Hungarian Banks Now Blocking Online Gambling Transfers
Hungarian banks are blocking payments to online betting sites, in order to protect themselves in the legal debate on betting abroad by Hungarian citizens, which is illegal.
The website of online betting agency Sportingbet states that payments cannot be made from Hungary on cards issued by IEB, Citibank, K&H Bank, MKB, Takar?kbank and savings co-operatives. The experience of online betting agency Betandwin is similar.
K&H and MKB justified their ban by stating that bankcard fraud is high in the internet gambling world. However, IEB denied having banned any internet transactions, adding that it is the market leader in this area.