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Cash Advances Banned on Apple Card (Gambling and Crypto Included) Per New Goldman Sachs Agreement

The Apple Card is coming through the investment bank of Goldman Sachs. When it arrives, you had better read the Customer Agreement carefully before utilizing it.

Gamers in particularly will note rules regarding iGaming. In short, they won’t be able to use the card for any gambling or crypto transactions.

What is not allowed

On the official page, it is clear that the card has limitations on illegal activities, whether domestic or international, including gambling websites or the purchase of illicit goods and services. In short, no cash advances or equivalents.

This means traveler’s checks, foreign currency, cryptocurrency, money orders and the like. Also banned are peer to peer and wire transfers, lottery ticket purchases and casino gaming chips (both digital and physical). Race track wagers are strictly taboo.

The card’s guide also explains the use of consumer devices. If you make unauthorized modifications to your Eligible Device, such as by disabling hardware or software controls (for example, through a process sometimes referred to as “jailbreaking”), your Eligible Device may no longer be eligible to access or manage your Account.

Restrictions on HTML5

It is wise to take note of a change in Apple’s policy if you want to tow the line. It happened recently in June and pertains to gaming apps and HTML5 games. A guideline states that only gambling apps native to iOS will be allowed to be hosted in the App Store.
Compliance is mandatory by September 3rd of this year. Google, for its part, is not as strict on the subject. Their updates allow for sports betting companies in New Jersey to use Google Ads for advertising purposes.

Source: https://lcb.org/news/new-agreement-sees-apple-card-strictly-banned-for-cash-advances-gambling-and-crypto-included

About the author

Carol Kay

Carol Kay

Carol Kay is an American editor and writer living in California with a background in business and finance, health and fitness and popular culture. She is the author of numerous books and articles on a variety of subjects. She is dedicated to disseminating information of public import on the internet.

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