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The guide below will tell you what fees apply when you pay with a credit card to participate in gambling.
Gambling is generally not recommended as you risk losing money this way. In addition, with gambling, the likelihood of addiction is high. If, despite everything, you visit (online) casinos or otherwise participate in gambling from time to time, you need to know what fees apply when paying by credit card in order to play them.
Most credit card issuers in Switzerland charge you a fee when you pay with a credit card or prepaid credit card for gambling. Typically, the fee is the same as when withdrawing cash with a credit card or using a prepaid credit card at an ATM. You can find all the details on this subject on the information pages dedicated to the cards in the comparison of credit cards and prepaid cards on moneyland.ch. Also check if you can use your credit card for online gambling by reading this article: https://statisticsanddata.org/credit-card-casinos-can-you-use-your-credit-card-for-online-gambling/
If you make a lot of small transactions (for example, if you often deposit small amounts on online casino sites), the fees that apply to gambling can be a significant expense.
However, you should be aware that the casino or other service provider may charge you extra if you pay with a credit card. In addition, some payments may also be considered cash withdrawals, so charges may apply to amounts withdrawn with a credit card.
Generally, Swiss credit card issuers exclude gambling from their bonus programs. This means that you will not receive points, miles or cashback for payments made in connection with gambling.
If you pay with a credit card at a casino located outside of Switzerland, you will be charged a commission for payments abroad in addition to special gambling-related commissions. You will also pay hidden fees in the form of surcharges on exchange rates. The same applies to the use of online gambling offers offered by foreign service providers.
Find out also: 7 Criteria to Consider When Choosing an Online Casino