Prohibition of gambling on credit cards
- Executive summary
- Background and approach
- Methodology and limitations
- Operator Implementation and customer behaviour
- Credit cards and digital wallets
- Deposits prior to the introduction of the ban
- Displacement to other high-cost credit sources
- Displacement to illegal sources of funds
- Bypassing the ban through other behaviours
- Displacement to unlicensed gambling sites
- Inconvenience to leisure gamblers
- Conclusions and next steps
Operator Implementation and customer behaviour
- Operators implement the ban effectively and on-time
- If operators did not implement the ban, it would be an outright failure
- We are confident that gambling operators introduced the ban in a timely and effective way
Two principle data sources that have been considered for whether the ban has been effectively implemented are as follows:
- Bank data: A major high street bank has informed us that they observed the volume and value of gambling transactions with credit cards to the gambling merchant code, MCC7995, reduce to a very low level after the ban.
The continuing low-level expenditure can be explained by activities outside the scope of the ban (predominantly lotteries and competitions spending).
- Our information: We have not detected any operator breaches during compliance assessments and have not received any alerts to systemic breaches of the gambling with credit card prohibition.
Prohibition of gambling on credit cards - Methodology and limitations Next section
Prohibition of gambling on credit cards - Credit cards and digital wallets
Last updated: 2 November 2021
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