Overview
xpate, at a glance.
xpate is an e-money institution headquartered in the United Kingdom, regulated by FCA, Latvijas Banka, MAS. Pricing is agreed with each client. Opening an account takes 3–5 days.
UK client funds are safeguarded in dedicated accounts at licensed UK institutions, and EEA funds at licensed institutions in Latvia. No deposit protection scheme applies.
Why businesses pick xpate
- Licensed in the UK, Latvia and Singapore
- IBANs in your company's name, in several currencies
- Works with fintech, digital-asset, iGaming, forex and marketplace businesses
- Account, payouts and card acceptance from one provider
Watch out for
- Prices for the UK and EEA account are not published
- At least one director must live in the country where the company is registered
- No business cards are offered
- The currencies supported are not listed
- Only two Trustpilot reviews
Business fit
Will xpate 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 xpate's published rules
Needs review
xpate works with Fintechs, but does not publish the countries it accepts companies from.
xpate 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 xpate publishes about the businesses it takes on.
Who xpate serves
- E-commerce
- Marketplaces
- Crypto
- iGaming
- Forex
- Financial institutions
All 16 industries on xpate's accepted list
- Fintechs
- Digital assets
- Online commerce
- Growing businesses
- Platforms and marketplaces
- Regulated industries
- Online stores
- Creators
- Freelancers
- Local service businesses
- PSPs/PayFacs
- Digital wallets
- Crypto exchanges/custody/on-off-ramps
- Marketplaces/SaaS/subscription
- iGaming/Forex/Trading
- E-commerce/travel/mobility/education
Not supported
Industries and countries xpate does not accept, from its own published lists.
Industries
- The use of the Services in or for the benefit of a country, organisation, entity, or person embargoed or blocked by any government, including UN, EU, OFAC and HM Treasury sanctions lists
- Any Illegal activities, products and services
- Any sanctioned entity or companies transacting with sanctioned countries or on behalf of individuals residing therein
- Any service providing peripheral support of illegal activities
- Any business subject to criminal investigation, blacklists, warning or sanctions lists
- Businesses with unregistered bearer share structures
- Business practices involving modern slavery and/or human trafficking, or supply chain services that may involve trafficking or arranging prostitution
- Websites promoting hatred, racism or religious persecution
- Child pornography, rape content, bestiality, necrophilia (including drawings or anime)
- Prostitution, brothels
- Business selling counterfeit goods, fake products/replicas designed to look like designer names
- Selling smuggled, contraband, stolen or illegally obtained goods/assets
- Sale of antiquities, ivory, protected wildlife products or culturally significant artefacts
- Transactions with living animals (exceptions may apply)
- Activities involving precious metals
- Shell banks
- Narcotics and controlled substances
- Drug paraphernalia
- Unlicensed sale of tobacco or alcohol
- Companies whose structure makes UBOs difficult to identify, including bearer shares
- Companies whose directors/beneficial owners reside in prohibited or sanctioned countries
- Auctions
- Unlicensed money service businesses
- Informal Value Transfer Systems (IVTS)
- Wholesale cash distribution
- Unregulated crypto businesses
- Initial Coin Offerings (ICOs)
- Crypto mixers and tumblers
- Dark web/darknet businesses
- Lootboxes
- Binary options except Forex
- High-Yield Investment Programs (HYIPs)
- Pyramid or Ponzi schemes and unlicensed MLM schemes
- Unlicensed crowdfunding or donation-based funding
- Professional refund or chargeback service providers
- Breakage-based sales incentive programmes
- Credit counselling/repair/protection/debt reduction/consolidation
- Mortgage payments or other debt-related estate products
- Long-term investment and insurance companies
- Third-party billing companies
- Shell banks/businesses dealing with shell banks/offshore bank transactions
- Political organisations and embassies
- Commercial sale of government-issued IDs, licences and official documents
- Weapons, firearms, ammunition, parts or accessories
- Military goods or services
- Dual-use goods unless fully licensed/export-controlled
- Chemical production
- Misuse/copying/distribution of protected intellectual property
- Telemarketing or outbound call centres
- Fortune-telling, Tarot and magical/extrasensory services
- Anti-virus, technical support, remote control, PC/device maintenance services
- Modification chips, jamming devices, spyware
- Anonymous privacy-enhancing technologies without regulatory clarity
- Bulk email tools or spam software
- Sale of third-party personal data
- Timeshares and timeshare advertising
- Businesses in bankruptcy or subject to bankruptcy/receivership in the last 3 years
- Merchants in card-scheme chargeback/fraud monitoring programmes
- Charities
- Adoption agencies
- Visa/immigration services facilitating tax evasion or secrecy structures
- Citizenship-by-investment schemes
- Online pharmacies
- Merchants representing unacceptable reputation risk
- Merchants not meeting policy guidelines/requirements
Countries
- Not published
Coverage
Where can you use xpate?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
Not published
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Not publishedPricing
What does xpate 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
Not published
By order form
Custom
Transaction fees
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | From 0.2% | Percentage of the amount · Published for the Singapore account; varies by currency |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Enquiry
Contact xpate with your company's country and business.
- 2
Application
Give the company, its directors and its owners.
- 3
Verification
Provide proof of authority and complete xpate's checks.
- 4
Order form
Your fees are set out in the order form, and the account is opened.
Documents you need
Not published
FAQ
Your questions, answered.
Is xpate a bank?
No. XPATE LTD is an e-money institution authorised by the UK FCA, reference 901021. XPATE SIA is licensed in Latvia, and the group's Singapore company is a major payment institution. No deposit protection scheme applies.
How much does an xpate account cost?
Prices for the UK and EEA account are set out in each customer's order form and are not published. The Singapore account is free to open and has no monthly fee, with currency exchange from 0.2%.
Who can open an xpate account?
Businesses organised in a country xpate supports. A company must have at least one director living in the country where it is registered.
Which businesses does xpate not accept?
Its UK policy lists 65 prohibited categories, including sanctioned parties, unregistered bearer-share structures, counterfeit goods, prostitution, activities involving precious metals, and shell banks.
Does xpate offer cards?
No business cards are offered. xpate pays out to cards and accepts card payments for merchants.
Alternatives
How xpate compares.
If xpate is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 xpateThis pageE-money institution |    | Named IBANOnline businesses |
 OpenPaydE-money institution |  | Virtual IBANsFintech infrastructure |
 ConnectPayE-money institution |  | 80+ currenciesOnline businesses |
 FinXPE-money institution | | Dedicated EUR IBANHigh-risk industries |
 AlteryE-money institution |  | 95 countries acceptedVisa and UnionPay cards |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.