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Online casinos process countless daily transactions, relying on trustworthy payment platforms to get the job done. One such platform is Xace, whose vast experience and decades of extensive iGaming presence have proven crucial for numerous businesses.

The company says it offers alternative banking services to European customers, while its primary goal is to provide a user-friendly, secure and reliable environment to both operators and players.

But is it suitable for online gambling? Let’s find out.

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About Xace

Founded in 2020, Xace is a financial service provider based in the UK. The company offers a wide range of banking and payment services, allowing online gamblers to use it as a means of depositing and withdrawing money at online casinos.

The service offers plenty of features to cater to different industries, countries, and currencies. It represents a versatile and reliable payment option to help online gamblers enjoy their casino experience.

Xace Account

Xace is available for businesses only, meaning individuals can’t open a Xace account. That doesn’t mean they can’t enjoy its advantages. All they need is an account with one of the supported payment methods, and they can use Xace to deposit and withdraw funds at online casinos.

Online gamblers can use XACE as a payment method for online gambling

Online gamblers can use XACE as a payment method for online gambling

How to Deposit with Xace?

To use Xace for depositing funds online, your online casino needs to support this payment service. If that’s the case, upon opening a new account, go to the casino’s Cashier page and choose Xace from the list of available methods. Before making a payment, enter the sum you wish to deposit, and provide the required banking details. After clicking the Deposit button, the money will immediately appear in your balance, allowing you to start placing bets in no time.

How to Withdraw with Xace?

When it comes to cashing out, expect a similar process. Once again, you’ll need to visit the gambling site’s Cashier page, where you’ll select Xace as your withdrawal method. After choosing the amount you want to cash out, and entering the banking details, confirm your request.

Transfer Times, Fees, and Security

Online deposits with Xace are carried out almost instantly. That’s a neat feature, as it will allow you to start enjoying games without wasting your time. Withdrawals will take some time due to the processing times imposed by online casinos.

Xace doesn’t incur any additional fees. However, some online casinos have costs of their own. We recommend checking whether your gambling site charge fees beforehand.

Xace pays particular attention to the safety and privacy of their customer’s data. The payment service uses encryption to protect the users’ sensitive information, while all of them must use two-factor authentication. Also, the company employs a team of fraud prevention experts to oversee all transactions and prevent any problematic activities.

The company is regulated by the UK Financial Conduct Authority, meaning it has to follow strict guidelines to ensure compliance with AML and KYC regulations. Xace holds the certification of Payment Card Industry Data Security Standards (PCI DSS). It’s a set of security standards to ensure all payments are carried out in a secure environment.