Gambling using credit cards to be banned in the UK from 14th April 2020
I was reading online today that customers will not be able to use their credit card to gamble online from the 14th of April, 2020. Apparently up to 22% of online gamblers who use a credit card to fund their account are problem gamblers.
I personally have never used my credit card to fund a betting account, though I do use my debit card.
I can sort of understand why a credit card could be a bad thing as you can spend money you currently do not have, whereas with a debit card you actually need to have the funds available in your bank account.
What do you think, is this good or bad news for you?
Having a debit card does not protect you totally. I know a friend who was able to get a £3000 overdraft and he was able to waste all this online gambling using his debit card. The end result whether a credit or debit card, you can still get yourself into a lot of trouble if a problem gambler.
Does this new rule change only apply to betting companies or does it affect everything such as buying tickets on the national lottery?
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