use Case
Lastminute.com
Decreased friction at checkout led to improved sales and conversion.
Read Case StudyJaja Finance Use Case
Jaja Finance
Customer preference for Pay by Bank over traditional card transactions.
Read Case StudySummary
Pay by Bank is an open banking payment method that allows customers to pay directly from their bank account via their bank app, eliminating the need for cards. It is designed to boost sales, lower costs, reduce fraud, and provide a reliable, scalable payment infrastructure for businesses.
Overview
Pay by Bank by TrueLayer is an open banking payment solution that enables customers to pay directly from their bank accounts, bypassing cards. It offers a fast, secure, and cost-effective way for businesses to accept payments, reduce fraud, and improve conversion rates.
Best For
Best for UK/EU iGaming platforms and high‑volume ecommerce teams. TrueLayer’s Pay by Bank achieves up to 90% conversion for returning users and up to 50% lower fees than cards [1], with instant, closed‑loop Verified Payouts for compliant withdrawals [2] and purpose‑built iGaming flows covering deposits, payouts and safer journeys [3].
Key Features
- Instant settlements: funds arrive in real time
- Biometric security: face ID and fingerprints
- Merchant account for managing transactions and data
- Open banking powered with direct bank relationships
- Personalised UX for repeat customers
- Add-ons: Data, Verification, User Incentives
- Ready-made UIs for apps (iOS, Android, React Native)
- Ready-made UIs for browser (embedded or hosted payment pages)
- Plugins for WooCommerce, Shopify, Magento
- Libraries for Java, PHP, C#, Javascript/Node
- Console for billing, reconciliation, and reporting
Key Benefits
- Boosts sales with up to 90% conversion for returning customers
- Up to 50% lower fees than card payments
- Reduces fraud by leveraging bank security and eliminating card data
- Scales reliably with robust infrastructure
- Instant settlements for improved cashflow
- Trusted biometric security and SCA compliance
- Personalised and streamlined user experience
- Real-time payment status and refund updates
Who Is It For
- Ecommerce businesses
- Wealth management apps
- Pension apps
- iGaming platforms
- Any business seeking to accept online payments efficiently and securely
Customer Testimonials
After just a few weeks of having Pay by Bank… we’ve seen a 20% increase of our average order value (AOV)
About 85% of our transactions are from returning customers who continue using the Pay by Bank option.
The benefit of TrueLayer over card payments… is enhanced security, faster payments and a lower cost, which helps Nutmeg to keep our fees low
We decided to work with TrueLayer based on the quality of the team and the capability they possess.
I would highly recommend using TrueLayer to any other companies... It was the easiest payment integration I’ve ever implemented.
Pricing
Up to 50% lower fees than cards. No explicit pricing table provided.
Available In
Security
- Payments are authorised using the customer's bank's biometric authentication (face ID, fingerprints)
- Adheres to EU and UK strong customer authentication (SCA) regulations
- No card data is shared, reducing risk of card fraud and chargebacks
- Sensitive data remains private within the customer's bank
Compliance
- TrueLayer is authorised and regulated by the UK Financial Conduct Authority under the Payment Services Regulations 2017 and Electronic Money Regulations 2011 (Firm Reference Number: 901096)
- Adheres to EU and UK SCA (Strong Customer Authentication) regulations
OpenPayd
Company Information
OpenPayd is a global payments and banking-as-a-service platform, offering a diverse range of banking and payment solutions to both financial and non-financial institutions. With a comprehensive network of licenses, OpenPayd delivers services such as IBANs, open banking, e-money accounts, foreign exchange conversions, local and international payments, and card processing through a single API. Their mission is to provide accessible, flexible, and scalable banking and payment services for businesses of all sizes and industries.
Company Overview
Company Details
Financial Information
Contact Information
Trust & Compliance
Key Value Propositions
- Global coverage
- Real-time transactions
- API integration
- Flexible account management
- Secure and reliable platform
Technology Stack
Industries Served
Technical Information
OpenPayd provides a developer-friendly REST API for integrating their financial services into applications and platforms.
Social Proof
Customer Testimonials
By partnering with OpenPayd and integrating their embedded finance infrastructure we’re bridging the gap between traditional and digital markets, and enabling our institutional clients to move fiat currency as swiftly and effortlessly as they transfer digital assets.
As we accelerate our growth and expansion, we are committed to building robust banking and payments infrastructure that empowers our clients to invest in all asset classes, eliminate friction, expand access across borders. Partnering with OpenPayd underscores this commitment to operational excellence, scalability and allows us to harness cutting-edge technology and domain expertise – strengthening Kraken’s leadership position in the evolution of finance.
We chose to work with OpenPayd because of its strong embedded finance capabilities, its ability to help us access SEPA real-time payment rails and the speed of integration its API enables. This collaboration forms part of our continued efforts to enhance a first-class customer service experience to our growing user base.
Trusted By
Social Links & Discovery
Categories
Keywords
Target Customers
Summary
OpenPayd Payments allows businesses to manage incoming payments globally through a universal, rails-agnostic infrastructure. It supports both traditional and blockchain payment rails, enabling fast, secure, and easy-to-manage transactions. The solution is accessible via API or through the OpenPayd platform, providing visibility and control over all incoming payments.
Overview
OpenPayd Payments is a global payment solution enabling businesses to receive payments in every major currency into a virtual IBAN. The platform combines traditional finance and blockchain technology under one API, providing instant, secure transactions worldwide. It is designed to manage every incoming payment efficiently, offering real-time payment rails, multi-currency support, and automated reconciliation.
Best For
Best for global digital‑asset platforms and iGaming operators centralising collections, payouts, and treasury. OpenPayd lets you receive pay‑ins into virtual IBANs across major currencies and stablecoins with real‑time rails and automated reconciliation via one API [1], while Digital Assets and iGaming suites bridge fiat‑crypto and payouts [2], [3].
Key Features
- Virtual IBANs for each customer/payment
- Multi-currency accounts (40+ major currencies)
- Stablecoin and digital asset support
- Real-time payment rails (traditional and blockchain)
- API access for payment management and reconciliation
- Platform dashboard for payment visibility and control
- Segregated pooled accounts
- On/Off ramp between fiat and digital assets
Key Benefits
- Receive payments globally in all major currencies, stablecoins, and digital assets (BTC, ETH)
- Access to real-time traditional and blockchain payment rails
- Automated reconciliation of incoming payments via virtual IBANs
- Developer-friendly API for scalable integration
- Centralized platform to track, filter, and export payment data
- Enhanced money management and new revenue opportunities
Who Is It For
- Businesses requiring global payment collection
- Companies needing multi-currency and digital asset support
- Organizations seeking automated reconciliation and real-time payment rails
- Developers integrating payment solutions via API
Features & Modules
Manage Every Incoming Payment
Receive payments from anywhere
OpenPayd offers a truly global payment solution, with the ability to receive payments across every major currency into a virtual IBAN. Our rails-agnostic approach combines traditional finance with blockchain technology under one API, ensuring instant, secure transactions all over the world.
Every Pay-In, managed your way
- Unlock real-time payment rails: Make payments faster than ever with access to real-time traditional and blockchain payment rails.
- Harness every major currency: Global regulatory coverage and multi-currency accounts enable you to receive all major currencies, stablecoins and major digital assets such as BTC and ETH.
- Reconcile on arrival: Virtual IBANs enable you to automatically reconcile every incoming payment as it arrives.
- Via API: Developer-friendly API built for scale, with a dedicated suite of API calls.
- Through our platform: See all your incoming payments in one place, track, filter and export information.
Payments that are fast, secure and easy to manage
Our rail-agnostic infrastructure gives you access to our product suite, optimising money management and unlocking new revenue opportunities through enhanced capabilities.
- Send Payments: Automate global payouts at scale
- Stablecoins: Move and manage stablecoins
- Virtual IBANs: Instantly access unlimited virtual IBANs
- Pooled Accounts: Segregate accounts to power your business
- Multi-Currency Accounts: 40 Major currencies within a single account
- On/off Ramp: Move seamlessly between fiat and digital assets
Available In
Security
- Rail-agnostic infrastructure combining traditional and blockchain payment rails
- Secure, instant transactions
- Automated reconciliation reduces manual errors
Compliance
- SettleGo Solutions Limited (OpenPayd) is authorised and regulated by the Financial Conduct Authority (FCA) as an Electronic Money Institution (Firm Reference Number: 900483)
- OpenPayd Financial Services Malta Limited is authorised and regulated by the Malta Financial Services Authority (MFSA) as a Financial Institution
- OP Digital Services Limited is authorised and regulated by the MFSA as a VFA Service Provider
- OpenPayd Canada, Inc. is authorised and regulated by the Canadian FIN-TRAC as Money Services Business (registration number: M19528814)
- Digital asset services are not available to persons in the United Kingdom and are only for those with professional experience in digital assets
Data Quality & Transparency
Our Ranking Methodology
How we rank these offerings
We ranked these Open Banking Payment Initiation solutions for iGaming in the UK based on three key factors: Regulatory Compliance (40% weight), Payment Processing Speed (35% weight), and Integration Complexity (25% weight). TrueLayer Payments scored highest due to its comprehensive compliance credentials, ultra-fast real-time transaction processing, and relatively straightforward integration options.
Ranking Criteria Weights:
Ensuring adherence to financial and gaming regulations is critical in the highly-regulated iGaming industry to prevent legal liabilities and ensure smooth operations.
Fast transaction processing enhances user experience and operational efficiency, especially in the fast-paced iGaming sector.
Ease of integration affects time-to-market and resource allocation, impacting operational rollout and maintenance.
Frequently Asked Questions
- What are the typical costs and pricing models associated with open banking payment initiation in the iGaming sector?
- Open banking payment solutions for iGaming, such as those offered by Yaspa and TrueLayer, typically employ a fee structure that is lower than traditional card processing fees. These models often include a small fixed fee per transaction plus a percentage of the transaction amount. The cost-effectiveness is advantageous for operators due to higher conversion rates, as demonstrated by Yaspa’s focus on lowering fees in comparison to card payments.
- What key selection criteria should be considered when choosing an open banking payment provider for iGaming?
- When selecting an open banking payment provider for iGaming, key criteria include conversion rates, compliance with local gambling regulations, integration flexibility, and security features like Strong Customer Authentication (SCA). Providers like Nuvei and TrueLayer offer comprehensive packages with both payment and compliance solutions, ensuring alignment with regulatory requirements, such as Know Your Customer (KYC) and Anti-Money Laundering (AML) policies.
- What industry standards and compliance considerations exist for open banking in the iGaming industry?
- In the iGaming industry, open banking solutions must adhere to strict compliance standards, including the European Payment Services Directive 2 (PSD2) and the UK's Gambling Commission regulations. Providers like Trustly facilitate frictionless KYC-light deposits, ensuring compliance with these standards while also maintaining a focus on secure and instant transactions which are crucial for operator legitimacy and player trust.
- What are the typical implementation challenges and solutions for open banking payment systems in iGaming?
- Challenges in implementing open banking payment systems in iGaming include integration with existing platforms, regulatory compliance, and ensuring security. Providers such as OpenPayd offer solutions via their single API, which simplifies integration and allows seamless handling of various banking operations. Moreover, these systems are designed with compliance tooling ideal for regulated gaming businesses, mitigating potential implementation headaches.
- What is the ROI and value delivery expected from deploying open banking payment solutions in iGaming?
- The ROI for deploying open banking payment solutions in iGaming is driven by increased transaction speed, reduced fees, and improved user experience. Solutions like those from Yaspa and Trustly support instant deposits and withdrawals, enhancing customer satisfaction and loyalty. This ultimately results in increased player retention and potentially higher game spend, thereby demonstrating value delivery for operators.
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