UK outlaws credit card gambling from 14th April - page 2.

Latviand

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Quote from: leea-1334 on April 08, 2020, 06:48:52 AM

I have no credit card but I know friends who applied for credit cards,,, ran the max and then just never paid off their debts, this is probably one of the reasons they have banned it as a lot of people seem to be doing it. Debit cards should be fine though as that is like a direct debit into an account right?

That's a fact, for some users who uses credit card, they just leave their debt behind without even paying for it. That's is a good strategy and at the same time the reputation is affected by this, after you max your bet and if you win, that's good, but if you lose, you'll just escape the reality where you have something to pay for and that's what makes it UK to outlaw credit cards. Some gamblers are not responsible and accountable enough to spend their money wisely. That's good if they allow to use only debit card so that they can secure their gambling platform to prevent having fraud gamblers to enter their casino. It is not easy to run a gambling website as those credit card users are anonymous in some casino, that's why privacy should be shared into some authority to lessen the criminals in gambling platform.

bitcoin31

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Im not using credit card in the gambling websited and this is my first time to know that thid type of ATM . Im using only cryptocurrency I started playing gambling before until this moment . I only that you can use debit and credit card for buying crypto and you can use it on the gambling websites. That is bad news from the gambling player of the UK who use credit card.

Naida_BR

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Quote from: Globb0 on April 08, 2020, 04:42:01 AM

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

I don't think that this might affect the gambling activity of people.
The majority of gamblers do not use credit card for gambling. This is very risky because you can be in huge debt with that. On the other hand, I think that this measurement is for good in order to protect the economy.

buwaytress

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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.

I've actually opened up several accounts with UK bookies in past and signed up only with debit cards. That was hard enough for KYC!

Quote from: Globb0 on April 09, 2020, 04:00:07 AM

I really don't want to risk my bacon.

You sound the way I feel, my man.

verita1

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The article is clear and the Gambling Commission has good reason to ban credit cards from Gambling.
The losses must be staggering, in times of crisis and with the public health problem of the Coronavirus. It is necessary to take the correct measures and on time.
The good thing if a consumer uses their debit card will spend only the funds they have.

Globb0

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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.

akhjob

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I have always used Bitcoin for gambling and have never used credit/debit cards for such things. Though you might have personally be affected to some extent, as most mentioned the decision is beneficial for gambling addicts as they would face financial difficulties because of their addiction

crwth

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This would be beneficial for those who are addicted to gambling. It's a smart move because it gives more harm to the financial situation of the person. If that person is addicted, but he could still use his card to have "Cash Advance" and he would think of it as "Play Now! Pay later" scheme which could lead to difficulty in repayment.

Maybe if you still want, just use Bitcoin casinos and cash in or Buy BTC using your Credit Card. For sure there are still exchanges willing to sell their BTC.

seleme

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What about the card to card transfers from credit to a debit card? If this is not prohibited, transferring funds from cc to debit card which will be used for gambling will be an efficient solution in this case. Just my 2 cents.

adzino

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Quote from: Globb0 on April 08, 2020, 04:42:01 AM

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

They probably have their own good reason to ban making payments using credit cards when gambling.
You use credit card for online extra protection? Like you really think making online payments with your credit card is 100% safe? What about your privacy? What if your credentials gets leaked? What if your card details are used for carding and committing criminal activities?

avikz

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Quote from: Globb0 on April 08, 2020, 04:42:01 AM

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

Look at the positive side of it. If credit crd use is discontinued in gambling for UK residents, imagine the kind of boost it can provide to crypto gambling! Probably it will force a good percentage of gamblers to adopt and use cryptos in gaming websites. Just my 2 satoshis!

tokeweed

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Quote from: Globb0 on April 08, 2020, 01:42:04 PM

Quote from: tokeweed on April 08, 2020, 01:36:20 PM

Quote from: Globb0 on April 08, 2020, 08:39:36 AM

The wife gets to see the debit card statement Cheesy

lol

Lawl.

Why not use Neteller or Skrill and use your cc to fund that...? And I wonder why ewallets never caught on as a funding option for BTC exchanges.. One of the things that they should be looking into imo.

I think you are right. Ill re enable paypal as a spend channel

I never saw Paypal as an option for gambling sites. It's mostly Neteller and Skrill. They're the most popular.

mu_enrico

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Quote from: Globb0 on April 08, 2020, 04:42:01 AM

use the credit card when online for the extra protection it gives me against bad actors.

Dude, just curious... I got the impression that credit card is riskier because of carding/hacking, and people usually prefer Neteller/Skrill if they play in a less reputable site.

Anyway, this ban will affect major betting websites for sure. Opportunity for Bitcoin?

Globb0

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Quote from: tokeweed on April 08, 2020, 01:36:20 PM

Quote from: Globb0 on April 08, 2020, 08:39:36 AM

The wife gets to see the debit card statement Cheesy

lol

Lawl.

Why not use Neteller or Skrill and use your cc to fund that...? And I wonder why ewallets never caught on as a funding option for BTC exchanges.. One of the things that they should be looking into imo.

I think you are right. Ill re enable paypal as a spend channel

tokeweed

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Life, Love and Laughter...

Quote from: Globb0 on April 08, 2020, 08:39:36 AM

The wife gets to see the debit card statement Cheesy

lol

Lawl.

Why not use Neteller or Skrill and use your cc to fund that...? And I wonder why ewallets never caught on as a funding option for BTC exchanges.. One of the things that they should be looking into imo.

20kevin20

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I agree with their decision. They banned it at the right time. I guess some people are way more vulnerable now than usually, the pandemic affects us in all ways possible and does influence some choices.. most of the time, it's a negative influence.

On the other hand, this once again shows the power of decentralization - try banning us from using cryptocurrencies to gamble. Oh wait, you can't. And even if they did, we'd most likely develop some decentralized gambling platform if there isn't any already out there.

Raflesia

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Is this a lot of scamer or theft? gambling so that credit card blocking on gambling sites will be blocked by the UK, hmm a little surprised even though credit cards are always widely used to do gambling with credit cards so that it will be easier for them to use it. Btw is this an absolute decision?

I think there is still the best way to do it with crypto very easily you will do anything for crypto gambling.

Globb0

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The wife gets to see the debit card statement Cheesy

lol

slackovic

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Quote from: BIT-BENDER on April 08, 2020, 07:15:55 AM

Am just learning about this. There might be chances that UK government a taking in consideration the possibility of getting scammed. You can find gambling site asking for very private information about your credit card with intentions of Internet robbery.
Well Bitcoin paying site will still go on which is the reason some of us are here

I saw that one user wrote that people will be able to use their debit cards. Do you think that a credit card info can get stolen and debit card not? I think there is no difference. If someone steals your debit card number, exp. date and CVC, they can steal your money too.

BIT-BENDER

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Am just learning about this. There might be chances that UK government a taking in consideration the possibility of getting scammed. You can find gambling site asking for very private information about your credit card with intentions of Internet robbery.
Well Bitcoin paying site will still go on which is the reason some of us are here

Topic: UK outlaws credit card gambling from 14th April - page 2. (Read 378 times)