A ban on using credit cards at online casinos will come into effect on the 14th April the UK Gambling Commission has announced today.
Here’s what we know so far…
Credit Card Gambling Ban
The ban which will come into effect on the 14th of April has today been announced by the UK Gambling Commission. The ban aims to tackle problem gambling as well as protecting vulnerable players. It will apply to all online and offline gambling and betting activity with the exception of “non-remote” lotteries such as the National Lottery.
The ban hopes to prevent players from getting into debt. Many vulnerable players have created huge gambling debts via credit cards. Although the Gambling Commission recognises the convenience and security of using a credit card for making payments, the risk is too great so has made a move to place a blanket ban on their use for gambling purposes.
Neil McArthur, Chief Executive, UK Gambling Commission commented:
“Credit card gambling can lead to significant financial harm. The ban that we have announced today should minimise the risks of harm to consumers from gambling with money they do not have.”
There is evidence that shows that 22% of online gamblers that use credit cards are problem gamblers. There are also examples of some consumers who have accumulated tens of thousands of pounds of debt by using credit cards at online casinos. Credit card fees can also worsen the situation with many players further chasing their losses.
While this ban may inconvenience some players, the overall aim is to protect players from gambling harm.
From the 31st March, all online gambling operators will also have to participate in the GAMSTOP scheme offering their players this service.
What does this mean for UK casino players?
From the 14th April, you will find that you can no longer use your credit card to make a deposit at an online casino. If this is your chosen payment method, you will be asked to provide different payment information. This will apply to all casinos and bookmakers offering gambling services to the UK which fall under the jurisdiction of the UK Gambling Commission.
You will need to use an alternative banking method. Most casinos will offer a variety of payment options, and this is expected to continue. These may include debit cards, e-wallets such as Neteller and Skrill and prepaid cards such as Paysafe Card. They may also provide mobile banking methods which allow you to credit your casino account directly via your mobile phone bill.
Please refer to your casino banking section for the latest updates on their available deposit methods.
Please always make sure you gamble responsibly and only gamble with money you can afford to lose.
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