Credit card bans introduced in Ireland.

izsara

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Quote from: tippytoes on September 03, 2021, 04:42:55 PM

Quote from: ?? on ??

I think this policy was created because of problematic activities where credit cards often transact with casino deposits which are identified as misuse of borrowed money as bets.
As for the impact for crypto, it clearly provides solutions and offers for gamblers to use crypto as an alternative to paying for a casino that provides deposits using crypto. Apart from encouraging crypto adoption, this has clearly given gamblers attention not to use their credit cards.

Or I am thinking that some of these credit card companies are complaining about nonpayment of some of their customers. Because if they have no problems encountered, I don't think there will be issues in banning the use of credit card. On another note, gamblers are now forced to find alternatives how to fund their gambling activities and one option is to use crypto, which is actually good for crypto market.

It is clear that this issue was taken seriously and the government responded to it due to the existence of some kind of massive complaint after a transaction with a gambling casino. Based on the applicable rules, however, they must be able to provide an alternative that is not only limited to fiat deposit types, crypto provides services without third parties.

qwertyup23

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Quote from: tippytoes on September 03, 2021, 04:42:55 PM

Quote from: ?? on ??

I think this policy was created because of problematic activities where credit cards often transact with casino deposits which are identified as misuse of borrowed money as bets.
As for the impact for crypto, it clearly provides solutions and offers for gamblers to use crypto as an alternative to paying for a casino that provides deposits using crypto. Apart from encouraging crypto adoption, this has clearly given gamblers attention not to use their credit cards.

Or I am thinking that some of these credit card companies are complaining about nonpayment of some of their customers. Because if they have no problems encountered, I don't think there will be issues in banning the use of credit card. On another note, gamblers are now forced to find alternatives how to fund their gambling activities and one option is to use crypto, which is actually good for crypto market.

I agree with you on the issue about the non-payment of dues. The problem with most gamblers is that, once they get addicted, they resort to all possible ways just to recover their losses. As an addicted gambler with a working credit card, they would be able to gamble using the maximum credit allowed for them, then just run away assuming that they cannot pay their outstanding balance.

That is the reason on why credit card bans were introduced. Though I do not have actual data as to the gambling activity in Ireland, I would assume that the fact that these companies prohibit such mean that gambling activities in the country are relatively high.

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It's funny, but the state has the right to regulate all that. I think they have analyzed all sources to decide against using credit cards. I heard the ban came at a time when what was at stake was underway. This is done for security reasons. Not only that, gambling ads are also not displayed while the sport is in progress. This agreement has been approved by the IBA. At least it will be at the end of this year.

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Quote from: ipanks on September 04, 2021, 08:36:26 AM

Quote from: tippytoes on September 03, 2021, 04:42:55 PM

Quote from: ?? on ??

I think this policy was created because of problematic activities where credit cards often transact with casino deposits which are identified as misuse of borrowed money as bets.
As for the impact for crypto, it clearly provides solutions and offers for gamblers to use crypto as an alternative to paying for a casino that provides deposits using crypto. Apart from encouraging crypto adoption, this has clearly given gamblers attention not to use their credit cards.

Or I am thinking that some of these credit card companies are complaining about nonpayment of some of their customers. Because if they have no problems encountered, I don't think there will be issues in banning the use of credit card. On another note, gamblers are now forced to find alternatives how to fund their gambling activities and one option is to use crypto, which is actually good for crypto market.

Yes, I think that is because of complaints from some credit card companies that do not get paid by the credit card customers so they report to the government. Then the government follow up the report by investigating the money sending. If those gamblers can find that the crypto can be their solution to continue gambling, they will buy it using their credit card and send it to the gambling site. If so, that will give another problem to the credit card companies.

For sure they would really impose another ban or restriction if there would be some complaints if they would intend to make use of their CC's on buying up crypto and this would might result for another problem.
Honestly it is really too hard to get rid on how those credit card users would gonna do into their cards since they are really given some opportunity on what they had applied to have a credit card.
It is just uncontrollable for its users on how they do gonna use it and its just normal that government would really take some action if there would really be some rampant complaints about
this situation or in regards to this manner.

ipanks

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Quote from: tippytoes on September 03, 2021, 04:42:55 PM

Quote from: ?? on ??

I think this policy was created because of problematic activities where credit cards often transact with casino deposits which are identified as misuse of borrowed money as bets.
As for the impact for crypto, it clearly provides solutions and offers for gamblers to use crypto as an alternative to paying for a casino that provides deposits using crypto. Apart from encouraging crypto adoption, this has clearly given gamblers attention not to use their credit cards.

Or I am thinking that some of these credit card companies are complaining about nonpayment of some of their customers. Because if they have no problems encountered, I don't think there will be issues in banning the use of credit card. On another note, gamblers are now forced to find alternatives how to fund their gambling activities and one option is to use crypto, which is actually good for crypto market.

Yes, I think that is because of complaints from some credit card companies that do not get paid by the credit card customers so they report to the government. Then the government follow up the report by investigating the money sending. If those gamblers can find that the crypto can be their solution to continue gambling, they will buy it using their credit card and send it to the gambling site. If so, that will give another problem to the credit card companies.

mv1986

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Quote from: ?? on ??

Why are the offline and online shops affected in this one, shouldn't it be the gambling alone that's affected by the credit card ban and what's the story behind the ban of credit cards in Ireland? That's a really strange ban in my opinion.

It is indeed a strange ban, also considering that Ireland is the financial hub for many other questionable corporate activities. Low tax paradise, protecting companies like Amazon against endeavors of the European Union to raise taxes properly. I just wouldn't have expected such a move by Ireland first. It more sounds like a typical move from the Scandinavian countries who are traditionally very cautious.

timerland

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Quote from: tippytoes on September 03, 2021, 04:42:55 PM

Quote from: ?? on ??

I think this policy was created because of problematic activities where credit cards often transact with casino deposits which are identified as misuse of borrowed money as bets.
As for the impact for crypto, it clearly provides solutions and offers for gamblers to use crypto as an alternative to paying for a casino that provides deposits using crypto. Apart from encouraging crypto adoption, this has clearly given gamblers attention not to use their credit cards.

Or I am thinking that some of these credit card companies are complaining about nonpayment of some of their customers. Because if they have no problems encountered, I don't think there will be issues in banning the use of credit card. On another note, gamblers are now forced to find alternatives how to fund their gambling activities and one option is to use crypto, which is actually good for crypto market.

This is a bit of a stretch.

For starters, why the hell would they not just use a debit card? Debit cards are a lot safer for these gambling sites to accept due to the fact that they don't carry the same ability to chargeback transactions, and are less likely to be stolen.

I'm of course a big crypto bull, but not all casinos are going to end up accepting crypto because of some minor tweak in legislation.

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Quote from: stomachgrowls on September 02, 2021, 06:45:45 PM

Quote from: blockman on September 02, 2021, 05:04:34 PM

There will be a bunch of ways if you're the type of gambler that has no one to stop you. We all knew that whenever somebody is attached to gambling despite government stoppage or ban, they'll surely find a lot of ways to do it. It's a part of disciplinary action from the government and probably they're fed up with those people that have shared their gambling problem with their government and one of the actions that they've chosen to do is to ban the usage of credit cards for their balance credential to the casinos.

Knowing that credit card isnt the only way for you to gamble thats why you could still play if you wanted to and if you are a gambling addict then this wont really be a big problem since you do know on where to deposit
if one of the methods had been blocked.Also, not all people do possess credit cards considering on the requirement which you do need then only a few could really be able handle or possess these type of cards and
would stick into those other ways that theyve been get used to.

Thing here that government does really show up some concern towards their citizens towards gambling addiction.Dont know if Banks are heavily affected but knowing that some of them doesnt able to get
some payments out of those credits then they might be seeing this to be beneficial.

I think that the banks will surely be affected by this. If the volume that goes with the credit to the casinos and this had taken the attention of the government then that would be the collateral of this new policy that they've made.
Still, it would be the gamblers that have the say on this policy because even if it's going to affect them but they're attached to gambling. Policies won't stop them and they'll just create another path for the payment methods, withdrawals/deposits, which will be handy for them.

tippytoes

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Quote from: ?? on ??

I think this policy was created because of problematic activities where credit cards often transact with casino deposits which are identified as misuse of borrowed money as bets.
As for the impact for crypto, it clearly provides solutions and offers for gamblers to use crypto as an alternative to paying for a casino that provides deposits using crypto. Apart from encouraging crypto adoption, this has clearly given gamblers attention not to use their credit cards.

Or I am thinking that some of these credit card companies are complaining about nonpayment of some of their customers. Because if they have no problems encountered, I don't think there will be issues in banning the use of credit card. On another note, gamblers are now forced to find alternatives how to fund their gambling activities and one option is to use crypto, which is actually good for crypto market.

SirLancelot

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Quote from: Peanutswar on September 02, 2021, 07:29:47 AM

This is kind of good move because they limit the users to make an exceed gambling habit to their daily limit but i guess its better if they made changes such as the age bracket and the annual income limit like if you are such as a millionaire and you want to gamble like that you need to become not part of the card bans, or else they make a VIP system for the top tier gambler they have so still they can enjoy the game. But i guess if we are talking about credit cards there's a chance they will borrow unless they are just using their debit cards.

I find all these limitations really harsh and unwanted. Look anyone who is "allowed" to gamble must not be restricted in any manner unless they are reaching the illegal or addiction territory. It makes no sense to legalize gambling and then expecting people to not gamble. All these decisions are more political in nature than actually considering for any benefits for people.

If you want to gamble with a credit card it's really simple even after a ban. You can buy BTC or any coin and even some fiat currencies like webmoney or perfectmoney and then start gambling with absolutely no fear.

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Quote from: Kelvinid on September 03, 2021, 12:18:16 PM

Quote from: Silberman on September 03, 2021, 11:21:09 AM

Quote from: iv4n on September 01, 2021, 02:06:10 AM

You can limit yourself without a credit card ban! I see this as the last measure, but even that will not have effects if someone wishes to gamble!
I don't understand why this is needed, people who want to do something will find a way to do it, more banned options will lead people to search for new options, mostly on the dark side, where chances for them to be scammed are going up!
It's better to educate people, to open workshops where people can learn about negative sides of gambling, a place where people can learn to control themselves... that can make their life better overall, just banning credit cards is almost like nothing... hiding under the table while atomic bomb is going your way! Do you really think that table can save you?

I will have to disagree with you there, we must remember that this is not a debit card ban but a credit card ban, basically they are banning the use of credit to gamble and this is correct, why? Because that is not your money, just as we are asking to have complete sovereignty with our money and this is why we use bitcoin banks have the right as well to not let people use money that belongs to them in something like this if they do not want, so I am fine with this restriction.

What I think the cause of this ban is these holders aren't able to pay their obligations anymore due to exceeding limits. I don't think that was the casino holds and propose this thing but for sure those establishments who offer this kind of service. I have to agree with this ban and I see this as a helping tool to avoid huge debts for the gamblers and need not compromise their finances which mostly happens to many gamblers.

For gamblers who do have gambling problems will surely be finding ways on how to gamble without using credit card and we know that there are indeed ways which you can really able to do so if you wanted to.
Its really a good initiative that they had banned at least on using up credit card specially to those individual who do excessively engage in gambling which would somehow save their asses on spending too much
money which mostly that they cant really repay it on time or nothing at all.Good initiative made out by government but not totally a solution to stop those people not to engage with gambling completely.

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Quote from: agustina2 on September 03, 2021, 12:17:36 PM

For convenience and more payment methods. Not all credit card holders that doing gambling is not responsible. It's just there are lots of unresponsible compare to better ones. The government just sees there's a flaw and bad effect.

The bad effect has emerged more than those responsible credit card users in Ireland and that's the probable cause of this.

Quote from: agustina2 on September 03, 2021, 12:17:36 PM

At least they give it a try and see the result. And now they already see the negative effect of it, they now finally decided to end it.

There can also be some change along this implementation and it will only happen how most of those people that are affected by this.

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Quote from: Silberman on September 03, 2021, 11:21:09 AM

Quote from: iv4n on September 01, 2021, 02:06:10 AM

You can limit yourself without a credit card ban! I see this as the last measure, but even that will not have effects if someone wishes to gamble!
I don't understand why this is needed, people who want to do something will find a way to do it, more banned options will lead people to search for new options, mostly on the dark side, where chances for them to be scammed are going up!
It's better to educate people, to open workshops where people can learn about negative sides of gambling, a place where people can learn to control themselves... that can make their life better overall, just banning credit cards is almost like nothing... hiding under the table while atomic bomb is going your way! Do you really think that table can save you?

I will have to disagree with you there, we must remember that this is not a debit card ban but a credit card ban, basically they are banning the use of credit to gamble and this is correct, why? Because that is not your money, just as we are asking to have complete sovereignty with our money and this is why we use bitcoin banks have the right as well to not let people use money that belongs to them in something like this if they do not want, so I am fine with this restriction.

What I think the cause of this ban is these holders aren't able to pay their obligations anymore due to exceeding limits. I don't think that was the casino holds and propose this thing but for sure those establishments who offer this kind of service. I have to agree with this ban and I see this as a helping tool to avoid huge debts for the gamblers and need not compromise their finances which mostly happens to many gamblers.

agustina2

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Quote from: acroman08 on September 02, 2021, 03:12:50 AM

I never really understood why the government allowed the usage of credit card to gamble online. I mean, the people who use credit card to gamble basically uses a borrowed money to gamble. some people might see it as normal but it just doesn't seat right with me.

For convenience and more payment methods. Not all credit card holders that doing gambling is not responsible. It's just there are lots of unresponsible compare to better ones. The government just sees there's a flaw and bad effect.

At least they give it a try and see the result. And now they already see the negative effect of it, they now finally decided to end it.

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Quote from: goinmerry on September 02, 2021, 07:49:13 PM

Gamblers are wise. Even without credit cards, they will find a way to maintain their gambling habit. A good step for the government there but not enough. Maybe we can expect more gambling regulations in Ireland after the implementation of banning credit cards.

In other words, the deposit provision sector in every gambling will automatically close and there will be no room to generate new gamblers? Indeed, there are many ways that can be done with alternatives other than credit cards. Then you wish in Ireland more policies in addition to credit cards also for all types of payments?

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Quote from: iv4n on September 01, 2021, 02:06:10 AM

You can limit yourself without a credit card ban! I see this as the last measure, but even that will not have effects if someone wishes to gamble!
I don't understand why this is needed, people who want to do something will find a way to do it, more banned options will lead people to search for new options, mostly on the dark side, where chances for them to be scammed are going up!
It's better to educate people, to open workshops where people can learn about negative sides of gambling, a place where people can learn to control themselves... that can make their life better overall, just banning credit cards is almost like nothing... hiding under the table while atomic bomb is going your way! Do you really think that table can save you?

I will have to disagree with you there, we must remember that this is not a debit card ban but a credit card ban, basically they are banning the use of credit to gamble and this is correct, why? Because that is not your money, just as we are asking to have complete sovereignty with our money and this is why we use bitcoin banks have the right as well to not let people use money that belongs to them in something like this if they do not want, so I am fine with this restriction.

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Quote from: ?? on ??

Why are the offline and online shops affected in this one, shouldn't it be the gambling alone that's affected by the credit card ban and what's the story behind the ban of credit cards in Ireland? That's a really strange ban in my opinion.

I agree, a strange ban.
But this once again undermines the monopoly of traditional finance in a particular jurisdiction. And enhances the prospects for alternative progressive finance. Cryptocurrencies.

goinmerry

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Quote from: Yamifoud on September 02, 2021, 07:05:28 PM

I think there is a big reason why this had come and this will hugely affect the credit holders and the banks who promote these services. But if just only ban in the use of credit cards on all gambling sites, that it really helps to stop people from overspending. But I think it was best for the casinos or online gambling sites to limit the amount when a gambler will use their credit card. That I think it couldn't make them in debt more as they already reach the said allowable amount until it was replenished, I think this is fair enough, IMO.

Credit card bans were only on gambling sites, not on other services. But I agree with your suggestion that gambling sites there can just limit the purchase via credit card to control the spendings and being charged for a big amount later on.

Gamblers are wise. Even without credit cards, they will find a way to maintain their gambling habit. A good step for the government there but not enough. Maybe we can expect more gambling regulations in Ireland after the implementation of banning credit cards.

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I think there is a big reason why this had come and this will hugely affect the credit holders and the banks who promote these services. But if just only ban in the use of credit cards on all gambling sites, that it really helps to stop people from overspending. But I think it was best for the casinos or online gambling sites to limit the amount when a gambler will use their credit card. That I think it couldn't make them in debt more as they already reach the said allowable amount until it was replenished, I think this is fair enough, IMO.

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Quote from: blockman on September 02, 2021, 05:04:34 PM

Quote from: Johnyz on August 31, 2021, 07:06:53 PM

Quote from: blockman on August 31, 2021, 05:54:31 PM

People from there can simply use their credit cards to buy cryptocurrencies and deposit them to a bookie that's supported in their country. That's just one way and for sure that gamblers there will find several ways to continue what they've been doing.
At least on their government, they're showing that they care for those people that just kept on using their credit cards in gambling. There's two factor that's being done, stopped them from using their credit cards unwisely and controls them to become addicted.

No one can stop you if you are really into gambling since there's a lot of options that you can choose from if you really want to gamble, its just that you can't borrow money from the banks using their credit cards directly for your gambling activities, but there's still away. This is a good move from the Ireland government, many credit card holders are irresponsible they are using their cards beyond their control, which makes them drowning in big debts.

There will be a bunch of ways if you're the type of gambler that has no one to stop you. We all knew that whenever somebody is attached to gambling despite government stoppage or ban, they'll surely find a lot of ways to do it. It's a part of disciplinary action from the government and probably they're fed up with those people that have shared their gambling problem with their government and one of the actions that they've chosen to do is to ban the usage of credit cards for their balance credential to the casinos.

Knowing that credit card isnt the only way for you to gamble thats why you could still play if you wanted to and if you are a gambling addict then this wont really be a big problem since you do know on where to deposit
if one of the methods had been blocked.Also, not all people do possess credit cards considering on the requirement which you do need then only a few could really be able handle or possess these type of cards and
would stick into those other ways that theyve been get used to.

Thing here that government does really show up some concern towards their citizens towards gambling addiction.Dont know if Banks are heavily affected but knowing that some of them doesnt able to get
some payments out of those credits then they might be seeing this to be beneficial.

Topic: Credit card bans introduced in Ireland. (Read 846 times)