iGaming Payment Solutions
PayDo Review
Is It the Right Account Provider for Your iGaming Business?
A UK e-money institution that sells the operator a multi-currency account and a 350-method cashier under one roof, accepts any gambling license including Curaçao, and carries a third of its Trustpilot reviews at one star.
Saffron Walden, United KingdomQuick Info
- Type
- E-money institution
- Class
- Own license
- Regulator
- Financial Conduct Authority
- License
- 900916
- HQ
- Saffron Walden, United Kingdom
- Pricing
- Published
Our Verdict: Should You Bank With PayDo?
Final assessment for iGaming operators, studios and affiliates
Tier 2: register-verified and gambling stated on its own site
Summary
PayDo is a hybrid. Ecommerce Technologies Ltd holds an FCA e-money authorization (900916, since June 2019) and runs two products under the PayDo name: a multi-currency IBAN with SEPA Instant, Faster Payments, SWIFT, cards, mass payouts and an API, and a Checkout acquiring product aimed at operators, with 350 or more payment methods and up to 98% conversion on PayDo's own numbers. This section rates the account side. The cashier product is not verified for cashier use here and belongs in the PSP catalog if it passes that gate. The license policy is the widest in the section, all iGaming licenses with Curaçao named, and that openness travels with the record: Trustpilot 3.4 on 368 reviews with 32% one star and a run of frozen-funds complaints from July to September 2026, plus a FinTelegram file tying PayOp and PayDo to unlicensed casinos, which PayDo disputes and no regulator has acted on. The company is run from Ukraine by its CEO Serhii Zakharov, with entities in Canada and Malta, and names no clients.
Strongest Point
Breadth on one license. An FCA-authorized EMI in its own name, an IBAN in 19 to 35 currencies with SEPA Instant, Faster Payments and SWIFT on it, cards, mass payouts, an API, and a 48-hour opening claim. For a Curaçao-licensed operator that the rest of this section turns away or leaves guessing, PayDo is the one licensee that says yes in advance, and it shows sample rates (0.3%, 1.5% for high-risk) where most competitors show nothing.
Key Limitation
Trust, in both directions. Thirty-two percent of 368 Trustpilot reviews are one star, and the complaints of summer 2026 describe frozen balances, the failure mode that matters most for a settlement account. FinTelegram ties PayOp and PayDo to Gamdom, Rolletto and RichKing, casinos without a license in the markets they serve; PayDo disputes the file, and the FCA has taken no action. Our reading: a provider whose policy accepts every gambling license will end up banking operators at the edge of legality, and a bank or PSP that later reviews your counterparty list will see PayDo through that lens. Three smaller gaps sit underneath. The Maltese payment institution license PEU-24118 that Paydo EU Ltd cites stays unverified in the MFSA register, the full price list stays private behind two sample rates, and the account and the acquiring product share one compliance function, so a problem on the cashier side reaches the account.
Recommendation
Use PayDo where its openness is the point: a Curaçao-licensed operator that needs a multi-currency IBAN with Faster Payments and SEPA Instant from a licensee and can keep the balance low. Take the account and the Checkout product as separate decisions, because the cashier side is not verified here, and ask for the full fee schedule rather than the two sample rates. If you hold an MGA or UKGC license with a clean compliance file, the licensees with cleaner review records in this section are the better counterparty; the company you bank with is what your own bank will judge you by.
Pros
- FCA-authorized e-money institution in its own name (900916) since June 2019
- Multi-currency IBAN with SEPA Instant, Faster Payments and SWIFT, plus cards, mass payouts and an API
- Accepts all iGaming licenses, Curaçao named
- Sample rates published (0.3%, 1.5% for high-risk) and a 48-hour opening claim
- Acquiring under the same license for operators that want one counterparty
Cons
- Trustpilot 3.4 on 368 reviews, 32% one star, with frozen-funds complaints through summer 2026
- FinTelegram links PayOp and PayDo to unlicensed casinos; disputed, and untouched by any regulator
- No named clients
- Only two sample rates public; the full price list is quoted individually
- Maltese license PEU-24118 unverified in the MFSA register
- Hybrid: the acquiring product is not verified for cashier use and shares a compliance function with the account
Ready to open the conversation with PayDo?
Gambling Policy, in the Provider's Own Words
What the company itself says about serving iGaming, and how we read it
“All iGaming licenses (Curacao included)”
Our reading
iGaming has its own product page and sits inside the high-risk account offer; any gambling license qualifies, with Curaçao named outright, which makes PayDo the most open licensee in this section.
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 |
|---|---|---|---|---|
| Financial Conduct Authority | Ecommerce Technologies Ltd | E-money institution · 900916 | Authorised Electronic Money Institution (since Jun 28, 2019) | Sep 1, 2026, regulator's extract |
- Legal entity
- Ecommerce Technologies Ltd, 10844998
- Headquarters
- Saffron Walden, United Kingdom
- Founded
- 2017
- Class
- Own license
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 | Available | Dedicated account, not a pooled reference |
| SEPA | Available | SEPA Instant, SEPA Credit Transfer, Faster Payments |
| SEPA Instant | Available | Instant euro transfers |
| SWIFT | Available | Multi-currency IBAN; PayDo's own count runs from 19 to 35 currencies depending on the product |
| 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 | Available | Hybrid: the cashier side is rated in the PSP catalog, not here |
Onboarding
- Non-EU companies
- Not stated
- Time to open
- 48 hours on one product, 2 to 5 business days on another
- Licenses named
- Curaçao
Pricing, published
Only sample rates are shown: 0.3%, and 1.5% for high-risk business. The full schedule is quoted individually.
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
368 reviews, 32% one-star, read Sep 1, 2026.
Not to be confused with: PayDo Payments Ltd does not exist. PAYDO HOLDING LTD and PAYDO PAYROLL LTD at Companies House are unrelated companies; the licensed entity is Ecommerce Technologies Ltd.
Frequently Asked Questions
4 questions about PayDo
Yes, in the UK. Ecommerce Technologies Ltd, the company behind PayDo, is an FCA-authorized electronic money institution, firm reference 900916, since June 28, 2019. The Maltese entity Paydo EU Ltd cites a payment institution license PEU-24118 that is unverified in the MFSA register, and Paydo Canada is registered with FINTRAC under M22419089.
Yes, by policy: all iGaming licenses, Curaçao included. That is the widest stance in this section. Expect the compliance review to be the real filter, and expect the account to fall under the same review as the Checkout product if you take both.
Both, which is why it is listed here as a hybrid. The account is a multi-currency IBAN from an FCA e-money institution; Checkout is an acquiring product with 350 or more payment methods aimed at operators. This section rates the account. The cashier side is not verified here, so treat it as a separate purchase.
Ecommerce Technologies Ltd, UK company 10844998. There is no PayDo Payments Ltd, and PAYDO HOLDING LTD and PAYDO PAYROLL LTD at Companies House are unrelated companies.