September 17, 2018
The PSA has confirmed that it will be amending the Notice to align the maximum spend caps with the £40 single transaction limit that is set out in UK law in the Payment Services Regulations 2017 (PSRs).
The PSA’s objective is to lessen the potential for confusion arising from the difference between the single transaction limit in the PSRs (£40) and the PSA’s current spend cap of £45 for single transactions (calls) for specific service types (sexual entertainment services, live entertainment services, chatline services and professional advice services). The spending cap for remote gambling services will be removed from the Notice.
The PSA also said that it will not introduce a cumulative spend cap as well. The Notice will take effect on 1 October 2018. To read the statement in full, click here.