The United Kingdom Gambling Commission has clarified to all UK operators that the credit card gambling ban, imposed on the 14th of April, 2020, also cuts across Money Service Businesses (MSBs). The Gambling Commission made this clarification after some UK operators were allegedly reported to be accepting credit card payments via the MSBs.
In a statement released on its website, the Gambling Commission provided more information about the credit card gambling ban as part of its licensing conditions. The watchdog shed more light on the matter, stating that all UK operators were not to accept any form of payments made by credit cards either directly or indirectly via any MSB, such as e-wallets.
The regulator urged all its licensees to ensure that the credit card ban is not manipulated in any way, such as depositing funds to an online money transfer or an e-wallet directly from a credit card. Players have been reported to be using credit cards to fund their e-wallet accounts before transferring the funds to their betting accounts.
The Gambling Commission went ahead to advise all operators that before they accept deposits from players through the MSBs, they have to make sure that players cannot fund e-wallets accounts using their credit cards before accepting any form of payments via MSBs.
Additionally, the UK gaming ombudsman advised all licensed operators to reject all incoming payments from MSBs that haven’t devised a way to block credit card deposits that are loaded form gambling purposes.
The measure of banning credit card deposits was put in place to make it more difficult to borrow money for gambling purposes, thus reducing the chances of gambling harm from borrowed funds. The ban came into effect on the 14th of April 2020.