HSBC Restricts Online Gambling Credit Card Transactions

HSBC Restricts Online Gambling Credit Card Transactions Baking and financial group HSBC has made a decision to restrict online gambling transactions on its credit cards based on concerns of unlicensed gambling.

“We did not issue a press release [on the ban],” HSBC's group public affairs manager in Hong Kong, David Hall said. “If you have an illegal site and you put out a notice saying you won’t allow transactions involving an illegal site, it would be perverse.”

The Malta Independent Online news publication reached out to the bank’s customer team via the customer service phone number and only one of three customer service reps new of the restriction.
  • I am not really bothered with this. I think no one should be using a credit card for their gambling card. Get an online wallet or connect a debit card. There are so many possibilities today. Get a pre paid card and top that up this way dont have to use your bank account.
  • I can't find any other information about this anywhere. We have some sort of HSBC services here, but I'm not sure if they will be affected too... I don't actually use a credit card, but it is always a bit upsetting to see payment processors limit gaming transactions.
  • Did this means something for players residing Europe? Or this is just problem for Chinese market?

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