Finally the long-awaited ban on using credit cards for online gambling has been finalised:
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Not everyone uses CCs because they dont have $ - if a casino doesnt have etransfer, I'm limited in e-wallets and dont much like them anywayGOOD!, If you do not have the funds to gamble you shouldn't be borrowing money to gamble.
Can you just not get a debit card? or move to another bank? Also ive used paypal for 6 years never had an issue with it most e wallets are 100% safeNot everyone uses CCs because they dont have $ - if a casino doesnt have etransfer, I'm limited in e-wallets and dont much like them anyway
My bank for example, doesnt allow me to to direct deposit as well
I have a credit card as it helps me build credit. I never have a negative balance their as I send money straight back.GOOD!, If you do not have the funds to gamble you shouldn't be borrowing money to gamble.
To clarify I mean people who take out CC To be able to use funds they do not have to gambleI have a credit card as it helps me build credit. I never have a negative balance their as I send money straight back.
But you don't play under UK Licenses do you? We have a multitude of options to deposit with here. I'm all for this.Not everyone uses CCs because they dont have $ - if a casino doesnt have etransfer, I'm limited in e-wallets and dont much like them anyway
My bank for example, doesnt allow me to to direct deposit as well
It could be done on a card provider level surely? I have bank accounts (Monzo for example) where I can block gambling transactions. All it takes is all card companies to block any transaction with a gambling code, as I believe the transaction type for gambling has it own doesn't it?It will be interesting to see if e-wallet providers can implement a block for credit cards in the short timescale that we’ve been given. Unless they do, expect Skrill, Neteller, PayPal etc to all be blocked with this change.
It could be done on a card provider level surely? I have bank accounts (Monzo for example) where I can block gambling transactions. All it takes is all card companies to block any transaction with a gambling code, as I believe the transaction type for gambling has it own doesn't it?
Fair point - I expect we’ll be responsible for making sure they are blocked though and not leaving it to the card providers.
How does the bank know where your cash is going if you top up PayPal? You may want to buy something off eBay?
Fair point - I expect we’ll be responsible for making sure they are blocked though and not leaving it to the card providers.
How does the bank know where your cash is going if you top up PayPal? You may want to buy something off eBay?
Presumably the same way Skrill does, it asks if its for gambling or not and if you say no, it refuses any transactions for gambling using those funds. If yes, and you are using a credit card, block it. The easy way is make the card providers responsible, a bit unfair if its on the casino, considering bank already has the technology in place.
Look at the bright side: the interests on your loan now start on day one.so, it's now, what, like one extra step, to cash advance off your CC
I think this is an ok move, don't have much against it. However, limit the max stake for regulated casinos will cause a huge problem, I hope that won't go through.