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Topic: Credit cards and gambling (tabcorp, Australia) - page 4. (Read 348 times)

hero member
Activity: 2506
Merit: 628
I don't take loans, ask for sig if I ever do.
September 06, 2021, 05:00:21 AM
#8
I remember the time I made the last topic about how the credit cards might be banned for the future gamblers. Apparently according to the tabcorp, banks are supposed to be responsible for the credit card bans.

They also provided the stats that only 14% of the users use credit cards and most of them use it responsibly. Therefore the ban would be enforced by the banks and not by any government and the authority.

At the same time, there was a statement that I did like in the whole news:
Quote
“If we got more information from the banks that a card was suspect, we could shut it down,” he added. “If the banks notified us that this was a problem, we would be able to stop dealing with that problem, but this flow of information doesn't happen.”

-Exactly the problem here.
The governmental bodies and the banks thoroughly oppose gambling sometimes but at the same time they are not working together with the companies to make sure it's safe and more practical and therefore it's indeed hard for them to point fingers even though they did not try to work together.

I do think this sends a strong message about how things can be done in a better way, what do you think about it ?
But as you said, banks are the ones responsible for credit card bans no? So if what you quoted was from the government, then really, there's no purpose for the government to actually receive news about cards that are used for gambling, the banks themselves can ban said cards already. The banks could possibly then send audits about banned cards to the government so that they can prove that said cards are being banned reasonably. In the end though, if the users were able to bypass the identification area of where they're going to spend their money, the banks ultimately can't do much about it.
legendary
Activity: 2646
Merit: 1176
September 06, 2021, 04:27:26 AM
#7
I remember the time I made the last topic about how the credit cards might be banned for the future gamblers. Apparently according to the tabcorp, banks are supposed to be responsible for the credit card bans.

They also provided the stats that only 14% of the users use credit cards and most of them use it responsibly. Therefore the ban would be enforced by the banks and not by any government and the authority.

At the same time, there was a statement that I did like in the whole news:
Quote
“If we got more information from the banks that a card was suspect, we could shut it down,” he added. “If the banks notified us that this was a problem, we would be able to stop dealing with that problem, but this flow of information doesn't happen.”

-Exactly the problem here.
The governmental bodies and the banks thoroughly oppose gambling sometimes but at the same time they are not working together with the companies to make sure it's safe and more practical and therefore it's indeed hard for them to point fingers even though they did not try to work together.

I do think this sends a strong message about how things can be done in a better way, what do you think about it ?

https://www.gamblinginsider.com/news/13007/tabcorp-banks-should-be-responsible-for-online-gambling-credit-card-bans

I'm confused what point you think you're arguing here? No one except the card issuers would know whether the payment method is a credit card or a debit card - they are the only ones who could enforce such an action against the end users, because they control that side of the payment network. The government lays down laws for the people and companies to follow, that's the most basic concept that you seem to have a problem with? You quote someone who is discussing fraud, but that is not the main target of such a ban. The government (quite rightly) does not want people to be borrowing money purely for the purposes of gambling, which is extremely wasteful and causes all kinds of societal problems. If you want to gamble with money that you have earned, go ahead - just don't try to gamble with other peoples money.
sr. member
Activity: 966
Merit: 421
Bitcoindata.science
September 06, 2021, 04:00:52 AM
#6
Tabcorp management is been so diplomatic and very much reserved with his speech
Quote
While the use of credit cards in online wagering with Tabcorp is declining, Attenborough did admit that a problem gambler can always find ways of getting around blocks or bans, suggesting that a national regulator is the only way of fixing the issue.
Although he is not in total support with the government decision but he is ready to comply with what every policy they choose to adopt. Stating clearly that while 14% of the users use credit card for wagering a greater population of the masses use credit card reponsibly which could be very true. But I love the fact he isn't opposing any law,  stating it's in the place of the banks to enforce what ever decision made.
Definitely gamblers still know their way around no matter what becomes the outcome
hero member
Activity: 2604
Merit: 816
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September 06, 2021, 03:20:58 AM
#5
As an agency from the government that watching the money from each user, the bank will know about the suspicious transaction from and where and they can easily ban the account and report it to the government. The banks and the government will cooperate and investigate if they suspect if there are any unusual transactions.

And if they know that there are abusing the credit card from the user, they can know because they will have a way to track the account and investigate. Even if the banks and the government prohibit using credit cards for gambling, the gambler will not have a problem because they will use the other way to continue gambling.
legendary
Activity: 3136
Merit: 1870
September 06, 2021, 03:00:47 AM
#4
It sounds like they don't mind doing the ban and at the same time don't want to hurt their reputation because making these kind of decisions could discourage some of their users in the future. That 14% casino related transactions doesn't seem much but I guess it adds up if they plan on banning other payment methods as the ban wouldn't have that much effect on its own since there's still a lot of ways to gamble (including video games). I'm not sure if there's any better way to handle it since the other alternatives (like increasing taxes, banning physical casinos) wouldn't be enough to solve the overall issue.
member
Activity: 1120
Merit: 68
September 06, 2021, 03:00:42 AM
#3
No, they're wrong, it's a temporary fix, it's better if they were to create therapy for gambling much accessible and more efficient, that way they can make a difference for good in regards to the rampant gambling in their countries.
member
Activity: 840
Merit: 23
September 06, 2021, 02:24:45 AM
#2
I agree with Tabcorp CEO the banks should be responsible for the enforcement of credit card ban but it seems the 14% stat of responsible users might pose a hindrance. I am just thinking it's a hard decision both for the banks and government organizations knowing how much the generate from credit cards for banks and revenue from gambling by the government.

Come to think of it even if the government should succeed to ban credit card gamblers would still find their way around hopefully source for alternative means to go about gambling
hero member
Activity: 1862
Merit: 830
September 06, 2021, 02:06:34 AM
#1
I remember the time I made the last topic about how the credit cards might be banned for the future gamblers. Apparently according to the tabcorp, banks are supposed to be responsible for the credit card bans.

They also provided the stats that only 14% of the users use credit cards and most of them use it responsibly. Therefore the ban would be enforced by the banks and not by any government and the authority.

At the same time, there was a statement that I did like in the whole news:
Quote
“If we got more information from the banks that a card was suspect, we could shut it down,” he added. “If the banks notified us that this was a problem, we would be able to stop dealing with that problem, but this flow of information doesn't happen.”

-Exactly the problem here.
The governmental bodies and the banks thoroughly oppose gambling sometimes but at the same time they are not working together with the companies to make sure it's safe and more practical and therefore it's indeed hard for them to point fingers even though they did not try to work together.

I do think this sends a strong message about how things can be done in a better way, what do you think about it ?

https://www.gamblinginsider.com/news/13007/tabcorp-banks-should-be-responsible-for-online-gambling-credit-card-bans
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