The UK Gambling Commission has announced, following its latest review of the online gambling industry, that it could ban the use of credit cards in online casinos.
The fact that for many users would be a great inconvenience, accustomed to using them as a quick and effective payment system on their favorite gaming platforms. However, the UK regulatory body sees credit cards as a payment option that can encourage users to spend more money than they really can. In case this prohibition becomes a reality, and in time it is also applied in our country, today, we are going to consider what other secure banking options Internet operators make available to us.
Aiming to create a safer space in the Online Gaming industry, credit cards could eventually disappear in iGaming banking.
Are Credit Cards Dangerous?
While all brands advise setting a deposit and betting limit before you start playing at any online casino, the Betting Commission finds that using credit cards can be somewhat risky.
One of the most common problems with online credit cards used as a payment method in online casinos is that children can easily access these funds. With just a few numbers on a card, minors could deposit and play through their parents’ account, which is obviously an issue that needs to be addressed.
There are many reasons why credit cards are prohibited, including easy access to payday loans, overdraft facilities, and of course, the use of funds that are not simply intended for gambling.
Gambling Commission Executive Director Neil McArthur comments: “This proposal aims to protect minors, reduce risks for vulnerable consumers, and intervene at an earlier stage – prior to consumers being harmed.”
Banking Options In Online Casinos
As we said, if the ban becomes effective and extends to other countries, there are still many options to choose from. In addition to the best options listed below, think that you can always use debit cards, bank transfers, and many other methods.
– NETELLER: Available in more than 200 countries around the world, it is one of the largest and most popular payment services. Established in 1999, NETELLER has already made history of customer satisfaction and is operated daily by Paysafe Financial Services Limited.
– Skrill: By using only an email address and a strong password, you can start using Skrill. Available online since 2001, the firm has fine-tuned its services to enable secure transactions, easy use, and has garnered millions of satisfied customers worldwide.
– EcoPayz: a global payment solution available at many online casinos, safe, instant, and extremely convenient. Access your money wherever you are through its iPhone application. You can also add two-step verification to your account for added security.