Gambling using cred...
 

Gambling using credit cards to be banned in the UK from 14th April 2020  


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(@shauny007)
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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?

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 Lee
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(@Lee)
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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.

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 Scott
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@Lee

True, I think banning credit cards to a problem gambler will be nothing more than a minor inconvenience until they find another way. I am also curious if this means Paypal will not be blocked from all betting companies as you can upload funds via your credit card to Paypal.

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(@shauny007)
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@Scott

Interesting about Paypal as that is a good point regarding credit cards. Someone could upload funds from credit card to Paypal and then use it to gamble! How will they get around this.

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(@shauny007)
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@Lee

Very true, having a overdraft on a debit card could be just as damaging if not more as the daily charges would be much higher than a credit card.

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 Sam
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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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(@shauny007)
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@Sam

It did mention that lotteries would not be affected but they would have stricter rules. Not sure how that works as Camelot also have scratchcards and other things on their website which is clearly gambling.

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