Following the Gambling Commission's ban on credit cards for gambling activities that began last week, Fintech bank Revolut has suspended payments to and from gambling sites.

From Yahoo Finance:

The start-up informed its customers via email, in which it states: “From 14 April 2020, our UK customers won’t be able to use their Revolut cards for any online or offline gambling payments in the UK.”

The requirements state that UK gambling companies cannot accept payments made via credit card or “money service businesses” like Revolut.

The statement continues: “This applies to all non-remote general betting, pool betting and betting intermediary licences, and all remote licences. While many people gamble responsibly using a credit card, the aim of these new regulations is to help protect those most at risk from gambling money they do not

While the ban of credit card deposits was an expected move from the government, the inclusion of “money services businesses” has caught many by surprise.
Read the article here: https://finance.yahoo.com/news/revol...144153338.html