Is this considered a safe practice - page 10.

Kelvinid

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Quote from: Shamm on May 19, 2023, 07:28:47 AM

Quote from: Eureka_07 on May 19, 2023, 04:44:47 AM

Quote from: Crypt0Gore on May 16, 2023, 04:15:36 AM

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?

One risk that I can think related to this is identity theft — people who has your credit card details can make use of your information to open new accounts that they can use for illegal activities. This is one issue that also happens with KYC processes.
Personally, I wouldn't want use credit card for payments online (incl. gambling platforms or even when shopping online). I prefer to use cash, e-cash, or cryptocurrency than connect my card to the platform, unless extremely needed.

Our identity is the most vulnerable when we do this. AFAIK, credit card transactions requires OTP or PIN codes to complete the transaction. *Please correct me if I'm wrong with this.

There are many disadvantages if you connect your credit card in casino as we are all know that once it's connected then there's a chance that they can steal your money and also once your credit card connect to your google and then bind it in the casino then make sure that casino is trusted enough because if not then they have a chance to deduct an amount even though you are not playing in them because they have access your google account which is your credit card connected.

It should not be linked to it as it is possible this will lead to unauthorized transactions in your account.
Many scam stories happen like this and it was to find out that someone does the confirmation on behalf of the original owner. Something we need to allow and must not try just to know if it really happens. It is not wise to do it and I don't think it was worth enough risking if that is only because of some bonuses.

Doan9269

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Quote from: Eureka_07 on May 19, 2023, 04:44:47 AM

Quote from: Crypt0Gore on May 16, 2023, 04:15:36 AM

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?

One risk that I can think related to this is identity theft — people who has your credit card details can make use of your information to open new accounts that they can use for illegal activities. This is one issue that also happens with KYC processes.
Personally, I wouldn't want use credit card for payments online (incl. gambling platforms or even when shopping online). I prefer to use cash, e-cash, or cryptocurrency than connect my card to the platform, unless extremely needed.

Our identity is the most vulnerable when we do this. AFAIK, credit card transactions requires OTP or PIN codes to complete the transaction. *Please correct me if I'm wrong with this.

You're right, aside the risk in revealing your privacy, they can also use your information to impersonate you, there are alot of scam related offenses ongoing out there, ibthis advanced digital technology, people are no more slerk with their personal informations not to talk of securing them with the online platforms that has a central server that stores all those informations for them, these same OTP lands onnyour mobile and email address and if one is compromised then you're under attack.

Shamm

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Quote from: Eureka_07 on May 19, 2023, 04:44:47 AM

Quote from: Crypt0Gore on May 16, 2023, 04:15:36 AM

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?

One risk that I can think related to this is identity theft — people who has your credit card details can make use of your information to open new accounts that they can use for illegal activities. This is one issue that also happens with KYC processes.
Personally, I wouldn't want use credit card for payments online (incl. gambling platforms or even when shopping online). I prefer to use cash, e-cash, or cryptocurrency than connect my card to the platform, unless extremely needed.

Our identity is the most vulnerable when we do this. AFAIK, credit card transactions requires OTP or PIN codes to complete the transaction. *Please correct me if I'm wrong with this.

There are many disadvantages if you connect your credit card in casino as we are all know that once it's connected then there's a chance that they can steal your money and also once your credit card connect to your google and then bind it in the casino then make sure that casino is trusted enough because if not then they have a chance to deduct an amount even though you are not playing in them because they have access your google account which is your credit card connected.

Eureka_07

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Quote from: Crypt0Gore on May 16, 2023, 04:15:36 AM

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?

One risk that I can think related to this is identity theft — people who has your credit card details can make use of your information to open new accounts that they can use for illegal activities. This is one issue that also happens with KYC processes.
Personally, I wouldn't want use credit card for payments online (incl. gambling platforms or even when shopping online). I prefer to use cash, e-cash, or cryptocurrency than connect my card to the platform, unless extremely needed.

Our identity is the most vulnerable when we do this. AFAIK, credit card transactions requires OTP or PIN codes to complete the transaction. *Please correct me if I'm wrong with this.

tusandii

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Quote from: Odusko on May 19, 2023, 12:52:43 AM

Quote from: Crypt0Gore on May 16, 2023, 04:15:36 AM

What are the disadvantages of using a credit card at online casinos? Any? Would you dare do such to earn more money?

The major disadvantages of using your credit cards on online casino is that some of the scam casinos can get your card info from the backend and the team can use the information you supply to access your credit card balance while you are off the casino, and the transfer of funds can be done without trances.

I have heard a few complaints from some local bank customers in my country, that their money is always transferred into a gambling site account, but what I don't know is whether or not their ever used the card at the casino at some point or not.
So it's highly dangerous to store your card details online.

The risks are indeed like what you have said, so if a gambler wants to use a credit card at a casino, he must consider and think carefully beforehand so that at some point an unwanted problem occurs.

In my country it's the same but they use an average bank account not a credit card to verify or make deposits and withdrawals because what is used is a fiat-based online casino. For crypto-based casinos I have never heard of it at all and don't believe that crypto casinos requires a credit card from its customers.
But some gamblers in my country are willing to create a new bank account specifically for gambling so they can minimize the risk of a problem occurring.

Odusko

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Quote from: Crypt0Gore on May 16, 2023, 04:15:36 AM

What are the disadvantages of using a credit card at online casinos? Any? Would you dare do such to earn more money?

The major disadvantages of using your credit cards on online casino is that some of the scam casinos can get your card info from the backend and the team can use the information you supply to access your credit card balance while you are off the casino, and the transfer of funds can be done without trances.

I have heard a few complaints from some local bank customers in my country, that their money is always transferred into a gambling site account, but what I don't know is whether or not their ever used the card at the casino at some point or not.
So it's highly dangerous to store your card details online.

FatFork

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Quote from: so98nn on May 18, 2023, 12:02:07 PM

Honestly how can we distrust the Credit cards if they were made in the first place? Why did they make a system of OTP authentication, 3D secure password and checksums before you can approve any transactions? Come on we can have that much trust for sure. If you have above options turned on then why do you fear about it anyway? Whether it’s a casino or it’s shopping mall your CC will give you similar level of security on both end products. I barely doubt you have to worry about anything like that. If you think there is suspicion about a casino then just change your method of payment, that’s all.

Speaking from my own personal experiences, despite the extensive security measures put in place, there are still certain drawbacks associated with credit cards, particularly when it comes to making online payments. A recurring issue I faced was being billed automatically for services that I had already canceled. It was incredibly frustrating to undergo the cumbersome process of proving to my bank that these charges were unwarranted in order to recover my money. While I understand that this problem stems from dishonest merchants rather than the credit cards themselves, it is worth highlighting that alternative payment methods, such as cryptocurrencies, offer a more secure and transparent solution.

kingvirtus09

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Quote from: Crypt0Gore on May 16, 2023, 04:15:36 AM

Is it safe or dumb to use your Credit card for online gambling because of free bonus rewards on signup and initial 3 months purchase? Will you take such risks with your card for such rewards? A friend informed me that some casinos gives better reward if you have a credit card with high credit score at around 800, he mentioned how he make 200$ from Freedom Flex after using over 600$. He also mentioned other like capital one

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?

We all know that most casinos online lose, meaning if you have a credit card and you want to use it to gamble you should expect that the chances of you losing are high and your credit balance will be greatly reduced.
That's why it's so bad that if you used a credit card that's not good, you lost a large amount of money, you still owe a large amount of money, and the worst thing is that you will be charged a large amount of interest from the credit card that you used to bet on at the casino. , it equals to triple killedor triple blades.

dothebeats

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Quote from: worle1bm on May 18, 2023, 02:32:18 AM

Have you ever heard about data breaches through online sites? If you are swiping up your cards for bonus on some scam casino or hackers have persuaded you to do so you are at complete risk of exposing your banking details and also funds are at risk so in my opinion it's never safe to do such things.At this time there are many scams going on internet and online crypto market so you need to be extra careful and don't fill out your card details for few bucks.

This one is a valid point, although you can directly press charges against a reputable casino if the breach occurred on their website. It's better to play on huge casinos and give your financial information there to play rather than play on new platforms that offer insane amount of bonuses with little to no reputation in the crypto space.

One more thing: do not autosave your credit/debit card info on websites. The few minutes of hassle that re-typing your card info gives is better than regretting losing your funds just because you want to make things 'easy' for yourself. This applies not only to casinos but also to other places as well.

ultrloa

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Quote from: Mahanton on May 17, 2023, 06:53:13 PM

Quote from: ultrloa on May 17, 2023, 05:15:48 PM

Quote from: Crypt0Gore on May 16, 2023, 04:15:36 AM

Is it safe or dumb to use your Credit card for online gambling because of free bonus rewards on signup and initial 3 months purchase? Will you take such risks with your card for such rewards? A friend informed me that some casinos gives better reward if you have a credit card with high credit score at around 800, he mentioned how he make 200$ from Freedom Flex after using over 600$. He also mentioned other like capital one

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?

If you know for yourself that you can manage that and its just for one time swipe only just to take the bonus then yeah its still a safe practice to use your card. But make sure that you only swipe it once and never decide to do that again. Since if you repeat it for many times since you became more comfortable using it due to convenience it bring then maybe you are in great risk to get broke because for sure in long run you cannot notice that your debt became more bigger and bigger.

Doesnt matter whether you are making use of your card neither on gambling or simply on shopping, if you do create that kind of behavior on which you do continuously swipe your card but hardly pays off on the time
that it would really be asking out for repayment then this is where problem do build up. Its a safe practice if you do always set up limits. If you are pertaining about getting some bonuses on using up your cards,
then ti wont really be that bad but if you are already that doing into a certain extreme extent then this is where problems do starts. Everything would really be depending or varying on someones decision and taking
because not all would really be that good or really that getting in line with the right stuff but rather they would really be going into the opposite and this is where they do putting up themselves on trouble.

Addicting traits will happen if you do this for so many times but if it happen once for purpose just to get bonus well I think there's nothing wrong about it. Just make sure that you never swipe your card again so that you will not in trouble and use raw funds to avoid over extend on anything we do on casino. For sure there are people doing this and they are fine then came back to the original funds they use to gamble. But overall it still may vary depends on a gambler's decision.

Mahanton

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Quote from: QueenVera on May 18, 2023, 04:39:14 PM

Quote from: Crypt0Gore on May 16, 2023, 04:15:36 AM

Is it safe or dumb to use your Credit card for online gambling because of free bonus rewards on signup and initial 3 months purchase? Will you take such risks with your card for such rewards? A friend informed me that some casinos gives better reward if you have a credit card with high credit score at around 800, he mentioned how he make 200$ from Freedom Flex after using over 600$. He also mentioned other like capital one

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?

There is not safe about using credit cards for gambling especially now that the gambling industry is full with alot of restrictions and with a credit card, I think all your privacy is gone.
Before using credit cards on gambling platforms, please ensure you also check the gambling regulations of that very country if gambling is allowed or not as since deposit will be made through debit cards, I believe that withdrawals will also be made through the credit cards and if there is a huge winning, there might be possibilities of legal actions on you and my advice in general is that no one should use his or her credit card to gamble so as to stay at the safer side.

No matter which angle you would be looking then reading up site terms or simply their TOS would always been that recommendable not only just via dealing up with gambling space but also in other platforms or companies
that you would be dealing into or simply making out some deposit of funds on whatever options it would take.There's always a corresponding terms into that which you would really be needing to read up and be aware of.
Getting bonuses on using up your CC"s for that $200 add up more then its good to see and getting that kind of offer on which if you are a gambler then you would likely be taken up that offer and would directly
be getting that kind of opportunity which it isnt really that an opportunity at all but rather its a trap or pit hole because if we do consider those bonuses does have their wager requirement which is normal then
you would be likely be still able to bust up all of your balance on the time that you would be playing.

goaldigger

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Quote from: Haunebu on May 18, 2023, 02:00:49 PM

Using a credit card for gambling is one of the dumbest things that a person could do because it has the potential to screw your credit score which is very, very important for most people around the world.

No bonus is worth risking your credit score op. Anyone who tells you otherwise needs to get their head checked.

Exactly, this could affect your credit score and worst is that, you will be in debt if you lose the money.
Using credit card for your gambling activities or for whatever reason in gambling is not ideal, its not your money and its considered as debt, when you gamble with it you are just increasing the risk of losing more money. I’d rather skip that bonus part and just use my own money to gambling, by this it cannot affect my bank record.

QueenVera

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Quote from: Crypt0Gore on May 16, 2023, 04:15:36 AM

Is it safe or dumb to use your Credit card for online gambling because of free bonus rewards on signup and initial 3 months purchase? Will you take such risks with your card for such rewards? A friend informed me that some casinos gives better reward if you have a credit card with high credit score at around 800, he mentioned how he make 200$ from Freedom Flex after using over 600$. He also mentioned other like capital one

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?

There is not safe about using credit cards for gambling especially now that the gambling industry is full with alot of restrictions and with a credit card, I think all your privacy is gone.
Before using credit cards on gambling platforms, please ensure you also check the gambling regulations of that very country if gambling is allowed or not as since deposit will be made through debit cards, I believe that withdrawals will also be made through the credit cards and if there is a huge winning, there might be possibilities of legal actions on you and my advice in general is that no one should use his or her credit card to gamble so as to stay at the safer side.

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Quote from: Mr. Magkaisa on May 18, 2023, 07:49:55 AM

Quote from: Crypt0Gore on May 16, 2023, 04:15:36 AM

Is it safe or dumb to use your Credit card for online gambling because of free bonus rewards on signup and initial 3 months purchase? Will you take such risks with your card for such rewards? A friend informed me that some casinos gives better reward if you have a credit card with high credit score at around 800, he mentioned how he make 200$ from Freedom Flex after using over 600$. He also mentioned other like capital one

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?

- What are the disadvantages of using a credit card at online casinos? Anything? Do you dare to do that to earn more money?

It is too dangerous if you use your bank account or credit card in the online casino mate, here in our country the online casino has become rampant and most of those who have tried using their atm cards or bank accounts have been compromised and hacked so the contents of their their atm card or fund, so it's unlikely to happen with a credit card either.

These are some of the dangers of using a credit card in a casino, it does not matter if it is crypto or not, but we must consider that it will always be very risky to do business with a credit card, to make transfers from our banks to a casino, due to hacking And if the hackers don't catch you, the government catches you and registers you, apart from the fact that the banks will realize that you handle money in crypto, they are not stupid, when transfers are made to casniso it is well known that those who make these operations are handling money in bitcoin and that is what the banks want, to know the credit life and then collect their respective taxes and continue to fill up with money.

Z390

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I will never use my credit card on any online gambling platform because

1. It can easily turn you into gambling addict.

2. You will easily make money mistakes, because you will believe that your credit card is here and rollovers will keep happening, not good.

If 10$ is all you can afford for gambling every day, it's better to buy 10$ crypto and use that to gamble, and even if you lose the money, you can easily beat the taste of addiction compare to using your credit card.

Haunebu

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Using a credit card for gambling is one of the dumbest things that a person could do because it has the potential to screw your credit score which is very, very important for most people around the world.

No bonus is worth risking your credit score op. Anyone who tells you otherwise needs to get their head checked.

Kakmakr

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The rollover requirements ..make it almost impossible to get back any of the money that those bonuses offer you, so why would you incur debt to play for a so-called "Free" cash?

You should only gamble with money that you have.... not money that you are going to have to pay back with interest. Your friend are taking an extra gamble to play with debt..with zero garantee that you will make the rollover requirements. Roll Eyes

BitcoinPanther

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Quote from: Crypt0Gore on May 16, 2023, 04:15:36 AM

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?

One major disadvantage of using credit card in an online casino is the fee charges. Aside from that, many player who uses credit cards have the tendency to overspend. Although bonuses is attractive, it never remove the fact that we have to pay for the amount we spent on the Casino, and at the same time we also have to pay for the processing fees and interest. It can also pose a risk on our credit card to be phished.

Although credit card bring convenience in our gambling activity, it pose many disadvantages that may affect our financial status negatively.

so98nn

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Honestly how can we distrust the Credit cards if they were made in the first place? Why did they make a system of OTP authentication, 3D secure password and checksums before you can approve any transactions? Come on we can have that much trust for sure. If you have above options turned on then why do you fear about it anyway? Whether it’s a casino or it’s shopping mall your CC will give you similar level of security on both end products. I barely doubt you have to worry about anything like that. If you think there is suspicion about a casino then just change your method of payment, that’s all.

Jody.Drummer

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Quote from: Porfirii on May 18, 2023, 06:17:32 AM

Quote from: Jody.Drummer on May 18, 2023, 04:45:30 AM

I wouldn't take that big of a risk and use a credit card to just get the bonuses the site offers. Honestly it's too risky for me, and I'm not going to do it. Sometimes a bonus that is offered is a way to make us make a big mistake in the end, and I would really avoid that. It doesn't matter how big the bonus I will get, I am really not interested in doing it. To get a bonus there are many other ways to get it and we can get it if we continue to monitor promotions from the site and if luck is on our side.

I'm still not sure whether the OP wanted to take some credit to gamble or simply wanted to attach his credit card to the platform to get the bonus. On way or the other, I wouldn't do it: in the first case, because it is a very bad idea to borrow money to bet or gamble: this is the first unforgivable mistake anyone should know about it; in the second case, because no bonus justifies giving away your Credit Card information to a brand new casino or whatever other unknown service. In addition, normally bonuses often require a really high wager to be able to withdraw, so no matter how big the bonus is, you may finally lose it before being able to enjoy it.

Now that is a very worrying thing, because I think which gambling site does not provide any terms and conditions when they give a bonus, of course they will provide certain conditions to claim the bonus. So here we also need to pay attention to what terms and conditions must be met to get the bonus.
From my experience while playing gambling, when we want to get a bonus, we must fulfill the terms and conditions set by the gambling site. So it will also be like this, because for me when they give a bonus for free without any conditions it's a little strange.

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