Open Banking payments have overtaken credit and debit cards as the most popular deposit and withdrawal method across European online casinos, according to European FinTech research.

Frictionless KYC and Instant Payouts

By leveraging authorized bank APIs, Open Banking enables biometric deposit authentication via FaceID/fingerprint while automatically confirming bank account ownership, eliminating manual bank statement verification.

Zero Chargeback Risk

Casinos benefit from instant settlement and complete elimination of card interchange fees, passing savings back to players through zero-fee withdrawals.