Bitcoin Forum

After 14th April cant use your credit card anymore in the UK for gambling websites.


That's annoying because I like to use the credit card when online for the extra protection it gives me against bad actors.


Will we just have to use a debit card now?


https://www.gamblingcommission.gov.uk/news-action-and-statistics/news/2020/Gambling-on-credit-cards-to-be-banned-from-April-2020.aspx

dark times are coming, my country is closing many places where gambling happened because according to my country's government they need to have a license, fortunately it is not forbidden for people to play gambling and as far as I know in my country the people can use credit and debit cards for gambling.

Well, some will probably stick to Bitcoin. Or maybe they'll start learning about anonymous coins too.
You know that especially the wrongly done regulations can easily be avoided by people with a little imagination.

The only bad part is that crypto does an awfully poor job on "protection against bad actors".

I have no credit card but I know friends who applied for credit cards,,, ran the max and then just never paid off their debts, this is probably one of the reasons they have banned it as a lot of people seem to be doing it. Debit cards should be fine though as that is like a direct debit into an account right?

well, there's always crypto
and the interesting fact about it is that they'll never be able to block crypto transactions

so you can still buy crypto with your credit card and gamble with crypto, right?

Presumably unless they use this as another excuse to block the purchasing of crypto with credit cards

Am just learning about this. There might be chances that UK government a taking in consideration the possibility of getting scammed. You can find gambling site asking for very private information about your credit card with intentions of Internet robbery.
Well Bitcoin paying site will still go on which is the reason some of us are here

I saw that one user wrote that people will be able to use their debit cards. Do you think that a credit card info can get stolen and debit card not? I think there is no difference. If someone steals your debit card number, exp. date and CVC, they can steal your money too.

The wife gets to see the debit card statement   :D 

lol

Is this a lot of scamer or theft? gambling so that credit card blocking on gambling sites will be blocked by the UK, hmm a little surprised even though credit cards are always widely used to do gambling with credit cards so that it will be easier for them to use it. Btw is this an absolute decision?

I think there is still the best way to do it with crypto very easily you will do anything for crypto gambling.

I agree with their decision. They banned it at the right time. I guess some people are way more vulnerable now than usually, the pandemic affects us in all ways possible and does influence some choices.. most of the time, it's a negative influence.

On the other hand, this once again shows the power of decentralization - try banning us from using cryptocurrencies to gamble. Oh wait, you can't. And even if they did, we'd most likely develop some decentralized gambling platform if there isn't any already out there. :)

Lawl.  :D

Why not use Neteller or Skrill and use your cc to fund that...?  And I wonder why ewallets never caught on as a funding option for BTC exchanges..  One of the things that they should be looking into imo.

I think you are right. Ill re enable paypal as a spend channel

Dude, just curious... I got the impression that credit card is riskier because of carding/hacking, and people usually prefer Neteller/Skrill if they play in a less reputable site.

Anyway, this ban will affect major betting websites for sure. Opportunity for Bitcoin?

I never saw Paypal as an option for gambling sites.  It's mostly Neteller and Skrill.  They're the most popular.

Look at the positive side of it. If credit crd use is discontinued in gambling for UK residents, imagine the kind of boost it can provide to crypto gambling! Probably it will force a good percentage of gamblers to adopt and use cryptos in gaming websites. Just my 2 satoshis!

They probably have their own good reason to ban making payments using credit cards when gambling.
You use credit card for online extra protection? Like you really think making online payments with your credit card is 100% safe? What about your privacy? What if your credentials gets leaked? What if your card details are used for carding and committing criminal activities?

What about the card to card transfers from credit to a debit card? If this is not prohibited, transferring funds from cc to debit card which will be used for gambling will be an efficient solution in this case. Just my 2 cents.

This would be beneficial for those who are addicted to gambling. It's a smart move because it gives more harm to the financial situation of the person. If that person is addicted, but he could still use his card to have "Cash Advance" and he would think of it as "Play Now! Pay later" scheme which could lead to difficulty in repayment.

Maybe if you still want, just use Bitcoin casinos and cash in or Buy BTC using your Credit Card. For sure there are still exchanges willing to sell their BTC.

I have always used Bitcoin for gambling and have never used credit/debit cards for such things. Though you might have personally be affected to some extent, as most mentioned the decision is beneficial for gambling addicts as they would face financial difficulties because of their addiction

I dunno I don't mind losing stinky fiat.

Risking bitcoin?  feels like the pigs and chicken story and I'm the pig.




I really don't want to risk my bacon.    :)

The article is clear and the Gambling Commission has good reason to ban credit cards from Gambling.
The losses must be staggering, in times of crisis and with the public health problem of the Coronavirus. It is necessary to take the correct measures and on time.
The good thing if a consumer uses their debit card will spend only the funds they have.

Been reading some above and confirmed my suspicion about credit card use at casinos. I always thought it was an easy way to deposit and then bet all in on something, and if it goes bad, you call your bank and say it got hacked. Guess people really do that.

I've actually opened up several accounts with UK bookies in past and signed up only with debit cards. That was hard enough for KYC!


You sound the way I feel, my man.

I don't think that this might affect the gambling activity of people.
The majority of gamblers do not use credit card for gambling. This is very risky because you can be in huge debt with that. On the other hand, I think that this measurement is for good in order to protect the economy.

Im not using credit card in the gambling websited and this is my first time to know that thid type of ATM . Im using only cryptocurrency I started playing gambling before until this moment . I only that you can use debit and credit card for buying crypto and you can use it on the gambling websites. That is bad news from the gambling player of the UK who use credit card.

That's a fact, for some users who uses credit card, they just leave their debt behind without even paying for it. That's is a good strategy and at the same time the reputation is affected by this, after you max your bet and if you win, that's good, but if you lose, you'll just escape the reality where you have something to pay for and that's what makes it UK to outlaw credit cards. Some gamblers are not responsible and accountable enough to spend their money wisely. That's good if they allow to use only debit card so that they can secure their gambling platform to prevent having fraud gamblers to enter their casino. It is not easy to run a gambling website as those credit card users are anonymous in some casino, that's why privacy should be shared into some authority to lessen the criminals in gambling platform.

They have their reason for banning credit cards in gambling. I think it's reasonable enough. Credit card users may think of it as an inconvenience to them but they are only trying to reduce harm to gamblers. Personally, I don't like to use credit cards in gambling. I would prefer debit cards. We say that it's not good to gamble loaned money, but that's almost the same when you're using a credit card. It would be harder for a gambler to stop himself in gambling when he's using a credit card because he knows that he can use the money how much he wants. Unlike with debit card, it's your own money, you will be more careful spending it (this is my personal opinion).

Just like what the article says, 22% of gamblers in the UK using credit cards are problem gamblers. Well, it's for their own good. It's to prevent them from spending too much on gambling and to prevent them from being in so much debt.

It's funny...  I get reeally furious losing some BTC at gambling at sports, cards, dice, etc...  But when it comes to trading, I lose a lot more per trade but it's like nothing.  Rofl.

First of all gambling with your credit card quota is not a good idea, if you are going to spend from your debit card then you will be more cautious because you know it is real money but while using credit card you may get lethargic and spend as you want but only you will realize when you have to pay back.

Anyway still you can use your credit card to gamble, buy bitcoins or cryptos using your credit card then gamble on the supported casinos or sportbooks.

There were cases when people use their credit card for online gambling then loose their money and then call the bank to inform that their card is stolen but when you are in a real physical casino there will be video evidence that cannot be manipulated and hence i understand the risk for the credit card companies to allow them to use in online casino.

Dark times? But not for online gamblers. Other than license issue, there should be isolation period in practice in most countries which means you cannot visit physical casino at least for next 6 months (unless otherwise there will a curing medicine for corona). So, closing of physical casino has happened at every part of the world.

Only online gambling is available for gamblers and crypto based gambling is booming these days. I guess when UK government impose more strict things for their gamblers, that would enable people to adopt crypto gambling like people may buy cryptos using cards and then will gamble with cryptos. It means they will still gamble with their cards but in indirect manner.

Maybe because, sometimes there are available card that can be purchase in the market, it is a live credit card that is using by the hackers, they will stole money from others and they cannot be trace easily, I think that is why they prohibited it, it is for the protection of everyone not only for their own advatange, we can think that it is their own way to make the country more secured in terms of gambling.

This ban isn't about carding or deliberate scam. It's about gambling with debt money. You know the responsible gambling getting more supporters every day, so the lawmaker do what they do best, i.e., to take a little bit of your freedom, and burn it for the greater good ;D

I know that people do not like the idea of being controlled and be told what to do with their money but in this case the money in a credit card is not yours, that money belongs to the bank, so it makes sense they put restrictions on how you use that money and while I do not like credit cards they can be a useful thing when used to get something that you really need to do right now, like repairing your car, however its use is not justified when it comes to gambling and I agree with this measure because it could curb the economic problems addicted gamblers may face in the future.

Makes sense honestly, if you do not have the money directly that means maybe you shouldn't gamble at all? Think about it, if you are spending money from the credit card that means you are taking a small loan, I know people do not consider credit card debt as "loans" but in reality they actually are, that is when you lack money and you are using money you do not have that you get from the bank and then you pay it back to bank eventually, which is literally a loan, the amount is quite low compared to real big loans but it is still loan.

Nobody should gamble with a loan, no matter if it is 20 bucks or 2k or 20k, a loan is a loan and you should try to only play with money you own and not money you will.

How exactly does using a credit card protect you from bad actors?

I thought that chargebacks could only be applied to goods and services purchases, not gambling?

Realistically, I don't think people should be gambling with money they don't have in the first place, that's exactly how people get into debt when they end up losing.

I've seen so many people get absolutely rekt by taking out loans to gamble, then they get stuck in a cycle of taking out ever bigger loans and taking increased risks just to get back on their feet.

they dont have a choice but to follow whatever rules made by thier credit card issuer   . its a centralized type of payment so its normal that that can be hold , restricted , or anything   .

 thats the downside of not using a crypto  . anyway did they only restrict the use for gambling but not on other stuffs  ? becuase people can still abuse the card on unwanted stuffs an that can be worst too than abusing it on gambling    .  just my two cents   .

South Park has good points here. I think credit card issuers made this decision because of some valid reasons. They won't make this decision without doing any study first. Maybe a lot of gamblers already incurred huge debt from their end. Also, this will help degenerate gamblers control their expenditures when it comes to gambling. At least they will not be in deep debt anymore from these credit card companies if they will be using their debit cards this time. So don't take the move as negative, look for the positive impact of it on your financial aspect.

This would give way for crypto to dominate more in the gambling industry, people who are using credit card has no option now, they need to find a good alternative and I think crypto would be a great one, however, it's like a debit card as you can't gamble without a balance in your bank or your wallet.

Gambling sites that accept cryptocurrencies are the best choice for gambling players, I think this is not a bad news, this is opening the way for increasingly adopted cryptocurrencies

credit cards are evil, the money printed on the credit card does not belong to the person who has the credit card, there will always be a strong desire for a credit card holder to spend the money that is on his card

I think you are missing my point, it is true that a centralized entity can do whatever they want and most of the time they can get away with it, but in this case even if they are taking an unilateral decision that will affect their clients it seems to me they are completely entitled to do so as they are taking this decision when it comes to credit cards and the money there is not yours to begin with, it is a line of credit that you have available in the case you really need it for some really important reason and in my opinion gambling does not qualify as an important reason.

Bwahahahahaaaaaa for some really important reason lol lol

Money they are desperate to lend you no matter what

Looks like they are closing the gap for everything and not just for online betting.
I can expect to see more bans for doing other things online, because they need strict control and surveillance

Because they create money from nowhere and lend money to people then they will make interest and they will lend that money which made from interest to other people and the process keep going forever.

This was really creating big problems but good thing now all ends and no one able to use this for gambling purpose hopefully we will have some more good decisions in near future about gambling.

The real reason behind this is not to stop people from gambling, its just to increase their tax income flow which will be lessen if people spend that money on gambling all they wanted to spend on things like products like any consumables.