Credit Cards and Digital Currency Banned for Online Wagering

May 10, 2024 | Online Gambling

From 11 June 2024, you won’t be able to use a credit card or digital currency to place bets.

Online and telephone wagering operators will not be allowed to accept payments using these methods.

 

Banned payment methods

You will not be able to deposit money to your betting account using:

  • a credit card
  • funds linked to a credit card (including digital wallets)
  • digital currency (such as cryptocurrency).

The ban will apply to online and telephone betting services, including those provided by on-course bookmakers.

Credit betting

Wagering operators must follow rules that have been set to protect you. It is illegal for them to provide credit to you, or to help you access credit from third parties, such as payday lenders.

Complain to us

If a betting company has offered you credit, you can complain to us. You can choose to remain anonymous.

SOURCE: Australian Communications and Media Authority (ACMA).

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