The gambling and cash equivalent fee is a 3% payment fee applicable to transactions involving gambling activities such as lottery, horse race betting, and sports/casino betting.
This fee also applies to purchases, sales and other transactions of cash equivalents such as foreign currency, non-fiat currency (like cryptocurrencies purchased on Binance or BitPanda), and traveler's cheques, whether made online or offline, for both incoming and outgoing payments.
This fee does not apply to in-app purchases of cryptocurrencies and foreign currencies using Vivid’s products.
Kindly note that since March 2023, both new Standard and Prime customers will be subject to the gambling and cash equivalent fee, as outlined in our updated Terms and Conditions. For more information regarding this update, check this article.