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Revolut app will block credit card payments to gambling websites

Friday 21 January 2022 10:25 CET | News

European virtual bank and card issuer Revolut has decided to block card payments made to gambling websites in Ireland. 

According to newspaper Irish Independent, betting companies in Ireland are profiting from credit card payments made through contactless apps, including Revolut, Google Pay, and Apple Pay, as direct credit card betting is banned in the country under the industry regulation.

Revolut’s decision comes in addition to the 48-hour gambling block users can activate themselves through the app and follows a similar pattern to the UK users, where credit card payments for betting websites are banned under penalty of fines. 

Former UK-based virtual bank Revolut counts for approximately 1.5 million users in Ireland alone and represents one of the fastest-growing alternative payment method in Europe.

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Keywords: Revolut, regulation, online payments, gambling, contactless payments, digital banking, mobile payments, mobile banking
Categories: Payments & Commerce
Companies:
Countries: Ireland
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Payments & Commerce






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