What are the licensing objectives as per Gambling Act 2005

Merchant Services Q&AWhat are the licensing objectives as per Gambling Act 2005
Bankim Chandra Staff asked 1 month ago
1 Answers
Bankim Chandra Staff answered 1 month ago

The Gambling Act 2005 has set 3 clear objectives of licencing.

  • The act wants to ensure that Gambling is not used as an act or method to promote crime and disorder. The act wants to ensure that the society is not using gambling as a medium of crime.
  • The gambling activities are transparent and are conducted in an open way.
  • The act also ensures to protect the vulnerable population including children from being exploited by gambling.

All the above stated three pointers clearly define that the gambling act 2005 wants to ensure that the society does not use gambling as a medium of exploitation. This is the key reasons we only work with licensed gambling merchants that work with a transparent approach an offer safe gambling experience to users.
Our Gambling payment processing banking partners in European union are very particular about the business model of there clients. Having said that merchants that comply to card scheme rules and relevant legislation find solutions quite easily.