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Volt Review

6.6/10

London-based Volt takes deposits from accounts at 2,500 banks across the UK, the EEA and Australia and pays winnings back to the same accounts. It does not take on offshore casinos licensed in Curacao or Anjouan.

  • Founded 2019
  • London, United Kingdom
  • 202 employees
  • B2B only
  • Updated October 28, 2026
Our take

A single Volt integration covers bank account deposits from players in 31 countries for operators licensed in the UK or an EU member state, and those deposits carry no chargebacks. Winnings go back the same way only for operators that keep funds on a Volt Account. Payouts are off by default until Volt switches them on. With the account, operators can confirm the money has actually arrived and get settled every hour, but their working capital then sits with Volt without deposit protection. Casinos licensed in Curacao or Anjouan are outside Volt's client base, and cards and crypto withdrawals stay with other payment providers.

Banks
2,500 banks in 31 countries
Operator settlement
Within seconds
in business
7 years
Pricing
Category
Payment provider
Best for
Small operatorsEnterprise
Pricing
£1.60 per transaction on average
Products
Pay by BankPayoutsVolt AccountsRisk tools
Verticals
CasinoSportsbook
Regions
EuropeOceania

Our take

Strengths
  • Volt holds its own FCA, KNF and AFSL payment licenses, and one integration reaches every country on its network
  • Deposits from a player's bank account and winnings paid back to it run through one channel and one Volt Account
  • Offering Pay by Bank after a declined card lifts conversion by up to 20%
Watch-outs
  • Volt can withhold an operator's funds without explanation when it has suspicions or a regulator requires it
  • Operator funds on a Volt Account fall outside the FSCS and BFG deposit guarantee schemes
  • Deposits that players abandon at their bank still show up on the invoice, because Volt bills every payment API call
Best for

UK- or EU-licensed operators whose players pay from a bank account and who want deposits and payouts on a single rail. In Australia, Volt also suits gambling businesses that need PayTo, PayID and instant payouts of winnings over the NPP.

Not for

Offshore casinos licensed in Curacao or Anjouan, since Volt does not work with them. Nor does it fit operators whose players live outside the UK, the EEA and Australia, including in the US, Canada and Brazil, or pay mostly by card and in crypto, where Volt accepts only USDC and EURC.

Markets & licensing

Volt initiates payments from players' banks under its own payment licenses: an FCA license in the UK, a license from Poland's KNF passported across the whole EU and EEA, and an AFSL in Australia, where its sponsor Banking Circle Australia connects it to the NPP. Since September 1, 2025, Volt's Polish entity has been on Romania's ONJN register as a Class II payment processor, and that listing lets Volt take payments for Romanian operators. The UK entity, Volt Technologies Limited, got its EMI license in February 2024, but Volt opened accounts and vIBANs to every client in the UK and EU only on February 5, 2026. From January 2025 until then, only selected clients had them.

Compliance

. With a Volt Account, operators get the payer's name, account number and sort code from the bank along with each payment, ready for player KYC. In the EU and UK, Verified payment, still in beta, checks that the account belongs to the player and the name matches before the payment goes out, then holds it until the operator decides.. Circuit Breaker screens each payment before it goes to the bank, and operators see blocked payments with the status REFUSED_BY_RISK.Anti-fraud: Rule-based. Volt's UK entity initiates the payment when the player's bank is in the UK, and its Polish entity does so for banks in the EU and EEA.

Regulated markets
United KingdomEU & EEAAustraliaRomania
Not available in
United StatesCanadaBrazil

Volt is not active in Canada and has no Interac connection. In Brazil, Volt launched Pix in 2021 but wound down the business and closed its subsidiary in June 2025.

Licenses
United KingdomFCA. Volt Accounts and holding merchant funds. Volt Technologies Limited, electronic money institution since 2024.PolandKNF. Payment initiation and account information under an EEA passport. Volt Technologies sp. z o.o., national payment institution.RomaniaONJN. Payment provider for the Romanian gambling market. Volt Technologies sp. z o.o., Class II payment processor.Australia. PayTo, PayID and NPP payouts in Australia. Volt Connect Pty Ltd, AFSL and NPP Identified Institution status through Banking Circle Australia.

In short: EMI and PI licenses in the UK, a PI license for the EU, an AFSL in Australia and ONJN approval in Romania.

Methods & rails

What's available

Card acquiringNo
Bank reach2,500 banks in 31 countries
Cash acceptanceNo
In-house e-walletNo
APIREST API, OAuth2, webhooks
DocumentationPublic
SandboxOn request

A2A rails

Faster PaymentsSEPA InstantPayToPayID

Payout rails

SEPA InstantFaster Payments

Processing features

Payment routingNot offered: Chargeback managementPayment reconciliationInstant payoutsNot offered: Stablecoin payouts

Integrations & engineering

What sets it apartVolt builds its cashier, the Fuzebox dashboard and the Circuit Breaker anti-fraud tool in-house and sources some of its bank connections from Token.io, Yapily and Neonomics. Stablecoin acceptance runs through BVNK, a partner with crypto licenses. Volt opens EUR and GBP accounts under its own licenses, and ClearBank has been the partner bank behind them since January 2026.
Unified API

In iGaming, operators connect Volt either directly over the API or through PSPs and cashiers that already list it among their payment methods. Going direct gives operators full control over payments, refunds and payouts, but their own developers have to integrate the API, webhooks and Mobile SDK. With a PSP, the partner takes care of the contract and setup, and the casino only enters its Volt keys in the partner's environment. Volt is already live in Praxis Cashier and MoneyMatrix, on the Gaming Innovation Group platform and at MiFinity. Since 2025, the Pay.com orchestrator has also offered it to its merchants, iGaming ones included. Volt classes casinos as high-risk and vets them for longer than other merchants. That makes one of these partners the easier way in for operators licensed in the UK or an EU country. On this route they get no per-player vIBANs, because Volt issues those only on a direct API integration.

Cashiers & orchestrators
MoneyMatrixPraxis CashierGaming Innovation GroupMiFinity
Distribution
WorldpayWorldlinePrimerSolidgate

PSPs through which operators add Volt as one more payment method

Non-gambling clients
FarfetchKinguinPepperstoneTrade Nation
Infrastructure
ClearBankBVNKSumsubBanking Circle Australia
Stack:REST APIWebhooksThree cashier optionsPluginsMobile SDKFuzebox portal

Products

Operators connect Pay by Bank and take deposits from players' bank accounts through the Volt cashier. Volt is not an acquirer. The player's bank executes the payment, and without a Volt Account the money goes to the casino's own account, bypassing Volt. With a Volt Account, deposits land there first, and operators use that account to confirm the money has arrived, receive settlement and pay out winnings. Volt sells the account only as part of payment acceptance. Operators can add the Circuit Breaker anti-fraud tool and the Matchmeter and Verify checks on top, each a separate line in the contract.

01

Pay by Bank

Players in the UK, the EEA and Australia deposit straight from their bank accounts, with no cards and no chargebacks.

Price
£1.60 per transaction on average
Countries
31
Banks
2,500
Deposit settlement
Instant or next day
Launch
1–2 days
Bank data
NameAccount numberAccount balance
Payment ProvidersOpen banking
02

Payouts

Winnings reach players' bank accounts in seconds over SEPA Instant and NPP after a payee name check.

Payouts
Seconds to a day
Maximum time
Same day
Payout rails
SEPA InstantFaster PaymentsNPPPayID
Payment Providers
03FX & settlement

Volt Accounts

Operators collect deposits in their company's account at Volt and receive settlement and pay out winnings from it.

Currencies
5
Settlement frequency
HourlyDailyWeeklyThreshold-based
Payment Providers
04Anti-fraud

Risk tools

Circuit Breaker fraud screening and a name match between the player and the account holder before deposits and payouts.

Detects
Payment fraud
KYC & ComplianceFraud & AML

Track record

Volt was founded in London in 2019. Steffen Vollert, a co-founder who was CTO in 2021, runs the company as CEO, and former CEO Tom Greenwood left the board in February 2025. The Polish entity, Volt Technologies sp. z o.o., operates out of Kraków. VP Product Mat Tuvesson, who joined from Checkout.com, has led product since December 2025.

£18Mrevenue. FY2024 · Revenue grew 41% year over year, with a 90% gross margin.
11Mtransactions. FY2024 · Transaction count rose 28% over the year.
$84.2Mfunding raised. The biggest rounds were a $23.5 million Series A in 2021 and a $60 million Series B in 2023.
2,500connected banks. The network reaches 618 million bank accounts.
202employees. FY2023 · In FY2024 the team numbered 215, including 60 contractors counted as full-time equivalents.
£18Mrevenue. FY2024 · Revenue grew 41% year over year, with a 90% gross margin.
11Mtransactions. FY2024 · Transaction count rose 28% over the year.
$84.2Mfunding raised. The biggest rounds were a $23.5 million Series A in 2021 and a $60 million Series B in 2023.
2,500connected banks. The network reaches 618 million bank accounts.
202employees. FY2023 · In FY2024 the team numbered 215, including 60 contractors counted as full-time equivalents.
Brands & clients
FarfetchKinguinTrade NationPepperstoneYouHodlerProfee

All six clients work outside gambling, among them e-commerce companies, brokers and a crypto platform.

Company
Legal entity. Operators contract with Volt Technologies Limited in the UK, with Poland's Volt Technologies sp. z o.o. in the EU and with Volt Connect Pty Ltd in Australia.Volt Technologies Limited
Countries served31
Offices
United KingdomPolandAustralia
Leadership
Steffen VollertCo-founder & CEO · since 2024
Stephanie LopesChief Legal Officer · since 2026
Milestones
  1. 2019

    Volt started out in London as an open banking payments provider.

  2. 2020

    In May, Volt signed a deal with Gaming Innovation Group to supply its payments to the group's clients, and in November its first merchants went live.

  3. 2021

    Volt raised a $23.5 million Series A led by EQT Ventures, integrated with Praxis Cashier and MoneyMatrix, signed a partnership with Worldline and launched Pix in Brazil.

  4. 2023

    Volt closed a $60 million Series B led by IVP, became a Worldpay partner in June, got its Polish payment institution license in August and went live in Australia on PayTo in November. MiFinity launched Instant Bank Transfer, built on Volt.

  5. 2024

    In February, Volt received its UK EMI license, which let its Connect product start growing into merchant accounts. Farfetch started accepting bank account payments in the UK, Germany and the Netherlands in September, and in October Volt began reimbursing APP fraud losses in the UK.

  6. 2025

    In January, selected clients got accounts and vIBANs, and Pay.com, Sumsub, Profee and the paylado wallet connected to Volt. Volt left Brazil in June, received its Romanian ONJN license in August and signed a stablecoin acceptance deal with BVNK in December.

  7. 2026

    In January, ClearBank became Volt's partner bank. On February 5, accounts, vIBANs and Named Accounts opened to all clients in the UK and EU, and on February 11 the cashier started accepting USDC and EURC. On February 18, Volt began operating in Australia as an NPP Identified Institution.

Growth markets
United Kingdom. Faster Payments and GBP accountsEU & EEA. SEPA Instant and EUR accountsAustralia. PayTo, PayID and AUD accountsEurope. SEPA Direct Debit in the EEA and cVRP in the UK, both in development
Awards
UK FinTech AwardsFinTech of the YearWin · 2024
Business Insider32 most exciting European fintechs to watchNomination · 2024

Volt alternatives

AttributeVoltTrustlyZimplerBrite Payments
Founded2019200820122019
Team202900120160
SportsbookYesYes—Yes
LicensesUnited Kingdom, Poland, Romania +1Sweden, United States, United KingdomSweden, Brazil, United Kingdom +1Sweden, United Kingdom
US marketNot liveCore marketNot activeNot active
Pricing£1.60 per transaction on average€1 per transactionAbout 0.5–0.6% per transaction0.5–1.5% of deposits
Methods & rails—1—1
Currencies—13——
EMI / PI licensesUnited Kingdom, PolandSweden, United KingdomSweden, BrazilSweden, United Kingdom
PayoutsWithin seconds—On demand, daily or weeklyUnder 60 seconds
Instant payoutsYesYesYesYes

Fees & payouts

Each client gets its own pricing in an order form attached to the contract, and in FY2024 Volt made £1.60 per transaction on average. Operators pay a one-off activation fee within 10 days, a monthly minimum and a per-transaction rate on successful payments that varies with monthly volume and payment amount. Every payment API call carries a fee too, even when the payment fails, so deposits abandoned at the bank still end up on the invoice. Separate fees apply to Circuit Breaker and vIBANs, to Matchmeter per API call, to Verify for each successful retrieval of account data, and to withdrawals from the e-money account, currency conversion, payment recalls and tracing money sent to the wrong account details. There is no chargeback fee. Invoices arrive by the 10th of the month and are due within 30 days, and by agreement Volt can deduct its fees straight from settlement. In the UK and EU, Volt may raise prices once a year by 5% or by the rise in the consumer price index, whichever is higher, with 60 days' notice. In Australia, prices rise with the index every July 1, plus pass-through costs.

Terms

Processing fee£1.60 per transaction on average
Contract length2 years
NegotiabilityMedium

Money movement

Merchant settlementWithin seconds
Player payout timeSeconds to a day
Currency conversionConversion between Volt accounts
TokenizationNo
Integration time1–2 days

Onboarding path

  1. 1Submit your application and KYB documents: certificate of incorporation, articles of association, group ownership structure, plus ID and proof of address no older than 90 days for signatories and owners of more than 25%. Volt may also ask for a copy of your license and your AML policy.
  2. 2After approval, your sales manager sends the contract, and Volt registers your application with its open banking partners.
  3. 3Get access to Fuzebox and your API keys. Sandbox and production use different keys.
  4. 4Have a call with your Volt implementation engineer. Add Volt branding to your cashier and set your site's referrer policy to no-referrer-when-downgrade.
  5. 5Run successful, failed and edge-case scenarios in the sandbox. Take the payment status from webhooks, not from the return URL.
  6. 6Volt approves your integration and opens production once the contract is signed and the compliance check is done.
Available as add-ons:Pay by Link: payments via a link or QR codeUSDC and EURC acceptance with settlement in EUR or GBPNamed Accounts: an account in the player's name under Volt's licensePayTo in Australia: one-click payments under a payment agreement

Support

Support channels
Email