Ban on credit card deposits about to be announced
Yeah, why they have been allowed in the first place I'll never know!
There was talk it could result in a increase in higher interest ways like using payday loans but they (gaming commission) felt it's the impulse part that credit cards offer that's the problem
There was talk it could result in a increase in higher interest ways like using payday loans but they (gaming commission) felt it's the impulse part that credit cards offer that's the problem
Personally think credit cards should be banned full stop, I cant think of any good reason for them... saying that, I think this move is pointless, surely all it takes is to link your cc to your PayPal and deposit that way. There will be a workaround and if there isn't, one will be found such as payday loans like mentioned, it's sad but imo people should also be taking accountability for their own actions, probably not a popular view but it's what I think.
The subject of using PayPal and e-wallets was raised but in the report I heard earlier there wasn't a definitive answer as to whether these would be included in the ban - if not it will certainly provide a workaround for those wanting to still use a CC.
It's a can of worms imo & should be left to the individual account holder to be responsible for their own life... people will just balance transfer, unless the gambling commission wants to look at the history of where your money frim the account you deposited came from then it's pointless, but also, its allowing these betting firms off the hook once again, people who are negative 1000s are still allowed to bet but with a choice of unlimited places to bet it then comes back to the individual. I see no end to the issue of problem gamblers, the issue I see is how far does a commission look into my life because some cant be accountable for theirs & want to cry victim and not accept their own actions.
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wearthefoxhat
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It could also be that Credit Cards are classed as a secondary debt. (along with Payday Loans, unsecured bank loans)
If someone knew they were beyond the point of no return, ie: verge of bankruptcy or about to set up a Debt Relief Order (DRO), then they are more likely to have one last punt and knowing that there will no chance of the credit card/loan company getting their money anyway....maybe @ £1 a month if they're lucky.
If someone knew they were beyond the point of no return, ie: verge of bankruptcy or about to set up a Debt Relief Order (DRO), then they are more likely to have one last punt and knowing that there will no chance of the credit card/loan company getting their money anyway....maybe @ £1 a month if they're lucky.
According to the Guardian they probably will be.
https://www.theguardian.com/business/20 ... -card-betsThe consultation that led to the commission’s decision included e-wallets, indicating that payment services such as PayPal will probably be included in the ban. The Guardian revealed last year that such providers had allowed problem gamblers to circumvent banking limits and spend up to £150,000 a day.
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wearthefoxhat
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Yes. One example would be draw cash from their credit card (knowing the extra cost of doing so), put it into their normal bank account, send the money across to their gambling account using their normal debit card that's registered on the site.
The assumption that they can control everyone who wants to gamble, is the wrong approach. The KYC rules are the best way, as it at least gives the option of a dialogue, and still gives the person the overall decision to proceed. (also covers most money laundering practises)
April 2020
https://www.gamblingcommission.gov.uk/n ... april-2020
It won't work as the problem gamblers will just find another way to gamble. The credit card isn't the issue.
https://www.gamblingcommission.gov.uk/n ... april-2020
It won't work as the problem gamblers will just find another way to gamble. The credit card isn't the issue.
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wearthefoxhat
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Also, the research data sample isn't exactly far reaching.Euler wrote: ↑Tue Jan 14, 2020 8:53 amApril 2020
https://www.gamblingcommission.gov.uk/n ... april-2020
It won't work as the problem gamblers will just find another way to gamble. The credit card isn't the issue.
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The ban will apply to all online and offline gambling products except lotteries that are run for good causes. These lotteries will have to provide a significant layer of additional protection to vulnerable people. The commission said that tickets for these lotteries, as well as for the National Lottery, can be bought using credit cards in supermarkets and newsagents as long as they are purchased with other products. It said it would be a "disproportionate burden on retailers" to stop credit card payments if the tickets were part of a wider shop, but said lotteries had the lowest problem gambling rate.
I've seen people getting a couple of lottery tickets and I'm thinking 'oh that's probably only a couple of quid' and it ends up being £20!Euler wrote: ↑Tue Jan 14, 2020 9:45 amThe ban will apply to all online and offline gambling products except lotteries that are run for good causes. These lotteries will have to provide a significant layer of additional protection to vulnerable people. The commission said that tickets for these lotteries, as well as for the National Lottery, can be bought using credit cards in supermarkets and newsagents as long as they are purchased with other products. It said it would be a "disproportionate burden on retailers" to stop credit card payments if the tickets were part of a wider shop, but said lotteries had the lowest problem gambling rate.
Absolutely crazy
this post re-affirmed yet again how impatient i am regards lottery in general.Naffman wrote: ↑Tue Jan 14, 2020 9:47 amI've seen people getting a couple of lottery tickets and I'm thinking 'oh that's probably only a couple of quid' and it ends up being £20!Euler wrote: ↑Tue Jan 14, 2020 9:45 amThe ban will apply to all online and offline gambling products except lotteries that are run for good causes. These lotteries will have to provide a significant layer of additional protection to vulnerable people. The commission said that tickets for these lotteries, as well as for the National Lottery, can be bought using credit cards in supermarkets and newsagents as long as they are purchased with other products. It said it would be a "disproportionate burden on retailers" to stop credit card payments if the tickets were part of a wider shop, but said lotteries had the lowest problem gambling rate.
Absolutely crazy
in our local shop you can have 2 peeps queuing in front of you to pay for their stuff. it all looks good until you hear the immortal words, "I'll have two number 5's a number 7 and 2 number 8's" (I made those ticket types up - i don't know what the hell they are). They then get the tickets and slowly open them all up at the counter. 5 minutes later, they've discovered that they've won £10... Yup, rinse and repeat!! Sigh....