iGaming Payment Solutions
Bankera Review
Is It the Right Account Provider for Your iGaming Business?
A Maltese agent selling gambling businesses an account with an IBAN, SEPA Instant, cards and mass payouts on the e-money license of UAB Pervesk, which the Bank of Lithuania has fined twice for anti-money-laundering failures.
- Trustpilot
- 2.0/5 (787)
- Headquarters
- Malta
- Regulator
- BoL
MaltaQuick Info
- Type
- E‑money institution
- Class
- Agent of a licensed EMI
- Regulator
- BoL
- 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: on a regulator's register and open to gambling businesses
Summary
Era Finance Ltd, the Maltese company behind Bankera, sells the account as a registered intermediary of UAB Pervesk, the Lithuanian e-money institution that issues the e-money and holds client funds. The Bank of Lithuania has fined Pervesk twice for AML failures, most recently EUR 130,000 in August 2025, and warned it again in September 2026 over supervisory reporting. For that counterparty risk the operator gets one account for settlements, team cards and affiliate payouts, plus a separate client-funds account for B2C operators, at fees Bankera publishes before anyone applies. The decision turns on how much money an operator will leave with Pervesk, given that record and a run of complaints about frozen balances.
Strongest Point
Bankera puts the IBAN, SEPA Instant, SWIFT, cards for the operator's team and mass payouts to affiliates, by file import or API, in one account, with account, merchant and open banking APIs on top. It publishes the fees of its iGaming tier, so an operator knows the cost before the compliance file opens. B2C operators also get a separate client-funds account, so player balances stay out of the operating account.
Key Limitation
The operator signs with a Maltese agent while Pervesk holds the money, and in its August 2025 decision the Bank of Lithuania faulted Pervesk's assessment of high-risk clients, the category an iGaming operator falls into. Bankera's 787 Trustpilot reviews average 2.0, and a recurring complaint is held funds, the risk that hurts a settlement account most. One reviewer had a EUR 300,000 balance blocked from January 16, 2026. The non-refundable application fee is the other recurring complaint, and it hurts more because Bankera decides each gambling application case by case, so a Curaçao-licensed operator learns whether the door is open only after paying.
Recommendation
Open Bankera for one rail, such as SEPA Instant settlements from a PSP or mass payouts to affiliates, keep your float elsewhere, and hold no more on the account than you could afford to have frozen during a compliance review. Get a written answer on whether your license qualifies before you pay the EUR 900 application fee. For a contract with the license holder itself, look at FinXP, which holds its own MFSA e-money license and has worked with Kindred Group since 2018, or Transferra, an FCA e-money institution with plans from EUR 49 a month.
Pros
- IBAN, SEPA Instant, SWIFT and corporate cards for the operator's team in one account
- Mass payouts to affiliates by file import or API, alongside account, merchant and open banking APIs
- Separate client-funds account for B2C operators
- Public pricing for the iGaming tier, with a EUR 200 monthly fee known before applying
- Only operators on the Lithuanian Gaming Control Authority blacklist are barred outright, so no gambling license is ruled out up front
Cons
- The contract is with a Maltese agent, while UAB Pervesk holds the license and the funds
- Pervesk was fined EUR 130,000 in August 2025 and EUR 244,000 in 2018 for AML failures, each time with a warning
- Pervesk drew another Bank of Lithuania warning on September 8, 2026, over supervisory reporting
- Trustpilot 2.0 on 787 reviews, 33% one-star, with frozen balances and the non-refundable application fee as recurring complaints
- Bankera decides each gambling application case by case, and only after the non-refundable application fee is paid
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. The Bank of Lithuania fined UAB Pervesk, the license holder behind Bankera, EUR 130,000 and issued a warning for breaches of Lithuania's anti-money-laundering law and the Bank's AML instructions for market participants, covering the risk assessment of high-risk clients and foreign financial institutions, transaction monitoring and staff training. source
- Sep 19, 2018. The Bank of Lithuania fined UAB Pervesk EUR 244,000 and issued a warning, the first of the Bank's two anti-money-laundering fines against the license holder. source
Gambling Policy
Whether the company serves iGaming businesses, on what terms, and which licenses and client types it accepts
“iGaming payment accounts at Bankera”
Our reading
Bankera has sold iGaming payment accounts since 2021 and in 2026 added cards for iGaming teams and B2B payment rails for affiliates. It bars operators on the Lithuanian Gaming Control Authority blacklist outright and decides on every other gambling operator case by case, after the application fee is paid.
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
- Bank of LithuaniaRead , register page
Era Finance Ltd · E-money institution · intermediary of UAB Pervesk (LB000426)
Intermediary of an electronic money institution licensed in Lithuania (since Dec 30, 2019)
Who actually holds the license and the money
- UAB Pervesk · license holder that 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
- IBAN in your company's nameNo
Issued by a partner licensee, see the license section
- SEPAYes
SEPA Instant, SEPA Credit Transfer
- SEPA InstantYes
Instant euro transfers
- SWIFTYes
Not stated
- CardsYes
Corporate cards on the account
- APIYes
Programmatic access to payments and reporting
- Bulk payoutsYes
Batch payments for affiliates and suppliers
- Crypto or stablecoinsNo
None on the account
- Card acquiring as wellNo
Accounts only, no player collection
| Feature | Status | Details |
|---|---|---|
| IBAN in your company's name | No | Issued by a partner licensee, see the license section |
| SEPA | Yes | SEPA Instant, SEPA Credit Transfer |
| SEPA Instant | Yes | Instant euro transfers |
| SWIFT | Yes | Not stated |
| Cards | Yes | Corporate cards on the account |
| API | Yes | Programmatic access to payments and reporting |
| Bulk payouts | Yes | Batch payments for affiliates and suppliers |
| Crypto or stablecoins | No | None on the account |
| Card acquiring as well | No | Accounts only, no player collection |
Onboarding
- Non-EU companies
- Not stated
- Time to open
- Not stated
- Licenses named
- Not stated
Pricing, published
Bankera puts iGaming operators in one price tier with crypto exchanges and PSPs. The tier costs a EUR 900 application fee, a further EUR 1,500 and EUR 200 a month, and the application fee is not refunded if Bankera declines the account.
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
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 since December 30, 2019, as an intermediary of UAB Pervesk. Pervesk is a Lithuanian e-money institution licensed since November 6, 2017 (LB000426), and it issues the e-money and holds client funds, while Era Finance Ltd is the agent the operator signs with.
Yes. Bankera has sold iGaming payment accounts since 2021 and prices operators in one tier with crypto exchanges and PSPs, at EUR 900 to apply, a further EUR 1,500 and EUR 200 a month. B2C operators get a separate client-funds account. Bankera bars operators on the Lithuanian Gaming Control Authority blacklist outright and decides on every other operator case by case, keeping the application fee if it declines the account.
Yes, twice. On August 26, 2025, the Bank of Lithuania fined UAB Pervesk EUR 130,000 and issued a warning for breaches of Lithuania's anti-money-laundering law and the Bank's AML instructions, among them failures in assessing high-risk clients and foreign financial institutions, in transaction monitoring and in staff training. The first fine, EUR 244,000 with a warning, came on September 19, 2018. On September 8, 2026, the Bank warned Pervesk again, without a fine, for breaking the supervisory reporting rules for e-money institutions. Pervesk's license stands without restrictions. Because Pervesk holds every Bankera client's money, this record is the counterparty risk an operator takes on.