PXP Financial Review

Regional Breakdown

United Kingdom: a UKGC licensee gets Visa and Mastercard debit acquired on PXP's own license, Pay by Bank open banking through the gateway, and Apple Pay, Google Pay and PayPal.

Continental Europe: MGA and national licensees get the main deposit rail of each market where PXP runs local methods on its own acquiring. That means iDEAL in the Netherlands, Bizum and SEPA transfer in Spain, Multibanco deposits and MB WAY payouts in Portugal, and Sofort (Klarna), Trustly, PayPal and SEPA in Germany, where Tipico's German business ran on Kalixa. Online casino in Austria is a state monopoly, so PXP serves sportsbooks there only, with EPS, Sofort and paysafecard.

United States: state-licensed sportsbooks and casinos deposit with debit cards on PXP's own acquiring, plus ACH and eCheck through VIP Preferred, Play+ prepaid, Trustly online banking, Apple Pay, Google Pay and PayPal.

Latin America: Kushki has carried every flow since October 2024, with SPEI, OXXO Pay and local cards in Mexico, PSE and local cards in Colombia, Webpay and local cards in Chile, local cards, bank transfers and wallets in Peru, USD transfers and cards in Ecuador, and Pix in Brazil. Mexico, Colombia and Peru work as an extension of the same contract for an operator already on PXP in Europe or the US, though coverage in Peru is still being phased in. Ecuador licenses sports betting and not online casino, so a licensed sportsbook there rates Limited, while Chile and a casino in Ecuador are Not served for offshore and licensed operators alike. Brazil banned sports betting and online casino on September 25, 2026, and closed Pix, cards and every other payment rail to betting transactions except refunds to bettors and the wind-down of operators' books. Brazil is not a market an operator can use PXP for.

Asia-Pacific: this is PXP's weakest region. PXP processes cards through local connectors and supports Alipay and WeChat Pay, and it holds no Asian acquiring license, Singapore and Hong Kong included.

Verticals

iGaming is PXP's lead vertical, and PXP contracts with gambling operators directly. The business began as Bwin's in-house payments arm, so KYB for licensed operators, gambling risk patterns and source-of-funds work are its core trade. Travel and hospitality is the second line, carried over from the PXP Solutions terminal business, which makes gaming and travel the two high-risk, high-touch verticals PXP concentrates on.

• iGaming
• Travel/Hospitality
• Retail
• eCommerce

PXP pays players out in real time to cards that take instant payouts and within 24 hours as a standard card credit. Settlement to the operator runs T+1 to T+3 on European card volume, and US settlement follows the local scheme cycle. Nuvei and Worldpay both settle T+2 to T+7 and Worldpay's payouts take 24-48h, so at PXP card money reaches the operator up to 4 days sooner and a player on an instant-payout card gets paid at least a day earlier. Refunds take 5-10 business days. Nuvei processes refunds in 3-5 business days, which leaves a refunded player waiting up to 5 business days longer at PXP.

Integration Assessment

A standard integration against PXP's REST API at developer.pxp.io takes 2-4 weeks. iOS and Android SDKs, a JavaScript checkout and server SDKs come through the developer portal, and the Hosted Payment Page and Hosted Tokenization Page cut PCI scope to SAQ A. PXP has been a Google Pay Payment Service Provider since January 2024 and decrypts PAN_ONLY and CRYPTOGRAM_3DS tokens itself with no acquirer hop, and Apple Pay runs on hosted and embedded checkout. EveryMatrix has a pre-built PXP connector, so brands on that platform go live without a build. SoftSwiss and Slotegrator operators integrate against the API directly, which takes 4-8 weeks of development. Onboarding a new iGaming merchant takes 4-8 weeks, because PXP's in-house MLRO team runs KYB, source-of-funds and PEP screening on beneficial owners, validates the UKGC or MGA license and reviews pricing against risk. Nuvei onboards in 2-4 weeks and Worldpay in 4-6 weeks, so the same operator goes live 2-4 weeks sooner at Nuvei.

Compliance Context

PXP is a PCI DSS Level 1 service provider, assessed every year by an independent QSA. KYB on merchants is semi-automated, with a mandatory review by the in-house MLRO team, and player KYC stays with the operator because PXP sells no player-side KYC product. Fraud screening runs on a configurable rules engine with BIN-level controls, and that rules-based stack has carried BetMGM and Tipico volume. The operator carries card chargebacks under scheme rules, and PXP's pre-authorization scoring and chargeback alerts cut inbound disputes. Its principal memberships let PXP sponsor sub-merchants under Visa and Mastercard rules on its own license.

Regulatory Position

PXP holds an FCA payment services authorization, granted in 2008, which covers card acquiring in the UK. It has been a principal member of Visa and Mastercard since 2011, and is also a principal member of Discover and Diners. PXP holds no EMI or e-money license, so player funds never sit in PXP's own accounts. In the US, PXP Financial, Inc. holds West Virginia supplier licenses for iGaming and sports wagering, a Pennsylvania GSP registration that runs to 2031, a New Jersey vendor registration, Michigan vendor registrations for internet gaming and sports betting, and a Colorado Vendor Minor approval that runs to April 2028. It also carries an Indiana registrant number in a class Indiana retired in 2025. PXP holds no state money transmitter license and processes for licensed US operators as a vendor. It serves operators licensed by the UKGC, the MGA, the national regulators of its EU markets and US states. Under the September 2026 managed acquiring agreement, RS2 Smart Processing will run card scheme processing for PXP in more than 30 European markets, while PXP keeps its principal memberships and FCA authorization. The operator's counterparty stays PXP, and only the processing stack underneath changes.

Named iGaming Clients

BetMGM, Entain, White Hat Gaming, Bally's

BetMGM uses PXP as its full-service payment gateway in at least seven US states (Tennessee, Indiana, New Jersey, Colorado, West Virginia, Pennsylvania and Michigan), across sportsbook and the BetMGM, Borgata and Party casino brands. Tipico's US business launched in New Jersey on PXP, and Penn Interactive, the company behind theScore Bet and Hollywood Casino online, added PXP to its sportsbook and iGaming stack.