Revolut Gambling Sites
You may not be aware, but from 14 April 2020, our UK customers may not be able to use their Revolut cards for online or offline gambling payments in the UK. This follows the Gambling Commission’s review of online gambling, and the Government’s Review of Gaming Machines and Social Responsibility Measures.
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What this means in a nutshell 🥜
The new requirements apply to online gambling operators, not to us. They mean that UK gambling companies cannot accept credit cards or payments made by credit card through an e-wallet. Each individual gambling provider will work with the Gambling Commission and make an assessment of the types of payments that they can’t accept.
This applies to all non-remote general betting, pool betting and betting intermediary licences, and all remote licences. While many people gamble responsibly using a credit card, the aim of these new regulations is to help protect those most at risk from gambling money they do not have.
This decision is one which is beyond our control, but in the interests of clarity and honesty, we thought that you should know.
If you currently use your Revolut card for gambling payments, we thought you should know that from 14 April, some UK gambling operators may not accept your Revolut card as payment.
If you are worried that you spend more than you should on gambling, you can call the National Gambling Helpline now on 0808 8030 133 for free advice on how to stay in control.For a full overview of what’s happening, visit the Gambling Commission’s website.
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Revolut Gambling Sites Online
Following the UK Gambling Commission’s (UKGC) credit card ban, Fintech ‘neobank’ Revolut has confirmed that it has suspended all payments to and from UK gambling sites, transacted through its popular app.
Revolut Gambling Sites Free
Revolut this week informed its users that UK customers ‘won’t be able to use their Revolut cards for any online or offline gambling payments in the UK’.
Revolut Gambling Sites
The statement from the Fintech bank read: “This applies to all non-remote general betting, pool betting and betting intermediary licences, and all remote licences. While many people gamble responsibly using a credit card, the aim of these new regulations is to help protect those most at risk from gambling money they do not have.”
The announcement comes after the UKGC’s review of online gambling and the Government’s Review of Gaming Machines and Social Responsibility Measures, whereby the regulator implemented its outright ban on credit card wagering across all gambling verticals.
The anticipated ban on all credit transactions was approved this January, marking the Commission’s first industry-wide regulatory enforcement for 2020 proceedings. The credit ban applies to all online and offline gambling verticals with the exception of non-remote lotteries including physical National Lottery tickets and scratch cards purchased at retail outlets.
Announcing the credit card ban, the UKGC underlined that ‘22% of online gamblers using credit cards to gamble are classed as problem gamblers – with even more at some risk of harm’. The UKGC and its policy advisors have highlighted that they believe the enforcement will reduce problem gambling factors.