bet365 suspends Flexepin payments as ACMA investigates

Popular online bookmaker payment options in Australia, like Flexepin and Visa pre-paid cards, could soon be in the gun, after Australian Communications Minister Michelle Rowland raised problems with the recently introduced ban on credit card deposits.

Betting sites like bet365 were still accepting prepaid cards and vouchers that you can buy with credit and then fund your account, essentially circumventing the credit card ban.

Several payment options at bet365 have since been suspended in Australia, while authorities investigate whether bet365 broke the law, or if there is a loophole in the ban that needs to be closed.

The new laws, which were passed in December, stop punters from funding betting accounts with credit cards, including via services like Apple Pay, which you can link to your credit card. They also tightened up laws surrounding cryptocurrency payments.

The bet365 issue will now be put to the Australian Communication and Media Authority, with this the body in charge of enforcing regulation surrounding betting sites.

Rowland is on record saying the new credit card laws were being put in place to stop people gambling with money they don’t have.

bet365.com.au is licensed by the Northern Territory Racing Commission, which is the no.1 gambling regulator in Australia.

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