This story was published more than 4 years ago.
This week the UK Gambling Commission's ban on credit card use for gambling has been enacted, with British punters now not able to use the cards to fund their accounts.
The ban was initially announced in January and is aimed at preventing gambling addiction and risky behaviors. Players can't use their cards to fund online accounts or to fund retail or land-based bets. There's also a ban on using credit cards to fund gambling through eWallets. The UK has been cracking down on the betting industry in an effort to protect gamblers. Last year a downgrade in betting limits for FOBT machines was enacted, with a £2 max bet per spin put in place.
UKGC CEO Neil McArthur spoke about the ban, noting: "This credit card ban will further protect consumers from financial harm and from today, nobody in Great Britain can use a credit card to gamble. It is a ban which ultimately reduces the risks of harm to consumers from gambling with money they do not have.
"The ban also comes at a vital time as we are seeing an increase in the use of some online products, such as online slots and virtual sports, and our online search analysis shows an increase in UK consumer interest in gambling products since the lockdown began.
"This is another milestone and we will continue to looking for ways to make gambling safer."
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Comments
For me that's a relevant measure from the UGKC so can't blame them to be honest...maybe just a limit on spending with credit card would it be a better idea in my opinion..but hey better a complete ban than unlimied losses..right!?
I wonder how that is going to work though..I mean how the UKGC going to control the whole process...the casinos won't ask any e-wallet depositor if they have used a credit card to fund their e-wallet..that's not their business at all in first place.
So UGKC has to work closely with the E-wallet companies and probably they will automatically ban a transaction going toward a gambling site if you have been funding your account through a credit card...but if you've been funded your account by a various different methods...that would make it more complicated I guess.. I don't know..🤔
CL - klaw
I also think it makes a lot of sense to proceed with the credit card ban, I am sure people who want to play in the UK will find other ways to deposit (such as e-wallets and others).
sharpe