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Author Topic: Is this considered a safe practice  (Read 1528 times)
SamReomo
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May 29, 2023, 08:38:26 AM
 #201

Is it safe or dumb to use your Credit card for online gambling because of free bonus rewards on signup and initial 3 months purchase? Will you take such risks with your card for such rewards? A friend informed me that some casinos gives better reward if you have a credit card with high credit score at around 800, he mentioned how he make 200$ from Freedom Flex after using over 600$. He also mentioned other like capital one

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?

If the platform is a safe one then it's okay to use your Credit card for online gambling with them otherwise it isn't recommended to use your credit card for gambling purposes. There might be some casinos that offer extra rewards to just grab your credit card information and if they turn out to be frauds and scammers then you will be at risk of loosing your money. Only add your credit card on a casino site when you're sure that they are a legit business and their customer support is also active to answer the queries.

I would recommend you to avoid adding your credit card details on new casinos and the shady ones because you'll end up loosing your credit balance and they might use your credit balance for illegal purposes if the casino isn't in the list of legit ones. The best way to gamble with those online casinos is to use crypto-currencies, because they're better for privacy as compare to credit cards.

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May 29, 2023, 11:34:17 AM
 #202

In my bank it is easy to use. You have 2 cards in your mobile bank app and just tap on card what you need. The virtual phone number works the same - you get messages the same as usual with text "received on virtual number". And you can change these cards and phone numbers several times. I think that it is much easier than learn different defense systems

     -    Actually using mobile bank apps is also dangerous to use. Here in our country, it is often compromised by hackers or phishing, perhaps due to the negligence of the cardholder himself.

therefore using a credit card on a casino site platform here in the crypto space is a dangerous method to enter money just for the reason that he wants to play gambling, which the player does not know can put his account in a dangerous situation this.
So in the end of the talk we`ll decide that using website, casino, computer is dangerous to.
I use about 3-5 mobile bank apps and don`t see problem with them for 10-15 years. If someone can`t use apps normally - it is his problem and it doesn`t mean that we must not use their opportunities.

I don't know what the issues are when it comes to credit cards in other countries, but the control must be very strong, I live in a South American country that is not mine, but I have more freedoms than in my country of origin, So when I see things that have to do with casinos, I don't associate them with my credit card because I know that here they will charge me later if they put out a law for crypto stores for those who use it, and most likely the taxes will be very high , And here I pay taxes of all kinds, of course I know that it is not like paying in Spain but here it is also strong.
In my country the casino automatically pay taxes from if you win more than $250. If you win less sums you have to pay taxes yourself but i haven`t paid yet and i don`t think that someone will check it. Also, in my country there is a rule that tax service can catch you only for 3 last years and if you got any winnings before it - it is your money and no one can make you pay any taxes of it.

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May 29, 2023, 11:44:35 AM
 #203

Quote
In my country the casino automatically pay taxes from if you win more than $250. If you win less sums you have to pay taxes yourself but i haven`t paid yet and i don`t think that someone will check it. Also, in my country there is a rule that tax service can catch you only for 3 last years and if you got any winnings before it - it is your money and no one can make you pay any taxes of it.

In my country, people have to pay taxes on any sums of earnings. And I made a good living as an artist, but I didn't pay taxes, because I was sure that the tax service wouldn't find out about me. There was also earnings in cryptocurrencies in bounty campaigns, and a small earnings in poker. Of course, the tax service still hasn't found out anything. But my friend was afraid and decided to go to them himself. When he said that he had earned $ 300 on the Internet and wanted to pay tax, they looked at him there as an idiot. They were surprised at his stupidity, because the tax service is not really interested in such small fish.

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May 29, 2023, 02:41:34 PM
 #204

In my country the casino automatically pay taxes from if you win more than $250. If you win less sums you have to pay taxes yourself but i haven`t paid yet and i don`t think that someone will check it. Also, in my country there is a rule that tax service can catch you only for 3 last years and if you got any winnings before it - it is your money and no one can make you pay any taxes of it.
Your country's government grants gambling licenses because they can benefit from the taxes each casino operates and also from the gamblers who earn slightly larger winnings.
If a tax is set for casinos that are operating then that is a form of gambling licensing in your country so it is reasonable but if gamblers are also being asked for then this is not a reasonable tax in my opinion because gambling is not a place to make a profit because there must also be a loss.
It is better to gamble at crypto casinos, maybe you will never be taxed if you win because the government is unlikely to know you won gambling at crypto casinos.

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May 29, 2023, 03:54:10 PM
 #205

I will rather use a crypto casino which does not undermine my privacy and still offers certain bonuses on deposits.

- Jay -
These days very a few casinos offers what you're  talking of. and this is due to the government continues regulatory policies on these casinos.  Most casinos that demands for KYC it's not that they which to do so but that's just one of many conditions as given by the authority where they operate from for them to be able to survive in the business area and. It shouldn't be surprising when you first use an online casino and you're told they don't require for KYC and then after opening an account with them and making deposit  with a later win that needs to be withdrawn you now hear them requesting for KYC as part of condition for the you the customer to be able to perform the withdrawal.
For some veteran gamblers they can relate to what am saying.
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May 29, 2023, 08:25:26 PM
 #206

We can choose the way that works for us than going for what we think. Before now, people had been using fiat to credit there gambling account without any problem and now that we can so many cryptocurrency tokens we can use to fund account, there is no need for us to keep using fiat since we easily make transaction without a third party.

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May 29, 2023, 08:33:09 PM
 #207

You are absolutely correct. It's crucial to exercise caution when providing your credit card details to any platform or service, particularly online. There are some very basic precautions that you need to take, such as checking the SSL and security information, make sure that you trust the payment platform and do not pass the data directly to the site. Even being very careful is easy to fall for scams.
same reason why we not need to let our credit cards involved in gambling , because this is for me is over acting to gamble .
we have money or cash that can be used then why need to extend the usage to our credit cards?
also what you mentioned is completely correct , there are easy way for them to scam us using our credit cards.
sometimes even if we are dealing with legit and trusted sites , yet the chance of being scammed are there .
It is likely that gambling companies are looking to create an opportunity to extract more money from a gambler. When a gambler starts gambling with a credit card he can plan to spend a lot of money on gambling. Because once addiction to gambling occurs, it is difficult to recover from it. But the main point is that a gambler can be exposed to various dangers. First, his personal affairs will be at risk. Second, scammers have a greater chance of falling into the trap. I agree with you that it is not worthy to use a credit card on any site that would be reputed or not.

Well, if you want to take advantage the perks of using your credit cards to be able to gamble, there's nothing wrong with that since it's your choice. However, I don't think it is wise to use credit cards regardless of the rewards/bonuses you can get associated with it. Because we can always opt to use our cash, more safety since you don't have to disclose any details.

Scammers and hacking are common nowadays even the platform is reputable (as you've pointed out). Thus much better to think in advance of the cons to prevent yourself experiencing an unfortunate situation.
Its your card, its your money then its your full rights on what you should gonna do and its true that there's nothing wrong on making use of your credit cards as long you would really be that responsible
on repaying up on what you have used. Gambling on using up with credit card is really that something risky if you are a type of person on whose that wont really be that good on repaying debts.
You should really be that responsible if you are a card holder because instead on making some benefits out of these cards, you would really be finding yourself on a bad situation
if you arent really that good on handling these things.

Be sure to be responsible and pay on time on what you had spend and you wouldnt really be having any problems in related to this. We are having our own will on whats good and whats bad.
Its impossible not to distinguish those along the way on the time that you are making some dealings.

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May 29, 2023, 08:33:43 PM
 #208

Is it safe or dumb to use your Credit card for online gambling because of free bonus rewards on signup and initial 3 months purchase? Will you take such risks with your card for such rewards? A friend informed me that some casinos gives better reward if you have a credit card with high credit score at around 800, he mentioned how he make 200$ from Freedom Flex after using over 600$. He also mentioned other like capital one

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?
If crypto is an option i would see that there's no bonus big enough worth using credit card instead of cryto. And that sounds so shady luring in high credit score card holders. Is this really your irl friend and can you confirm the story? Or is he a friend made with crypto who wants to boast about their winnings? Because there are ton of those people and you shouldn't take those seriously.

Disadvantages are obvious and i am not sure why you even ask if giving a credit card to random casino is a good idea. But if it's a casino you 100% trust, then you need weigh how much you want that bonus and what are the requirements to get it.

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May 29, 2023, 09:07:14 PM
 #209

We can choose the way that works for us than going for what we think. Before now, people had been using fiat to credit there gambling account without any problem and now that we can so many cryptocurrency tokens we can use to fund account, there is no need for us to keep using fiat since we easily make transaction without a third party.
you will say this because you don't know how people find it possible for using a Fiat currency to deposit also found their casino website instead of using a token or any other currency, what you will say is that anyone defined possible to fund the account they can use it provided that the platform accept Fiat currency for deposit or funding of account of their casino gambling

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Ebede
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May 29, 2023, 10:35:41 PM
 #210

We can choose the way that works for us than going for what we think. Before now, people had been using fiat to credit there gambling account without any problem and now that we can so many cryptocurrency tokens we can use to fund account, there is no need for us to keep using fiat since we easily make transaction without a third party.
you will say this because you don't know how people find it possible for using a Fiat currency to deposit also found their casino website instead of using a token or any other currency, what you will say is that anyone defined possible to fund the account they can use it provided that the platform accept Fiat currency for deposit or funding of account of their casino gambling
if a particular gambling platform give you an option that you will use in credit in your account a better news that option than funding your account with a Fiat currency and the any other currency can you feel delta liking why some people always have issue in some of this platform is because they disobey the rules and the regulation of the platform so at the end they have issue they will start looking for somebody that will help them to protest

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Lanatsa
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May 29, 2023, 11:45:56 PM
 #211

We can choose the way that works for us than going for what we think. Before now, people had been using fiat to credit there gambling account without any problem and now that we can so many cryptocurrency tokens we can use to fund account, there is no need for us to keep using fiat since we easily make transaction without a third party.
you will say this because you don't know how people find it possible for using a Fiat currency to deposit also found their casino website instead of using a token or any other currency, what you will say is that anyone defined possible to fund the account they can use it provided that the platform accept Fiat currency for deposit or funding of account of their casino gambling
if a particular gambling platform give you an option that you will use in credit in your account a better news that option than funding your account with a Fiat currency and the any other currency can you feel delta liking why some people always have issue in some of this platform is because they disobey the rules and the regulation of the platform so at the end they have issue they will start looking for somebody that will help them to protest
Fiat or Credit card, it wont really be just that different because you would really still able to spend up your money.It just differs with CC's is that you do spend on something that you arent still earning but of

course with that kind of privilege is that you would really be needing to pay up with interest which it would really be a common approach.Doesnt matter on what you would make use because if you arent really

that a good payor then you would really be still paying up and lose it all. The worst for credit cards is that you do pay it up all plus the interest which it would really be putting you into a
big trouble.This is why you should really be that careful and be sensible on your spendings because if you are really that irresponsible then you would really be having that
huge problem.

R


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May 30, 2023, 03:30:51 PM
 #212


This is mostly done to prevent money laundering from gamblers that are always addicted to gambling which is one of the things the government is fighting against to prevent the use of large funds from gamblers which might have gotten the funds from an unknown sources. This measure do require KYC which is a way to know the true identity of a player so that are betting on there platform. Using a KYC casinos need to level of observation so that we can be aware of what source we are dropping our information to prevent it from being used against us.

I don't see any sense in this, we all know very well that things here when it comes to money laundering are not done by the casinos, this is obvious, it is known that those who launder money do so through other platforms , not because of the casinos, and it is mainly because of the KYC problem, a criminal will not risk putting so much money in a casino, haty other means, what is that the governments always look for excuses to deceive everyone , and that is: "money laundering and protection" when we all know that no government is going to protect its people, that governments do everything for their benefit, that is something that many still do not understand.

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noormcs5
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May 30, 2023, 03:52:42 PM
 #213


This is mostly done to prevent money laundering from gamblers that are always addicted to gambling which is one of the things the government is fighting against to prevent the use of large funds from gamblers which might have gotten the funds from an unknown sources. This measure do require KYC which is a way to know the true identity of a player so that are betting on there platform. Using a KYC casinos need to level of observation so that we can be aware of what source we are dropping our information to prevent it from being used against us.

I don't see any sense in this, we all know very well that things here when it comes to money laundering are not done by the casinos, this is obvious, it is known that those who launder money do so through other platforms , not because of the casinos, and it is mainly because of the KYC problem, a criminal will not risk putting so much money in a casino, haty other means, what is that the governments always look for excuses to deceive everyone , and that is: "money laundering and protection" when we all know that no government is going to protect its people, that governments do everything for their benefit, that is something that many still do not understand.



The casino may not do money laundering but the gamblers may be involved in money laundering. In order to protect the casino, they impose the KYC, so if there is any suspected case of KYC found, then they can take action against that person or at least they may send this information (KYC data) to the authorities.

If the casino do not maintain this KYC data, then the government can take legal action against the casino as this may be involved in money laundering by allowing the gamblers to deposit or withdraw without the KYC.

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SirLancelot
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May 30, 2023, 05:02:56 PM
 #214

If the platform is a safe one then it's okay to use your Credit card for online gambling with them otherwise it isn't recommended to use your credit card for gambling purposes. There might be some casinos that offer extra rewards to just grab your credit card information and if they turn out to be frauds and scammers then you will be at risk of loosing your money. Only add your credit card on a casino site when you're sure that they are a legit business and their customer support is also active to answer the queries.

I would recommend you to avoid adding your credit card details on new casinos and the shady ones because you'll end up loosing your credit balance and they might use your credit balance for illegal purposes if the casino isn't in the list of legit ones. The best way to gamble with those online casinos is to use crypto-currencies, because they're better for privacy as compare to credit cards.
Gamblers mostly love bonuses and they do anything to get one, and casinos use this thing for their promotional material, but if a platform that is legit and is just giving away a bonus so that more players come and play with them, it's all okay, but when a shady platform starts advertising their platform with a pretty high bonus on deposits using credit cards, that is where the problem is.

Now some gamblers will obviously avoid this because they don't know the platform and are not aware if it's trusted or not, but some gamblers will fall for it by seeing the amount of bonus being offered, that is how those scammers get their targets trapped.
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May 30, 2023, 08:17:28 PM
 #215

If the platform is a safe one then it's okay to use your Credit card for online gambling with them otherwise it isn't recommended to use your credit card for gambling purposes. There might be some casinos that offer extra rewards to just grab your credit card information and if they turn out to be frauds and scammers then you will be at risk of loosing your money. Only add your credit card on a casino site when you're sure that they are a legit business and their customer support is also active to answer the queries.

I would recommend you to avoid adding your credit card details on new casinos and the shady ones because you'll end up loosing your credit balance and they might use your credit balance for illegal purposes if the casino isn't in the list of legit ones. The best way to gamble with those online casinos is to use crypto-currencies, because they're better for privacy as compare to credit cards.
Gamblers mostly love bonuses and they do anything to get one, and casinos use this thing for their promotional material, but if a platform that is legit and is just giving away a bonus so that more players come and play with them, it's all okay, but when a shady platform starts advertising their platform with a pretty high bonus on deposits using credit cards, that is where the problem is.

Now some gamblers will obviously avoid this because they don't know the platform and are not aware if it's trusted or not, but some gamblers will fall for it by seeing the amount of bonus being offered, that is how those scammers get their targets trapped.

Players will always look for the best promotions to compete, it is obvious that they will always or almost always go for the one that gives them the most benefits, in my case I have fallen for promotions where I put my money and then what I do is lose it when in the promotion everything looked differently, this is something that has happened to me, but only when I take promotions or when I see certain contests, bonuses for me are something that I learned not to take to avoid unnecessary losses. When a newbie asks me whether to take a bonus or not, I tell him to read the terms carefully because it is not always what they Promise.

R


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May 30, 2023, 10:55:25 PM
 #216


This is mostly done to prevent money laundering from gamblers that are always addicted to gambling which is one of the things the government is fighting against to prevent the use of large funds from gamblers which might have gotten the funds from an unknown sources. This measure do require KYC which is a way to know the true identity of a player so that are betting on there platform. Using a KYC casinos need to level of observation so that we can be aware of what source we are dropping our information to prevent it from being used against us.

I don't see any sense in this, we all know very well that things here when it comes to money laundering are not done by the casinos, this is obvious, it is known that those who launder money do so through other platforms , not because of the casinos, and it is mainly because of the KYC problem, a criminal will not risk putting so much money in a casino, haty other means, what is that the governments always look for excuses to deceive everyone , and that is: "money laundering and protection" when we all know that no government is going to protect its people, that governments do everything for their benefit, that is something that many still do not understand.


I follow your point of view, the main reason for that procedure is not really to protect anyone but the interest of the government, money laundering is just another reason to gain access of full control, knowing how things being transact and have that claw to avoid or prevent anyone to make big transactions, when you are required to submit verification you are surrendering your private details, and after that all the subjected taxation or anything that can be governed by the law will come out after you.

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May 30, 2023, 11:42:40 PM
 #217


This is mostly done to prevent money laundering from gamblers that are always addicted to gambling which is one of the things the government is fighting against to prevent the use of large funds from gamblers which might have gotten the funds from an unknown sources. This measure do require KYC which is a way to know the true identity of a player so that are betting on there platform. Using a KYC casinos need to level of observation so that we can be aware of what source we are dropping our information to prevent it from being used against us.

I don't see any sense in this, we all know very well that things here when it comes to money laundering are not done by the casinos, this is obvious, it is known that those who launder money do so through other platforms , not because of the casinos, and it is mainly because of the KYC problem, a criminal will not risk putting so much money in a casino, haty other means, what is that the governments always look for excuses to deceive everyone , and that is: "money laundering and protection" when we all know that no government is going to protect its people, that governments do everything for their benefit, that is something that many still do not understand.


I follow your point of view, the main reason for that procedure is not really to protect anyone but the interest of the government, money laundering is just another reason to gain access of full control, knowing how things being transact and have that claw to avoid or prevent anyone to make big transactions, when you are required to submit verification you are surrendering your private details, and after that all the subjected taxation or anything that can be governed by the law will come out after you.
Once information had been leaked out then for sure you would really be having the chance for you to be get taxed specially if you are that someone who do make out huge deposits or something that uses up huge sums of money which it is true that government does really like to trace up everything and have that full control. Usually these KYC things are really that because of the money laundering thing on which it would really be that normal that businesses like this would really be needing to comply on whats been asked and whats been required or else you cant really make that operation.
Using up your credit card is something that you had already surrendered out your identity which is something that there's chance that you might be facing up some issues later on but
if you are on someone whose on the losing side then they dont really care at all.  Tongue

R


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May 30, 2023, 11:49:59 PM
 #218

I have been a victim of card details theft before and I can remember the hustle i went through just to get the car.block.and ever since then, i have become sceptical about the use of card to.make either withdrawals or deposits online, and I have also heardothers experience the risk of uusing card n casinos.

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May 31, 2023, 11:54:12 AM
 #219

Quote
In my country the casino automatically pay taxes from if you win more than $250. If you win less sums you have to pay taxes yourself but i haven`t paid yet and i don`t think that someone will check it. Also, in my country there is a rule that tax service can catch you only for 3 last years and if you got any winnings before it - it is your money and no one can make you pay any taxes of it.

In my country, people have to pay taxes on any sums of earnings. And I made a good living as an artist, but I didn't pay taxes, because I was sure that the tax service wouldn't find out about me. There was also earnings in cryptocurrencies in bounty campaigns, and a small earnings in poker. Of course, the tax service still hasn't found out anything. But my friend was afraid and decided to go to them himself. When he said that he had earned $ 300 on the Internet and wanted to pay tax, they looked at him there as an idiot. They were surprised at his stupidity, because the tax service is not really interested in such small fish.
Yes it is. It is possible to find a part of my profits but they are really too small to try to catch me. The tax service prefers to spend their time more efficient. And of course you can fill the form of all your profits and pay taxes yourself, but i don`t think that someone will check it.

In my country the casino automatically pay taxes from if you win more than $250. If you win less sums you have to pay taxes yourself but i haven`t paid yet and i don`t think that someone will check it. Also, in my country there is a rule that tax service can catch you only for 3 last years and if you got any winnings before it - it is your money and no one can make you pay any taxes of it.
Your country's government grants gambling licenses because they can benefit from the taxes each casino operates and also from the gamblers who earn slightly larger winnings.
If a tax is set for casinos that are operating then that is a form of gambling licensing in your country so it is reasonable but if gamblers are also being asked for then this is not a reasonable tax in my opinion because gambling is not a place to make a profit because there must also be a loss.
It is better to gamble at crypto casinos, maybe you will never be taxed if you win because the government is unlikely to know you won gambling at crypto casinos.
It is a mistake. You can spend your money as you want(for gambling too) and no one asks you about it. But if you get profit - you have to pay taxes. Even if you lost much more before. When you withdraw money from the casino - you get profit and have to pay taxes.

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May 31, 2023, 04:29:11 PM
 #220

I have been a victim of card details theft before and I can remember the hustle i went through just to get the car.block.and ever since then, i have become sceptical about the use of card to.make either withdrawals or deposits online, and I have also heardothers experience the risk of uusing card n casinos.
When we become victims of card details theft, it will be difficult to block bank accounts because banks require many requirements to be fulfilled. But I don't think you are alone because others have also been victims of theft of card details. That's why we don't need to connect credit or debit cards to online sites to guard against frequent hacks or theft of credit and debit card data. It's better for you to use crypto and only use one special wallet to play gambling so that it won't interfere with your other assets in other wallets.
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