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UKGC Issues Guidance on Credit Card Payments Through MSBs

George Miller
June 11, 2020
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UKGC Issues Guidance on Credit Card Payments Through MSBs
UKGC Issues Guidance on Credit Card Payments Through MSBsReading Time: < 1 minute

 

The UK Gambling Commission’s recent ban on credit cards has been extended to the payments for gambling made by credit card through any money service business (MSB).

The new licence condition 6.1.2 prevents gambling operators from accepting payments by credit card either directly or through any MSB which allows credit card deposits.

Operators are now required to take the following course of action before accepting customer payments via any MSB:

Operators must satisfy themselves that customers of that MSB cannot fund their e-accounts or e-wallets with credit card deposits and then use those funds for gambling.

Operators will need to reject all payments made through such MSBs that have not developed a “block” to prevent credit card deposits being used for gambling through their e-account or e-wallet facilities.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: UKGC Issues Guidance on Credit Card Payments Through MSBs

George Miller

George Miller

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

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At the heart of the ever-evolving gaming and technology sectors lies EEGaming.org, a premier B2B platform and the definitive Intelligence Hub for industry leaders. As a flagship publication of HIPTHER, we bridge the gap between regional heritage and global innovation, redefining how the industry connects, informs, and inspires.

Expertise & Evolution – More Than Just News

Reaching a vast network of decision-makers, EEGaming.org goes beyond the headlines to deliver high-stakes intelligence and strategic foresight. From the intricacies of European regulations to the rapid evolution of global tech, we provide comprehensive coverage across the verticals that drive the industry:

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Our impact extends far beyond the digital page. EEGaming.org is a proud host of virtual meetups and industry-leading conferences that spark dialogue, foster collaboration, and drive innovation. Through detailed reports and live events, we create a space where operators, suppliers, regulators, and professional services come together to shape the future of gaming.

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