An investigation has revealed that Mastercard and Visa are processing payments for illegal gambling websites, allowing unlicensed platforms to operate and scam UK customers. Despite prior commitments to prevent such transactions, both card companies continue to profit from these unregulated sites, earning fees from each transaction. With several customers reporting devastating financial losses, including one who lost £60,000, the investigation highlights the serious repercussions of these practices. The situation raises concerns about accountability, as these unlicensed sites evade legal gambling requirements and exploit vulnerable individuals.
Mastercard and Visa continue to process payments for illegal gambling websites, contradicting their previous commitments to prevent such transactions, impacting numerous UK customers.
Customers report devastating financial losses and fraudulent activities on unlicensed gambling websites, with some experiences leading to serious mental health issues.
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