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Bingo Sites Halting Withdrawal Reversals

Bingo sites halt reversing withdrawals
As part of the United Kingdom Gambling Commission’s new set of rules, online gambling sites must halt all options when it comes to reversing withdrawals. This comes following the regulatory body’s outright ban on using credit cards for depositing purposes at gambling sites.

The block on all withdrawal reversals was introduced as part of measures to counteract a potential increase in gambling addiction during the coronavirus lockdown in the UK.

What would normally be the case with making a withdrawal, is that the funds would sit in a “processing” limbo stage for a day or two after the request has been made. At any time in this stage, players can usually request that the funds actually remain in their account and continue betting with it. However, with the introduction of the block on these reversals, that will no longer be a possibility.

The stoppage of these withdrawal reversals came as just one of several new rules that the Commission introduced, with others being for sites to get to know their customers on a better level and to be able to notice signs of problem gambling or the potential lack of being able to financially support their gambling habits.

Those guidelines were undertaken by various online gambling brands quite instantly, including some bingo sites. Dragonfish, which is one of the largest bingo networks within the United Kingdom, was one of the first to stop withdrawal reversals. It provides software to online brands such as 888, Sailor Bingo, Hunky Bingo, and Kozmo Bingo.

Whether or not those guidelines will be relaxed after lockdown itself is eased is another question, but for now, all online bingo sites should be adhering to the rules in a bid to keep their customers safe.

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Mike Bennet
Author: Mike Bennett
Dedicated to keeping the spirit of bingo alive. I think bingo sites translate tradition into a modern context and I aim to provide our readers with the latest from the world of online bingo, including industry news, launches, and promotions.

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