CORAL — Betting Shop Bank Charge Explained

CORAL on your bank statement is a transaction descriptor for Betting Shop, a finance company. This is a general descriptor covering betting and gambling operators such as Ladbrokes, William Hill, Coral, Paddy Power, Bet365 and Betfred. Charges are deposits or stakes that vary in amount, and frequent or unexpected entries can be a sign of unauthorised use or problem gambling.

What Is the CORAL Charge?

CORAL is a transaction descriptor for Betting Shop, a finance company.

This is a general descriptor covering betting and gambling operators such as Ladbrokes, William Hill, Coral, Paddy Power, Bet365 and Betfred. Charges are deposits or stakes that vary in amount, and frequent or unexpected entries can be a sign of unauthorised use or problem gambling. If you need help, GAMSTOP and GamCare offer free self-exclusion and support.

This code appears on your bank statement because banks display a short payment reference — set by the merchant's payment processor — rather than the company's full trading name. The code CORAL is the official identifier that Betting Shop registered with Visa or Mastercard.

Is the CORAL Charge Legitimate?

Betting Shop has received mixed reviews and reports of unexpected charges. If you do not recognise this charge, we recommend contacting your bank immediately to dispute it and request a chargeback. You do not need to contact the merchant first.

How Do I Cancel or Dispute a CORAL Charge?

  1. Identify the charge: Confirm the charge is from Betting Shop by checking your email for a receipt or logging into your account on their website.
  2. Cancel your subscription: If you no longer want the service, log in to Betting Shop and cancel your subscription through account settings before the next billing date.
  3. Contact the merchant: If you do not recognise the charge, contact Betting Shop customer support and ask for an explanation and refund.
  4. Dispute with your bank: If the merchant does not resolve the issue, call the number on the back of your card and ask to raise a chargeback on the CORAL transaction. Provide the transaction date and amount.
  5. Section 75 rights: If you paid by credit card and the amount was over £100, you may have additional protection under Section 75 of the Consumer Credit Act 1974.

What Other Names Does Betting Shop Use on Bank Statements?

Betting Shop may also appear on your statement as:

Frequently Asked Questions About CORAL

What is CORAL on my bank statement?

CORAL is a bank statement transaction code for Betting Shop, a finance company. This is a general descriptor covering betting and gambling operators such as Ladbrokes, William Hill, Coral, Paddy Power, Bet365 and Betfred. Charges are deposits or stakes that vary in amount, and frequent or unexpected entries can be a sign of unauthorised use or problem gambling. If you need help, GAMSTOP and GamCare offer free self-exclusion and support. This descriptor appears because banks display a shortened payment code instead of the full company name.

Is CORAL a scam?

Betting Shop has received mixed reviews and reports of unexpected charges. If you do not recognise this charge, we recommend contacting your bank immediately to dispute it and request a chargeback. You do not need to contact the merchant first.

Why is CORAL on my bank statement?

CORAL appears on your statement because Betting Shop processed a payment through their card payment provider. The code is set by their payment processor and is the official descriptor registered with Visa or Mastercard. Common reasons include a subscription renewal, a one-off purchase, or a trial period that has converted to a paid plan.

How do I cancel CORAL?

To stop CORAL charges from appearing on your statement, you need to cancel your Betting Shop subscription or account. Log in to the Betting Shop website, go to your account settings, and cancel your subscription. If you cannot find the cancellation option or do not recognise the charge, contact your bank to dispute it and block future payments.

How do I get a refund for a CORAL charge?

If you believe you have been charged incorrectly by Betting Shop, first contact their customer support to request a refund. If they are unresponsive or unhelpful, contact your bank and ask to raise a chargeback. You typically have up to 120 days from the transaction date to raise a chargeback claim. For credit card purchases over £100, you may also be protected under Section 75 of the Consumer Credit Act.

For more information about Betting Shop and all its known transaction codes, visit the Betting Shop merchant page.