Gamblers to be banned from using credit cards to bet.
Gambling restrictions on your credit and debit cards, including Pay by Bank app Restrictions on credit cards From 14 April 2020, all UK Licensed Gambling Operators can no longer accept credit cards for gambling as per the Gambling Commission announcement on 14 Jan 2020. To support this, from 16 April 2020 all gambling transactions using credit cards, where we have reason to believe they are.
The Gambling Commission has announced that from 14 April 2020, gambling businesses can no longer allow UK customers to use credit cards to gamble. The decision follows the Commission's review of online gambling and the Government's “Review of Gaming Machines and Social Responsibility Measures”. The ban on the use of credit cards will apply.
UK Finance, meanwhile, estimates that some 800,000 people use credit cards to gamble. The ban, which will apply to all online and offline gambling products, with the exception of lotteries that.
The credit card ban, which will come into effect in Britain on 14 April, will prohibit gambling businesses from allowing customers to use credit cards to gamble. Sign up to our daily newsletter.
UK may ban use of credit cards for gambling Likely impact to be scrutinised in possible move to protect people from excess wagering Tue, Mar 27, 2018, 18:48.
Gambling-focused e-wallets have easily adapted to new rules from a UK regulator that prevent funds from credit cards being used for gambling deposits, according to providers. New licensing conditions for gambling operators went into force on April 14, which compelled gambling providers to decline payments from e-wallets that fail to stop credit card money being used for gambling deposits.
One approach would be to ban gambling online with credit cards. However, the public and all other stakeholders will be consulted on other options, including restricting the use of credit cards. The Commission will then take the most appropriate course of action in view of any evidence obtained by this consultation, alongside data already submitted.