/ / Gambling Commission confirm credit card ban also applies to PayPal

Gambling Commission confirm credit card ban also applies to PayPal

Published by on February 4, 2020 381 0
Gambling Commission confirm credit card ban also applies to PayPal

The Gambling Commission of Great Britain (GCGB) clarified some details of their upcoming ban on credit cards last week.

As expected, the GC stated that this ban also extends to e-wallets like PayPal, Skrill, and Neteller. From April 14th, it won’t be allowed to use these credit cards attached to these services to transfer money to online bookies and casinos.

The GC says that these financial providers have ways to stop such transactions, but that ultimately, it will be down to the operator to ensure clients are not funding their accounts with credit cards.

It’s going to be interesting to see how well this ban works in practice. Hopefully, we don’t see a situation where operators stop accepting e-wallets altogether out of fear of attracting a fine.

With £2/spins on slots, as well as bans on feature buy-ins and VIP accounts also on the horizon for 2020, further limits on payment methods could be the last straw for operators.

If I wanted to devise a way to push online bookies and online casinos offshore, it would look very similar to this.

 

Mercury WordPress Theme
Mercury WordPress Theme
Recent Posts

Top Online Casinos

 

Latest Articles
March 17, 2020
The Coronavirus pandemic is rapidly leading to the end of the world as we know ...
February 14, 2020
At the turn of the year, we made some gambling industry predictions for ...
January 14, 2020
In our recent UK Gambling in 2020 article, we made the prediction that the ...
January 10, 2020
The New Year wasn’t long in producing some interesting UK gambling industry ...
January 8, 2020
2019 was quite a year for the gambling industry, and 2020 looks like it is ...
December 20, 2019
The UK gambling industry had a tumultuous 2019. After years of uninterrupted ...
© Copyright 2020. Stop And Step.
© Copyright 2020. Stop And Step.
shares