iGaming Payment Solutions
Bazk Review
Is It the Right Payment Solution for Your iGaming Business?
Weak
Bazk is a Brazil-only Pix gateway aimed at high-risk merchants, with iGaming, betting and dating as its core verticals. It started in 2018 as Safepag in Porto Alegre, ran an international arm called Inovapay, and merged the two into the single Bazk brand in December 2023. The product is deliberately narrow: Direct Pix rendered straight into the operator's cashier with no redirect, plus Boleto and bank transfer, pay-in and payout, and FX for cross-border merchants. What separates it from Pay4Fun is also its main weakness, since Bazk does not hold its own Bacen payment-institution license and reaches Brazil's bettor-payment compliance through Banco Topázio, a Bacen-authorized B2B bank, under a product branded Topázio Powered by Bazk that cascades across 10 banks to lift approval rates. Bazk says it has roughly 13% of the Brazilian betting segment and 100+ clients as of mid-2024, but those are its own unaudited figures, and the only operator anyone can name from independent reporting is Frank & Fred, from a 2020 deal under the Inovapay brand. It sits on the IBIA Payment Providers Forum next to Pay4Fun and OKTO, and exhibited at ICE Barcelona and SBC Rio in 2025. For a Brazilian-facing operator that wants Direct Pix in the cashier from a vendor comfortable with high-risk verticals, Bazk is a real option; outside Brazil it does nothing, and the pricing stays a black box until you get a quote.
Quick Info
- Type
- Brazil iGaming Pix gateway
- Founded
- 2018
- HQ
- Porto Alegre, Brazil
- Pricing
- % per transaction
- APMs
- N/A
- Settlement
- N/A
iGaming Score
- iGaming Fit
- 5.5
- Geographic Coverage
- 3.0
- Security & Compliance
- 4.0
- Fees & Pricing
- 5.5
- Tech & Integration
- 7.0
- User Trust
- 5.0
Our iGaming Score: 4.8/10
Weighted scoring across five criteria
| Criterion | Weight | Score | Rating |
|---|---|---|---|
| iGaming Fit 100% high-risk focus since 2018 (iGaming, betting, dating). IBIA Payment Providers Forum member. 13% of BR betting claimed (self-reported) | 30% | 5.5 | Adequate |
| Geographic Coverage Brazil only. Pix/Boleto/TED. No other LATAM market with local methods. CPF name-match required | 22% | 3.0 | Weak |
| Security & Compliance No own Bacen license; reaches compliance via Banco Topázio partnership. IBIA member. No PCI DSS Level 1, FCA or MGA published | 20% | 4.0 | Weak |
| Fees & Pricing No public rate card. Only published figure is a $100 admin fee on third-party-name transactions. Pix typically prices under 2% | 16% | 5.5 | Adequate |
| Tech & Integration Single REST API with Direct Pix, payout, webhooks, sandbox. Stale PHP/Java samples on github.com/inovapay (2019). No SoftSwiss/EveryMatrix connector | 12% | 7.0 | Strong |
| User Trust No Trustpilot or G2 profile; only a legacy-Safepag Glassdoor (3.6/5, 21 reviews) and a Reclame Aqui 'Não Recomendada' rating on the old Safepag brand. 100+ clients and 13% share are self-claimed; no operator is independently confirmed | 0% | 5.0 | Adequate |
| Overall | 100% | 4.8 | Weak |
We score each provider on 5 weighted criteria using a 1 to 10 scale. iGaming Fit carries the most weight at 30% because that is what matters most for gambling operators. Geographic Coverage gets 22%. Security & Compliance gets 20%. Fees & Pricing gets 16%. Tech & Integration gets 12%. The final score is a weighted average of those 5. Trustpilot is shown for context but carries no weight, since player reviews of casinos are not a read on B2B acquiring quality.
Score Explanation
Bazk scores best on iGaming Fit, because the whole company points at high-risk verticals: AFFCatalog lists it as a high-risk payment provider, the site names iGaming, adult and cannabis, and it sits on the IBIA Payment Providers Forum next to Pay4Fun and OKTO, which is tighter alignment than a generalist PSP. Geographic Coverage is the opposite, with one country, three local methods and a CPF name-match rule that ties deposits to Brazilian bettors, so it works as a Brazil plug-in but not as a base layer. Security sits below Pay4Fun and well below the enterprise PSPs because Bazk does not hold its own Bacen payment-institution license; it is registered as an auxiliary financial-services company and reaches bettor-payment compliance through Banco Topázio, which does. The IBIA membership is a real integrity signal, but there is no PCI DSS Level 1, FCA or MGA on the public record. Fees can't be graded properly without a rate card, since the only published number is a $100 administrative fee on transactions in someone else's name. Tech lands mid: the REST API does Direct Pix, payout and webhooks with a sandbox, but the public code samples date to 2019 under the old Inovapay org and there is no platform connector. User Trust is the weakest input, with no Trustpilot, no G2, only a legacy-Safepag Glassdoor and a Reclame Aqui 'Não Recomendada' rating, and the headline 13%-share and 100+-client numbers self-reported with a single operator anyone can independently name.
Who Is Bazk Best For?
Weighted scoring across five criteria
Recommended For
- Brazil-facing iGaming operators. Brazilian-facing casinos and sportsbooks that want Pix rendered directly inside their own cashier. Bazk's Direct Pix shows the QR code and transaction data on the operator's page with no redirect, which removes a step that costs conversions. Pix carries roughly 90-96% of Brazilian iGaming deposit volume in 2026, so a clean in-cashier Pix flow is the most important payment feature you can have in this market.
- High-risk merchants (betting, dating). High-risk merchants that more conservative processors turn away. Bazk openly markets to iGaming, betting and dating and frames itself as a partner that lets you reach Brazil without owning the regulatory plumbing yourself. If you run a vertical that EBANX or a bank-direct relationship won't take on the same terms, a gateway built around high-risk flow is the practical choice rather than the compromise.
- Operators wanting Direct Pix in their cashier. Operators that want a Brazilian betting-payments partner wired into a licensed bank. The Topázio Powered by Bazk product connects Bazk's Direct Pix and FX into Banco Topázio's Bacen-authorized rails, with a 10-bank cascade that retries across institutions to lift approval rates, plus a management account and an investment reserve. If you run a licensed .bet.br operation and want the compliance sitting behind a real bank, that structure is worth something.
- Small and mid-size Brazilian brands. Small and mid-size Brazilian brands that can't clear enterprise PSP volume floors. Bazk reports 100+ clients including smaller operators and publishes no minimum monthly volume, so the onboarding bar reads low next to Nuvei or Worldpay, which chase multi-million-dollar accounts.
Not Recommended For
- Global operators outside Brazil. Anyone with a meaningful non-Brazilian player base. Bazk's local rails are Pix, Boleto and TED, all Brazilian, and the CPF name-match rule ties deposits to Brazilian bettors, so Mexicans, Argentinians, Indians and Europeans aren't served. AstroPay covers a wider LATAM and Asia footprint and PayRetailers does 100+ methods across LATAM; for multi-country traffic Bazk is the wrong tool.
- Crypto-focused platforms. Crypto-first operators. Bazk has no on-ramp, off-ramp or stablecoin settlement, and Brazil's betting regulation bans crypto for bettor payments anyway. If you want crypto deposits alongside Pix, you run Bazk plus a separate provider such as NOWPayments or CoinsPaid.
- Operators needing their PSP to hold its own license. Operators that need the payment partner to hold its own Bacen license. Bazk doesn't; it is an auxiliary financial-services company that reaches bettor-payment compliance through Banco Topázio. Pay4Fun holds its own Bacen Payment Institution license directly, so if your compliance team wants the licensed entity to be the one on the contract, that is Pay4Fun and not Bazk.
- Operators needing published, benchmarkable pricing. Operators that need published, comparable pricing before they commit. There is no public rate card, and the only disclosed figure is a $100 administrative fee on transactions through accounts not in the merchant's own name. Everything else is quote-only, which tends to leave smaller operators with less leverage on worse terms than they'd get where volume tiers are standardized.
- Operators needing card-present, recurring billing or global card acquiring. Bazk is built for Brazilian Pix-first deposits and payouts, with no subscription engine, no global card stack and no card vault. Adyen, Worldpay or Nuvei handle those workflows.
Geographic Coverage
Per-market verdict, regions, and market focus
One provider, two answers. The verdict flips depending on who is asking, and that is the point. The overall score rates the company. This rates the fit for your market.
Offshore operator
Curaçao / Anjouan licence, serving grey and restricted markets.
Licensed operator
Holds the local licence in a regulated market.
Market-by-market verdict
For an offshore operator: Solid as a sportsbook processor in Brazil, and across the markets below.
| Market | Casino | Sportsbook |
|---|---|---|
| BR Brazil | Solid52 | Solid52 |
The tier is the verdict. The small number orders providers inside a tier; it is not a provider-level score. Full method on our methodology page.
Regions
- Latin America
Coverage Analysis
Brazil only. Bazk's local rails (Pix, Boleto, TED) are Brazilian, and Pix enforces a CPF name-match where the sender must be the registered bettor, which ties deposits to Brazilian residents. The product is cross-border in the sense that a foreign operator can integrate to take Brazilian Pix and settle abroad in USD, but the bettor base and the methods are domestic. There is no announced expansion into other LATAM markets with local methods.
Regional Breakdown
Within Brazil, coverage is national: Pix is universal and Bazk connects to multiple banks, with the Topázio product cascading across 10. For comparison, Pay4Fun is also Brazil-only but holds its own Bacen PI license; EBANX and dLocal cover Brazil plus the rest of LATAM; AstroPay adds Spanish-LATAM and India on a wallet model; PayRetailers does 100+ methods across Mexico, Colombia, Argentina, Chile and Peru that Bazk doesn't touch. If your roadmap is Brazil and then elsewhere, Bazk handles the Brazil leg and you run a second integration for the rest.
Licensed Jurisdictions
- Brazil SPA (via licensed operators)
Key Features for iGaming Operators
Products, payment methods, and verticals
Key Products
Direct Pix, Gateway In (pay-in), payout/cash-out, Topázio Powered by Bazk
Bazk's product line is narrow and Pix-first. Direct Pix is the flagship: the QR code and transaction data render inside the operator's own cashier page with no redirect, so the player never leaves the site to pay. Gateway In handles the pay-in side and validates incoming data, while payout/cash-out pushes withdrawals back to players over Pix. Boleto (cash voucher) and bank transfer (TED) round out the local methods, though Pix dominates. The whole thing is one REST API with webhooks, a sandbox, Round Robin provider switching and Health Check validation. On top of that sits Topázio Powered by Bazk, the regulated-betting product built with Banco Topázio: it wires Bazk's Direct Pix and FX into the bank's Bacen-authorized rails, runs a 10-bank cascade to retry declined transactions across institutions, and adds a dedicated management account, an investment reserve and 24/7 operation. For cross-border merchants, Bazk supports BRL collection with USD settlement so a foreign operator can take Brazilian Pix and receive funds abroad.
Payment Methods
Three local methods, Pix dominant. Pix is the instant Central Bank rail that settles in under 10 seconds, 24/7 including weekends, and carries roughly 90-96% of Brazilian iGaming deposit volume in 2026; Bazk's Direct Pix renders the QR straight into the operator's cashier with no redirect. Boleto bancário is the cash and bank voucher for deposit-only, unbanked users, and bank transfer (TED) is the legacy wire, mostly displaced by Pix. Cards are deliberately absent for betting, since Law 14.790 banned credit cards for bettor payments from January 2025, so a card flow would be non-compliant. By contrast AstroPay supports 50+ methods across LATAM and Asia, PayRetailers 100+ and EBANX 200+; Bazk's lean list reflects how completely Pix has taken over Brazilian betting.
Verticals
High-risk first. AFFCatalog describes Bazk as a payment provider for high-risk verticals, and its own materials name iGaming, betting, dating/adult and even medical cannabis as target markets. The product roadmap, compliance posture and account management all sit with high-risk merchants, so this is not a generalist that happens to take gambling, and eCommerce is not the focus. That stance is the practical reason an operator turned away elsewhere ends up here.
- iGaming (casinos
- sportsbooks)
- betting
- dating/adult
- high-risk merchants
| Feature | Status | Details |
|---|---|---|
| Deposit Processing | Available | Instant |
| Withdrawal / Payout | Available | Instant via Pix |
| Instant Withdrawals | Available | Instant via Pix |
| KYC / AML Built-in | Available | Medium auto |
| Chargeback Protection | Not available | Merchant |
| Multi-Currency | Available | BRL, USD |
| API Integration | Available | Single API + WooCommerce-style integration |
| Local Payment Methods | Available | Varies by market |
| iGaming Specialization | Available | Direct Pix in cashier, Banco Topázio bank partnership, 10-bank cascade, high-risk vertical focus, IBIA member |
| Geographic Coverage | Available | 1 countries across Latin America |
Pre-Built iGaming Integrations
- Banco Topázio
- WooCommerce
Pricing & Fee Structure
Fee structure and pricing model
Pricing & Fee Structure
% per transaction pricing model
Not published
Not published
N/A
N/A
N/A
N/A
No
Pricing Details
Pricing is a black box. There is no public merchant rate card, and rates are negotiated case by case. The only disclosed figure is an administrative fee of $100 USD on a deposit or refund through a payment instrument or bank account not in the merchant's own name (AFFCatalog PSP profile, March 2026), which is an anti-third-party-flow control rather than a processing rate. For benchmarking, Brazilian Pix-heavy gateways generally price well under 2% on Pix because the bank-side cost is near zero, while EBANX runs roughly 3.5-7% blended in Brazil and dLocal 2.7-7% all-inclusive. Bazk most likely lands lower than those for Pix-heavy mixes, but that is inference from the rail economics, not a quoted Bazk number. There is no published rolling reserve and no disclosed FX markup on the USD conversion, so apples-to-apples comparison is impossible without a direct quote.
Negotiation Tips
Get the Pix rate quoted on its own, separate from any blended figure, since Pix costs the gateway almost nothing and a fair number sits well under 2%. Ask in writing about the FX spread on USD settlement, because undisclosed cross-border spreads can quietly add 1-2% per transaction and Bazk routes FX through Banco Topázio. Ask directly about rolling reserve and the investment-reserve requirement mentioned in the Topázio product, since the absence of a public number doesn't mean there isn't one. Confirm the settlement period to your bank account, which Bazk doesn't publish. And run the quote against Pay4Fun at the same time, because for Brazilian-only volume Pay4Fun is the obvious competing bid and competing quotes are the only leverage you have against quote-only pricing.
Speed & Settlement
Transaction processing and settlement timelines
Instant
Player-initiatedInstant via Pix
Operator payoutN/A
To operator accountBRL primary, USD for cross-border
Settlement optionsPix deposits land in under 10 seconds and credit the operator effectively in real time, 24/7 including weekends, because Bazk's Direct Pix confirms on the merchant side as soon as the bank rail clears and the in-cashier QR removes the redirect step. Player withdrawals over Pix are likewise near-instant, reaching the player's bank within seconds, while Boleto-funded deposits clear within the standard banking compensation cycle of around 24 hours. The speed here belongs to Pix rather than to any Bazk engineering, so any provider running Pix correctly sees similar timing. Bazk does not publish a settlement period for funds reaching the operator's own bank account, and there is no documented refund-processing window, so confirm both in a contract. For cross-border merchants, USD settlement timing depends on the FX leg through Banco Topázio.
Integration & Tech
Developer experience and technical capabilities
- API Type
- Single API + WooCommerce-style integration
- Onboarding
- 2-4 weeks
- Sandbox
- Sandbox testing environment plus Health Check validation documented at docs.bazk.com. Webhooks for real-time transaction notifications.
- Mobile SDK
- No
- White-Label
- Direct Pix renders the QR code and transaction data inside the operator's own cashier page with no redirect, so the payment step stays under the operator's brand. Bazk markets this in-cashier experience as a conversion feature.
- Docs Quality
- Moderate
Integration Time
1-3 weeks
Pre-Built iGaming Integrations
- Banco Topázio
- WooCommerce
Integration Assessment
A single REST API documented at docs.bazk.com covers Gateway In (pay-in), Direct Pix, payout/cash-out, transaction status and webhooks, with a sandbox, Health Check validation and Round Robin provider switching, and authentication that validates incoming data at the Gateway In layer. Public PHP and Java sample clients live on the legacy github.com/inovapay org, but both repos were last touched in 2019, so the developer surface is thin and dated. There is no SoftSwiss, EveryMatrix or Slotegrator pre-built connector, so platform operators integrate the REST API directly or route Bazk through an orchestrator. Direct integration runs roughly 1-3 weeks for a competent team. Pulled from docs.bazk.com and the AFFCatalog PSP profile, updated March 2026.
Risk & Compliance
Licensing, fraud prevention, and regulatory compliance
Supported Gambling Licenses
- Brazil SPA (via licensed operators)
- KYC/AML Automation
- Available. Medium auto
- Chargeback Protection
- Not available. Merchant
- Licenses
- Not Bacen-licensed itself; processes via Banco Topázio (Bacen-authorized). IBIA Payment Providers Forum member.
- Fraud Prevention
- Rules-based + AI-assisted transaction monitoring
- Responsible Gaming
- Member of the IBIA Payment Providers Forum (Brazil), which works to detect illegal betting flows and protect market integrity. Real-time transaction monitoring with behavioral insight. Bazk is a payments partner, not the operator, so player-facing RG limits sit with the operator.
- Tokenization
- No
- Dispute Resolution
- Account manager + 24/7 support
Compliance Context
Security and compliance information not yet available.
About Bazk: Company Background
Company and product information
- Company Name
- Bazk
- Headquarters
- Porto Alegre, Brazil
- Founded
- 2018
- Employees
- Not publicly disclosed. Single registered entity (Safepag Pagamentos S.A. / BAZK S.A., CNPJ 31.944.425/0001-82) in Porto Alegre, RS. Privately held closed joint-stock company (Sociedade Anônima Fechada). The group also operated internationally under the Inovapay brand before the December 2023 consolidation.
- Company Type
- Private
- Product Type
- Brazil iGaming Pix gateway
- Licenses
- Not Bacen-licensed itself; processes via Banco Topázio (Bacen-authorized). IBIA Payment Providers Forum member.
- Key Products
- Direct Pix, Gateway In (pay-in), payout/cash-out, Topázio Powered by Bazk
- Website
- www.bazk.com
- Supported Verticals
- iGaming (casinos, sportsbooks), betting, dating/adult, high-risk merchants
- Integration Type
- Single API + WooCommerce-style integration
- Settlement Speed
- N/A
- Onboarding Speed
- 2-4 weeks
- Notable Clients
- N/A
Company History
The company started in 2018 in Porto Alegre, Rio Grande do Sul, as Safepag Pagamentos S.A. (CNPJ 31.944.425/0001-82), a closed joint-stock payments company. In parallel the group ran an international payments brand, Inovapay, which is the name that appears in the earliest iGaming records: Frank & Fred Casino signed with Inovapay in June 2020 to add Boleto and bank-transfer options for its Brazilian players, right as Pix was about to launch nationally.
Through 2020 to 2023 the group grew alongside Brazil's pre-regulation betting boom, leaning hard into Pix from the moment the Central Bank launched it in late 2020. In December 2023 Safepag and Inovapay were consolidated into a single brand, Bazk, which the company described as more than a rename: a repositioning around high-risk verticals (iGaming, betting, dating, even medical cannabis) and both local and cross-border payments. The legacy Inovapay consumer wallet and voucher (inovapay.pin) is the same group's method and was still showing up at some casino cashiers in 2026.
In July 2024 Bazk announced Topázio Powered by Bazk, a partnership with Banco Topázio (a B2B digital bank that did R$99.9 billion in FX in 2023) to give betting operators a payment stack wired into a Bacen-authorized institution ahead of Brazil's regulation going live. Around the same time Bazk told the trade press it had reached roughly 13% of the Brazilian betting segment with 100+ clients, all self-reported. It exhibited at ICE Barcelona in January 2025 and SBC Summit Rio in February 2025, and joined the IBIA Payment Providers Forum in 2025 alongside Pay4Fun, OKTO, VPag, Z.ro Bank and Onekey Payments. The company remained active and growing through 2026.
What Users Say About Bazk
Our analysis of 0 reviews from Trustpilot and industry sources
Trustpilot Presence
Bazk has no Trustpilot profile as of June 2026, and none under the legacy Safepag or Inovapay brands. It is a B2B gateway operating in Brazil, where consumer feedback tends to land on Reclame Aqui, and the legacy Safepag brand is rated 'Não Recomendada' (Not Recommended) there. Its AFFCatalog PSP profile shows zero reviews. We don't render the rating-distribution bars when both the 5★ and 1★ percentages are unavailable.
Notable Clients
Bazk reports 100+ clients and roughly 13% of the Brazilian betting segment as of mid-2024, but those are company figures via gamesbras.com rather than audited numbers. The only operator name in the public record is Frank & Fred Casino, from a June 2020 deal with the group's then-Inovapay brand, which is a six-year-old lead we could not re-confirm and one a later research pass flagged as possible namesake confusion, so we don't carry it as a current client. No full client list is published, which is standard for Brazilian high-risk payments. Treat the share and client counts as marketing claims until a quote or a named-operator integration backs them. We do not list the unnamed 100+ as clients, because there is no public evidence tying specific operators to Bazk's rails.
Operational Details
Business terms, contracts, and support
- Dedicated Account Manager
- Yes
- Minimum Monthly Volume
- No published minimum monthly volume. Bazk self-reports 100+ clients (2024) including small Brazilian betting brands, so the onboarding bar appears low.
- Contract Lock-In
- Not published. Sales-driven onboarding.
- Migration Support
- No
- Min/Max Transaction
- N/A
- Mass Payouts
- real-time via Pix, No published limit
- Biometric / One-Click
- No
- Reporting
- Real-time transaction monitoring dashboard
Rebranded from Safepag + Inovapay to Bazk (~Dec 2023). Serves Brazil's regulated betting market via Banco Topázio. Self-reports 100+ clients and ~13% betting-segment share (2024, unaudited — not independently verified). Reclame Aqui rates the legacy Safepag brand 'Não Recomendada'. The legacy Inovapay wallet + voucher (inovapay.pin) is the same group's consumer-facing METHOD, distinct from this B2B gateway.
Frequently Asked Questions
10 questions about Bazk
It operates legitimately inside Brazil's betting-payments ecosystem, but read the license structure carefully. Bazk does not hold its own Banco Central do Brasil payment-institution license; it is registered as an auxiliary financial-services company and reaches Brazil's bettor-payment compliance through a partnership with Banco Topázio, a Bacen-authorized B2B bank, under the Topázio Powered by Bazk product. It is a member of the IBIA Payment Providers Forum. There is no published PCI DSS Level 1, FCA or MGA license. If you specifically need the contracted payment entity to hold its own Bacen license, Pay4Fun does and Bazk does not.
There is no public rate card, and pricing is negotiated case by case. The only disclosed figure is a $100 administrative fee on deposits or refunds through accounts not in the merchant's own name. Pix-heavy mixes likely price under 2% based on the rail's economics, but that is inference rather than a quoted Bazk number. EBANX, at 3.5-7% blended in Brazil, is a useful benchmark to quote against. Ask for the Pix rate, the FX spread and any rolling or investment reserve in writing.
Yes, via Pix. Player withdrawals over Pix complete in under 10 seconds, 24/7 including weekends, and Bazk's API includes a payout/cash-out endpoint. Bazk doesn't publish the settlement period for funds reaching the operator's own bank account, so confirm that timing in your contract.
Brazil only for local methods. Pix, Boleto and TED are Brazilian rails, and Pix enforces a CPF name-match that ties deposits to Brazilian bettors. A foreign operator can integrate to take Brazilian Pix and settle abroad in USD, but the player base is domestic. For broader LATAM look at AstroPay (50+ methods across LATAM and India) or PayRetailers (100+ methods across LATAM).
Roughly 1-3 weeks for a direct REST integration. The single API at docs.bazk.com covers Direct Pix, pay-in, payout, transaction status and webhooks, with a sandbox and Health Check validation. Public PHP and Java sample clients exist on the legacy github.com/inovapay org but were last updated in 2019. There is no SoftSwiss, EveryMatrix or Slotegrator pre-built connector, so platform operators integrate directly or through an orchestrator.
No. There is no crypto on-ramp, off-ramp or stablecoin settlement, and Brazil's betting regulation bans crypto for bettor payments anyway. If you want crypto deposits alongside Pix, run a separate provider such as NOWPayments or CoinsPaid next to Bazk.
Both are Brazil-only Pix-first iGaming gateways and both sit on the IBIA Payment Providers Forum. The difference that matters is licensing: Pay4Fun holds its own Bacen Payment Institution license directly, while Bazk reaches the same compliance through its Banco Topázio partnership. Pay4Fun also runs a consumer wallet with 2M users and has SBC awards, while Bazk leans harder into high-risk verticals and markets Direct Pix in the cashier. Pick Pay4Fun if you want the licensed entity on the contract, Bazk if you want an openly high-risk-friendly partner with in-cashier Pix.
Yes, and for anything beyond Brazil you will have to. Bazk handles Brazilian Pix, Boleto and TED. A typical stack pairs Bazk (or Pay4Fun) for Brazil-specific Pix with AstroPay for Spanish-LATAM and India, EBANX for broader cross-border, and Nuvei or Worldpay for global card acquiring. Bazk runs an internal Round Robin and a 10-bank cascade, but it is a single provider, not a multi-PSP orchestration layer.
Bazk has no Trustpilot profile as of June 2026, and none under the legacy Safepag or Inovapay brands. It is a B2B gateway in Brazil, where consumer feedback usually lands on Reclame Aqui, and the legacy Safepag brand is rated 'Não Recomendada' there. The reputational signals that do exist are indirect: IBIA Payment Providers Forum membership, the Banco Topázio partnership, and a presence at ICE Barcelona and SBC Rio in 2025. The self-reported 13%-share and 100+-client figures are company claims, not audited.
Bazk is the brand of Safepag Pagamentos S.A. / BAZK S.A. (CNPJ 31.944.425/0001-82), a closed joint-stock company founded in 2018 and based in Porto Alegre, Rio Grande do Sul, Brazil. It absorbed the international Inovapay brand in December 2023. Safepag was the Brazilian entity and Inovapay the international one, and they are the same group rather than separate companies. Employee count and ownership details aren't publicly disclosed.
Our Verdict: Should You Use Bazk?
Final assessment for iGaming operators
Overall iGaming Score
Summary
Bazk answers one narrow question well: how to get Direct Pix into a Brazilian operator's cashier from a vendor that openly works high-risk verticals. For a Brazilian-facing casino or sportsbook, especially one in a vertical that more conservative processors avoid, the product does what it says, the Banco Topázio partnership puts a licensed bank behind the betting flow, and the integration is straightforward. For anyone whose audience is mostly outside Brazil it is irrelevant, and for anyone who wants benchmarkable pricing or the contracted entity to hold its own Bacen license it falls short of Pay4Fun.
Strongest Point
High-risk specialization paired with Direct Pix in the cashier. Bazk builds its business around iGaming, betting and dating, sits on the IBIA Payment Providers Forum, and renders Pix QR codes straight into the operator's own page with no redirect, which is the most conversion-relevant payment feature in a Pix-dominated market. The Topázio Powered by Bazk product wires that into a Bacen-authorized bank's rails with a 10-bank cascade for higher approval.
Key Limitation
It doesn't hold its own license, and the data is thin. Bazk reaches Brazil's bettor-payment compliance through Banco Topázio rather than as a Bacen payment institution in its own name, which is a real distinction from Pay4Fun for compliance-conscious operators. There is no public rate card beyond a $100 third-party-transaction admin fee, no published settlement period, no Trustpilot, G2 or Glassdoor footprint, and the headline 13%-share and 100+-client figures are self-reported with only Frank & Fred independently nameable. One country, three methods, no crypto, no global cards.
Recommendation
Add Bazk if a meaningful share of your players are Brazilian and you want an openly high-risk-friendly partner with Direct Pix in the cashier. Get the Pix rate, FX spread, reserve terms and settlement period in writing, and run the quote against Pay4Fun in parallel, because for Brazilian volume that is the obvious competing bid and, if your compliance team wants the contracted entity to hold its own Bacen license, Pay4Fun wins that point outright. Pair Bazk with AstroPay for broader LATAM, Nuvei or Worldpay for global cards, and NOWPayments for crypto. If you are not running a Brazil-focused product, skip it. Updated June 2026.
Pros
- Built for high-risk verticals. Bazk openly serves iGaming, betting and dating and is listed as a high-risk payment provider, so for operators turned away by more conservative processors a gateway whose whole business is high-risk flow is the practical fit rather than a compromise.
- Direct Pix in the operator's cashier. The QR code and transaction data render on the operator's own page with no redirect, removing a conversion-killing step in a market where Pix carries roughly 90-96% of betting deposits. Pay-in and payout both run over Pix at near-instant speed, 24/7.
- A licensed bank behind the betting flow. The Topázio Powered by Bazk product connects Bazk into Banco Topázio's Bacen-authorized rails, with a 10-bank cascade that retries declined transactions across institutions for higher approval, plus a management account, an investment reserve and 24/7 operation.
- Inside the Brazilian betting-payments ecosystem. Bazk is a member of the IBIA Payment Providers Forum alongside Pay4Fun, OKTO, VPag, Z.ro and Onekey, and it exhibited at ICE Barcelona 2025 and SBC Summit Rio 2025, so it sits inside the regulated-market integrity conversation rather than at the fringe.
- Cross-border friendly for foreign operators. A merchant outside Brazil can integrate once to take Brazilian Pix and settle abroad in USD, with FX handled through Banco Topázio, which is useful for an international operator that wants Brazilian deposits without a local entity of its own.
- Accessible to small operators. Self-reported 100+ clients including smaller brands and no published minimum monthly volume, so the onboarding bar reads lower than the enterprise PSPs that target multi-million-dollar accounts.
Cons
- No own Bacen license. Bazk is registered as an auxiliary financial-services company rather than a Banco Central do Brasil payment institution, and reaches bettor-payment compliance through Banco Topázio. Pay4Fun holds its own PI license directly, so for compliance teams that want the contracted entity to be the licensed one, this is a real gap.
- Pricing is a black box. There is no public rate card, and the only disclosed figure is a $100 admin fee on third-party-name transactions. Benchmarking depends entirely on getting a quote, and operators with less leverage tend to land on worse terms than they would where volume tiers are standardized.
- Thin, unverified track record. The 13%-segment-share and 100+-client claims are self-reported and not independently audited, and the only operator name in the record is a 2020 Inovapay-era Frank & Fred deal we could not re-verify. There is no Trustpilot, G2 or Capterra footprint and only a legacy-Safepag Glassdoor to cross-check.
- Brazil only. Pix, Boleto and TED are Brazilian rails and the CPF name-match ties deposits to Brazilian bettors. No other LATAM market is served with local methods, so it is a regional plug-in rather than a base layer for multi-country traffic.
- Dated developer surface. The public code samples on github.com/inovapay were last updated in 2019, and there is no SoftSwiss, EveryMatrix or Slotegrator pre-built connector. The live API docs are current, but the SDK story is thin.
- No crypto, no global cards, no published settlement period. The product is Brazilian Pix-first deposits and payouts, so anything outside that lane, whether crypto, global card acquiring or subscription billing, needs a second provider, and Bazk doesn't disclose how fast funds reach the operator's bank.
Ready to evaluate Bazk for your business?
Bazk vs. Alternatives: How It Compares
Similar payment processing solutions
For Brazil-only operators weighing Bazk, Pay4Fun is the closest head-to-head: the same Brazil-only Pix-first iGaming focus and IBIA membership, but it holds its own Bacen license and adds a 2M-user consumer wallet. EBANX gives broader LATAM coverage and published volume tiers, AstroPay adds Spanish-LATAM and India on a wallet model, and PayRetailers does 100+ LATAM methods across countries Bazk doesn't touch. Most operators run Bazk as one option in a multi-provider stack rather than the foundation.
When to Choose an Alternative
- Pay4Fun
Choose Pay4Fun if you want a Brazil-only Pix-first iGaming gateway that holds its own Bacen Payment Institution license directly, plus a 2M-user consumer wallet and an SBC award track record. It is the closest direct alternative to Bazk.
- EBANX
Choose EBANX if you need Brazil plus 200+ methods across LATAM with published volume tiers and a more mature B2B onboarding process. It fits a cross-border eCommerce mix better.
- AstroPay
Choose AstroPay if you want a wallet-based deposit model across LATAM and India rather than Brazil alone. 50+ methods, FCA-licensed, with strong consumer brand recognition.
- PayRetailers
Choose PayRetailers if you want LATAM acquiring without a wallet layer. 100+ methods, SoftSwiss connector ready, and direct acquiring across Brazil plus Mexico, Colombia, Argentina, Chile and Peru.
- 5.2
Pay4Fun
Brazil iGaming wallet + gateway- Deposit Fee
- 1-5%
- Settlement
- T+0 - T+1
- Methods
- N/A
- 4.5
EBANX
Local Methods PSP- Deposit Fee
- 2.7% + $0.30 (published)
- Settlement
- D+3 (cards) / D+7 (debit) / D+1 (boleto, TEF)
- Methods
- 200+
- Rating
- 1.8/5
- 7.4
AstroPay
Local Methods PSP- Deposit Fee
- 1-2.5%
- Settlement
- T+1 - T+2
- Methods
- 50+
- Rating
- 4.3/5
- 5.9
PayRetailers
Local LATAM PSP- Deposit Fee
- 1.5-3%
- Settlement
- T+1 - T+3
- Methods
- 300+
- Rating
- 3/5
Related Reading
Operator guides and analysis relevant to evaluating Bazk.
End of Report. Bazk Provider Assessment Report 2026
Prepared and reviewed by the iGaming Payment Solutions Editorial Team ·