iGaming Payment Solutions
Bankera Review
Is It the Right Account Provider for Your iGaming Business?
A Maltese agent selling accounts on a Lithuanian e-money license, with one of the broadest iGaming account products in this section and a license holder the Bank of Lithuania has fined twice for anti-money-laundering failures.
MaltaQuick Info
- Type
- E-money institution
- Class
- Agent of a licensed EMI
- Regulator
- Bank of Lithuania
- License
- intermediary of UAB Pervesk (LB000426)
- HQ
- Malta
- Pricing
- Published
Our Verdict: Should You Bank With Bankera?
Final assessment for iGaming operators, studios and affiliates
Tier 2: register-verified and gambling stated on its own site
Summary
Bankera is not the licensee. Era Finance Ltd, the Maltese company behind the brand, is a registered intermediary of UAB Pervesk, the Lithuanian e-money institution that issues the money and holds the client funds, and the Bank of Lithuania fined Pervesk EUR 130,000 with a warning on August 26, 2025, for failures in assessing high-risk clients and foreign financial institutions, in transaction monitoring and in staff training. It was the second fine, after EUR 244,000 in 2018. The account product itself is broad: an IBAN, SEPA Instant, SWIFT, corporate cards, three APIs (account, merchant, open banking), mass payments by file import or API, and a separate client-funds account for B2C operators, with the Lithuanian Gaming Control Authority blacklist as the only stated exclusion. Fees are published, which is rare here. Set against that are 787 Trustpilot reviews at 2.0, a third of them one star, and the trail of Bankera ICO money that moved through Pervesk to Pacific Private Bank in Vanuatu, a bank the founders own, which OCCRP documented.
Strongest Point
Breadth and a price list. Bankera covers the IBAN, instant euro payments, SWIFT, team cards and affiliate mass payouts in one account, names iGaming operators and PSPs in its price tier, and publishes the fees for that tier, so an operator knows the cost before the compliance file opens. The separate client-funds account for B2C operators is a piece of structure most providers in this section leave to the operator to arrange.
Key Limitation
The counterparty. The contract is with a Maltese agent, the money sits with a Lithuanian EMI fined twice for anti-money-laundering failures, and the 2025 finding concerned the risk assessment of high-risk clients, which is the category an iGaming operator falls into. A supervisor that has just told Pervesk to tighten high-risk onboarding will be watching the gambling book, and an operator on that book will feel it as slower reviews and more frozen balances. Trustpilot already shows the pattern that matters for a settlement account: 2.0 on 787 reviews, with held funds (one February 2026 case describes EUR 300,000 blocked since January 16) and the non-refundable EUR 900 application fee as the recurring complaints. No accepted-license list exists, so a Curaçao-licensed operator learns whether the door is open only after paying the fee, and the currencies on the account are unstated.
Recommendation
Treat Bankera as an account you open for a specific rail, such as SEPA Instant settlements from a PSP or affiliate mass payouts, rather than the home of your float, and keep the balance at what you could afford to have frozen while a compliance review runs. Read the Bank of Lithuania's 2025 decision on Pervesk before you pay the EUR 900 application fee, and get a written answer on whether your license qualifies before the money leaves. If you want a licensee rather than an agent as the counterparty, the licensees in this section are the better pick.
Pros
- Broad product: IBAN, SEPA Instant, SWIFT, corporate cards, mass payouts, three APIs
- Separate client-funds account for B2C operators
- Published fees for the iGaming tier: EUR 900 application, EUR 1,500, EUR 200 a month
- Only stated exclusion is the Lithuanian Gaming Control Authority blacklist
- Agent structure disclosed: Era Finance Ltd is listed as Pervesk's intermediary in the Bank of Lithuania register
Cons
- Not the licensee: the contract is with a Maltese agent and the funds sit with UAB Pervesk
- Bank of Lithuania fined Pervesk EUR 130,000 in August 2025 and EUR 244,000 in 2018, both for AML failures
- Trustpilot 2.0 on 787 reviews, 33% one star, with frozen balances and the non-refundable application fee as recurring complaints
- Bankera ICO funds moved through Pervesk to a founder-owned bank in Vanuatu
- No accepted-license list; currencies and safeguarding terms unstated
Ready to open the conversation with Bankera?
On Record
2 enforcement and dispute items an operator should read before opening an account
- Aug 26, 2025. Bank of Lithuania fined UAB Pervesk, the license holder behind Bankera, EUR 130,000 and issued a warning for anti-money-laundering failures: risk assessment of high-risk clients and foreign financial institutions, transaction monitoring and staff training. source
- Sep 19, 2018. Bank of Lithuania fined UAB Pervesk EUR 244,000, the first of two anti-money-laundering fines against the license holder. source
Gambling Policy, in the Provider's Own Words
What the company itself says about serving iGaming, and how we read it
“iGaming payment accounts at Bankera”
Our reading
iGaming operators share the compliance-heavy price tier with crypto exchanges and PSPs; Bankera has sold iGaming payment accounts since 2021 and in 2026 added cards for iGaming teams and B2B rails for affiliates to the pitch. No license list exists: the only stated exclusion is the Lithuanian Gaming Control Authority blacklist.
Licenses named as accepted
Client types named
License, Read in the Register
Entity, license type and number as the regulator prints them, with the date we read the entry
| Regulator | Entity | Type · number | Status | Read |
|---|---|---|---|---|
| Bank of Lithuania | Era Finance Ltd | E-money institution · intermediary of UAB Pervesk (LB000426) | Intermediary of an electronic money institution licensed in Lithuania, valid since 2019-12-30 (since Dec 30, 2019) | Sep 1, 2026, register page |
Who actually holds the license and the money
- UAB Pervesk · license holder; issues the e-money and holds client funds · Bank of Lithuania LB000426
- Legal entity
- Era Finance Ltd, C 92740
- Headquarters
- Malta
- Founded
- Not stated
- Class
- Agent of a licensed EMI
Safeguarding of client money
The provider publishes no safeguarding statement we could quote. Ask where client funds are held and under which regime before you fund the account.
The Account
What the operator actually gets on the account, and what it costs to open
| Feature | Status | Details |
|---|---|---|
| IBAN in your company's name | Not available | Issued by a partner licensee, see the license section |
| SEPA | Available | SEPA Instant, SEPA Credit Transfer |
| SEPA Instant | Available | Instant euro transfers |
| SWIFT | Available | Not stated |
| Cards | Available | Corporate cards on the account |
| API | Available | Programmatic access to payments and reporting |
| Bulk payouts | Available | Batch payments for affiliates and suppliers |
| Crypto or stablecoins | Not available | None on the account |
| Card acquiring as well | Not available | Accounts only, no player collection |
Onboarding
- Non-EU companies
- Not stated
- Time to open
- Not stated
- Licenses named
- Not stated
Pricing, published
Bankera's own price list puts crypto exchanges, iGaming operators and PSPs in one tier: EUR 900 application fee, a further EUR 1,500, and EUR 200 a month. The application fee is not refunded if the account is declined.
Named Clients and Reputation
Who vouches for the provider on the record, and what its own customers say
Named iGaming clients
None named on a first-party source. Every operator using this provider does so without a public reference.
Reputation
787 reviews, 33% one-star, read Sep 1, 2026.
Frequently Asked Questions
3 questions about Bankera
No. Bankera is a brand of Era Finance Ltd, a Maltese company registered with the Bank of Lithuania as an intermediary of UAB Pervesk, a Lithuanian e-money institution. Pervesk holds the license (LB000426) and your funds; Era Finance Ltd is the agent you contract with.
Yes. iGaming operators share a price tier with crypto exchanges and PSPs, at EUR 900 to apply, a further EUR 1,500, and EUR 200 a month, and B2C operators get a separate client-funds account. The only stated exclusion is the Lithuanian Gaming Control Authority blacklist, so ask in writing whether your license qualifies before you pay the application fee, because it is not refunded.
The Bank of Lithuania fined UAB Pervesk EUR 130,000 and issued a warning on August 26, 2025, for anti-money-laundering failures: risk assessment of high-risk clients and foreign financial institutions, transaction monitoring and staff training. An earlier fine of EUR 244,000 dates from September 2018. Since Pervesk holds every Bankera client's money, its supervisory record is the one you are pricing in.