What is changing?
Visa is reminding that merchants should not introduce illegal gambling transactions into the payment system.
What does the change mean?
Visa was recently notified by regulators in Australia, Germany, Hungary, Poland, Turkey, Japan, Vietnam and the U.S. about online gambling laws that prohibit unlicensed and illegal gambling transactions. Recently, several regulators have introduced new gambling laws or increased enforcement activities for existing laws.
How will this affect you?
If as a gambling merchant you are currently operating in regulated countries where a license Is required in order to operate or If all gambling activity Is strictly prohibited, you might see a spike in declined transaction coming from these countries.