Effective March 20, 2016 Yahoo will stop accepting credit card deposits on it's DFS platform.
They issued an email to their users (which is included below). The reasoning for their decision is unknown.
As Yahoo indicates in the email they will continue to accept PayPal as a funding source.
This news comes a week after Yahoo left the NY DFS market following the DraftKings and FanDuel settlement with the NY AG. While Yahoo was not served a cease-and-desist they felt it was best to leave the market with NY determines the legality of DFS there.
The decision to end credit card deposits is an interesting one as Vantiv announced they would stop processing payments for the DFS industry and some credit card companies halted transactions just prior to the NY settlement.
Here is the Yahoo email in text form:
Starting March 30, 2016, Yahoo Sports Daily Fantasy will no longer accept credit card deposits into Yahoo Sports Fantasy accounts. We will continue to accept deposits made using PayPal.
We deeply value our relationship with you and are committed to providing you with the highest level of service. We will continue to evaluate all payment methods and will look to implement other methods if they become available. If you have any further questions please feel free to contact Yahoo Customer Care.
Yahoo Sports Daily Fantasy Team
- The 10 Best Fantasy Football Instagram Accounts of 2020 - August 22, 2020
- Texans & Jaguars Fantasy Preview: 2020 AFC South - Episode 311 - July 14, 2020
- Panthers & Saints Fantasy Preview: 2020 NFC South - Episode 310 - July 11, 2020