UK Credit Card Deposit Ban Comes into Force Today
by Glenn Baird - April 14, 2020
January’s announcement that credit cards would no longer be allowed for online gambling deposits in the UK kicks in today, the 14th of April.
The UKGC, the UK’s gambling regulator, believes that this decision will help to protect the 10.5 million people in the country who gamble online, with an estimate of roughly 800,000 of that number previously using credit cards to make deposits. 22% of the 800,000 using credit cards to make deposits are considered problem gamblers in the UK.
The ban includes not just credit cards but also credit card gambling through e-wallets. The Commission has stated that only e-wallets that prevent credit card use for gambling can be used.
Neil McArthur, Gambling Commission chief executive, said: “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 to looking for ways to make gambling safer.”
With the country now stuck at home in lockdown, these measures will be welcomed by those who fear the worst for problem gamblers who might be more tempted than ever to gamble.