Lotteries and prize draws

Industries

Lotteries and prize draws

From charity lotteries to prize draws, raffles and instant-win competitions, Yaspa makes every entry and every payout instant, secure and effortless – and more cost-effective than cards.

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Winners paid in seconds

Instant wins should feel instant. With Pay by Bank, Yaspa pays cash prizes and cash alternatives straight back to the verified account the participant paid from. You don’t have to collect bank details by email, and money can’t be sent to the wrong account.

Payments that support the Voluntary Code

The DCMS Voluntary Code has raised the bar for prize draw operators. Yaspa helps you meet it without adding friction to your checkout:

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Debit-only by design

Pay by Bank payments come straight from a participant’s current account, so there’s no credit card exposure on instant-win draws or anywhere else.

Verified from the first entry

Account Verification confirms who owns the bank account at sign-up, which strengthens your age and identity checks.

Spend controls built in

Real-time payment data supports monthly limits and helps you spot early signs of harm.

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Instant Payments

See how it works

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Full UK and EU coverage

Instant in. Instant out.

Entries and prize payouts that settle 36x faster than cards, for smoother flows, happier participants and better conversion. Ticket income lands in your account immediately, so you’re never waiting on settlement to fund your next prize.

Pay by Bank also costs less than cards. Transaction fees are lower, and there are no chargeback fees or disputed-entry admin to absorb. That matters most on low-value tickets, where fixed card fees can take a large share of each entry. More of every payment goes into your prize fund, your margins or, for charity lotteries, good causes.

Secure, closed-loop payments

A checkout built around your participant

From entry to payout, every step is instant and verified, backed by years of UX refinement so any participant can complete it with confidence.

FAQs

“We’re thrilled to be partnering with Yaspa to deliver an open banking solution that represents a true sector-first innovation. From the outset, it was clear that Yaspa shares Sterling’s vision for using technology to drive meaningful change in the charity lottery space.”

– Richard Dixon, Managing Director at Sterling