Credit cards and gambling (tabcorp, Australia)

[Hamphser]

Well, I agree with the banning of credit cards in gambling because that is very tempted to borrow cash from the bank just to gamble.
It should always gamble of what they can afford and not the fund that they borrowed just to gamble and I don't see the problem there, in fact --this has a good impact between the gamblers and the casino owners, it has a fewer chance that you will become a burden by a debt. The government will take action if they saw that this is not good for the community even though there is revenue but in exchange for damaging people life once they are addicted to it.

Most people will not get revenue from the gambling games instead of losing their money for the most. Maybe the banks and the government do not want people to lose their money because of using credit cards to play gambling. The banning of credit cards can protect people from using them for the wrong purpose, such as playing gambling. But that can attract people to search for the other way to keep playing gambling so the government and the banks should be aware of that.

But that is the issue here, if we were talking about debit cards then this would bother me because as long as you are using your money in an activity that is legal then you should be free to use your money in whatever way you want.

But they are banning the use of credit cards for gambling, if a person borrowed money from a friend with the excuse he was short on cash to pay rent or other necessities and instead they gambled that money away we will think that to be wrong and the same is happening here, those that are gambling with credit cards are doing so with money that is not theirs so the banks are withing their rights to disallow this use if that is what they want.

For sure Banks are pretty aware on how things had been done because this is something that have its pro's and con's because people could really make use their credit cards whatever purpose it maybe and for sure

banks do know that it could possibly be used on gambling.They should have prohibited it on the first place if they dont really allow on using it on gambling neither also in debit cards too if they are really intently just
make use for other purpose.

They do came into such extent where banning would be only the solution and for sure banks do really agree on that.

[1714787113]

1714787113

[1714787113]

1714787113

[DarkDays]

And if they know that there are abusing the credit card from the user, they can know because they will have a way to track the account and investigate. Even if the banks and the government prohibit using credit cards for gambling, the gambler will not have a problem because they will use the other way to continue gambling.

Yes, there will be no point in using credit cards for gambling the concept just doesn't add up to me. Governments want to crack down gambling itself so why then support a system i.e. banks that can provide credit cards to gamblers, possibly one of the most unreliable customers you could have.

In short, I find it problematic for both credit card providers as much as for the gamblers themselves due to their activities being ttracked as clear as day, which may even extend to affecting their credit card history.

[Fatunad]

And if they know that there are abusing the credit card from the user, they can know because they will have a way to track the account and investigate. Even if the banks and the government prohibit using credit cards for gambling, the gambler will not have a problem because they will use the other way to continue gambling.

Yes, there will be no point in using credit cards for gambling the concept just doesn't add up to me. Governments want to crack down gambling itself so why then support a system i.e. banks that can provide credit cards to gamblers, possibly one of the most unreliable customers you could have.

In short, I find it problematic for both credit card providers as much as for the gamblers themselves due to their activities being ttracked as clear as day, which may even extend to affecting their credit card history.

There's no need for a ban but rather a more strict monitoring out of those credit card users which had really involved in gambling.Banks could able to do such thing and if there's banning then its clearly
theres mo reason behind that decision because they cant just impose any bans without any depth reason to do so.If they dont like gambling then they could ban it directly without attaching out
credit cards because we know that this isnt only the sole purpose on why credit cards exist on the first place.

[agustina2]

And if they know that there are abusing the credit card from the user, they can know because they will have a way to track the account and investigate. Even if the banks and the government prohibit using credit cards for gambling, the gambler will not have a problem because they will use the other way to continue gambling.

Yes, there will be no point in using credit cards for gambling the concept just doesn't add up to me. Governments want to crack down gambling itself so why then support a system i.e. banks that can provide credit cards to gamblers, possibly one of the most unreliable customers you could have.

In short, I find it problematic for both credit card providers as much as for the gamblers themselves due to their activities being ttracked as clear as day, which may even extend to affecting their credit card history.

There's no need for a ban but rather a more strict monitoring out of those credit card users which had really involved in gambling.Banks could able to do such thing and if there's banning then its clearly
theres mo reason behind that decision because they cant just impose any bans without any depth reason to do so.If they dont like gambling then they could ban it directly without attaching out
credit cards because we know that this isnt only the sole purpose on why credit cards exist on the first place.

Bank-issuing cards can just restrict gambling-related transactions. But you know, it will be easy for gambling sites to just ban it totally but since banks have different policies, it's now up for banks to do the job of banning credit card users. And not all do have credit cards that's why for me, it's not really alarming unless gambling sites have the record that most transactions on their platforms are with the use of credit cards.

[harizen]

banks do know that it could possibly be used on gambling.They should have prohibited it on the first place if they dont really allow on using it on gambling

I doubt banks will prohibit something against their advantage. More usage of credit cards, the more interest they will get. The hard regulations might be the reason why banks are opting out the credit card transactions on gambling sites because of money laundering or anything along those lines.

But whatever it is, gambling sites should not be affected if credit card transactions will be ban. Also, a right way as some credit cardholders can't resist the temptation of using it more because they can't feel the pressure of hard spending as no money physically is involved.

[pinggoki]

So the worst-case scenario is a possible outlier case that only a small percentage of gamblers succumb into. That being said it's still something that should be looked upon and I think it is justified that banks are the ones who are supposed to impose restrictions on the gambler's behalf. Gambling addiction is just as bad as any other type of addiction out there and it's not something that could or should be downplayed no matter how absurd it may look or sound to you.

And if they know that there are abusing the credit card from the user, they can know because they will have a way to track the account and investigate. Even if the banks and the government prohibit using credit cards for gambling, the gambler will not have a problem because they will use the other way to continue gambling.

Yes, there will be no point in using credit cards for gambling the concept just doesn't add up to me. Governments want to crack down gambling itself so why then support a system i.e. banks that can provide credit cards to gamblers, possibly one of the most unreliable customers you could have.

In short, I find it problematic for both credit card providers as much as for the gamblers themselves due to their activities being ttracked as clear as day, which may even extend to affecting their credit card history.

There's no need for a ban but rather a more strict monitoring out of those credit card users which had really involved in gambling.Banks could able to do such thing and if there's banning then its clearly
theres mo reason behind that decision because they cant just impose any bans without any depth reason to do so.If they dont like gambling then they could ban it directly without attaching out
credit cards because we know that this isnt only the sole purpose on why credit cards exist on the first place.

Bank-issuing cards can just restrict gambling-related transactions. But you know, it will be easy for gambling sites to just ban it totally but since banks have different policies, it's now up for banks to do the job of banning credit card users. And not all do have credit cards that's why for me, it's not really alarming unless gambling sites have the record that most transactions on their platforms are with the use of credit cards.

  Responsible gambling is the key here basically. For me, people should have all rights to their money, even if it came from their credit cards, but the fact remains that money should be spent wisely, and moves like these which could prevent future jeopardies would be beneficial not only on the person gambling's behalf but would also be beneficial to the banking institution. So it doesn't really matter who bans credit card usage for gambling, as long as rules are imposed, it's all good.