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Author Topic: UK outlaws credit card gambling from 14th April  (Read 466 times)
South Park
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April 14, 2020, 03:26:39 PM
 #41

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.

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   .
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.
Globb0 (OP)
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April 14, 2020, 03:45:37 PM
 #42



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



Bwahahahahaaaaaa for some really important reason lol lol

Money they are desperate to lend you no matter what
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April 14, 2020, 04:26:27 PM
 #43

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

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semobo
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April 14, 2020, 05:09:25 PM
Merited by Globb0 (2)
 #44



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



Bwahahahahaaaaaa for some really important reason lol lol

Money they are desperate to lend you no matter what

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.
BitSat19
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April 14, 2020, 08:09:31 PM
 #45



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



Bwahahahahaaaaaa for some really important reason lol lol

Money they are desperate to lend you no matter what

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.
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April 15, 2020, 06:23:36 AM
 #46

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.
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