The UK's online betting industry has grown rapidly over the years, with many people using online platforms for sports betting, casino games, Online Betting poker, and other forms of gambling. While debit cards remain one of the most popular payment methods, many punters previously used credit cards for deposits due to the convenience and financial flexibility they offered. However, following regulatory changes in the UK, the ability to use credit cards for betting has become limited.
In this comprehensive guide, we’ll explore the current state of credit card use in the UK betting market, the regulations affecting this payment method, and alternative options for those looking to fund their betting accounts.
This regulatory change was part of broader efforts to reduce gambling-related harm and protect consumers from falling into debt.
In this comprehensive guide, we’ll explore the current state of credit card use in the UK betting market, the regulations affecting this payment method, and alternative options for those looking to fund their betting accounts.
The 2020 Credit Card Ban on UK Gambling
In April 2020, the UK Gambling Commission (UKGC) implemented a ban on the use of credit cards for all forms of online and offline gambling, with the exception of non-remote lotteries (like charity lotteries).This regulatory change was part of broader efforts to reduce gambling-related harm and protect consumers from falling into debt.