By Xace

Xace Business Payment Accounts

Named multicurrency operational accounts, transfers and team controls for eligible gaming businesses.

The offering

What Xace Business Payment Accounts does

Xace Business Payment Accounts provide named account details and multicurrency operations. The business offer describes batch payments, team access, dual payment approval, FX and reporting. Its gambling-account material covers receiving industry-processor funds and requires licensed activity with appropriate AML/KYC arrangements.

Establish the account provider and permitted receipts before moving operating balances. Current disclosures name Modulr UK/EU account and e-money services as well as separate Xace own-licence payment services. Confirm which agreement governs the account, which currencies and rails are enabled, and how any player funds are treated. This operational account does not establish a separate acquiring or player-protection contract.

Who should explore it?

Eligible gaming operators, software suppliers and affiliates managing business funds across currencies.

  • Receive permitted processor settlements
  • Manage supplier payments and operating balances with team controls

Documented capabilities

  • Named business account details
  • Multicurrency account operations
  • Batch payments and dual approval
  • CSV/PDF statements and account reporting

Reported in the linked public sources. We have not independently tested these capabilities.

Product details

Account role
Operational business payment accounts for receiving and sending funds.Source
Account structure
Corporate accounts can use account details in the company’s name, including a named IBAN.Source
Currency scope
The general business offer lists EUR, GBP, USD and CAD among multiple currencies; enabled currencies require an account proposal.Source
Gambling acceptance
The gaming page requires licensed online gaming activity and suitable AML/KYC compliance.Source
Provider and fund protection
Disclosures distinguish Modulr UK/EU account/e-money services from Xace own-licence services; e-money has safeguarding rather than FSCS deposit cover.Source
Account records
The account FAQ supports statement export in CSV and PDF formats.Source

Delivery & commercial details

Delivery & integration
Xace account platform with named account details, permissions and payment tools; underlying provider and API scope depend on the account agreement.
Pricing
The gaming page publishes an example of £250 monthly per account with a joining fee by quotation and volume-dependent transaction fees. Confirm the current entity, currency, package and full schedule with onboarding.

Confirm market availability, rights, service levels and contractual terms for your implementation. API availability alone does not establish a named integration.

Buyer questions, answered

Does the account use a shared business name?

The corporate account offer describes accounts in the company’s own name, including a named IBAN. Confirm the details issued for the selected entity.

Source
Does a payment account give the operator an acquiring agreement?

The gaming-account page describes receiving funds from industry processors. Confirm the separate acceptance relationship and approved receipts rather than treating account access as merchant approval.

Source
Are the e-money funds covered by FSCS?

The current disclosures say electronic-money products are not covered by FSCS and describe safeguarding arrangements. Confirm the account provider and applicable agreement.

Source