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UK Bans Gambling With Credit Cards – Will Canada Follow?
International gambling laws are being tightened in the United Kingdom after a major announcement on Tuesday.
The UK’s gambling watchdog, the Gambling Commission has announced that gambling businesses will not be able to accept payments via credit card from April 14th onwards. The law will apply to both online and in-person businesses.
The ban will also apply to credit card payments made via e-wallet services such as the popular PayPal. However, it is believed that e-wallet companies will take steps to prevent the use of credit cards for online casinos.
There are some exceptions to the ruling. Lotteries that are run for good causes are exempt but these services will have to provide additional protection for vulnerable gamblers.
That is part of a wider move to curb problem gambling. The law also requires all online companies to adhere to the Gamstop self-exclusion scheme. This applies to gamblers who have signed up for the programme and it means that they will be unable to use any of the sites which are a part of the scheme.
Credit card fees can “exacerbate the situation”
The issue with credit card payments is that users aren’t playing with their own money.