Best Open Banking Payment Initiation Methods for iGaming in the UK
Non-sponsored, Expert Verified and Transparently Ranked Open Banking Payment Initiation Methods for iGaming in the UK
Published: December 18, 2025 | Verified by: Ted Scheiman & Rob Watts
Executive Summary
We analyzed 5 solutions. Top Recommendation: Pay-ins (Omnichannel Payment Solutions) by Nuvei scored highest due to Deep focus on online gaming with a single integration for card acquiring, alternative payments, and instant open‑banking, combined with advanced routing, fraud prevention, and instant withdrawals tailored to regulated iGaming markets.[2][6].
Content Verification
Side-by-Side Comparison
| Feature | #1 Pay-ins (Omnichannel Payment Solutions) (Nuvei) | #2 Trustly Pay (Trustly) | #3 Instant Payments (Yaspa) | #4 Payments (TrueLayer) | #5 Payments (OpenPayd) |
|---|---|---|---|---|---|
| Best For | Deep focus on online gaming with a single integration for card acquiring, alternative payments, and instant open‑banking, combined with advanced routing, fraud prevention, and instant withdrawals tailored to regulated iGaming markets.[2][6] | Longstanding focus on the gaming vertical with high player recognition, supporting instant deposits and payouts via bank accounts and offering risk, KYC, and regulatory features specifically tuned to licensed gambling operators. | Specialisation in regulated gaming and betting, combining open banking payment initiation with iGaming-specific features such as player verification, responsible gambling checks, and fast payouts for operators in the UK market. | One of the most established UK open banking TPPs with very broad bank coverage, high payment success rates, and specific iGaming use cases such as instant deposits, payouts, and safer gambling journeys backed by robust compliance and fraud controls. | Combination of open banking payment initiation with banking‑as‑a‑service (accounts, IBANs, and FX), allowing gaming operators to centralise collections, payouts, and treasury while meeting complex regulatory and operational needs. |
| Integration Complexity | Low, moderate. Multiple integration paths: fastest hosted Payment Page and Simply Connect (SAQ‑A) or minimal redirect/iFrame. (docs.nuvei.com) Web SDK with hosted card fields (PCI de‑scoping) or server‑to‑server REST API (higher PCI obligations). (docs.nuvei.com) Prebuilt plugins (e.g., Salesforce), sandbox/Postman and webhooks, plus hosted seller onboarding, reduce effort. (docs.nuvei.com) | Integrates via Trustly UI (web JavaScript library or native mobile SDKs) to obtain bank authorization, then uses Transactions APIs for payments and payouts. (amer.developers.trustly.com) Requires event notifications (webhooks) and reporting for reconciliation. (amer.developers.trustly.com) Optional Trustly-hosted authorization (Establish API) reduces burden. (amer.developers.trustly.com) Single API covers deposits, payouts, and onboarding. (trustly.com) | Low. Options include no-code dashboard payment requests, low‑code hosted payment journey, or full‑code via a JS Pay‑In SDK (few lines). Sandbox mirrors production; go live by switching API keys. Supports webhooks; can integrate via PSPs/gateways (e.g., PaymentIQ, Praxis). Requires merchant KYC and bank‑account verification before live. (yaspa.com) | Moderate: Payments API v3 is a single integration across products/geographies. Choose direct API (most dev effort), or faster options, hosted payment page or mobile/web SDKs, with prebuilt UIs and some backend work. Client libraries (Java, .NET) simplify request signing/webhook validation. Plugins enable minimal/low‑code ecommerce integration. (support.truelayer.com) | Single, fully documented REST API with sandbox; typical go-live in days. (openpayd.com) vIBAN integration uses Linked Client objects and can be implemented with ~13 lines of code; many are live in as little as two weeks. (openpayd.com) Open Banking is accessed via the same API; sandbox access enabled on request. (openpayd.com) |
| Payment Processing Speed | Instant account-to-account pay-ins via Open Banking; supports instant rails (RTP, FedNow, Faster Payments, SEPA Instant), enabling payments in seconds. Core processing scales beyond 10, 000 TPS with real-time performance and 99.999% availability targets. (nuvei.com) | Deposits finish in ~20 seconds with instant settlement. (trustly.com) Payouts: 95% settle within 5 minutes in Europe; returning users as fast as 8 seconds. (trustly.com) U.S.: instant via RTP/FedNow when eligible; otherwise ACH/EFT take 1, 3 (US) or 1, 4 (CA) business days. (trustly.com) | Typically completes in seconds via Faster Payments (UK) and SEPA Instant (EU); median settlement ~8 seconds. (support.yaspa.com) 99.5% of accepted transactions pay; occasional delays if non‑instant rails (SEPA Credit Transfer up to 1 business day; FPS can rarely take up to two hours). (support.yaspa.com) | Instant: funds leave customers’ accounts in real time and arrive instantly; settlements to merchants are real‑time. (truelayer.com) Payouts/withdrawals settle in seconds via Faster Payments (UK) and SEPA Instant (EU). (truelayer.com) | Real-time settlement via Faster Payments, SEPA Instant, Pix and Open Banking; same/next-day via CHAPS, SEPA Credit Transfer, SWIFT, ACH, Fedwire. Stablecoins can reduce cross‑border settlement from days to seconds. (openpayd.com) |
| Regulatory Compliance Features | PCI DSS Level 1; PSD2/SCA with 3DS2; UK FCA e‑money authorization and DNB PSP license; US FinCEN‑registered MSB with state money‑transmitter licenses (NMLS 1760584); GDPR/CCPA privacy program; EU MiCAR CASP license for regulated crypto services. (nuvei.com) | - FCA-authorized Payment Institution (FRN 1005703) for PIS/AIS in the UK. (trustly.com) - Licensed under PSD2 and supervised by the Swedish FSA in Europe. (trustly.com) - ISO/IEC 27001-certified ISMS. (trustly.com) - GDPR-compliant; TÜV Saarland “Approved Data Protection” and “Approved Payment System” accreditations. (trustly.com) | FCA-authorised Payment Institution (FRN 826720) and ICO-registered (ZB799205); PSD2/Open Banking payments with bank authentication. (yaspa.com) Built-in account ownership verification and closed-loop payouts; Safer Gambling features include integrated affordability, income and financial vulnerability analysis, and source-of-funds checks, delivering pan-operator insights to detect harm/fraud via consent-based, data-minimised processing. (yaspa.com) | FCA‑authorised payment institution (FRN 901096) for AIS/PIS. (support.truelayer.com) EU operations regulated by the Central Bank of Ireland (Payment Institution; code C433487). (truelayer.com) PSD2- and SCA‑compliant payment flows. (support.truelayer.com) DORA compliant. (support.truelayer.com) Certifications: ISO/IEC 27001:2022, Cyber Essentials/Plus, SOC for Cybersecurity; GDPR aligned. (trust.truelayer.com) Supports unlicensed merchants via TrueLayer acting as PISP/TSP. (support.truelayer.com) | FCA‑authorised EMI (SettleGo Solutions Ltd, FRN 900483) and MFSA‑authorised Financial Institution. (openpayd.com) Client funds safeguarded in segregated accounts (not FSCS‑protected). (openpayd.com) DORA contractual addendum for EU financial entities. (openpayd.com) Maltese VFA Service Provider for virtual‑asset services. (openpayd.com) |
Pay-ins (Omnichannel Payment Solutions)
NuveiCompany Information
Description
Nuvei is building the infrastructure for every payment, everywhere. Its modular, flexible, and scalable technology enables leading companies to accept next-generation payments, offer all payout options, and benefit from card issuing, banking, risk, and fraud management services.
What They Do
Nuvei offers payment processing, fraud and risk management solutions, and other financial services.
Who They Serve
Businesses and enterprises looking for payment solutions across multiple channels.
Key Value Propositions
Target Customers
Industries Served
Contact Information
Summary
Nuvei Instant Open‑Banking lets customers pay directly from their bank accounts using open banking rails, providing a streamlined alternative to cards for online merchants.[6] Nuvei is heavily focused on online gaming and offers a full‑stack payments solution for iGaming operators, including deposits, payouts, and risk tools.[2]
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
Every payment solution, any scenario
To grow your business or platform, you must keep in step with your customers, their preferred payment types and omnichannel lifestyle.
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
Payments designed to accelerate your business
Choose Nuvei for payments that work harder to convert sales and boost your bottom line.
- Future-proof technology
- Accept cutting-edge payment options
- Optimize new revenue streams
- One platform for all payment needs
Resources
Supporting Resources
Detailed Comparison
Integration Complexity
Payment Processing Speed
Regulatory Compliance Features
TrustlyCompany 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.
Keywords
Description
Trustly is the Pay by Bank provider that enables consumers to make payments directly from their bank accounts, offering a secure and efficient alternative to traditional card payments. With a focus on Open Banking technology, Trustly provides solutions for various industries, including financial services, gaming, retail, and subscription services.
What They Do
Trustly provides Open Banking payment solutions that allow consumers to make payments directly from their bank accounts, enhancing the payment experience and reducing costs for businesses.
Who They Serve
Trustly serves a wide range of industries including financial services, gaming, retail, and subscription services, catering to both businesses and consumers.
Key Value Propositions
Target Customers
Industries Served
Contact Information
Summary
Trustly provides open‑banking‑driven account‑to‑account payments that allow players to pay directly from their bank account and receive instant payouts, serving a large number of licensed iGaming operators in Europe and the UK. It focuses on frictionless KYC‑light deposits and fast withdrawals without cards or registration.
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
Payments from the inventors of Pay by Bank
Capture more revenue with the most flexible guaranteed payment solution in the industry.
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
Contact our payment experts to learn more about what you can build using our Open Banking platform.
Relevant pages and resources
- Pay by Bank: How Pay by Bank Minimizes Merchant Account Fees
- A Business Guide to ACH Transfer Limits & Workarounds
- Trustly Hot Seat Series - Ep.01 - Intro to Open Banking
Resources
Supporting Resources
Detailed Comparison
Integration Complexity
Payment Processing Speed
Regulatory Compliance Features
YaspaCompany Information
Description
Yaspa uses open banking to power real-time payments and instant verification, providing seamless payments designed with real people in mind.
What They Do
Yaspa offers a variety of payment solutions including intelligent payments, instant payments, crypto payments, account verification, instant payouts, and virtual accounts.
Who They Serve
Yaspa serves businesses across multiple industries such as iGaming, eCommerce, land-based gambling, ePOS, and online trading.
Key Value Propositions
Target Customers
Industries Served
Contact Information
Navigation Links
Summary
Yaspa provides an open banking-based pay-by-bank solution tailored for iGaming, enabling instant account-to-account deposits and withdrawals directly from players’ bank accounts in the UK and Europe. It focuses on higher conversion, lower fees than cards, and strong compliance with gambling regulations.
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
Instant Payments
Simplify how you receive funds with Yaspa. No cards. No codes. No apps. No delays.
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.
See how it works
Video demonstration of Yaspa Instant Payments in action.
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
Overview of Yaspa's payment products, including Instant Payments.
- Fast, frictionless transactions: Pay by Bank from Yaspa uses open banking rails to speed up customer onboarding, reduce failure rates, and cut costs.
Get started
Let’s make payments work for you.
Ready to make instant payments personal?
Resources
Supporting Resources
Detailed Comparison
Integration Complexity
Payment Processing Speed
Regulatory Compliance Features
TrueLayerCompany 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.
Keywords
Description
Any Business. Anywhere. Any Web. Accounts, Payments and Trading solutions built for the digital economy. Our combination of licensing and technology infrastructure enables global businesses to launch new financial services with full interoperability between fiat and digital assets.
What They Do
Provide financial services infrastructure for payments, accounts, and trading solutions.
Who They Serve
Businesses looking to integrate modern financial services into their operations.
Key Value Propositions
Target Customers
Industries Served
Contact Information
Key Pages
Navigation Links
Summary
TrueLayer Payments is an open banking payment initiation solution that enables instant pay‑by‑bank deposits and withdrawals for merchants, including gambling and iGaming operators in the UK and EU. It offers instant bank‑to‑bank payments, refunds, and withdrawals through a single API, with strong SCA flows and high conversion.
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
Resources
Supporting Resources
Detailed Comparison
Integration Complexity
Payment Processing Speed
Regulatory Compliance Features
OpenPaydCompany 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.
Keywords
Description
Any Business. Anywhere. Any Web. Accounts, Payments and Trading solutions built for the digital economy. Our combination of licensing and technology infrastructure enables global businesses to launch new financial services with full interoperability between fiat and digital assets.
What They Do
Provide financial services infrastructure for payments, accounts, and trading solutions.
Who They Serve
Businesses looking to integrate modern financial services into their operations.
Key Value Propositions
Target Customers
Industries Served
Contact Information
Key Pages
Navigation Links
Summary
OpenPayd offers open banking payment initiation and virtual IBAN accounts that enable iGaming operators to accept instant pay‑by‑bank deposits and manage payouts across the UK and Europe. Its platform combines A2A payments with accounts, FX, and compliance tooling suitable for regulated gaming businesses.
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
Manage Every Incoming Payment
Receive payments without the pain, using OpenPayd’s universal infrastructure.
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
Resources
Supporting Resources
Detailed Comparison
Integration Complexity
Payment Processing Speed
Regulatory Compliance Features
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:
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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