BVNK
BVNK provides business wallets, stablecoin and crypto pay-ins, fiat and crypto conversion, payouts, virtual accounts, and reconciliation through direct and embedded APIs. The gaming route converts player deposits to fiat and pays winnings back in stablecoins or other crypto.
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BVNK is a multi-entity brand, not one universal contracting company. A February 2026 master agreement starts with System Pay Services (Malta) Limited and assigns other services to different BVNK or partner entities. BVNK Holdings Limited is active and is the announced Mastercard acquisition target, but that transaction has not closed. Mastercard is therefore not BVNK's current parent, and each service must be tied to its named legal counterparty.
Buyer decision brief
Use this summary to decide whether the offer belongs on your shortlist and which terms need a written answer.
Fit and use case
Editorial fitLicensed gaming operators that need stablecoin deposits, conversion, payouts, and fiat account infrastructure through one API relationship.
Primary offer: Stablecoin Payments for Gaming
Primary offer delivery
- API
Integration boundary: An approved operator uses BVNK's direct or embedded APIs to receive player crypto, convert balances, send winnings, and reconcile fiat and crypto records.
Critical contract questions
Start with unresolved terms, negotiated terms, and dependencies that need a named owner.
Resolve before shortlist
No usable standard answer is available on the public terms.
- Pricing, reserves, and liquidity limitsNot disclosed
- Stablecoin Payments for Gaming · Commercial terms
Fix in the signed order
The answer changes by operator, market, package, or negotiated order.
7 of 8 shown- Entity, market, and merchant approvalSet in contract
- Stablecoin Payments for Gaming · Market and approvals
- Merchant relationshipSet in contract
- Stablecoin Payments for Gaming · Contract and supplier
- Service-specific counterpartySet in contract
- Stablecoin Payments for Gaming · Contract and supplier
- Custody, safeguarding, and data rolesSet in contract
- Stablecoin Payments for Gaming · Operating responsibilities
- Fiat, stablecoin, and account scopeSet in contract
- Stablecoin Payments for Gaming · Implementation
- Conversion, settlement, and reconciliationSet in contract
- Stablecoin Payments for Gaming · Operations and service
- Transfer exceptions and disputesSet in contract
- Stablecoin Payments for Gaming · Operations and service
Next buyer step
Ask BVNK to resolve “Pricing, reserves, and liquidity limits” before moving Stablecoin Payments for Gaming to a commercial shortlist. Then compare the answer with the complete product record below.
Confirm every selected term in the proposal and signed order. No price, market approval, availability, or contracting entity is implied unless it is stated above.
What this provider offers
1 offering- OfferingStablecoin Payments for GamingTypePayments · Multi ProductOwnership and packagingFirst Party · Standalone and BundledDeliveryAPICompare in
- iGaming Payment Providers · Service Provider
- Crypto Payment Gateways for iGaming · Service Provider
Stablecoin Payments for Gaming
Multi ProductFirst PartyAvailability: Standalone and BundledBVNK provides business wallets, stablecoin and crypto pay-ins, fiat and crypto conversion, payouts, virtual accounts, and reconciliation through direct and embedded APIs. The gaming route converts player deposits to fiat and pays winnings back in stablecoins or other crypto.
BVNK is a multi-entity group. System Pay Services (Malta) Ltd is the disclosed EU electronic money institution and MiCA crypto-asset service provider, but UK, US, partner, and embedded flows can use different legal entities and regulatory boundaries.
Products
Integration: An approved operator uses BVNK's direct or embedded APIs to receive player crypto, convert balances, send winnings, and reconcile fiat and crypto records. The contract must identify the operating entity and any banking or custody partners used in that market.
Delivery options
API
Delivery modelDirect or embedded stablecoin payment and payout infrastructure for an operator approved by the applicable BVNK entity.
- Operator license
- Operator
- Merchant of record
- Unknown
- Player data controller
- Unknown
Included
- + Stablecoin and crypto pay-ins
- + Stablecoin and crypto payouts
- + Fiat and crypto conversion
- + Wallet balances and reconciliation records
- + Optional virtual-account infrastructure where approved
Not included
- ! Gambling license
- ! Guaranteed onboarding
- ! One universal contracting entity
- ! Automatic access to every BVNK or partner product
Procurement record
Current product boundaries and the terms that still have to be fixed in the signed order or service agreement.
Known is usable now. Contract specific changes by order or market. Not disclosed has no usable standard term. Unknown remains unresolved. Outside provider scope is handled by the operator or another supplier.
Contract and supplier
- Service-specific counterpartyContract specific
- The service schedule must identify the BVNK or partner company responsible for platform access, fiat accounts, e-money, digital-asset custody, exchange, transfers, and settlement. System Pay Services (Malta) Limited is not automatically the counterparty for every region or product.
- Merchant relationshipContract specific
- The operator applies for direct or embedded business payment infrastructure. Gambling and gaming merchants can require enhanced due diligence, and a documented industry code or use case does not create merchant approval.
Implementation
- Fiat, stablecoin, and account scopeContract specific
- The approved configuration can include stablecoin receipt, crypto and fiat conversion, winnings payouts, business wallets, virtual accounts, and embedded APIs. Assets, networks, currencies, account identifiers, banks, custody, and directions must be listed in the service schedule.
Operating responsibilities
- Custody, safeguarding, and data rolesContract specific
- The agreement must map custody, safeguarding, fiat-account ownership, wallet control, Travel Rule work, screening, controller and processor roles, subprocessors, retention, breach duties, and player-data access across BVNK companies and banking or custody partners.
Operations and service
- Conversion, settlement, and reconciliationContract specific
- BVNK supports conversion, wallet balances, fiat accounts, stablecoin receipt, payouts, and transaction records. Pricing source, confirmations, liquidity windows, settlement accounts, cutoffs, failed-transfer handling, and finance exports depend on the approved entity and route.
- Transfer exceptions and disputesContract specific
- Blockchain transactions do not use card chargebacks. The operating schedule must cover wrong-network transfers, underpayment, overpayment, screening holds, refunds, payout failure, beneficiary error, account compromise, and allocation of irreversible-transfer losses.
Commercial terms
- Pricing, reserves, and liquidity limitsNot disclosed
- Platform, account, payment, conversion, network, custody, payout, minimum, reserve, collateral, liquidity, and termination charges are not published for a gaming merchant.
Market and approval scope
- Entity, market, and merchant approvalContract specific
- Approval must cover the operator, gambling authority, domains, player countries, BVNK service company, partner banks, assets, networks, currencies, and directions. Malta permissions do not establish the legal route outside their scope.
Exit and portability
- Balance, account, and data exitContract specific
- The service agreement must define fiat and crypto withdrawals, conversion at termination, virtual-account closure, pending payouts, screening holds, transaction exports, API access, reserve release, retained compliance data, and transition assistance.
Strengths
- + The product scope covers gaming platforms and player-winnings flows rather than only a generic crypto payment route.
- + The Malta entity holds electronic-money and MiCA permissions in the EEA.
What to verify in procurement
- ! The legal entity and license depend on country, product, and delivery model. The contract must map the BVNK entity, partner banks, custody route, safeguarding, and settlement account.
- ! Gambling and gaming merchants can require enhanced due diligence. An industry code or product use case does not guarantee merchant approval.
- ! The UK entity is an electronic money institution without a disclosed UK crypto registration. Confirm the legal basis for any UK crypto flow separately; non-EU configurations also have different coverage.
Reference documents7
Key public documents supporting the company identity, primary offer, delivery route, and highest-priority questions above.
- DocumentU.S. Securities and Exchange Commission — sec.gov / 000114139126000031 / R9
- DocumentUK Companies House — find-and-update.company-information.service.gov.uk / company / 13922014
- DocumentBVNK — agreements.bvnk.com / Client Master Agreement
- DocumentBVNK — bvnk.com / mt mt / disclosures
- DocumentBVNK — bvnk.com / blog / paying out stablecoins gaming
- DocumentBVNK — help.bvnk.com / articles / 11094354781074 What licenses registrations does BV…
- DocumentBVNK — docs.bvnk.com / get started / find your usecase