Overview
Xace, at a glance.
Xace is a payment institution headquartered in the United Kingdom, regulated by Financial Conduct Authority, Malta Financial Services Authority. Business accounts cost £250 a month. Opening an account takes 3–5 days.
Xace is a payment institution, not a bank, and its accounts are not covered by the FSCS. Funds on Xace's own payment accounts are safeguarded in segregated accounts under the Payment Services Regulations 2017. Some accounts and the virtual cards are provided by Modulr FS Limited (FCA e-money institution 900573) or Modulr Finance B.V. (DNB R182870), with Xace as their agent.
Why businesses pick Xace
- Built for licensed gambling: casinos, sportsbooks, white-label operators, suppliers and affiliates
- UK account details and IBANs in the company's name, never pooled
- Faster Payments, CHAPS, SEPA, TARGET2 and SWIFT
- A dedicated relationship manager
- Free transfers between Xace accounts
Watch out for
- £250 a month per account and a joining fee on application
- Transaction fees from 0.125%, or from 0.2% for gaming accounts
- Funds may stay on Xace's own payment accounts for at most 60 days
- Exact fees are confirmed only after onboarding
- Virtual cards only
Business fit
Will Xace accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Xace's published rules
Needs review
Xace works with iGaming, but does not publish the countries it accepts companies from.
Xace does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Xace publishes about the businesses it takes on.
Who Xace serves
- iGaming
- Affiliate marketing
- Video games
- E-commerce
Not supported
Industries and countries Xace does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Xace?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
GBP and EUR accounts
Hold and receive · 2 currencies
- EUR
- GBP
Pay out · 4 currencies
- EUR
- USD
- GBP
- CAD
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Companies and corporations, Sole traders in Europe, Freelancers living in Europe, Licensed gambling operators, white-label casinos, suppliers and affiliates
Pricing
What does Xace cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Not published
Monthly fee
£250
Business Payment Account
Lowest cost£250 per month
Setup fee not published
Gaming Payment Account
£250 per month
Setup fee not published
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| From another Xace account | Free | No charge |
| Outgoing | ||
| To another Xace account | Free | No charge |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Eligibility form
Fill in the two-minute form with a business email; no documents yet.
- 2
Call from the team
An onboarding manager contacts you within one business day.
- 3
Documents
Send the documents requested, including any gaming licence; the review takes about a week.
- 4
Account live
Once approved, the account is activated and you set up your login.
Documents you need
Not published
FAQ
Your questions, answered.
Is Xace a bank?
No. Xace Limited is an authorised payment institution regulated by the Financial Conduct Authority (FRN 948213), and Xace Malta Ltd is licensed by the Malta Financial Services Authority. Some accounts are provided by Modulr, with Xace as its agent.
Does Xace accept gambling companies?
Yes. Xace accepts licensed online gaming websites, casinos, sportsbooks and white-label operators with suitable AML and KYC in place, as well as gambling software suppliers and affiliates. A gaming licence is asked for at onboarding.
How much does a Xace account cost?
£250 a month per account, a joining fee on application, and transaction fees from 0.125% for business accounts or from 0.2% for gaming accounts. The exact schedule is confirmed after onboarding.
How long does opening take?
Xace reviews most applications within one business day, then requests the full documents; that review takes around a week.
Alternatives
How Xace compares.
If Xace is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 XaceThis pagePayment institution |   | GBP and EURMalta |
 FinXPE-money institution | | Dedicated EUR IBANHigh-risk industries |
 NarviE-money institution |  | Dedicated EUR IBANNon-residents accepted |
 NexpayE-money institution |  | Dedicated IBANCrypto and gaming |
 BilderlingsE-money institution |  | Direct IBANHigh-risk industries |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.