UKGC to consider ban on Credit Card betting

[Slottery]

No wouldnt apply to us - id hate though that because one country mandated it, casinos remove the option altogether...probably not I guess
though we have seen instances where SOW seems to be leaking over, though not required for us

Not really true, by MGA rulings SOW need to be collected if you are categorized medium/high-risk player (like in UKGC, some casinos just are for some reason using your lifetime threshold as been spoken here in many topics, think still waiting reply to that one topic from Guts where player got freespins with no deposit but was triggered for SOW, when making withdrawal but we havent hear lot from them....).

All these SOW requests should be based on risk analysis completed by casino, AFAIK player who plays 50€ monthly for 10 years with no changes to deposit or playing pattern (also some other measurement in there which can make you higher risk player like your game play, payment methods etc....) should mandatorily need to be requested SOW.

Page 27 have quite clear and simple picture, also from page 34 there are some simple examples about risk factors. It is about casino how they want to operate, as earlier somebody posted UKGC ruling, it is quite similar. Just taking an easy way out and be over scared is use some fixed lifetime amounts but that 2000€.

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I happily stand corrected if i am wrong, but also MGA licensed casinos are required to complete risk analysis and requested SOW if they think it is needed (sorry, didnt mean to make it to SOW again, just point out that if you play under MGA licensed casino, you can be requested it, only way to get rid of it are probably some Curacao etc... licensed casinos)

 

[dionysus]

edit, error

 

[Ben2020Star]

Hi Folks, newbie here....I have an Irish credit card.....anyone know if I will be still able to use it with my paddypower account? I am living in North UK

Ta

 

[Davey86]

Hi Folks, newbie here....I have an Irish credit card.....anyone know if I will be still able to use it with my paddypower account? I am living in North UK

Ta

you won’t be able to deposit if your playing in the U.K.? I’m assuming regardless of where your card is from

 

[Ben2020Star]

Hiya, my residental address is UK but I use my Irish credit card on PP - am wondering will they stop that? as in can UK residents use international credit cards to deposit with or is it only UK cards that are banned?

 

[Davey86]

Hiya, my residental address is UK but I use my Irish credit card on PP - am wondering will they stop that? as in can UK residents use international credit cards to deposit with or is it only UK cards that are banned?

All credit cards have a unique transaction number so when you go to deposit it will be denied as your living in the U.K. playing under the ukgc license

 

[Fredos386]

I often wonder what the casinos CEO's are thinking really. I mean they push players into going credit card, they want them to get loads of debts. Of course they get a one time lump sum that is bigger than usual and they are happy but then the players have to pay interests and fees on these cards... money they won't have to gamble. So many decisions they take have a instant reward but with a medium/long term impact that is multiple times worst than the benefit. I could go on for hours explaining how about everything they do is the worst idea possible but it would be a waste of time. To me it just look like a person that is a bit retarded that thinks he got genius ideas all the time while in fact he's shooting himself in the foot.

A little example to explain my point, it's like if a restaurant owner is struggling and going bankrupt and decides to raise prices and lower the food quantity/quality. So not only he had not enough customers but now he will have en less... rip. The solution when you are in that spot is to go all in. Big promotion, big deals that will use all the remaining in a last attempt at saving the day, that can work pretty well while the other option is a guaranteed bankruptcy.

The funniest/dumbest company decision i knwo of is caddell group that bonus ban players that get a big win on bonus. So the players win huge and are bonsu banned so they go lose the money elsewhere... that's just plain .... who hire these people? lol.

 

[pinnit2014]

How does a casino push players into going into credit cards? Certainly never seen an offer of 'deposit 10 with Mastercard, get 20' etc to do so.

If you're talking about the indirect pushing via getting in debt, well that's on the player - and that's from someone here who was guilty of it in the past, been there done it, learned a harsh financial lesson - but twas all my own doing, not the casino.