"FanDuel Sportsbook will no longer accept deposits by credit cards beginning March 2, the same step DraftKings Sportsbook took in August. "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.""
"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.""
FanDuel is eliminating credit card deposit options for its U.S. Sportsbook, casino and racing products effective March 2, following DraftKings' earlier move. The company said it evaluated payment methods and determined removing credit cards would improve the deposit experience. Many sports bettors avoid credit cards because of fees associated with funding bets. Senator Elizabeth Warren praised the decision, citing consumer harm from junk fees on small bets. BetMGM and Caesars continue to accept credit cards nationwide. FanDuel also launched a "Play with a Plan" program enabling bettors to track activity, set spending limits and get deposit notifications.
Read at ESPN.com
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