Sportingbet To Charge For Debit Card Deposits

Leading online bookmaker Sportingbet have announced that from February they are charging customers £1 per debit card deposit on all deposits , minimum deposit is £10.

The following link on the Sportingbet.com website provides details of the charge which now applies to all deposit options:

http://www.sportingbet.com/help/payments/deposit/payments-deposit-charges

Sportingbet Managing Director Andy McIver said "It's because of the number of people who have developed the habit of depositing relatively small amounts , withdrawing then depositing again-in a rapid cycle."

Charging customers for depositing is very unusual for online bookmakers targetting the UK although it is more commonplace in Europe.McIver confirmed "debit cards are not that common in Europe but for simplicity's sake we have gone across the board for all deposit methods."

Many overseas online bookmakers charge customers when making a withdrawal from their online betting account.

Sportingbet are seemingly happy to lose some low staking customers which will surely be the result of the introduction of this charging policy.

In other news today Sportingbet have confirmed the completion of its acquisition of leading Danish online betting operators Danbook Limited and Scandic Bookmakers Limited.

Sportingbet PLC already trades licensed businesses in Denmark under its Sportingbet and Centrebet brands and stated in today's press release that the ‘combination of these businesses with Danbook and Scandic’ will give it ‘scale’ in an important and regulated market.

Sportingbet could pay up to £8.5M for the two companies subject to performance conditions being met.

Sportingbet currently offer up to £100 in free bets to UK customers, although the free bet offer does require customers to place a minimum of four bets , three of which are multiple bets.

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