Barclaycard to increase charges for UK gamblers
Barclaycard have today confirmed that they will be applying additional fees to all credit card transactions in the UK which involve a gambling organisation.
Currently, British gamers who deposit money at a casino with their credit card don’t incur any additional charges. However, that will change from 28th May 2012 when such transactions will see Barclaycard adding an additional 2.99% of the deposit amount (with a minimum charge of £2.99) on to the size of the deposit.
The move was reported on the popular financial site ThisIsMoney.co.uk and is sure to anger Barclaycard users who will see the cost of withdrawing money increasing too. Credit cards have always been a popular way of depositing money with online gambling sites due to the fact credit cards offered extra protection on all transactions worth between £100 and £30,000.
However, players will now be forced to chose between cost and security with many players expected to switch to depositing via debit cards, which won’t incur them any additional charges, but won’t offer them any security either.
This isn’t just a change that will affect online gamers though, with Barclaycard also confirming that these additional fees will also apply on all purchases of lottery tickets – many of which take place offline in local corner shops and newsagents.