Xace debuts virtual debit cards

May 17, 2021 | Sarah Blackburn

Individual and business account holders in the UK can now access virtual debit cards as standard and at no extra cost, European rollout due in the next few weeks

Xace, the fast-growing account and payment services provider for the gaming sector, is now offering Virtual Debit Cards to all individual and business account holders in the UK as standard and at no extra cost.

Xace Virtual Debit Cards are ideal for online purchases, both one off and on-going, employee cost tracking and speedy issuance. The card is connected directly to the Xace payment account in the same way a traditional debit card would work.

Account holders can issue new cards at the click of a button, cancel and renew whenever they wish, pay in both GBP and EUR and issue Virtual Debit Cards to staff remotely – all from within the Xace application.

Virtual Debit Cards are currently available to UK account holders but will be rolled out to European account holders in the coming weeks. Xace also plans to launch physical cards for both UK and European account holders later this year.

Xace is the perfect solution for businesses, affiliates and individuals in the gaming and esports sectors, but also serves other industries including ecommerce, tech and FX.

Xace has grown quickly since launching a little under a year ago and especially among gambling businesses that struggle to set up accounts with traditional high street providers. In addition, new customers can be onboarded in just three business days.

Annie Osborne, Chief Commercial Officer at Xace, said: “Our products and services have been designed to offer a seamless payment solution for individuals and businesses in the gambling sector, and the launch of our Virtual Debit Cards builds on this.

“That our Virtual Debit Cards can be managed directly from within the Xace application just adds to the convenience we provide our customers. While initially available in the UK, we will be rolling them out to our European customers imminently.

“By offering a cutting-edge payments solution to individuals and businesses that are struggling to obtain accounts via traditional high street providers, we have been able to grow rapidly in a short space of time and the launch of Virtual Debit Cards will enable us to continue to expand at pace.”