Xace Launches Completely Free Business Accounts and Cross Border Payments for Regulated Gaming Firms: Era

Xace, the iGaming focused payment account provider has announced their latest product, zero fee payment accounts for local and cross border payments and FX.

The gaming industry has frequently found banking solutions and payment accounts to be a challenge to obtain and keep open, with stable providers few and far between, with those that do accept the sector charging fees well in excess of traditional high street banks.

Era by Xace is an exclusive new product, giving regulated gaming firms access to totally feeless payment accounts, no upfront costs and no monthly account costs. Companies with licences from major iGaming regulators, including within UK and Malta, are eligible for the exclusive product.

Adam Grist, CPO at Xace, said: “We spoke to some of the biggest gaming firms out there, to build a product that breaks yet another barrier in gaming payments. Regulated European and North American based gaming firms are frequently subjected to high fees on accounts, transactions, FX and more. With the launch of Era by Xace we are giving the regulated iGaming industry what it deserves – zero fees at the industries favourite financial institution.”

David Hodkinson, CEO of Xace, said: “It is testament to the continuous hard work of our team that the Xace Group is now able to offer a product such as this, allowing feeless accounts and transactions on cross border solutions for a large part of the gaming industry. We’re incredibly excited to bring this product to the market so early in 2024.”

The news comes right on the heels of the Malta Financial Services Authority granting Xace a payments licence, which will spearhead Xace’s growth into the EU this year and beyond.