Ontario License Account

Named accounts for Ontario Licensed businesses. CAD, USD, EUR, GBP & more. Worldwide bank rails, including SWIFT. Pay and receive from 160+ Countries. No limits. Instant settlement. Multi user access and Dual Approval. Dedicated Account Manager. And more.

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Ontario Gaming Licensed? Everything You Need.

Xace are 100% focussed on banking and payments for the global gaming sector. We are a market leading banking and payment service provider, dedicated to supporting licensed operators in Ontario for Casino, Poker and sportsbook businesses.

To align with the release of the Ontario Gaming License, Xace expanded into Canada and is registered with FINTRAC as an MSB.

Our Xace banking and payment services operate worldwide, with fully connected banking rails for our Ontario Licensed customers. This means if you are a standalone Canadian entity, or part of a wider global group, Xace can support your requirements.

We issue named accounts under a Xace BIC/SWIFT code. Why does this matter? Xace make the decisions and we understand gambling, meaning you deal with one payment institution who truly knows the industry and your needs.

Global currencies, worldwide banking rails and dedicated account managers for each customer. What's more we facilitate instant payments, 24/7, any currency between companies using Xace.

Our named business accounts ensure an account is yours, while your clients and beneficiaries always see payments to and from your company.
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Multiple features

Our online banking platform is packed full of features to help our Ontario Licensed customers, with Xace pushing boundaries with what can be achieved in the gambling payments sector.

Ontario based operators who use Xace for their payment needs, as a Casino, Sportsbook, Poker table or Lottery, can benefit from a market leading product and engaging account management team.

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Multiple payment options

Whether you operate within Ontario, or from outside Ontario, Xace is there to provide you with all the payment and banking services you will need.

Business Payment Account Features

Niche and specialist for Canadian Licensed firms & iGaming Businesses
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    Canada iGaming Specialists
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    Named Accounts, receive and pay to third parties in your name.
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    Worldwide bank rails and currencies, no transaction limits
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    Instant settlement to your group companies and other Xace clients
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    FX, Multi User Access, 4-eye approvals if required
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    Dedicated Account Manager
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Accounts to suit your business

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Ontario Operators

Ontario Licensed Accounts, packed with business features.

Suitable for Operators who:

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    have an Ontario Gaming License or are in the application phase
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    wish to receive settlements from third parties, PSP's, card processors and more
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    has any type of ownership structure
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Ontario Game Providers

An account for Ontario Game Providers and Aggregators.

Suitable for Game Providers who:

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    are incorporated in Ontario, or
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    target Ontario, or
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    development or market games for Ontario Licensed Operators
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Affiliates & More

For affiliates and marketing gambling companies.

Suitable for Affiliates who:

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    accept payments from any operators
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    target and promote Ontario Gaming
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    wish to make payments to online promotion or marketing sites, sub-affiliates and more
Canada Casino
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$1,000,000
Most Recent
$100,000
Card Processor
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$50,000
Paypal
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Affiliates
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$250,000
Most Recent
$200,000
Commission
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-$50,000
Google
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Online Access

Instant switching between separate accounts to keep your business or current account organised
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Manage unlimited accounts
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Push notifications
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Spending alerts
Manage unlimited accounts
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12 Currencies
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FX between accounts and to third parties

Specialist Business Features

Running your business will require more than just a simple business account. Our features are growing all the time to provide you with friction-less tools you need for day to day business banking.
FX and International Payments

Xace customers can FX between their accounts, or settle to 160+ countries. Furthermore all companies with Xace benefit from instant international FX between accounts.

Clear and Transparent Cost Tracking

Keep track of your business with multiple accounts per currency, with spending alerts from inbound and outbound transactions. Split your user payment approvals, however you require.

Sub Accounts, per Sector or Department

Split your accounts between department, currency, account type or however you determine. Unlimited accounts can be added, just ask your Account Manager.

Internal Payments

Simple, quick, instant. Move your money around whenever you like. Xace never closes and Internal Payments are possible all day, every day.

Accountant Friendly

Make life a little easier for your finance teams, with multiple report download options. We have bespoke reports based on the criteria of your accountant or finance teams.

Managed Accounts

We know gambling and payments. Our Account Managers are always on hand to provide support or assistance, as well as keeping you advised on our new features.

Apply Now

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October 11, 2022
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Latest News

Ontario License Account
Oct 18, 2022
2 min read

Xace targets Ontario License holders with MSB License in Canada

With the recent launch of the Ontario Gaming License, Xace have expanded their services and currencies in Canada with an MSB license.
Xace
Marketing
Read More

Categories

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Bitcoin Banking & Payments

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Esports Payments

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Gambling Accounts

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Online Payments

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Payment Accounts

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iGaming Conferences

SBC Digital Payments (online)
CasinoBeats Slots Festival (online)
Prague Gaming Summit (online)
EGR Portugal Virtual Briefing 2021 (online)
iGaming NEXT: Bright Future (online)

Esports Events

SiGMA Europe
EPL: Season 14 Malta
European Esports Gaming
Malta BOV ePremier League
European Development Championship Season 3

Related Account FAQs

I have a parent company outside Canada, can I still apply?

Yes, Xace accept multi-tier structures, across multiple jurisdictions.

Which currencies can I get with Xace Canada?

At Xace we provide 12 currencies, all with gambling friendly payments available. These are CAD, USD but also EUR, GBP, CHF, CZK, DKK, HUF, NOK, PLN, RON, SEK.

Does Xace accept the Ontario Gaming License?

Yes, Xace accepts the Ontario Gaming License. Our onboarding team understand fully the Ontario license and can onboard licensed operators within 1 week. Please see our dedicated Ontario Gaming License information.

What payment methods or banking rails does Xace offer?

Currently Xace Canada offer SWIFT, CHAPS, BACS, UKFP and Fedwire.

About us

Our entire platform has been built to give our customers a wide range of payment options, across a wide range of sectors.
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Have a question?

We have a dedicated FAQ section, full resources section, and, if that doesn’t answer your question our support team are on hand to help.
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For questions relating to active accounts, please log in and access the messaging centre, available 24/7.

Join Xace and simplify the way you manage your money for both business and personal accounts.

Need help? Contact Support

Support

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Personal Account
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£120
Most Recent
£22.50
Shops ltd
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£65
Dad
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Business Account
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£10,345
Most Recent
£1,345
Biz Dev Ltd
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£734.43
IT Service
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Instant switching between separate accounts to keep your business or current account organised
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Manage unlimited accounts
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Push notifications
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Spending alerts
Manage unlimited accounts
Right icon
Push notifications
Right icon
Spending alerts
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Current Account
£10,192.29
Select Beneficiary
Step 1
Michael scott
45### 5673
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Michael Scott
45### 5673
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Michael Scott
45### 5673
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Michael Scott
45### 5673
Your payment
Step 4
Pay
Michael Scott
45### 5673
£10,192.29
01/02/2020
Confirm Payment
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What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Block Quote
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Multiple currencies
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GBP
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EUR
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Multiple payment options
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Virtual debit*
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Sepa
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Chaps
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Bacs
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Uk Faster payments

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UK based, a worldwide presence, Xace brings a new world of account options.
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    This is some text inside of a div block.
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    Virtual Debit Cards* (for online purchases)

Heading

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

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Paper clip icon

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Blocks icon

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Account & Transaction Fees

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Monthly Fee
Gaming Payment Account
£POA joining fee & £250 a month per account
Business Payment Account
£POA joining fee & £250 a month per account
Transaction Fees
Gaming Account
From 0.2%
Business Account
From 0.125%

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Featured Article

Online Payments
October 11, 2022
5 min read

5 ways your business can send and receive money internationally

Small businesses and freelancers have long complained about the costs of sending and receiving money from abroad.
Xace
Marketing

Latest News

Ontario License Account
Oct 18, 2022
2 min read

Xace targets Ontario License holders with MSB License in Canada

With the recent launch of the Ontario Gaming License, Xace have expanded their services and currencies in Canada with an MSB license.
Xace
Marketing
Read More

Categories

Paper clip icon

Bitcoin Banking & Payments

Paper clip icon

Esports Payments

Paper clip icon

Gambling Accounts

Paper clip icon

Online Payments

Paper clip icon

Payment Accounts

Orange slotBlue slotDark blue slotBlue slotLight blue slotOrange slot

Heading

I have a parent company outside Canada, can I still apply?

Yes, Xace accept multi-tier structures, across multiple jurisdictions.

Does Xace have a brochure or pdf?

We do, please contact us at info@xace.ca to request a copy, where one of our Account Managers will be happy to discuss with you.

Can I paying my gaming taxes or revenue share with Xace?

Yes, tax payments can be made from a Xace account, including Business tax, gaming taxes and revenue shares.

Which currencies can I get with Xace Canada?

At Xace we provide 12 currencies, all with gambling friendly payments available. These are CAD, USD but also EUR, GBP, CHF, CZK, DKK, HUF, NOK, PLN, RON, SEK.

What is the onboarding process like with Xace?

We make onboarding simple. Firstly please fill in the application on the site, this takes 2 minutes and no documents are required up front. Xace will then assess your application and ask you only for what we need, depending on your gaming business. We have bespoke onboarding for each customer.

How long does it take to onboard with Xace?

Currently if you have all the required documents for onboarding, Xace can have your account open within 1 week.

Does Xace accept the Ontario Gaming License?

Yes, Xace accepts the Ontario Gaming License. Our onboarding team understand fully the Ontario license and can onboard licensed operators within 1 week. Please see our dedicated Ontario Gaming License information.

Do Xace accept payments to and from Paypal?

Yes Xace many of our customers make payments to and from paypal.

My casino has a subsidiary company that processes payments, can I onboard this company?

Yes, Xace are able to review applications from subsidiary companies located worldwide. Please complete the initial application to see if you are eligible.

Is Xace a bank?

No, nor did we set out to be a traditional high street bank! Xace is an MSB registered with FINTRAC no. M22015684.

Can I have multiple accounts / multiple currencies with Xace under the same log in?

Yes, Xace offer a multi-account function. This is particularly useful for businesses with multiple divisions, or for individuals looking to manage their finances. Currently you can open multiple payment accounts in 10 currencies.

What payment methods or banking rails does Xace offer?

Currently Xace Canada offer SWIFT, CHAPS, BACS, UKFP and Fedwire.

How long does it take to open an account with Xace?

Almost all applications are reviewed within 1 business day for initial acceptability to Xace. After this, a full document request is provided, and the review phase can take around 1 week. Even in cases where the application is complex, your Onboarding Manager will keep you fully informed of the progress.

How do I open an account with Xace?

The first step is to apply using any of the links on the site. We will ask some initial questions but no documents are required to begin. After we assess your application, we will tailor our onboarding to your company and then ask for specific documents only.

About us

Our entire platform has been built to give our customers a wide range of payment options, across a wide range of sectors.
Read moreArrow orange
Sun icon

Have a question?

We have a dedicated FAQ section, full resources section, and, if that doesn’t answer your question our support team are on hand to help.
Read moreLight blue arrow icon
Moon icon
For questions relating to active accounts, please log in and access the messaging centre, available 24/7.

Join Xace and simplify the way you manage your money for both business and personal accounts.

Need help? Contact Support

Support
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Need more help? Request a business only call back within 24 hours

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