Why have we set a Net Spend limit?
We want to help you spend within your means so we have introduced a Net Spend Limit to all player accounts. We may apply a standard Net Spend Limit for you or a personalised limit based on your income.
How does the Net Spend Limit work?
Your Net Spend is the sum of your deposits minus the withdrawals you have made for that period. The Net Spend Limit is the maximum value that can be lost in the period. Every time you win and withdraw funds, your limit will adjust, allowing you to deposit more whilst ensuring that you cannot lose a disproportionate amount of money.
* Net Spend Limits cycle and refresh from 5am to 5am
Here are some examples , to get your head around:
An example of a player with a £1,000 Net Spend Limit per month.
Day 1
Deposit made: £1000
Withdrawals processed: £0
Net Spend Limit amount remaining: £0
Day 2
Deposit made: £0
Withdrawal processed: £500
Net Spend Limit amount remaining: £500
Day 3
Deposit made: £200
Withdrawal processed: £0
Net Spend Limit amount remaining: £300
Day 4
Deposit made: £100
Withdrawal processed: £800
Net Spend Limit amount remaining: £1000
The Net Spend Limit is dynamic and adjusts your maximum deposit amount as you continue making deposits and withdrawals throughout the month.
What is my Net Spend Limit amount?
You will receive an email for newly set up Spend Limits, and to find your current Net Spend Limit, you can chat to our Player Experience team through our live chat.
What’s the difference between the Spend Limit and the Net Spend Limit?
The Spend Limit is usually self-imposed. This means that you can set it and change it yourself. It’s a cap on how much you deposit over a certain period.
The Net Spend Limit is something we apply to your account to protect you. It resets depending on the amount of deposits and withdrawals you make.
What can I do if I’ve reached my monthly Net Spend Limit?
If you’ve reached this limit, you will be unable to deposit until the following month unless you have a withdrawal which will then reset your limit by this amount.
It is possible to amend your Net Spend Limit, to do so we would need to make sure this is safe and affordable for you. Check out our page on how to submit Source of Funds to learn more about what we will need.
How do I change my Net Spend Limit?
If you want to increase your Net Spend Limit, please note that the maximum limit we would allow is 30% of your average monthly income, hit the chat icon to speak with our Player Experience team 9am-9pm | Monday - Sunday or send an email 24/7 at support@mrq.com
We will ask you to verify your income (such as payslips, P60, self-assessment tax returns, and/or evidence of savings/investments). You can however set up a lower Spend Limit to help manage your spending through your account settings.