UKGC announced ban on gambling with credit cards

[ValDes]

Heya, 

Thought this one deserves a special forum attention!  

https://www.gamblingcommission.gov.uk/news-action-and-statistics/news/news.aspx

Your thoughts? 

[Flatzem]

not good, this is more restrictions by governments (and some people are celebrating it) , there's people that prefer to use credit cards for deposits/withdrawals as they don't want to give casinos access to their bank accounts via debit cards.

[Fiekie247]

So what now? Wire transfer and E-wallets or isnt e-wallets restricted already?

@pinnit2015 - Does this affect you, or you use Debit card right?

I think there is mixed feelings about this one in general. Some people like the idea for the simple fact that you should not gamble with money you don't have, where others feels  they always have a backup plan for funds should the monthly normal ''Salaried" budget be finished. - Or that is my view on it...

I think I am with the fact that Credit cards are being banned, as long as debit cards can be used, because people just get more in debt by using the credit card funds, which are not entirely rightfully theirs, which is in fact protecting a punter from drowning in debt? Do I make sense?

[pinnit2015]

You shouldn’t gamble with money you don’t have but tbh you could apply that to any purchase: what about going on Holiday that I can’t afford by putting it on a credit card?

It will curb the tilt sessions of some but that’s as far as it goes IMO; for example I can do an online transfer from CC to current account and it’s available immediately for playing... so even that’s limited.

Bit meh about it tbh...

[pinnit2015]

I use a debit card from a bank account that’s purely for gambling....

[pinnit2015]

Think Gamstops going to be made mandatory as well come April

To be honest if you’re in the UK with all the various deposit methods there is little reason to deposit with a CC; cash advance fees and higher interest rates (I don’t think those who choose to do it is based on not wanting to give debit cards details) so that possibly leaves the issue that they addressing, who knows...

[pinnit2015]

29 minutes ago, Flatzem said:

not good, this is more restrictions by governments (and some people are celebrating it) , there's people that prefer to use credit cards for deposits/withdrawals as they don't want to give casinos access to their bank accounts via debit cards.

They shouldn’t have ‘access’ to it as, if PCI compliant they shouldn’t be storing the data anyhow. 

[cocopop3011]

3 hours ago, ValDes said:

Heya, 

Thought this one deserves a special forum attention!  

https://www.gamblingcommission.gov.uk/news-action-and-statistics/news/news.aspx

Your thoughts? 

Excellent news! Anyone who has been here a while may remember me saying a few times that the use of credit cards should not be allowed in a casino. An addict who may already have spent any money they have can use a credit card which is money they don't have and probably are not going to pay back. So it's just feeding their habit and getting them further into debt. Use a debit card if you have money in the bank and if you don't then it's time to stop so I really think this latest push is a good idea for the UK. 

I am not against credit cards and I knew that politicians where trying to get this passed so I for on am thrilled to hear the news. So, how are they going to enforce this then? Are all CC's MasterCard?

[cocopop3011]

1 hour ago, Flatzem said:

not good, this is more restrictions by governments (and some people are celebrating it) , there's people that prefer to use credit cards for deposits/withdrawals as they don't want to give casinos access to their bank accounts via debit cards.

But tht's probabbly a small percentage, the larger portion of the population are probabbly using them simply becuse they don't have any other money they can use so turn to creditors instead.

[cocopop3011]

1 hour ago, Fiekie247 said:

So what now? Wire transfer and E-wallets or isnt e-wallets restricted already?

@pinnit2015 - Does this affect you, or you use Debit card right?

I think there is mixed feelings about this one in general. Some people like the idea for the simple fact that you should not gamble with money you don't have, where others feels  they always have a backup plan for funds should the monthly normal ''Salaried" budget be finished. - Or that is my View on it...

I think I am with the fact that Credit cards are being banned, as long as debit cards can be used, because people just get more in debt by using the credit card funds, which are not entirely rightfully theirs, which is in fact protecting a punter from drowning in debt? Do I make sense?

Perfect sense! No one liked to play as much as I used to. Then when my family started growing and my money had to be spent on other things I just had to accept that I have to play less. Luckily for me I've never had thoughts of turning to my credit card and have been able to stay in control. No money. No play. There's so many people who don't have that control, this can only be good for the UK. IMHO of course. 

[ValDes]

The way it goes won't be surprised at all if it happens that to be allowed to gamble online in let's say 2025 one must: 

- prove at least £100,000  in savings as a min requirement to open a casino account;

- provide DNA sample to prove that his/her DNA does not contain 'bad' genes, a.k.a. as 'problem gambling' genes;

-  go through extensive psycho-tests (and pass these successfully of course) to be allowed to play for more than 60 mins per day and no more than 2 days per week and no more than one week per month and and no more than 3 months per year and and no more than one year per decade...;

- provide valid evidence that the estimated inheritance in their family worth min £1,000,000 to be allowed to increase the default deposit limit of £50 to £100 per month! 

[cocopop3011]

4 minutes ago, ValDes said:

The way it goes won't be surprised at all if it happens that to be allowed to gamble online in let's say 2025 one must: 

- prove at least £100,000  in savings as a min requirement to open a casino account;

- provide DNA sample to prove that his/her DNA does not contain 'bad' genes, a.k.a. as 'problem gambling' genes;

-  go through extensive psycho-tests (and pass these successfully of course) to be allowed to play for more than 60 mins per day and no more than 2 days per week and no more than one week per month and and no more than 3 months per year and and no more than one year per decade...;

- provide valid evidence that the estimated inheritance in their family worth min £1,000,000 to be allowed to increase the default deposit limit of £50 to £100 per month! 

Awww Gees!! I better find a rich man in the next 5 years then and trade my partner in

[pinnit2015]

Can you still fund E wallets via Credit Card though? 

[pinnit2015]

1 hour ago, cocopop3011 said:

But tht's probabbly a small percentage, the larger portion of the population are probabbly using them simply becuse they don't have any other money they can use so turn to creditors instead.

Very small I’d say. 
 

After all, you give a casino your ID and address etc.

[pinnit2015]

Just the start... there’s going to be a full Review of the Gambling Act which will mean more changes...

Probably best folk sometimes be careful what they wish for; those loving the cap of FOBTs max stakes probably won’t like the possible online stakes being capped.

Open the gates to the castle and all that

[cocopop3011]

49 minutes ago, pinnit2015 said:

Can you still fund E wallets via Credit Card though? 

Seems so... 

[Flatzem]

1 hour ago, pinnit2015 said:

Just the start... there’s going to be a full Review of the Gambling Act which will mean more changes... 

Probably best folk sometimes be careful what they wish for; those loving the cap of FOBTs max stakes probably won’t like the possible online stakes being capped. 

 Open the gates to the castle and all that 

like that saying goes first they came for the FOBTS capping stakes and I did not speak out cause I was not a FOBT player, then they came for the credit cards and I did not speak out, cause I didn't use credit cards.. then they came for the online slot bet limits >2.00  and I did not speak out cause I was not a slots high roller/streamer and so on it goes.. little by little they use the the totalitarian tiptoe, not all in one go because then people would see what is happening but you do it in stages.

[pinnit2015]

2 hours ago, cocopop3011 said:

Seems so... 

They'll need to ban E Wallets then as well....

All in the pursuit of protecting folk from themselves

[cocopop3011]

1 minute ago, pinnit2015 said:

They'll need to ban E Wallets then as well....

All in the pursuit of protecting folk from themselves

Could end up being a major blow for so many people, but I am still in favour. 

[pinnit2015]

It's a fine balance: there's a massive jump from protecting consumers to an extent and regulatory creep.

Eg. It's good that casinos have had to review t's and c's to shove them in the consumers face, unambiguous etc - protects consumer, good.  Same for complying with advertising standards IMO.

The elephant in the room though isn't CC's - it's Self Exclusion and, as Valdes has said, the massive fraud we have (PLAYER) in the UK.  

Plus, kinda boils down to your view of how involved government should be in your day to day life and to what extent you want them impinging on your choices. 

Personally the CC thing bypasses me on a practical level - the worrying thing is how many arms and legs it's going to grow.

Counter argument i suppose is that these addictions impact on everyone - from employers to increased mental health costs in the NHS, so anything that could be done, should be.

Walking a tightrope. 

Will it help? Possibly. Will it be material in addressing certain issues? Probably not.

It's coming to a watershed moment in the UK re gambling. 

[cocopop3011]

2 minutes ago, pinnit2015 said:

It's a fine balance: there's a massive jump from protecting consumers to an extent and regulatory creep.

Eg. It's good that casinos have had to review t's and c's to shove them in the consumers face, unambiguous etc - protects consumer, good.  Same for complying with advertising standards IMO.

The elephant in the room though isn't CC's - it's Self Exclusion and, as Valdes has said, the massive fraud we have (PLAYER) in the UK.  

Plus, kinda boils down to your View of how involved government should be in your day to day life and to what extent you want them impinging on your choices. 

Personally the CC thing bypasses me on a practical level - the worrying thing is how many arms and legs it's going to grow.

Counter argument i suppose is that these addictions impact on everyone - from employers to increased mental health costs in the NHS, so anything that could be done, should be.

Walking a tightrope. 

Will it help? Possibly. Will it be material in addressing certain issues? Probably not.

It's coming to a watershed moment in the UK re gambling. 

Yep, dire straits are certainly on the horizon. 

[pinnit2015]

Just now, cocopop3011 said:

Yep, dire straits are certainly on the horizon. 

Which links in well with Player Fraud and SE

 

[ValDes]

13 hours ago, pinnit2015 said:

It's a fine balance: there's a massive jump from protecting consumers to an extent and regulatory creep.

Eg. It's good that casinos have had to review t's and c's to shove them in the consumers face, unambiguous etc - protects consumer, good.  Same for complying with advertising standards IMO.

The elephant in the room though isn't CC's - it's Self Exclusion and, as Valdes has said, the massive fraud we have (PLAYER) in the UK.  

Plus, kinda boils down to your View of how involved government should be in your day to day life and to what extent you want them impinging on your choices. 

Personally the CC thing bypasses me on a practical level - the worrying thing is how many arms and legs it's going to grow.

Counter argument i suppose is that these addictions impact on everyone - from employers to increased mental health costs in the NHS, so anything that could be done, should be.

Walking a tightrope. 

Will it help? Possibly. Will it be material in addressing certain issues? Probably not.

It's coming to a watershed moment in the UK re gambling. 

There's a veeeery thin red line between regulation and over-regulation IMHO. Once you've crossed it once and no one reacted accordingly, it means you have a clear horizon to do whatever you want. All you need to do is to dress your actions into an acceptable shape, form and wording for the public and there you go, unleash your wildest imagination and let the countless experiments begin... 

And the truth is so simple and evident, but unfortunately no one among the responsible persons is not interested seeing it. And  the truth in my humble opinion is that none of the countless experiments won't work until the UK society start demanding responses to questions such as:

Who is responsible for allowing the 'culture of gambling' to become part of everyday's life of 80% of UK & ROI citizens? 

Where were the responsible institutions during these two decades of spreading the 'gambling disease'?

There's no future without knowing your past. 

 

 

[pinnit2015]

All jumping on the bandwagon
 

The head of mental health services in England has written to five major gambling companies, demanding urgent action on tackling gambling addiction and its impact on people's health.

Claire Murdoch said incentives like VIP treatment should be banned to stop the "vicious gambling cycle".

 

[cocopop3011]

The UK Bans Credit Cards For Online Gambling - What You Need to Know - Pretty much everything we have already touched on in here but thought it would be a good idea to link the two. 

And to also touch on our earlier discussion about e-wallets - 

Quote

Will E-Wallets be Effected?

The new ban will limit players to their debit cards to prevent them from overextending themselves. The consultation which led to the commission’s decision also included the use of e-wallets. This is indicating that payment services such as PayPal are likely to be included in the ban but the Commission will unveil more rules in the coming months.