Banking opportunities for Esports Businesses

  • Aug. 25th 2020
  • |
  • BankApply
Banking opportunities for Esports Businesses

At BankApply we define Online Gaming businesses as ventures involving online casinos, lottery or gambling games operating on the internet and granted with the required licenses. In order to run business and accept payments from their end-users Online Gaming companies have to build strong partnerships with their financial institutions. Taking into account that Esports is a relatively new ecosystem, many banks are doubtful when it comes to opening bank accounts for gaming companies.

Financial institutions frequently impose severe requirements on gaming companies before opening them bank accounts. Considering that online gaming companies are considered unsafe they are often rejected by financial institutions and instead have to partner with a risky payment processor that has some experience in working with the gaming industry.

We understand how important it is for your online gaming company to have a bank account opened at a financial institution that has expertise in the Esports industry and can customize their solutions to meet your special needs. BankApply recommends you to select a financial institution that has an experienced team, support online gaming transactions, provide IBAN accounts with multiple currencies as well as support payment options including SWIFT and SEPA payments.

BankApply has collected 3 offers from trusted financial institutions that have competitive fees, seamless onboarding, pioneering technologies and other features that will support the development of your Esport business:

1. GURU PAY

Guru Pay is a licensed Electronic Money Institution based in Lithuania and regulated by the Bank of Lithuania. The institution carries out financial services activities i.e. issuance of e-money, payment execution (domestic and cross-border), the opening of IBAN accounts, SEPA payments, etc.

Website: https://gurupay.eu/

Contact: [email protected]

Pricing: https://gurupay.eu/docs

2. SATCHELPAY

SatchelPay is a European electronic money institution with a licence covering 31 countries, that was built in order to serve today’s needs for private individuals and international businesses. Wide range of correspondent banks in Europe, Asia and Latin America, enables clients to load their accounts in local currencies and to send funds out in entirely different currencies at the real market rate.

Website: https://www.satchelpay.com/

Contact: [email protected]

Pricing: https://www.satchelpay.com/en/fees/

3. RBFC

RBFC provides bank wire transfers (SWIFT/SEPA) in all major global currencies as well as issuing its clients ATM/Debit Cards that could be used worldwide. RBFC claims that the accounts could be opened within 1 business day with the help of their dedicated compliance team. 

Website: https://www.rbfc.com/

Contact: [email protected]

Pricing: https://www.rbfc.com/faq#fee

 

Want To See More Banking Opportunities for Esports Businesses?

These are just 3 offers to open a bank account for Esports Businesses. Register at BankApply to find more options that suit your exact needs, including conventional banks. 

Read why it makes sense to open an account abroad.

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