Revolut to ban credit card deposits to gambling sites in Ireland

Banking app Revolut will block credit card payments to gambling sites in Ireland.

Revolut card

The decision was taken after an inquiry showed that betting firms in the country are taking advantage of credit card payments made through contactless apps such as Apple Pay, Google Pay and Revolut.

Currently, direct credit card betting is banned under Irish industry rules.

A Revolut Spokesperson commented: “Revolut is planning to block the use of credit card funds on gambling sites in Ireland, in the same way that we do in the UK. This is in addition to the 48-hour gambling block that all users can currently activate themselves.”

The banking app can be funded via a credit card, bank withdrawal or debit card.

The company has developed a technology that identifies payments drawn specifically from credit cards to stop them from being used for gambling sites.

Since in the UK credit cards payments for gambling purposes are banned under penalty of fines, the system is currently used to separate debit and credit cards for gambling sites in the country.

According to betting operators, credit card payments that go through Revolut and Apple Pay in Ireland are a “loophole” that isn’t available to them in the UK.

The Irish Bookmakers Association, which oversees the country’s voluntary Safer Gambling Code, said operators have not “technically broken the credit card gambling rules.”

A spokesperson for Paddy Power also commented, suggesting it is unknown how much the operator would lose as a result of Revolut’s decision, as the company does not know which payments made via the banking app come from credit cards.

Revolut currently has 1.5 million users in Ireland.

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...