WORLD NEWS E-Wallets Included in Credit Card Ban, UKGC Confirms 1 month ago Iwo Bulski Post Views: 90 The UK Gambling Commission (UKGC) highlighted the terms of the credit card ban that came into force in April, clarifying operators’ responsibilities when it comes to accepting payments from money service businesses (MSBs) such as e-wallets. “Credit card ban cannot be easily circumvented by simply topping up an e-wallet” The commission’s guidance, issued on Wednesday, emphasizes the need for operators to “ensure that the credit card ban cannot be easily circumvented by simply topping up an e-wallet or online money transfer account directly from a credit card.” It also includes recommendations to help put a stop to credit card money transfers via MSBs for gambling purposes. The credit card ban came as part of the UKGC’s ramped-up efforts to protect vulnerable consumers, and to reduce their risk of “experiencing harm from gambling with borrowed money.” Revolut highlighted among MSBs The UKGC informed in its statement that Revolut “has confirmed that its customers can add money using credit cards.” It also warned gambling businesses about other similar e-money businesses in operation that accept credit card deposits from customers who are looking to gamble. Revolut had informed customers back in April that they “may not be able to use their Revolut cards for online or offline gambling payments in the UK.” It added that some UK operators might stop accepting its cards following the credit card ban imposed by the UKGC on April 14. Revolut also explained that the ban did not apply to its services and products specifically, but rather to the operators themselves. Credit card payments to be rejected The UKGC also reminded operators that they are wholly responsible for accepting MSB payments, urging them to implement ways to block such payments from being processed. “Reject payments made through MSBs that do not have a blocking system in place” It proceeded to suggest a two-part course of action to ensure compliance with the credit card ban. First, online gambling operators should ascertain that customers of a particular MSB are unable to use credit cards to deposit funds into their e-account or e-wallet to gamble. Secondly, they must reject payments made through MSBs that do not have a “block” system preventing credit card transfers from reaching a player’s gambling account. Source: vegasslotsonline.com Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: credit cards, Gambling Commission, UK Continue Reading Previous WILLIAM HILL US – Supporting Black Lives MatterNext Ukraine gambling bill to get second reading More Stories WORLD NEWS ICE London 2021 delayed 7 mins ago Iwo Bulski WORLD NEWS Gambling Industry Is Legalized In Ukraine 7 hours ago Iwo Bulski ONLINE WORLD NEWS Greentube expands in the UK with STS partnership 2 days ago Iwo Bulski BETTING WORLD NEWS Spain to ban gambling football shirt sponsorship 3 days ago Iwo Bulski EXPERTS WORLD NEWS Non-gambling checkmate 6 days ago Iwo Bulski WORLD NEWS Israel’s Sports Betting Board Wants to Offer Live Betting 6 days ago Iwo Bulski Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment. This site uses Akismet to reduce spam. Learn how your comment data is processed.