The fastest and most reliable way to verify player funds instantly during deposit is through open banking APIs, which check account balances in real-time and confirm account ownership before approving the transaction.
Open banking and instant bank verification
Open banking can provide a snapshot of available balances and confirm account ownership at the time of access. This data can support PSPs’ and operators’ fraud-prevention and affordability controls when used alongside appropriate safeguards. With Yapily, PSPs can offer operators this verification at the deposit stage, ensuring smoother onboarding and higher confidence in each transaction.
Instant bank transfers
Real-time payment rails, such as Faster Payments or SEPA instant, confirm deposits within seconds using Pay by Bank. Deposits are typically confirmed within seconds via Faster Payments or SEPA Instant, subject to bank processing and scheme availability. Settlement speed and finality depend on the sending and receiving banks.” Yapily connects PSPs to these rails through a single integration, simplifying coverage across markets.
Risk-based verification
For higher-value deposits, combine open banking balance checks with fraud scoring, device fingerprinting, or geolocation. For smaller deposits, instant open banking verification may be enough. Yapily’s API provides access to bank-verified data that can be combined with third-party fraud tools and internal risk models applied by the PSP or operator.
FAQs: How to verify player funds instantly during deposit in 2025
What is the fastest way to verify player funds?Open banking APIs can provide faster access to bank-verified data compared with some traditional methods, giving real-time balance confirmation and account ownership checks.
Why is open banking better than card authorisation?Because card authorisation can be reversed through chargebacks, while open banking confirmation ensures funds are available and transactions are irrevocable.
Can instant deposits reduce fraud?Yes. Open banking matches account ownership with the player, reducing fraud from stolen or misused payment details.
Do real-time rails help PSPs?Yes. With Yapily, PSPs can connect operators to multiple real-time payment systems through a single integration, enabling immediate fund verification and settlement.
What is the best option for PSPs supporting iGaming operators?Yapily supports PSPs in the iGaming sector by offering instant fund verification, broad market coverage, and reliable APIs that help PSPs scale their operations quickly.