Monday, October 16, 2006
Bank charges for online gambling transactions

More and more British banks are changing their pricing policy for credit card transactions for gambling. In the UK, credit cards are only allowed at online gambling transactions and banks therefore want to treat them the same as cash withdrawals. This new treatment can add up to UK£3 cost per bet.

Other banks, like Citigroup, and credit cards, like American Express and Diners, have already barred the use of credit cards for gambling transactions all together.