Credit cards and gambling (tabcorp, Australia)

pinggoki

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So the worst-case scenario is a possible outlier case that only a small percentage of gamblers succumb into. That being said it's still something that should be looked upon and I think it is justified that banks are the ones who are supposed to impose restrictions on the gambler's behalf. Gambling addiction is just as bad as any other type of addiction out there and it's not something that could or should be downplayed no matter how absurd it may look or sound to you.

Quote from: agustina2 on October 02, 2021, 03:12:29 AM

Quote from: Fatunad on October 01, 2021, 03:16:31 PM

Quote from: DarkDays on September 30, 2021, 05:50:18 PM

Quote from: michellee on September 06, 2021, 02:20:58 AM

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.

Yes, there will be no point in using credit cards for gambling the concept just doesn't add up to me. Governments want to crack down gambling itself so why then support a system i.e. banks that can provide credit cards to gamblers, possibly one of the most unreliable customers you could have.

In short, I find it problematic for both credit card providers as much as for the gamblers themselves due to their activities being ttracked as clear as day, which may even extend to affecting their credit card history.

There's no need for a ban but rather a more strict monitoring out of those credit card users which had really involved in gambling.Banks could able to do such thing and if there's banning then its clearly
theres mo reason behind that decision because they cant just impose any bans without any depth reason to do so.If they dont like gambling then they could ban it directly without attaching out
credit cards because we know that this isnt only the sole purpose on why credit cards exist on the first place.

Bank-issuing cards can just restrict gambling-related transactions. But you know, it will be easy for gambling sites to just ban it totally but since banks have different policies, it's now up for banks to do the job of banning credit card users. And not all do have credit cards that's why for me, it's not really alarming unless gambling sites have the record that most transactions on their platforms are with the use of credit cards.

Responsible gambling is the key here basically. For me, people should have all rights to their money, even if it came from their credit cards, but the fact remains that money should be spent wisely, and moves like these which could prevent future jeopardies would be beneficial not only on the person gambling's behalf but would also be beneficial to the banking institution. So it doesn't really matter who bans credit card usage for gambling, as long as rules are imposed, it's all good.

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Quote from: Hamphser on September 30, 2021, 02:54:55 PM

banks do know that it could possibly be used on gambling.They should have prohibited it on the first place if they dont really allow on using it on gambling

I doubt banks will prohibit something against their advantage. More usage of credit cards, the more interest they will get. The hard regulations might be the reason why banks are opting out the credit card transactions on gambling sites because of money laundering or anything along those lines.

But whatever it is, gambling sites should not be affected if credit card transactions will be ban. Also, a right way as some credit cardholders can't resist the temptation of using it more because they can't feel the pressure of hard spending as no money physically is involved.

agustina2

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Quote from: Fatunad on October 01, 2021, 03:16:31 PM

Quote from: DarkDays on September 30, 2021, 05:50:18 PM

Quote from: michellee on September 06, 2021, 02:20:58 AM

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.

Yes, there will be no point in using credit cards for gambling the concept just doesn't add up to me. Governments want to crack down gambling itself so why then support a system i.e. banks that can provide credit cards to gamblers, possibly one of the most unreliable customers you could have.

In short, I find it problematic for both credit card providers as much as for the gamblers themselves due to their activities being ttracked as clear as day, which may even extend to affecting their credit card history.

There's no need for a ban but rather a more strict monitoring out of those credit card users which had really involved in gambling.Banks could able to do such thing and if there's banning then its clearly
theres mo reason behind that decision because they cant just impose any bans without any depth reason to do so.If they dont like gambling then they could ban it directly without attaching out
credit cards because we know that this isnt only the sole purpose on why credit cards exist on the first place.

Bank-issuing cards can just restrict gambling-related transactions. But you know, it will be easy for gambling sites to just ban it totally but since banks have different policies, it's now up for banks to do the job of banning credit card users. And not all do have credit cards that's why for me, it's not really alarming unless gambling sites have the record that most transactions on their platforms are with the use of credit cards.

Fatunad

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Quote from: DarkDays on September 30, 2021, 05:50:18 PM

Quote from: michellee on September 06, 2021, 02:20:58 AM

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.

Yes, there will be no point in using credit cards for gambling the concept just doesn't add up to me. Governments want to crack down gambling itself so why then support a system i.e. banks that can provide credit cards to gamblers, possibly one of the most unreliable customers you could have.

In short, I find it problematic for both credit card providers as much as for the gamblers themselves due to their activities being ttracked as clear as day, which may even extend to affecting their credit card history.

There's no need for a ban but rather a more strict monitoring out of those credit card users which had really involved in gambling.Banks could able to do such thing and if there's banning then its clearly
theres mo reason behind that decision because they cant just impose any bans without any depth reason to do so.If they dont like gambling then they could ban it directly without attaching out
credit cards because we know that this isnt only the sole purpose on why credit cards exist on the first place.

DarkDays

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Quote from: michellee on September 06, 2021, 02:20:58 AM

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.

Yes, there will be no point in using credit cards for gambling the concept just doesn't add up to me. Governments want to crack down gambling itself so why then support a system i.e. banks that can provide credit cards to gamblers, possibly one of the most unreliable customers you could have.

In short, I find it problematic for both credit card providers as much as for the gamblers themselves due to their activities being ttracked as clear as day, which may even extend to affecting their credit card history.

Hamphser

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Quote from: wxa7115 on September 30, 2021, 02:49:06 PM

Quote from: michellee on September 26, 2021, 03:09:49 AM

Quote from: Ryker1 on September 24, 2021, 04:59:02 PM

Well, I agree with the banning of credit cards in gambling because that is very tempted to borrow cash from the bank just to gamble.
It should always gamble of what they can afford and not the fund that they borrowed just to gamble and I don't see the problem there, in fact --this has a good impact between the gamblers and the casino owners, it has a fewer chance that you will become a burden by a debt. The government will take action if they saw that this is not good for the community even though there is revenue but in exchange for damaging people life once they are addicted to it.

Most people will not get revenue from the gambling games instead of losing their money for the most. Maybe the banks and the government do not want people to lose their money because of using credit cards to play gambling. The banning of credit cards can protect people from using them for the wrong purpose, such as playing gambling. But that can attract people to search for the other way to keep playing gambling so the government and the banks should be aware of that.

But that is the issue here, if we were talking about debit cards then this would bother me because as long as you are using your money in an activity that is legal then you should be free to use your money in whatever way you want.

But they are banning the use of credit cards for gambling, if a person borrowed money from a friend with the excuse he was short on cash to pay rent or other necessities and instead they gambled that money away we will think that to be wrong and the same is happening here, those that are gambling with credit cards are doing so with money that is not theirs so the banks are withing their rights to disallow this use if that is what they want.

For sure Banks are pretty aware on how things had been done because this is something that have its pro's and con's because people could really make use their credit cards whatever purpose it maybe and for sure

banks do know that it could possibly be used on gambling.They should have prohibited it on the first place if they dont really allow on using it on gambling neither also in debit cards too if they are really intently just
make use for other purpose.

They do came into such extent where banning would be only the solution and for sure banks do really agree on that.

wxa7115

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Quote from: michellee on September 26, 2021, 03:09:49 AM

Quote from: Ryker1 on September 24, 2021, 04:59:02 PM

Well, I agree with the banning of credit cards in gambling because that is very tempted to borrow cash from the bank just to gamble.
It should always gamble of what they can afford and not the fund that they borrowed just to gamble and I don't see the problem there, in fact --this has a good impact between the gamblers and the casino owners, it has a fewer chance that you will become a burden by a debt. The government will take action if they saw that this is not good for the community even though there is revenue but in exchange for damaging people life once they are addicted to it.

Most people will not get revenue from the gambling games instead of losing their money for the most. Maybe the banks and the government do not want people to lose their money because of using credit cards to play gambling. The banning of credit cards can protect people from using them for the wrong purpose, such as playing gambling. But that can attract people to search for the other way to keep playing gambling so the government and the banks should be aware of that.

But that is the issue here, if we were talking about debit cards then this would bother me because as long as you are using your money in an activity that is legal then you should be free to use your money in whatever way you want.

But they are banning the use of credit cards for gambling, if a person borrowed money from a friend with the excuse he was short on cash to pay rent or other necessities and instead they gambled that money away we will think that to be wrong and the same is happening here, those that are gambling with credit cards are doing so with money that is not theirs so the banks are withing their rights to disallow this use if that is what they want.

michellee

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Quote from: Ryker1 on September 24, 2021, 04:59:02 PM

Well, I agree with the banning of credit cards in gambling because that is very tempted to borrow cash from the bank just to gamble.
It should always gamble of what they can afford and not the fund that they borrowed just to gamble and I don't see the problem there, in fact --this has a good impact between the gamblers and the casino owners, it has a fewer chance that you will become a burden by a debt. The government will take action if they saw that this is not good for the community even though there is revenue but in exchange for damaging people life once they are addicted to it.

Most people will not get revenue from the gambling games instead of losing their money for the most. Maybe the banks and the government do not want people to lose their money because of using credit cards to play gambling. The banning of credit cards can protect people from using them for the wrong purpose, such as playing gambling. But that can attract people to search for the other way to keep playing gambling so the government and the banks should be aware of that.

iTradeChips

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While this is being discussed, I did some research and thought to myself that this might be actually a good instance, as less and less people being controlled by the credit card companies, then less and less people will likely to gamble or use gambling sites online, even the small time online casinos that lets you do small bets. Less people gambling then less people put down by crippling debt. Surely there would also be more better ways of making people responsible gamblers.

harizen

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Quote from: adzino on September 23, 2021, 07:27:01 PM

Why even talk about credit cards when you have crypto currencies to gamble with? The banks were never friendly with fiat casinos. They take every opportunity to ban or block users access to their cards as soon as they see a transaction made to a casino. I know they do it to "protect" their customers, but this was a choice made by their customer. Why is the bank interfering? And this is one of the reason why centralized banks are being hated right now. Use crypto currencies and play in crypto casinos. They are much better and more fair than your traditional online casino.

Not all gamblers are into crypto-gambling. And you are wrong that banks are not friendly with fiat casinos. It's been ages already that banks are dealing with fraud-related activities with credit cards in fiat casinos but still, they are not totally banning the use of it since the purpose is "convenience" and banks are getting profits from it. It means they can handle the case and able to trace those moles.

Quote from: adzino on September 23, 2021, 07:27:01 PM

They take every opportunity to ban or block users access to their cards as soon as they see a transaction made to a casino. I know they do it to "protect" their customers, but this was a choice made by their customer. Why is the bank interfering?

On what part does the bank interfering with that? Credit cards will not be blocked if transactions are smooth even it was on fiat casinos. Can you elaborate what's your point there or give an example much better.

Quote from: adzino on September 23, 2021, 07:27:01 PM

And this is one of the reason why centralized banks are being hated right now.

Just because of gambling? lol .

Fiat casinos are supposed to be centralized and they are like that since the beginning. They are under regulatory. What do you expect on fiat casinos?

Dragonfund

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Quote from: Cling18 on September 08, 2021, 12:56:36 AM

If banks would ban credit card usage for gambling, people would be responsible for using their credit cards. We all know that most people have fallen into gambling addiction because they rely on their credit card funds where they could easily gamble through it. If banks could control it, then they could also control or lessen the gambling addiction of some of their users.

Gambling is supposed to be fun, especially for sports fans, and not to become hooked to it, but the truth is that many people have turned it into a full-time career. I don't see anything wrong with it but some folks simply don't know when to quit. They would rather go the extra mile to find finances to play more at the risk of their demise than accept their loss and restructure their flow. This is one of the reasons why the government is concerned.
This is not the best approach pushing blame on the banks, they exist to make a profit, and it is the responsibility of the consumer to manage their funds as they see fit. Furthermore, the government received internal revenue from these banks by charging gamblers fees, why turning back now.

Sterbens

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Quote from: adzino on September 23, 2021, 07:27:01 PM

Why even talk about credit cards when you have crypto currencies to gamble with? The banks were never friendly with fiat casinos. They take every opportunity to ban or block users access to their cards as soon as they see a transaction made to a casino. I know they do it to "protect" their customers, but this was a choice made by their customer. Why is the bank interfering? And this is one of the reason why centralized banks are being hated right now. Use crypto currencies and play in crypto casinos. They are much better and more fair than your traditional online casino.

We should bet with crypto and don't want to make fiat a betting tool. Indeed, lately credit card transactions with casino have become the target of account blocking. So with crypto casinos already providing solutions, we are much more confident in crypto casinos to bet on big and small stakes. Because as far as I have experienced betting in fiat casino, especially in the online casino available in my country, on average everything is just manipulating and creating unfair play. A prominent comparison we can see in crypto casino.

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Quote from: Wakate on September 25, 2021, 02:17:10 PM

Quote from: timerland on September 07, 2021, 06:41:17 PM

I honestly don't see credit cards as being much of an issue.

As you mentioned, only 14% of people actually use credit cards to gamble.

The vast majority of these people are going to be legitimate gamblers. Only a small portion of them are going to be frauds - but that applies to virtually every payment processor/method.

Many fraud are being done through credit card which hard left many person to discriminate the use of it. Innocwy people end up being hacked if the mistakenly disclose there information or hackers linking credits to get the funds it. It all left to the government to do something about it not leaving it to the bank to decide.

You cant really tell if those reasoning of being hacked would really be real or just an alibi from the user itself but with some investigation or something like that which could really be proven out.

When it comes to decision making then this is something that really needs some both take about or in regards the situation and also this is only one of the angle of possible usage of credit cards
which isnt really just limited for this one.

Not really that surprising that CC's would be mainly used but its not bad on having that initiative on banning but it is way too much considering this isnt the only usage of these
cards but people are really abusing it.

Wakate

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Quote from: timerland on September 07, 2021, 06:41:17 PM

I honestly don't see credit cards as being much of an issue.

As you mentioned, only 14% of people actually use credit cards to gamble.

The vast majority of these people are going to be legitimate gamblers. Only a small portion of them are going to be frauds - but that applies to virtually every payment processor/method.

Many fraud are being done through credit card which hard left many person to discriminate the use of it. Innocwy people end up being hacked if the mistakenly disclose there information or hackers linking credits to get the funds it. It all left to the government to do something about it not leaving it to the bank to decide.

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Well, I agree with the banning of credit cards in gambling because that is very tempted to borrow cash from the bank just to gamble.
It should always gamble of what they can afford and not the fund that they borrowed just to gamble and I don't see the problem there, in fact --this has a good impact between the gamblers and the casino owners, it has a fewer chance that you will become a burden by a debt. The government will take action if they saw that this is not good for the community even though there is revenue but in exchange for damaging people life once they are addicted to it.

crzy

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Quote from: Johnyz on September 24, 2021, 04:03:03 PM

Quote from: hello_good_sir on September 24, 2021, 07:44:18 AM

I don't see a problem with banning credit cards.

There is a reason why nobody in the cryptosphere is willing to accept credit card/Paypal payments.

It's way too clunky, there are huge transaction costs, and there are significant drawbacks such as the risk of getting carding fraud. If it's not worth it for the casino, why force them?

Thought its more convenient to use cards online, I also not agree to use it in your gambling activities since its not your real money, and banks might charge you more if you are not able to pay it on time. There’s a lot of options to fund your gambling activities, if you can’t do it with your own money better not to gamble at all.

This is being greedy for me, borrowing money is not good for your gambling addiction because it can make you broke especially if you failed to control that addiction. Credit card is not good if you abused using it, charges and fees might already kill you and the pressure that you will get from the bank, its stressful so better not to use it at all.

Johnyz

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Quote from: hello_good_sir on September 24, 2021, 07:44:18 AM

I don't see a problem with banning credit cards.

There is a reason why nobody in the cryptosphere is willing to accept credit card/Paypal payments.

It's way too clunky, there are huge transaction costs, and there are significant drawbacks such as the risk of getting carding fraud. If it's not worth it for the casino, why force them?

Thought its more convenient to use cards online, I also not agree to use it in your gambling activities since its not your real money, and banks might charge you more if you are not able to pay it on time. There’s a lot of options to fund your gambling activities, if you can’t do it with your own money better not to gamble at all.

wxa7115

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Quote from: fiulpro on September 06, 2021, 01:06:34 AM

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

You have a point however the fact that we are talking about credit cards and not your regular bank accounts means at least to me that banks can do whatever they want, after all the money that you have available as credit in credit cards doesn't really belong to you but to the bank, and if they do not want you to spend that money in a casino then they are within their rights to block your card if that is what they want.

Now this will be completely different if we were talking about banks blocking your debit card, after all if gambling is legal in your country then you are within your rights to use your money in whatever way you want and if any bank did that to me I'll close my account and look for another one.

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Quote from: hello_good_sir on September 24, 2021, 07:44:18 AM

I don't see a problem with banning credit cards.

There is a reason why nobody in the cryptosphere is willing to accept credit card/Paypal payments.

It's way too clunky, there are huge transaction costs, and there are significant drawbacks such as the risk of getting carding fraud. If it's not worth it for the casino, why force them?

I have seen recently a crypto casino had made out some integrations about credit card payment deposits method.I just forgot the name
but eventually this had been already possible. https://bitedge.com/blog/bitstarz-becomes-the-1st-crypto-casino-with-credit-card-deposits/
When it comes to banning or something like this then it is usually in between banks and government neither gov't had really taken out those considerations
or would really be having that mutual agreement or does depend.

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Quote from: fiulpro on September 06, 2021, 01:06:34 AM

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

Here everything is wrapped in a general purpose that exists in all countries but they do not say it very well totally, which is The Business Model, they do not make efforts to have a radical prohibition, they give a certain tolerance (and they assume a certain tolerance knowing that people are using it for gambling). If they cut off all the benefits that many use it for gambling, people will no longer be interested in acquiring credit cards, therefore they will not enjoy the debts and interests that guarantee profits for them.

Over time, they have to accept that the technology that improves economies, there is gambling and other activities that people seek and that many prohibit, if they refuse this, they would be dying their business little by little. And in addition to this, they are interested in generating money, the concern about possible addiction to gambling or other similar problems are simply masks.

hello_good_sir

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I don't see a problem with banning credit cards.

There is a reason why nobody in the cryptosphere is willing to accept credit card/Paypal payments.

It's way too clunky, there are huge transaction costs, and there are significant drawbacks such as the risk of getting carding fraud. If it's not worth it for the casino, why force them?

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Quote from: DoublerHunter on September 23, 2021, 03:57:38 PM

Quote from: jrrsparkles on September 23, 2021, 12:28:12 PM

Quote from: AicecreaME on September 23, 2021, 04:22:16 AM

Banks doesn't have the right to make decisions for the gamblers, whether where they want to spend their money, if you know what I mean, because I don't think of any reason why they should do that unless the gambling site or casino is illegal, then their action is valid. Government and banks are not responsible for their clients decision, or choices to be make, it's their clients rights to do whatever they want with their money, in my opinion.

Credit card is not the money from the customer's pocket its actually a loan provided by the banks so they do have all the rights to decide where the user can spend it and ofcourse they can even restrict activities which are legal in their country but involves high risk.

^ It seems you are right, probably their government just cares about their people not to use the money that comes from lending.
For this reason, it will probably minimize the possibility of fraudulent activities due to gambling addictions which are gamblers can possibly commit a crime in the future due to the reason of gambling addiction. There could be thousands of gamblers that will become miserable their life because if banks allow using debit and credit cards if people want to gamble, just use an amount that they can afford.

Actually government doesn't care about the people they just care about the money, if they let the people to gamble with the lend money then they will face more loan defaulters so they are restricting people from doing it with credit cards and at the same time they allow people to do the same thing when they are ready to spend money from their own pockets.

uneng

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At the end of the article, Tabcorp CEO said:

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, ...

And he is totally right on his statement. Problem gamblers will find a way to keep gambling with or without credit cards, just like they always come back to the casino even after asking for a block on their accounts. The biggest challenge is to make these people lose their desire for gambling. So far I haven't seen any policies achieving this deed.

In fact, to inspire problem gamblers to develop an interest for another activities which could be more healthful for them should be the main goal of policies proposed by governments. Solely bans and prohibitions don't work.

Wexnident

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Quote from: ?? on ??

They can't totally ban people from using their credit cards because for sure, they are earning a lot of money here because of the high interest especially if you are late to pay your credit card.

I don't think it's a matter of profit really, a lot of people use banks after all, so I don't think them accomodating to the issue of gamblers and banning them would be that much of an issue. As you said credit cards have high interest rates and with the number of people they serve? That's quite a lot in profit already imo. Honestly, they should just attack the problem at its core, aka the gamblers themselves, and not the methods they use which is honestly a lot more effective ngl, granted that it's quite difficult though.

Still, as others have said, just use crypto. A lot more easier tbh and hell, less problems even.

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Quote from: adzino on September 23, 2021, 07:27:01 PM

Why even talk about credit cards when you have crypto currencies to gamble with? The banks were never friendly with fiat casinos. They take every opportunity to ban or block users access to their cards as soon as they see a transaction made to a casino. I know they do it to "protect" their customers, but this was a choice made by their customer. Why is the bank interfering? And this is one of the reason why centralized banks are being hated right now. Use crypto currencies and play in crypto casinos. They are much better and more fair than your traditional online casino.

So in this matter, we as a crypto user are fortunate as we do not have to involve with the bank from depositing our money to the gambling sites. The banks will not agree if we use the money to gamble, although maybe their employee also playing gambling secretly Grin

The government will check the bank central to see the cash flow of the money transaction on every bank and if they see a suspicious transaction or an account send the money to the casino, they will investigate furthermore. People will have their own choice, whether to still use fiat money or moving into crypto which they will benefit if they use crypto.

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As I see it, it seems there is not much problem here. The truth is that you are probably wrong in saying that "governmental bodies and the banks thoroughly oppose gambling." That is apparently not the case. The government wants gambling because it gives them a considerable revenue. On the other hand, the banks also want gambling because they finance the development of these companies. However, they also need to control the damage at the same time. So regulations have to be put up to somehow strike a balance. But that's all there is to it.

adzino

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Why even talk about credit cards when you have crypto currencies to gamble with? The banks were never friendly with fiat casinos. They take every opportunity to ban or block users access to their cards as soon as they see a transaction made to a casino. I know they do it to "protect" their customers, but this was a choice made by their customer. Why is the bank interfering? And this is one of the reason why centralized banks are being hated right now. Use crypto currencies and play in crypto casinos. They are much better and more fair than your traditional online casino.

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Quote from: timerland on September 07, 2021, 06:41:17 PM

I honestly don't see credit cards as being much of an issue.

As you mentioned, only 14% of people actually use credit cards to gamble.

The vast majority of these people are going to be legitimate gamblers. Only a small portion of them are going to be frauds - but that applies to virtually every payment processor/method.

The thing is some credit cards are being used by illegal carding especially those people that has the know-how on how to illegally exploit these credit cards. I remember there was a forum intended for such things but what I do seen mostly are just for subscriptions on some site but I know these exploiters work anonymously especially if it's about gambling. They should combat it or worst won't allow credit card gambling in the future but as they say, they'll make some alternatives onto that.

blockman

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Seeing them work together is quite hard. The coordination is a must but it still ends up into business, they have to make their business continuity and just allow those people to use their credit cards for gambling.

Quote from: stomachgrowls on September 23, 2021, 03:59:28 PM

Banks are totally independent institutions but since it is heavily regulated then it is likely that they would comply on whats been asked.

Yeah, they are independents and they're still able to be controlled by the government and whatever they say, they must comply but if it's about using their money. They have full jurisdiction if they allow their customers use wherever they want their credit cards.

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Quote from: DoublerHunter on September 23, 2021, 03:57:38 PM

Quote from: jrrsparkles on September 23, 2021, 12:28:12 PM

Quote from: AicecreaME on September 23, 2021, 04:22:16 AM

Banks doesn't have the right to make decisions for the gamblers, whether where they want to spend their money, if you know what I mean, because I don't think of any reason why they should do that unless the gambling site or casino is illegal, then their action is valid. Government and banks are not responsible for their clients decision, or choices to be make, it's their clients rights to do whatever they want with their money, in my opinion.

Credit card is not the money from the customer's pocket its actually a loan provided by the banks so they do have all the rights to decide where the user can spend it and ofcourse they can even restrict activities which are legal in their country but involves high risk.

^ It seems you are right, probably their government just cares about their people not to use the money that comes from lending.
For this reason, it will probably minimize the possibility of fraudulent activities due to gambling addictions which are gamblers can possibly commit a crime in the future due to the reason of gambling addiction. There could be thousands of gamblers that will become miserable their life because if banks allow using debit and credit cards if people want to gamble, just use an amount that they can afford.

Lets just hope for that kind of reason to be true than with those personal interest or having some strings attached behind those kind of decisions.Its good to look at that government is really having some concern or care about their citizens which they do really end up on having that kind of decision despite on gaining up something specially with gambling revenue or something like that into those businesses.

Banks are totally independent institutions but since it is heavily regulated then it is likely that they would comply on whats been asked.We can totally tell that there would be a possible problem would rise
if there would be some conflicts in between parties.

DoublerHunter

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Quote from: jrrsparkles on September 23, 2021, 12:28:12 PM

Quote from: AicecreaME on September 23, 2021, 04:22:16 AM

Banks doesn't have the right to make decisions for the gamblers, whether where they want to spend their money, if you know what I mean, because I don't think of any reason why they should do that unless the gambling site or casino is illegal, then their action is valid. Government and banks are not responsible for their clients decision, or choices to be make, it's their clients rights to do whatever they want with their money, in my opinion.

Credit card is not the money from the customer's pocket its actually a loan provided by the banks so they do have all the rights to decide where the user can spend it and ofcourse they can even restrict activities which are legal in their country but involves high risk.

^ It seems you are right, probably their government just cares about their people not to use the money that comes from lending.
For this reason, it will probably minimize the possibility of fraudulent activities due to gambling addictions which are gamblers can possibly commit a crime in the future due to the reason of gambling addiction. There could be thousands of gamblers that will become miserable their life because if banks allow using debit and credit cards if people want to gamble, just use an amount that they can afford.

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Quote from: fiulpro on September 06, 2021, 01:06:34 AM

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

Out of all this it really shows how manipulative certain gambling companies can be. You try to defend the actions of the gambling companies, who have a legal (and very simple to enforce) duty to block gambling transactions because the government of one country has decided that they do not want this activity any longer. That government was freely elected by a democratic vote and by extension, the politicians are generally doing what the voters expected them to do. This tabcorp, in the very first sentence of that article, has decided it does not want to lift a single finger in defense of their business interest, presumably because they know they would not beat the government in an independent court - that makes me think they are spineless and have a weak case.

milewilda

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Quote from: fiulpro on September 06, 2021, 01:06:34 AM

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

Banks are heavily regulated which does simply means that whenever there are some changes or where government does really like to implement or make out some bans then for sure it would really a big
thing that could really influence out their own views on certain issue.Whether they do like it or not but once government had really made out some or mandating something then most likely
these services or platforms or institutions wouldnt really be having any choice but to come along with it or else they might really be facing up some problems later on or something that
connects with personally.

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Quote from: zanezane on September 23, 2021, 12:49:00 PM

Quote from: Kittygalore on September 06, 2021, 10:48:52 AM

Not a temporary fix but it will do plus it will also help with people having to put up with credit card debts that they will incur overtime if they continue using credit cards for gambling.

Credit card debts are the reason why it's not good to ever get one not to mention that the interest that it incurs overtime is pretty exploitative, especially with gambling which drains your money much faster.

Banks should really ban the account from using it on any gambling activities if they really do care, but of course it wont happen because this is in favor to them once you spend your credit card they don’t care on where you spend it as long as they can collect interest from you. You should not gamble the money you don’t have, its borrowing and its not good in gambling.

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From where I'm at, banks are very compliant with what the government imposes and what they wanted to achieve. They are surely in sync with most of their decisions, and are always up-to-date with the memos and circulars that they are imposing and getting out in the open to inform about the consumers who are still trying to circumvent existing laws re: credit cards and gambling.

At some point, I believe that this is just the right thing, given that in the first place, credit card funds are not the consumer's money to begin with, so no way that they should be able to risk it into gambling.

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Quote from: Kittygalore on September 06, 2021, 10:48:52 AM

Not a temporary fix but it will do plus it will also help with people having to put up with credit card debts that they will incur overtime if they continue using credit cards for gambling.

Credit card debts are the reason why it's not good to ever get one not to mention that the interest that it incurs overtime is pretty exploitative, especially with gambling which drains your money much faster.

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Quote from: AicecreaME on September 23, 2021, 04:22:16 AM

Banks doesn't have the right to make decisions for the gamblers, whether where they want to spend their money, if you know what I mean, because I don't think of any reason why they should do that unless the gambling site or casino is illegal, then their action is valid. Government and banks are not responsible for their clients decision, or choices to be make, it's their clients rights to do whatever they want with their money, in my opinion.

Credit card is not the money from the customer's pocket its actually a loan provided by the banks so they do have all the rights to decide where the user can spend it and ofcourse they can even restrict activities which are legal in their country but involves high risk.

AicecreaME

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Banks doesn't have the right to make decisions for the gamblers, whether where they want to spend their money, if you know what I mean, because I don't think of any reason why they should do that unless the gambling site or casino is illegal, then their action is valid. Government and banks are not responsible for their clients decision, or choices to be make, it's their clients rights to do whatever they want with their money, in my opinion.

jrrsparkles

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Credit card loans comes under the high risky sector loan so from the bank side they don't want to encourage the usage of credit cards to high risky things like gambling because they know its addictive so high chances for the people to default their loans.

STT

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Central banking makes them all related and lending cash to gamble is not especially a risk free form of lending vs lending on a house which is practical and justified. Its not advisable to gamble with borrowed money but the main reason to ban is not the consumer so much but the banks who are taking on too much risk of a defaulted debt.
People and private companies can and should do whatever they want but the banks right now are an extension of central government due to excessive support and easy monetary policy, they dont especially have a leg to stand on as they lean so much on the central bank. Its part of why you are unlikely to get a fair rate of return on savings, banks dont serve their depositors so much any more they are political policy reliant.

imstillthebest

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Quote

-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 ?

yes its hard because theres only one entity working but if they work together it will be easy for them .
it will be more safer but i dont think will be more practical if banks and governments work together so this move can still be better to the affected .
bank are involved in this because they are the one that issue credit card , they are related to finance than the governments .

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Quote from: avikz on September 07, 2021, 12:50:26 PM

Tabcorp's statement makes sense! It's a responsibility of the banks to impose the ban from the system. This responsibility should not be passed to gambling houses.

Banks can make some ban but this type is beyond their power but gambling companies can make the ban even without any law just to help their customers but which can result to inconveniences, but gambling sites will never also do that as they want their customers to bet more and lose more. I see that statement to not make sense when they already know that bank can not make such ban, it is not possible and beyond the bank's power, but a governmental organisation setup by the government to regulate gambling in their country can make such regulatory law but if they are even willing to do so.

Cling18

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If banks would ban credit card usage for gambling, people would be responsible for using their credit cards. We all know that most people have fallen into gambling addiction because they rely on their credit card funds where they could easily gamble through it. If banks could control it, then they could also control or lessen the gambling addiction of some of their users.

Fundamentals Of

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If this is the figure and this is a reliable figure then I think there is no need for a credit card ban. If the regulators will force this kind of measure then I think they are putting a drastic and large-scale solution to a minor problem. As a result, this might only cause more problems. But more studies should be done first.

How much is 14% actually in terms of money or number of users? How much is the figure as far as other researches are concerned? This is a number released by Tabcorp, a gambling company. Who knows, this number is a fudge in order to contain the possible decrease in revenue due to the proposed ban?

timerland

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I honestly don't see credit cards as being much of an issue.

As you mentioned, only 14% of people actually use credit cards to gamble.

The vast majority of these people are going to be legitimate gamblers. Only a small portion of them are going to be frauds - but that applies to virtually every payment processor/method.

cafucafucafu

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Quote

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.

Why should banks have the right to decide which transactions its users should be able to do and which ones they can't use?

I guess it is a credit card, but still. That seems a bit like how they would restrict access to crypto related transactions to me.

Casinos should use their own discretion on this matter. Not the banks imho.

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Quote from: Viscore on September 06, 2021, 07:57:38 AM

This is definitely correct, but banks would not ban credit cards if they don't violate the law. Banks are the implementors to its client, while the government under its agency will also enforce the law to ensure that banks are properly doing their job as a business that operates under the law.

Some time ago I read on this forum but I forgot where the source link is. It was about the Irish government prohibiting transactions via credit cards when the match used as a betting event started. If I'm not mistaken they want to make gambling safe and respectful of the players in the sport. So it seems that the gambling was done before the official match started. It looks weird but I think it has its benefits too. The government should be able to find the best way if it is true that transactions with credit cards are deleted by the government. They have to provide solutions not just bans. I don't think the bank itself will be able to make a policy against a government.

avikz

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Tabcorp's statement makes sense! It's a responsibility of the banks to impose the ban from the system. This responsibility should not be passed to gambling houses.

Quote

I'm not sitting here saying I accept a ban on credit cards for gambling. I'm saying if the committee decides it's going to ban it, we're not going to oppose it for online wagering

Since gambling houses are bound to obey the rules laid out by regulators, the responsibility of enforcing it, should not be passed to the gambling houses. Financial corporations have such infrastructure to enfore such ban and they should be doing it.

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Quote from: fiulpro on September 06, 2021, 01:06:34 AM

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.

Banks are still regulated and does abide government laws even though there are some part which is really not part of their control even inside of their vicinity which simply means that they could really make out some
specific solution if ever there would be some problems that raised up.

Sometimes there would be some discussions or arguments or debates but most of the time, banks would really still be following on what governments views about it but im not really
that surprised that most of the time they do share up the same view or perspective on things.

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Quote from: ralle14 on September 06, 2021, 02:00:47 AM

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.

I agree with you. It looks like they are both between the devil and the deep blue sea. Although, I have read that “online gamblers in Australia and New Zealand cannot use their credit cards from ANZ Bank to gamble if they have used 85% or more of their credit card limit, or if the attempted transaction would push their balance to 85% or more of their credit card limit.” So then financial institutions should be responsible for the ban even though we know the gamblers will surely find other alternatives.

https://www.greo.ca/Modules/EvidenceCentre/files/GREO_04_2020_CreditCardRER.pdf

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Quote from: fiulpro on September 06, 2021, 01:06:34 AM

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

Nearly the same thing happened in my country but in this case the situation was a little bit different. Well, in my country the highest percentage of the society is gambler and the gambling business is booming there. A lot of people who work in the government and in institutes managed by the government, would get fired if they spend money in casino from their bank account/cards from day X. After that law, the online casinos decided to create online wallets and offer debit cards to their customers while promising that transactions done through this card would be unavailable for the bank and the government and this continues so on, the casinos found loophole in the law and offered the alternative solution to their customers. So, I guess this law while is good and understandable at some point, won't be that much effective.

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Not a temporary fix but it will do plus it will also help with people having to put up with credit card debts that they will incur overtime if they continue using credit cards for gambling.

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Quote from: Kong Hey Pakboy on September 06, 2021, 02:00:42 AM

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.

Therapy is something that you do later on in the life, but if you do cut off right from the source and if there is actually a way by which you can prevent people from taking loans from the banks and then stressing themselves out afterwards then I do think they should do it for sure. The ban enforced by banks would be much more effective since people would not be able to control it and it would be way faster..

Quote from: Viscore on September 06, 2021, 07:57:38 AM

Quote from: fiulpro on September 06, 2021, 01:06:34 AM

Therefore the ban would be enforced by the banks and not by any government and the authority.

This is definitely correct, but banks would not ban credit cards if they don't violate the law. Banks are the implementors to its client, while the government under its agency will also enforce the law to ensure that banks are properly doing their job as a business that operates under the law.

Ofcourse this is how it would work :
Laws are made (1)
Enforced by the government (2)
Banks would take responsibility for their clients (3)

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Quote from: fiulpro on September 06, 2021, 01:06:34 AM

Therefore the ban would be enforced by the banks and not by any government and the authority.

This is definitely correct, but banks would not ban credit cards if they don't violate the law. Banks are the implementors to its client, while the government under its agency will also enforce the law to ensure that banks are properly doing their job as a business that operates under the law.

tulusikhlas

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In my view, that the bank will close someone's credit card account if they use money from credit and bet on gambling. So Tabcorp can only apply this policy if it carries out a transaction that continues to flow to the casino. As for the rest, I think as long as it looks safe and doesn't gamble with credit cards, then they can't close credit cards without a good reason.

crzy

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Banks wont allow you to have credit card if you have a bad credit ratings and if you just got your card and failed to pay your debt then your name will be put on the central data of bank and all the financial institutions will see your name for having a default loan so technically, this can affect your credit rating.

Though some countries allows credit card to be used in gambling, banks should still make their own analysis if its really worth it or too risky for them since not all debtors can pay their debt on time and this might affect the operations of the bank. If banks will restrict your cards for gambling purposes, that could be more effective.

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Quote from: fiulpro on September 06, 2021, 01:06:34 AM

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.

IMO i believe that the management of tabcorp are very correct in saying that credit card bans should be enforced by banks. For them to take up such a responsibility will require new infrastructure and maybe some staffs dedicated to analysing data, and since the bank already has the these datas, the officials and infrastructure working closely to that line, it will be easier for them to extend their services thus.

Also in terms of business image, it doesn't tell well for a gambling company to be issuing ban to its users.

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This is a good thing because with less people being dominated by credit cards, we not only see reduce in gambling although at a small amount but we will see less people getting in debt with credit cards and we all know how notorious credit cards are when it comes to interest rates. They can also probably do a program that will help the people find a way to be a more helpful citizen.

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In the future, there might be a prohibition on using a credit card to gamble if they do not have much money that can cover the cost of using the credit card. Credit card companies do not want to lose their money because of people who abuse credit card functions.

The other solution that the casino should do is remove the option of using credit or debit cards to gamble and use the other payment methods that can be the next favorite of gamblers to gamble. Maybe they will use crypto or other digital money to gamble but I am sure they will figure it out.

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Quote from: fiulpro on September 06, 2021, 01:06:34 AM

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

I found this news surprising because gambling companies and banks do not have any issue in my country, one of the fast and easiest transaction you can use my country's bank debit and credit cards to do is to make transaction into gambling companies both with the country and foreign gambling companies though we have certain amount we will be able to spend monthly for foreign transactions irrespective of being bank or not bank.

Banks should not be the one to determine transactions into gambling companies or not, there should be a governmental body that should be responsible for that if necessary, if the gambling companies are within the country, why should banks be the one to determine this, it should be government not bank.

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Quote from: fiulpro on September 06, 2021, 01:06:34 AM

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.

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Quote from: fiulpro on September 06, 2021, 01:06:34 AM

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.

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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

michellee

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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.

ralle14

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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.

Kong Hey Pakboy

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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.

Alisha-k

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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

fiulpro

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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

Topic: Credit cards and gambling (tabcorp, Australia) (Read 412 times)