Credit card bans introduced in Ireland. - page 4.

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Quote from: Baofeng on August 31, 2021, 05:05:28 PM

Quote from: tippytoes on August 30, 2021, 06:21:55 PM

Quote from: Baofeng on August 30, 2021, 05:39:12 PM

That's very strict in my opinion, nevertheless, the government has the total power to control everything so gamblers in Ireland can't do anything about it. But gamblers will be gamblers, this is just one step, but they will always find a way to bet on any sports regardless of this credit card bans. So I don't think they can really curb upon gambling in their country, on the contrary it might get worst as those gamblers will find a way to continue their activity or worse their addiction through loan sharks.

Gamblers will always find a way how to bet on their sports. This is just one way to limit their credit card usage. Maybe, the government is also receiving complaints from these credit card providers so they take action where they have control over with. But I do agree that these regular gamblers, they can go beyond their means if they need to just to gamble.

I doubt that the credit card providers are going to complain to the governments because some holders are not paying or can't pay. It's not a lost for them, banks are big, it won't put a dent on their business, on the contrary it's a win-win for them. The only reason why governments are going this far is that they want to control gamblers, or at least not to get them addicted but I don't think it will work in the long run as gamblers will always go and beyond and find another way to continue playing with cold cash.

Banks do always go for revenue or gains that they could get from their clients but if it turns out that they do suffer losses due to unpaid loans or balances then they would heavily agree with this decision.

For other side of things then they might really oppose but this one would turn out to be beneficial on completely stopping gamblers on making unnecessary spendings which do end up for them not to repay
on what they have used.

Also, if banks would oppose or trying to appeal then is there something that they could do once government do make the voice?

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Quote from: tippytoes on August 30, 2021, 06:21:55 PM

Quote from: Baofeng on August 30, 2021, 05:39:12 PM

That's very strict in my opinion, nevertheless, the government has the total power to control everything so gamblers in Ireland can't do anything about it. But gamblers will be gamblers, this is just one step, but they will always find a way to bet on any sports regardless of this credit card bans. So I don't think they can really curb upon gambling in their country, on the contrary it might get worst as those gamblers will find a way to continue their activity or worse their addiction through loan sharks.

Gamblers will always find a way how to bet on their sports. This is just one way to limit their credit card usage. Maybe, the government is also receiving complaints from these credit card providers so they take action where they have control over with. But I do agree that these regular gamblers, they can go beyond their means if they need to just to gamble.

I doubt that the credit card providers are going to complain to the governments because some holders are not paying or can't pay. It's not a lost for them, banks are big, it won't put a dent on their business, on the contrary it's a win-win for them. The only reason why governments are going this far is that they want to control gamblers, or at least not to get them addicted but I don't think it will work in the long run as gamblers will always go and beyond and find another way to continue playing with cold cash.

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I think the government of Ireland had the welfare of its citizens in mind upon imposing the credit card ban, however I do not think this is something that the Irish people will appreciate considering the fact that their government is practically disallowing a certain aspect of their spending habit which they had been accustomed to for God knows when. I am confident that there will be alterations and improvements that will be imposed to this law or mandate since it's going to be unfair for banking institutions and most of all for people who aren't even in the gambling scene to be affected by a law that is not even directed towards them.

Quote from: semobo on August 31, 2021, 11:23:33 AM

Banning of credit cards for gambling activities will increase the crypto gambling for sure, anyone remembers when people actually started recognizing bitcoin when the government banned the payment processors for WikiLeaks website donations that is when the first bump for the bitcoin happened.

I think the reason why Ireland is banning the use of credit cards mainly for gambling is because of the fact that in gambling you can never assure yourself that you'd be gaining back the money you will borrow from your banking institution, hence causing these hapless gamblers to be in debt because there's no way you can ever pay them back by gambling whatever money you still have. And having this ban on credit cards means less avenue for chronic gamblers to use and/or abuse so in a sense it's not going to help promote crypto gambling at all.

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Quote from: Renampun on August 31, 2021, 04:21:14 PM

Quote from: DoublerHunter on August 31, 2021, 03:34:16 PM

Quote from: mu_enrico on August 31, 2021, 12:32:10 PM

Quote from: mindrust on August 30, 2021, 04:15:43 PM

...

^ I fully support it 100%.
This is because that probably their government thinking about their people not becoming problematic when it comes to their financial status and yes, there is a large percentage that gamblers will be burden into huge debt when debit cards are allowed to use in gambling. But it does mean they had no option but at least they had a limit when they only have cash on their hand or in online gambling they use cryptocurrency, less percentage of having debt and avoid using a debit cards.

I've also read that many gamblers who use credit cards but ultimately can't afford to pay...

If a gambler is authorized to use a credit card in a casino then it will be very dangerous for the gambler as well as the credit card party. In this case, the lender will certainly be at a loss if the borrower is unable to pay their loan. One bad habit of gamblers is that it is difficult to pay loans

Banks who do offered a credit card on a certain client and later on become a gambler then they would really be considering those losses until it wont really be paid up.

Its true that gambling addicts are ones who cant really easily repay those debts which most likely those amounts would really be losses by those institutions.
So its just right and would be heavily agreed by those banks on banning it.

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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.

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Quote from: DoublerHunter on August 31, 2021, 03:34:16 PM

Quote from: mu_enrico on August 31, 2021, 12:32:10 PM

Quote from: mindrust on August 30, 2021, 04:15:43 PM

...

^ I fully support it 100%.
This is because that probably their government thinking about their people not becoming problematic when it comes to their financial status and yes, there is a large percentage that gamblers will be burden into huge debt when debit cards are allowed to use in gambling. But it does mean they had no option but at least they had a limit when they only have cash on their hand or in online gambling they use cryptocurrency, less percentage of having debt and avoid using a debit cards.

I've also read that many gamblers who use credit cards but ultimately can't afford to pay...

If a gambler is authorized to use a credit card in a casino then it will be very dangerous for the gambler as well as the credit card party. In this case, the lender will certainly be at a loss if the borrower is unable to pay their loan. One bad habit of gamblers is that it is difficult to pay loans

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Quote from: uneng on August 30, 2021, 12:51:30 PM

Worthless proposition from worthless authorities. Gamblers won't stop gambling and going into debt because credit cards and advertisements are going to be censored. There are another ways to acquire credit to gamble and I would say they are much more dangerous if compared to credit cards... Or maybe these gamblers can just move to another country to play without any problems.

If the people who introduced this ban were really worried about gamblers, they would firstly worry about the mental health of the players and help them with that. That is the root of the problem.

Credit Card ban may play positive role in this case because it's easy to spend money that's on credit card but it's hard to spend the real cash. Belive it or not, this is reality. People look at credit card balance like just a mathematical numbers and spend them very easily while it's hard for people to spend cash out from their pocket.

Advertisement bans may be good for the future generations. When kids see the advertisements, they are getting interested in gambling. It's easy money after all and that's what kids want and they can't think critically.

But overall, to be fair, I prefer full freedom in this case. Adult means that he/she can make decisions on his/her own, so controlling him like a child in this case isn't necessary.

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Quote from: DoublerHunter on August 31, 2021, 03:34:16 PM

Quote from: mu_enrico on August 31, 2021, 12:32:10 PM

Quote from: mindrust on August 30, 2021, 04:15:43 PM

This will drive up crypto adoption imo. Just because people can't use their credit cards doesn't mean that they will stop gambling. They will find something else. It will be either their debit cards or their crypto balance. Since it is a child's play to buy/sell crypto now they will probably avoid the headache of using banks again and use crypto instead. That's the most logical way to approach this ban.

I don't think ban on credit card would drive crypto adoption since they still have debit cards and fiat on land casinos. Sure, if they also banned debit cards, then people don't have a choice other than crypto. I believe the idea is to forbid playing with the money that you don't have (aka borrowing money for gambling). I'm 70% supporting this policy, 30% against because people should be free to choose even if it means destroying their own life.

^ I fully support it 100%.
This is because that probably their government thinking about their people not becoming problematic when it comes to their financial status and yes, there is a large percentage that gamblers will be burden into huge debt when debit cards are allowed to use in gambling. But it does mean they had no option but at least they had a limit when they only have cash on their hand or in online gambling they use cryptocurrency, less percentage of having debt and avoid using a debit cards.

Doesnt matter if they do block a certain way to gamble because there are still other ways for you to do so and also i dont really see that debts could be lesser because even you do speak

that cryptocurrency could be used then it is still considered spending which isnt really a good idea at all.Just like what others been saying that it is somehow showing some protection
towards their citizens which is a good move.

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Quote from: Minor Miner on August 31, 2021, 01:51:28 PM

Quote from: fiulpro on August 30, 2021, 12:10:19 PM

Bookmakers have agreed to an industry wide ban on credit cards apparently they are a part of an updated code of safe gambling practices introduced by IBA. Therefore if you do live in Ireland then you have to take care of these things. It will be both applicable in online and offline shops.

People who do problem gambling, borrow money from savings accounts, credit cards, and after burning that they borrow from near relatives. After losing a huge amount they just try to raise funds by borrowing to place bigger bets than before In the hope that he will overcome the previous loss. If luck helps then it is good, otherwise, these problem gamblers are a threat to family and society. There is no trouble in banning credit cards to protect gamblers in cases of addiction, they can use debit cards in this case.

it's interesting to think the government is interested in protecting people too when this is usually not the case, but yes you are right, gambling can be quite a big social problem and it pays to protect people from it, the credit card ban is just a reflection of other things in society

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Quote from: mu_enrico on August 31, 2021, 12:32:10 PM

Quote from: mindrust on August 30, 2021, 04:15:43 PM

This will drive up crypto adoption imo. Just because people can't use their credit cards doesn't mean that they will stop gambling. They will find something else. It will be either their debit cards or their crypto balance. Since it is a child's play to buy/sell crypto now they will probably avoid the headache of using banks again and use crypto instead. That's the most logical way to approach this ban.

I don't think ban on credit card would drive crypto adoption since they still have debit cards and fiat on land casinos. Sure, if they also banned debit cards, then people don't have a choice other than crypto. I believe the idea is to forbid playing with the money that you don't have (aka borrowing money for gambling). I'm 70% supporting this policy, 30% against because people should be free to choose even if it means destroying their own life.

^ I fully support it 100%.
This is because that probably their government thinking about their people not becoming problematic when it comes to their financial status and yes, there is a large percentage that gamblers will be burden into huge debt when debit cards are allowed to use in gambling. But it does mean they had no option but at least they had a limit when they only have cash on their hand or in online gambling they use cryptocurrency, less percentage of having debt and avoid using a debit cards.

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Quote from: Poker Player on August 30, 2021, 10:14:57 PM

Quote from: uneng on August 30, 2021, 12:51:30 PM

Worthless proposition from worthless authorities. Gamblers won't stop gambling and going into debt because credit cards and advertisements are going to be censored. There are another ways to acquire credit to gamble and I would say they are much more dangerous if compared to credit cards...

I guess you're thinking of them ending up borrowing money from a private lender, mobster or something. But even today there are much easier alternatives. You can get instant loans for example. Then you deposit in the casino with a debit card the money you have borrowed. In other words, the ban will be of little use.

Yes, you guessed right, that is what I mean. If the gambler's mind isn't in order it's too dangerous to take loans. He might even start borrowing money from safe sources, like a relative, a bank or something like this, but once the debt keeps rising and he can't figure out how to paid it back, he will keep searching for new sources and at some point only private lenders, mobsters will take the risk of lending money to this person.
Then it's when the situation becomes really dangerous, because these people won't solve a non-paid loan issue through a legal action in a court. They go after the gambler and his family and in worse cases, well, you know what I mean.

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Quote from: Minor Miner on August 31, 2021, 01:51:28 PM

Quote from: fiulpro on August 30, 2021, 12:10:19 PM

Bookmakers have agreed to an industry wide ban on credit cards apparently they are a part of an updated code of safe gambling practices introduced by IBA. Therefore if you do live in Ireland then you have to take care of these things. It will be both applicable in online and offline shops.

People who do problem gambling, borrow money from savings accounts, credit cards, and after burning that they borrow from near relatives. After losing a huge amount they just try to raise funds by borrowing to place bigger bets than before In the hope that he will overcome the previous loss. If luck helps then it is good, otherwise, these problem gamblers are a threat to family and society. There is no trouble in banning credit cards to protect gamblers in cases of addiction, they can use debit cards in this case.

Or simply there are still some tons of ways for them to play if they wanted to because not only credit cards is the method for you to play.If you could able to borrow on various people or sources
then you could really still play and wont resolved out addiction completely but at least they do make out some step but it wouldnt really be that sufficient.This is a personal kind of problem
where addiction or involving yourself in gambling should really be taken control well so that you wont really be falling into the pit of addiction.
I know that their government does really in concern on citizens situation regarding this but it is something a problem that cant be easily resolved.

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Quote from: fiulpro on August 30, 2021, 12:10:19 PM

Bookmakers have agreed to an industry wide ban on credit cards apparently they are a part of an updated code of safe gambling practices introduced by IBA. Therefore if you do live in Ireland then you have to take care of these things. It will be both applicable in online and offline shops.

People who do problem gambling, borrow money from savings accounts, credit cards, and after burning that they borrow from near relatives. After losing a huge amount they just try to raise funds by borrowing to place bigger bets than before In the hope that he will overcome the previous loss. If luck helps then it is good, otherwise, these problem gamblers are a threat to family and society. There is no trouble in banning credit cards to protect gamblers in cases of addiction, they can use debit cards in this case.

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Quote from: mu_enrico on August 31, 2021, 12:32:10 PM

Quote from: mindrust on August 30, 2021, 04:15:43 PM

This will drive up crypto adoption imo. Just because people can't use their credit cards doesn't mean that they will stop gambling. They will find something else. It will be either their debit cards or their crypto balance. Since it is a child's play to buy/sell crypto now they will probably avoid the headache of using banks again and use crypto instead. That's the most logical way to approach this ban.

I don't think ban on credit card would drive crypto adoption since they still have debit cards and fiat on land casinos. Sure, if they also banned debit cards, then people don't have a choice other than crypto.

Not totally, but somehow it would help a bit (crypto adoption for payment in gambling) or maybe greater effect than we could imagine.

While banning debit cards will be good impact for crypto, but Ireland may ban crypto in the future for the same reason but that is a different story.

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Quote from: mindrust on August 30, 2021, 04:15:43 PM

This will drive up crypto adoption imo. Just because people can't use their credit cards doesn't mean that they will stop gambling. They will find something else. It will be either their debit cards or their crypto balance. Since it is a child's play to buy/sell crypto now they will probably avoid the headache of using banks again and use crypto instead. That's the most logical way to approach this ban.

I don't think ban on credit card would drive crypto adoption since they still have debit cards and fiat on land casinos. Sure, if they also banned debit cards, then people don't have a choice other than crypto. I believe the idea is to forbid playing with the money that you don't have (aka borrowing money for gambling). I'm 70% supporting this policy, 30% against because people should be free to choose even if it means destroying their own life.

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Quote from: semobo on August 31, 2021, 11:23:33 AM

Banning of credit cards for gambling activities will increase the crypto gambling for sure, anyone remembers when people actually started recognizing bitcoin when the government banned the payment processors for WikiLeaks website donations that is when the first bump for the bitcoin happened.

I agree. When there are restrictions for traditional things then modern things will find a boom. In my opinion, banning anything related to gambling will not serve the actual purposes as gamblers will find another method to simply continue their actual routines.

Quote from: Assface16678 on August 31, 2021, 11:30:14 AM

this ban won't change a thing on the status of gambling in Ireland because the people will use crypto as an alternative.

This is what exactly happens everywhere. Even gambling houses itself tried for lots of restrictions to keep gamblers safer but nothing worked as VPN/alternate accounts kind of things easily bypassed such restrictions. So, these credit card banning may not last forever as gambling houses may not find any fall in their revenues.

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Quote from: semobo on August 31, 2021, 11:23:33 AM

Banning of credit cards for gambling activities will increase the crypto gambling for sure, anyone remembers when people actually started recognizing bitcoin when the government banned the payment processors for WikiLeaks website donations that is when the first bump for the bitcoin happened.

I didn't know that it was the cause for the pump but yeah I've heard of that time when they change their donations, I frequent in WikiLeaks to read some of those classified documents that was leaked by the whistleblowers. Also, this ban won't change a thing on the status of gambling in Ireland because the people will use crypto as an alternative.

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Banning of credit cards for gambling activities will increase the crypto gambling for sure, anyone remembers when people actually started recognizing bitcoin when the government banned the payment processors for WikiLeaks website donations that is when the first bump for the bitcoin happened.

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Quote from: avikz on August 30, 2021, 12:29:26 PM

So finally Irish people have fallen for the same social taboo against gambling that less progressive societies face. Unfortunate! But I do support the ban on credit card gambling. It's not wise to gamble using borrowed money as the chance of getting into serious debt trap increases manifold. But what's with the advertising ban!! Gamblers would anyway know where to gamble. In the era of internet, advertising ban makes no sense.

If the gambling houses can't advertise on television, they would turn to social media marketing which can have even severe impact on new gamblers. Seriously, advertising ban doesn't nake sense!

I know that an advertising ban could look bad for the industry but believe me it is probably going to be the best thing that it is ever going to happen to them, it is known that the tobacco industry spent a lot of money in advertising and when it was forbidden for them to advertise on television a lot of people thought that this could spell doom for the industry, but instead what happened is that people were still buying their products and now they did not needed to pay those huge costs of advertising, making them even more profitable.

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Quote from: arwin100 on August 31, 2021, 08:17:48 AM

Quote from: ?? on ??

~snip

Although its not a permanent solution made by government but at least government do something to minimize the addiction of their citizen thru gambling and taking out the credit card option will make people stop betting once there fiat already drained. For sure this will create a slow effect to the gambling community and little by little the number of addicted players will decrease by this action made by Ireland government.

It's not going to minimize the gambling in the country, probably just made gambling more inconvenient for the gamblers since they can't usee credit cards. That's like what my country against smoking, they raised the taxes on it but the number of smokers haven't reduced in number.

are you sure on the data about this on smoking?
raising taxes will probably reduce the number over time, I'd expect at least 12-24 months of data to see its effects.
would be really curious to know that

for gambling, this measures may even help with crypto adoption too

Topic: Credit card bans introduced in Ireland. - page 4. (Read 897 times)