Without credit cards, what will online players do? This big gaming fan base is facing a new law from the UK Gambling Commission. This means no bets placed on credit. No doubt the law stemmed from poor gambling habits.
As usual, people find a loophole when they need one. They just have to add money to their e-wallets using a credit card. Why on earth did the UKGC miss this!
Nonetheless, operators are expected to be vigilant and take the necessary precautions. They might have to prohibit the use of e-wallets.
It is all about promoting responsible gambling, but only so much can be done. But various campaigns are out there to give it a go.
For one, the UKGC has stepped in to raise awareness about current gambling practices. It has been far to easy to place wagers, even by phone. Thus, operators have modified their platforms to stymie irresponsible gambling.
Everyone wants to put a lid on gambling excess if they can. Prepaid cards are the best idea to come around in a long time.
In Canada, players have been using credit cards at casinos, but they often have limits too. It is fine for making deposits, but withdrawals are not an option.
In this regard, only a handful of banks allow online gambling such as the Bank of Montreal, the Royal Bank of Canada, the Canadian Imperial Bank of Commerce, and Toronto-Dominion Bank.
Many financial institutions reject gaming related transactions, forcing players to switch to e-wallets or traditional checks. The alternatives like instant banking are growing as they are quite beneficial and easy to execute.
It is a worthy effort and should help to stem the growing tide of irresponsible and excessive wagering.