UK – UK gaming and betting firms have today issued guidance on credit card payments as the UK Gambling Commission ban on credit cards for gambling, such as betting and casino wagering, has been enforced today.
The new legislation was announced at the start of the year and is effective from 14th April 2020.
According to official documents, the ban will apply to both online and offline gambling and means that consumers will no longer be able to add funds to a casino or wager using any credit card.
The ban also applies to e-wallets that are funded by a credit card as a funding source.
The chief executive officer of the UK Gambling Commission Neil McArthur commented on the news:
“This credit card ban will further protect consumers from financial harm and from today, nobody in Great Britain can use a credit card to gamble. It is a ban which ultimately reduces the risks of harm to consumers from gambling with money they do not have.”
“The ban also comes at a vital time as we are seeing an increase in the use of some online products, such as online slots and virtual sports, and our online search analysis shows an increase in UK consumer interest in gambling products since the lockdown began. This highlights just how important it is for gambling operators to keep people safe and the credit card ban will help that. This is another milestone and we will continue looking for ways to make gambling safer.”
The Commission also reminded operators that they can only accept customer payments via e-wallets if those e-wallets prevent credit card use for gambling.