iGaming Payment Solutions
PayDo Review
Is It the Right Account Provider for Your iGaming Business?
PayDo sells operators a multi-currency account from its Maltese e-money institution and a Checkout cashier with 350-plus methods. It takes operators on any gambling license, Curaçao included, though a third of its Trustpilot reviews are one star.
- Trustpilot
- 3.4/5 (368)
- Founded
- Headquarters
- Saffron Walden, United Kingdom
- Regulator
- FCA
- Licenses named
- Curaçao
Saffron Walden, United KingdomQuick Info
- Type
- E‑money institution
- Class
- Own license
- Regulator
- FCA
- 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: on a regulator's register and open to gambling businesses
Summary
PayDo, led by CEO Serhii Zakharov, runs a multi-currency IBAN with cards and mass payouts next to Checkout, an acquiring product with 350 or more payment methods. In 2026 Paydo EU Ltd, a Maltese e-money institution, took the client accounts over from Ecommerce Technologies Ltd, the FCA-authorized UK company. An account costs EUR 100 to EUR 200 a month after a setup fee of up to EUR 1,500. The policy of taking any gambling license comes with a 3.4 Trustpilot score on 368 reviews and frozen-funds complaints from July to September 2026.
Strongest Point
PayDo puts a multi-currency IBAN in 19 to 35 currencies on its own e-money license, with SEPA Instant, Faster Payments and SWIFT, cards, mass payouts and an API on the same account. Accounts open in 48 hours on one product and 2 to 5 business days on another, against 14 days at Satchel, which also takes Curaçao licensees.
Key Limitation
Thirty-two percent of PayDo's 368 Trustpilot reviews are one star, and the complaints from July to September 2026 describe frozen balances, the failure that hurts most on a settlement account. A bank or PSP reviewing an operator's counterparties will see a provider that accepts every gambling license, and that weighs on the operator's own file. The account and Checkout also share one compliance function, so a problem on the cashier side reaches the account.
Recommendation
PayDo fits a Curaçao-licensed operator that needs a multi-currency IBAN with Faster Payments and SEPA Instant and can keep the balance low. Treat the account and Checkout as separate decisions, and get your fee tier in writing before you pay a setup fee of up to EUR 1,500. An operator with an MGA or UKGC license and a clean compliance file has better counterparties in FinXP, which has had Kindred Group as a client since 2018, and Equals Money, rated 4.7 on 587 Trustpilot reviews.
Pros
- E-money licenses in the UK (FCA, since June 2019) and Malta (MFSA, since October 2024), with the Maltese license passported outside Malta
- Multi-currency IBAN with SEPA Instant, Faster Payments and SWIFT, plus cards, mass payouts and an API
- Accepts every iGaming license, Curaçao included
- Account opening from 48 hours
- Acquiring from the same provider for operators that want one counterparty
Cons
- Trustpilot 3.4 on 368 reviews, 32% one star, with frozen-funds complaints from July to September 2026
- The acquiring product shares a compliance function with the account
Ready to open the conversation with PayDo?
Gambling Policy
Whether the company serves iGaming businesses, on what terms, and which licenses and client types it accepts
“All iGaming licenses (Curacao included)”
Our reading
PayDo opens accounts for iGaming operators as part of its high-risk business banking. Any gambling license qualifies, Curaçao included, which is the widest license policy among the account providers rated here.
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
- Financial Conduct AuthorityRead , regulator's extract
Ecommerce Technologies Ltd · E-money institution · 900916
Authorised Electronic Money Institution (since Jun 28, 2019)
- 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
- IBAN in your company's nameYes
Dedicated account, not a pooled reference
- SEPAYes
SEPA Instant, SEPA Credit Transfer, Faster Payments
- SEPA InstantYes
Instant euro transfers
- SWIFTYes
Multi-currency IBAN, covering 19 to 35 currencies depending on the product
- 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 wellYes
Hybrid: the cashier side is rated in the PSP catalog, not here
| Feature | Status | Details |
|---|---|---|
| IBAN in your company's name | Yes | Dedicated account, not a pooled reference |
| SEPA | Yes | SEPA Instant, SEPA Credit Transfer, Faster Payments |
| SEPA Instant | Yes | Instant euro transfers |
| SWIFT | Yes | Multi-currency IBAN, covering 19 to 35 currencies depending on the product |
| 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 | Yes | 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
PayDo prices the business account by country, industry, company age and turnover. Setup runs from free to EUR 1,500, maintenance from EUR 100 to EUR 200 a month, and outgoing SEPA transfers cost 0.1% to 0.75%.
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
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, while PayDo's licensed companies are Ecommerce Technologies Ltd in the UK and Paydo EU Ltd in Malta.
Frequently Asked Questions
4 questions about PayDo
Yes, in the UK and Malta. Ecommerce Technologies Ltd, the UK company behind PayDo, has been an FCA-authorized electronic money institution (900916) since June 28, 2019. Paydo EU Ltd has held an MFSA license to issue electronic money since October 24, 2024, passports it outside Malta and took over PayDo's client accounts from the UK company in 2026. Paydo Canada Ltd is registered with FINTRAC as a money services business.
Yes. PayDo accepts every iGaming license, Curaçao included. Compliance review is the real filter, and an operator that takes both products has the account and Checkout under the same review.
Both, which is why PayDo counts as a hybrid. The account is a multi-currency IBAN from Paydo EU Ltd, a Maltese e-money institution, while Checkout is an acquiring product that carries 350-plus payment methods. PayDo's Tier 2 listing covers the account, and Checkout is a separate purchase.
Ecommerce Technologies Ltd, UK company 10844998, holds the FCA license, and Paydo EU Ltd holds the Maltese license and the client accounts. There is no PayDo Payments Ltd, and PAYDO HOLDING LTD and PAYDO PAYROLL LTD at Companies House are unrelated companies.