For PSPs serving iGaming operators, Pay by Bank is more than just another payment option. It’s a way to win operator business, reduce churn, and differentiate in a highly competitive market.
By offering Pay by Bank through open banking, PSPs can give operators a faster, more cost-effective, and more secure way for players to deposit and withdraw funds, all while improving compliance and player trust.
1. Higher conversion and fewer failed deposits
Operator pain point: Declined card payments and failed top-ups cost operators revenue and frustrate players.
PSP advantage: Pay by Bank reduces failed transactions with direct account-to-account payments and Strong Customer Authentication. This can help support higher first-time deposit success and conversion rates, and more engaged players for your operators.
2. Lower payment costs and better margins
Operator pain point: Card schemes and processors charge high fees that erode operator margins.
PSP advantage: Pay by Bank avoids card-scheme interchange and chargeback fees. PSPs can help operators lower payment costs while keeping pricing predictable, which can support improved margins and make their payments more competitive
3. Stronger fraud protection and reduced chargebacks
Operator pain point: Fraud and chargebacks are costly in iGaming, both financially and reputationally.
PSP advantage: With Pay by Bank, payments are authenticated directly by the bank, removing exposure to card-scheme chargebacks and using Strong Customer Authentication, which can help reduce certain fraud risks. PSPs can position this as a trust and compliance benefit for regulated operators.
4. Instant deposits and withdrawals
Operator pain point: Players expect real-time access to funds. Delayed payouts drive complaints and churn.
PSP advantage: Pay by Bank enables instant settlement via Faster Payments. PSPs can offer operators a smoother experience that keeps players engaged and builds loyalty.
5. Built-in compliance and safer gambling tools
Operator pain point: Meeting UKGC requirements around affordability, AML, and player protection is complex and resource-intensive.
PSP advantage: Pay by Bank provides access to bank-verified account data that can support affordability, AML, and player-protection processes implemented by the PSP.
Why PSPs are choosing Yapily
Yapily provides the infrastructure for PSPs to turn Pay by Bank into a competitive advantage:
Broad coverage: Nearly 2,000 banks across the UK and Europe, with deep reach in core iGaming markets.
Yapily Data & Validate: Enriched account information and instant verification to streamline compliance.
White-label flexibility: PSPs own the experience and the operator relationship.
In short: Offering Pay by Bank helps PSPs stand out, win new operator business, and embed themselves deeper in the iGaming ecosystem by addressing common challenges around conversion, cost, and payment experience
FAQs for PSPs on Pay by Bank in iGaming
How does Pay by Bank increase conversion rates for iGaming operators?
By eliminating card declines and enabling instant settlement, Yapily’s Pay by Bank solution helps PSPs deliver higher first-deposit success rates and smoother player onboarding.
Is Pay by Bank cheaper than card payments for operators?
Yes. With Yapily, PSPs can offer operators lower transaction costs by removing interchange and scheme fees, improving operator margins.
Can Pay by Bank help gambling operators meet compliance requirements?
Absolutely. Yapily provides enriched financial data and instant account verification that PSPs can embed into operator onboarding and monitoring to support UKGC affordability and AML checks.
How does Pay by Bank reduce fraud and chargebacks in iGaming?
Yapily enables account-to-account payments authenticated with Strong Customer Authentication, greatly reducing chargebacks and fraud risks and significantly reducing fraud risk.
Why should PSPs choose Yapily for Pay by Bank in iGaming?
Yapily combines extensive UK and European coverage, enriched account data, white-label integration, and leadership in VRP innovation, giving PSPs the complete toolkit to support iGaming operators at scale.
Yapily Ltd is authorised and regulated by the Financial Conduct Authority under the Payment Services Regulations 2017 for the provision of Account Information Services and Payment Initiation Services (FRN 827001).
Yapily provides open-banking connectivity and API infrastructure services. Yapily does not provide gambling services, fraud prevention, AML/KYC checks, affordability assessments, or compliance services, and does not assume PSPs’ or operators’ regulatory obligations under FCA or UK Gambling Commission requirements.
Any benefits described — including faster settlement, reduced costs, improved conversion, or reduced chargeback exposure — depend on each PSP’s and operator’s implementation, bank availability, and customer behaviour and are not guaranteed.
Coverage information is based on internal data as of January 2026 and may change.