No Deposits Working

[cmuddle]

Hi guys

just wanted to add some money to my Matchbook account and was not able to.
They said Mastercard not accepted at the moment in the whole industry.
Tried using Revolut which s visa, not accepted either.

That is stupid!!!

Do you know anything about this?

Annoying

[Michael5482]

Hi guys

just wanted to add some money to my Matchbook account and was not able to.
They said Mastercard not accepted at the moment in the whole industry.
Tried using Revolut which s visa, not accepted either.

That is stupid!!!

Do you know anything about this?

Annoying

Legislation is the answer. You cannot deposit money to gambling accounts via a credit card in the UK (I'm just assuming your UK based). Been like this for a few years.

[The Silk Run]

Hi guys

just wanted to add some money to my Matchbook account and was not able to.
They said Mastercard not accepted at the moment in the whole industry.
Tried using Revolut which s visa, not accepted either.

That is stupid!!!

Do you know anything about this?

Annoying

Legislation is the answer. You cannot deposit money to gambling accounts via a credit card in the UK (I'm just assuming your UK based). Been like this for a few years.

That NOW applies to cryptocurrencies as well. Advised by FSCA.

[Michael5482]

Hi guys

just wanted to add some money to my Matchbook account and was not able to.
They said Mastercard not accepted at the moment in the whole industry.
Tried using Revolut which s visa, not accepted either.

That is stupid!!!

Do you know anything about this?

Annoying

Legislation is the answer. You cannot deposit money to gambling accounts via a credit card in the UK (I'm just assuming your UK based). Been like this for a few years.

That NOW applies to cryptocurrencies as well. Advised by FSCA.

Yes had the e-mail form Nationwide the other day not that I've ever bought crypto and if I did the last thing I'd be using is a visa card

[Derek27]

Mastercard or credit card?

I've got a Neteller Mastercard. It doesn't say Mastercard on it but it's got the red and yellow intersecting circles logo. I withdraw Betfair funds to it so I presume I could deposit with it.

[The Silk Run]

Mastercard or credit card?

I've got a Neteller Mastercard. It doesn't say Mastercard on it but it's got the red and yellow intersecting circles logo. I withdraw Betfair funds to it so I presume I could deposit with it.

My notification was from HSBC who advised their would be NO Credit Card purchases of cryptocurrency related activities with immediate effect as advised by UK FSCA.

[Kai]

Sorry but have to agree with this.

Should never be borrowing money from credit companies to fund betting accounts, obvious red flag.

Ideally should never use credit cards, period.

[cmuddle]

Its all debit cards and all worked weeks ago !

So annoying !!!

[cmuddle]

Ok all sorted, had to open Neteller account and it all worked.

Not sure why suddenly Mastercard banned all gambling site transactions or it was banned from it but it is all very strange.

[cmuddle]

I use Matchbook for mainly when Betfair is down, to close my positions .

An it does have better prices sometimes.

[Crazyskier]

The UK rules forbid gambling on credit, and rightly so in my view.

The confusion arises as both Visa and Mastercard offer debit cards.

Generally Visa manage the majority of debit cards, and most Mastercards are CREDIT cards, however the old Access / Switch and DEBIT Mastercards still exist in the UK and Europe, causing confusion with those operators who have simply banned ALL Mastercard use.

To futher complicate matters, both debit and credit cards start with the same number - 4 for all Visas and 5 for all Mastercards, so it's easy to see why some operators just ban all cards starting with a 5, as most of them are credit cards, though not all, as above,

Given the very dim view that most banks take on using any kind of debit or credit card to gamble, I strongly recommend using BACS to transfer funds to Paypal (or similar) for free, then deposit and withdraw back to Paypal as a Paypal credit or debit won't cause any credit worthiness issues with your bank.

CS

[jamesedwards]

I use Matchbook for mainly when Betfair is down, to close my positions .

An it does have better prices sometimes.

Unless your cross-platform matching is integral to your profitability you might want to consider stopping it in case you fall foul of impending consumer protection rules. If you happen to rack up losses with a single provider that they might deem to be "unaffordable" you could find yourself being red-flagged as a problem gambler and banned from everywhere. viewtopic.php?f=15&t=27103

[cmuddle]

I use Matchbook for mainly when Betfair is down, to close my positions .

An it does have better prices sometimes.

Unless your cross-platform matching is integral to your profitability you might want to consider stopping it in case you fall foul of impending consumer protection rules. If you happen to rack up losses with a single provider that they might deem to be "unaffordable" you could find yourself being red-flagged as a problem gambler and banned from everywhere. viewtopic.php?f=15&t=27103

No worries mate, I don't do that. But thanks anyway.