This was really creating big problems but good thing now all ends and no one able to use this for gambling purpose hopefully we will have some more good decisions in near future about gambling.
The real reason behind this is not to stop people from gambling, its just to increase their tax income flow which will be lessen if people spend that money on gambling all they wanted to spend on things like products like any consumables. 
Topic: UK outlaws credit card gambling from 14th April (Read 453 times)
when it comes to credit cards and the money there is not yours to begin with, it is a line of credit that you have available in the case you really need it for some really important reason
Money they are desperate to lend you no matter what
when it comes to credit cards and the money there is not yours to begin with, it is a line of credit that you have available in the case you really need it for some really important reason
Money they are desperate to lend you no matter what
Looks like they are closing the gap for everything and not just for online betting.
I can expect to see more bans for doing other things online, because they need strict control and surveillance
I can expect to see more bans for doing other things online, because they need strict control and surveillance
when it comes to credit cards and the money there is not yours to begin with, it is a line of credit that you have available in the case you really need it for some really important reason
Money they are desperate to lend you no matter what
I know that people do not like the idea of being controlled and be told what to do with their money but in this case the money in a credit card is not yours, that money belongs to the bank, so it makes sense they put restrictions on how you use that money and while I do not like credit cards they can be a useful thing when used to get something that you really need to do right now, like repairing your car, however its use is not justified when it comes to gambling and I agree with this measure because it could curb the economic problems addicted gamblers may face in the future.
they dont have a choice but to follow whatever rules made by thier credit card issuer . its a centralized type of payment so its normal that that can be hold , restricted , or anything .
thats the downside of not using a crypto . anyway did they only restrict the use for gambling but not on other stuffs ? becuase people can still abuse the card on unwanted stuffs an that can be worst too than abusing it on gambling . just my two cents .
This would give way for crypto to dominate more in the gambling industry, people who are using credit card has no option now, they need to find a good alternative and I think crypto would be a great one, however, it's like a debit card as you can't gamble without a balance in your bank or your wallet.
Gambling sites that accept cryptocurrencies are the best choice for gambling players, I think this is not a bad news, this is opening the way for increasingly adopted cryptocurrenciescredit cards are evil, the money printed on the credit card does not belong to the person who has the credit card, there will always be a strong desire for a credit card holder to spend the money that is on his card
This would give way for crypto to dominate more in the gambling industry, people who are using credit card has no option now, they need to find a good alternative and I think crypto would be a great one, however, it's like a debit card as you can't gamble without a balance in your bank or your wallet.
I know that people do not like the idea of being controlled and be told what to do with their money but in this case the money in a credit card is not yours, that money belongs to the bank, so it makes sense they put restrictions on how you use that money and while I do not like credit cards they can be a useful thing when used to get something that you really need to do right now, like repairing your car, however its use is not justified when it comes to gambling and I agree with this measure because it could curb the economic problems addicted gamblers may face in the future.
they dont have a choice but to follow whatever rules made by thier credit card issuer . its a centralized type of payment so its normal that that can be hold , restricted , or anything .
thats the downside of not using a crypto . anyway did they only restrict the use for gambling but not on other stuffs ? becuase people can still abuse the card on unwanted stuffs an that can be worst too than abusing it on gambling . just my two cents .
South Park has good points here. I think credit card issuers made this decision because of some valid reasons. They won't make this decision without doing any study first. Maybe a lot of gamblers already incurred huge debt from their end. Also, this will help degenerate gamblers control their expenditures when it comes to gambling. At least they will not be in deep debt anymore from these credit card companies if they will be using their debit cards this time. So don't take the move as negative, look for the positive impact of it on your financial aspect.
I know that people do not like the idea of being controlled and be told what to do with their money but in this case the money in a credit card is not yours, that money belongs to the bank, so it makes sense they put restrictions on how you use that money and while I do not like credit cards they can be a useful thing when used to get something that you really need to do right now, like repairing your car, however its use is not justified when it comes to gambling and I agree with this measure because it could curb the economic problems addicted gamblers may face in the future.
they dont have a choice but to follow whatever rules made by thier credit card issuer . its a centralized type of payment so its normal that that can be hold , restricted , or anything .
thats the downside of not using a crypto . anyway did they only restrict the use for gambling but not on other stuffs ? becuase people can still abuse the card on unwanted stuffs an that can be worst too than abusing it on gambling . just my two cents .
After 14th April cant use your credit card anymore in the UK for gambling websites.
That's annoying because I like to use the credit card when online for the extra protection it gives me against bad actors.
Will we just have to use a debit card now?
https://www.gamblingcommission.gov.uk/news-action-and-statistics/news/2020/Gambling-on-credit-cards-to-be-banned-from-April-2020.aspx
How exactly does using a credit card protect you from bad actors?
I thought that chargebacks could only be applied to goods and services purchases, not gambling?
Realistically, I don't think people should be gambling with money they don't have in the first place, that's exactly how people get into debt when they end up losing.
I've seen so many people get absolutely rekt by taking out loans to gamble, then they get stuck in a cycle of taking out ever bigger loans and taking increased risks just to get back on their feet.
After 14th April cant use your credit card anymore in the UK for gambling websites.
That's annoying because I like to use the credit card when online for the extra protection it gives me against bad actors.
Will we just have to use a debit card now?
https://www.gamblingcommission.gov.uk/news-action-and-statistics/news/2020/Gambling-on-credit-cards-to-be-banned-from-April-2020.aspx
Nobody should gamble with a loan, no matter if it is 20 bucks or 2k or 20k, a loan is a loan and you should try to only play with money you own and not money you will.
After 14th April cant use your credit card anymore in the UK for gambling websites.
That's annoying because I like to use the credit card when online for the extra protection it gives me against bad actors.
Will we just have to use a debit card now?
https://www.gamblingcommission.gov.uk/news-action-and-statistics/news/2020/Gambling-on-credit-cards-to-be-banned-from-April-2020.aspx
Been reading some above and confirmed my suspicion about credit card use at casinos. I always thought it was an easy way to deposit and then bet all in on something, and if it goes bad, you call your bank and say it got hacked. Guess people really do that.
There were cases when people use their credit card for online gambling then loose their money and then call the bank to inform that their card is stolen but when you are in a real physical casino there will be video evidence that cannot be manipulated and hence i understand the risk for the credit card companies to allow them to use in online casino.
dark times are coming, my country is closing many places where gambling happened because according to my country's government they need to have a license, fortunately it is not forbidden for people to play gambling and as far as I know in my country the people can use credit and debit cards for gambling.
Maybe because, sometimes there are available card that can be purchase in the market, it is a live credit card that is using by the hackers, they will stole money from others and they cannot be trace easily, I think that is why they prohibited it, it is for the protection of everyone not only for their own advatange, we can think that it is their own way to make the country more secured in terms of gambling. dark times are coming, my country is closing many places where gambling happened because according to my country's government they need to have a license, fortunately it is not forbidden for people to play gambling and as far as I know in my country the people can use credit and debit cards for gambling.
Dark times? But not for online gamblers. Other than license issue, there should be isolation period in practice in most countries which means you cannot visit physical casino at least for next 6 months (unless otherwise there will a curing medicine for corona). So, closing of physical casino has happened at every part of the world.Only online gambling is available for gamblers and crypto based gambling is booming these days. I guess when UK government impose more strict things for their gamblers, that would enable people to adopt crypto gambling like people may buy cryptos using cards and then will gamble with cryptos. It means they will still gamble with their cards but in indirect manner.
Been reading some above and confirmed my suspicion about credit card use at casinos. I always thought it was an easy way to deposit and then bet all in on something, and if it goes bad, you call your bank and say it got hacked. Guess people really do that.
There were cases when people use their credit card for online gambling then loose their money and then call the bank to inform that their card is stolen but when you are in a real physical casino there will be video evidence that cannot be manipulated and hence i understand the risk for the credit card companies to allow them to use in online casino.
First of all gambling with your credit card quota is not a good idea, if you are going to spend from your debit card then you will be more cautious because you know it is real money but while using credit card you may get lethargic and spend as you want but only you will realize when you have to pay back.
Anyway still you can use your credit card to gamble, buy bitcoins or cryptos using your credit card then gamble on the supported casinos or sportbooks.
Anyway still you can use your credit card to gamble, buy bitcoins or cryptos using your credit card then gamble on the supported casinos or sportbooks.
I dunno I don't mind losing stinky fiat.
Risking bitcoin? feels like the pigs and chicken story and I'm the pig.
I really don't want to risk my bacon.
Risking bitcoin? feels like the pigs and chicken story and I'm the pig.
I really don't want to risk my bacon.
It's funny... I get reeally furious losing some BTC at gambling at sports, cards, dice, etc... But when it comes to trading, I lose a lot more per trade but it's like nothing. Rofl.
They have their reason for banning credit cards in gambling. I think it's reasonable enough. Credit card users may think of it as an inconvenience to them but they are only trying to reduce harm to gamblers. Personally, I don't like to use credit cards in gambling. I would prefer debit cards. We say that it's not good to gamble loaned money, but that's almost the same when you're using a credit card. It would be harder for a gambler to stop himself in gambling when he's using a credit card because he knows that he can use the money how much he wants. Unlike with debit card, it's your own money, you will be more careful spending it (this is my personal opinion).
Just like what the article says, 22% of gamblers in the UK using credit cards are problem gamblers. Well, it's for their own good. It's to prevent them from spending too much on gambling and to prevent them from being in so much debt.
Just like what the article says, 22% of gamblers in the UK using credit cards are problem gamblers. Well, it's for their own good. It's to prevent them from spending too much on gambling and to prevent them from being in so much debt.
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