At least two nationwide playing companies working in Arizona will no longer take fee-laden credit card deposits earlier than the beginning of school basketball’s March Madness.
FanDuel, which is partnered with the Phoenix Suns, says it is making the change by March 2 to enhance the client expertise.
It joins DraftKings, a associate with TPC Scottsdale, which dropped credit card deposits final 12 months.
FanDuel issued a press release saying this determination has been in the works.
“Over the last few months, FanDuel has been evaluating the payment methods that we offer to customers and made the decision to remove credit cards as an option for our Sportsbook, casino and racing product in the United States,” the sportsbook said. “This change was made to improve the deposit experience for our customers.”
Many sports bettors do not use credit playing cards as a result of they’re accountable for the charges.
U.S. Sen. Elizabeth Warren of Massachusetts applauded FanDuel’s actions.
“Last week, I asked sports betting companies about Americans getting scammed by credit card companies when placing sports bets — to the tune of a $10 junk fee just to fund a $20 bet,” Warren posted on social media.
“Glad to see Fanduel take action to protect consumers from these junk fees, joining DraftKings. The rest of the industry should follow suit.”
Two notable sportsbooks with nationwide areas, BetMGM and Caesars, settle for credit playing cards.
FanDuel additionally introduced Jan. 22 a program referred to as “Play with a Plan” to encourage accountable wagering. Bettors are capable of observe their account exercise, set spending limits and set up deposit notifications.