What is the Kingbets policy on chargebacks and reversed payments?

Short Answer: Kingbets strictly prohibits chargebacks and reversed payments. If you initiate a chargeback or deny a payment, the company may suspend your account, reverse any associated winnings, void bonuses, and recover the outstanding amounts from you. You will also be liable for any administration fees and collection costs.

All deposits must be made in good faith and you must not attempt to reverse a payment made to Kingbets.

1. The Prohibition on Chargebacks

According to Clause 9 of the Kingbets General Terms and Conditions, you must make all payments to the company in good faith and not attempt to reverse a payment or take any action which will cause such payment to be reversed by a third party. If you initiate a chargeback, denial, or reversal of payments, you will be required to reimburse Kingbets for any losses suffered as a consequence. The terms also state that the company reserves the right to impose an administration fee to cover the costs per chargeback.

2. Consequences for Your Account

If a chargeback occurs, Kingbets may suspend your account and withhold any funds, including winnings. The terms note that any winnings from wagers utilising charged-back funds will be forfeited. Furthermore, Kingbets reserves the right to recover any amounts owed to them, and you may be liable for legal costs and collection fees. This policy is in place to protect the platform from fraud and financial loss.