January 27, 2022 Breaking News, Latest News, and Videos

What Advantages Players Get From Credit Card Ban In Gambling

You may have heard that credit cards have been banned in the United Kingdom for use on gambling sites. This simply means that now you cannot make deposits from a credit card and fund your account. Although, many players still choose gambling sites that accept credit cards via NonGamStopSlots because this payment method is the simplest one. You will have to use an alternative. All UKGC sites have been implementing this ban and there is no way around it. But, which advantages do players get from this action? 

Debt Prevention

One of the main reasons why this action was chosen and why it is so important today is debt prevention. Using a credit card to fund the account is not a wise thing to do. Basically, you will have to gamble with money that isn’t actually yours. This means that if you win a big-time, you can return that money and make a profit. But if you lose it, you will have to pay it back. In simple terms, this action brings you an obvious advantage. You can gamble only with money you have and this means a lower risk of creating debt.

The goal of UKGC was to make online gambling less addictive and problematic and more fun and safer as well. Over 22% of gamblers have been using credit cards for gambling and some of them are people with gambling addiction. They are unable to stop once they lose the funds hence they will use their credit card. 

Helps Gamblers With Addiction

One of the most important benefits here is linked to people who have a gambling addiction. This means that if you have an addiction and you want to gamble you will use any medium possible. This also means that you will use a credit card when nothing else is available which will cause a lot of issues. Now you can’t do this and you won’t be able to gamble if you don’t have other funds you can afford to lose. In a nutshell, this ban makes gambling addiction less severe and easier to solve than some of you may believe.

It is worth noting that gambling addiction is a severe thing and something you need to work on as soon as possible and something that will affect your life more than you may think. Luckily there is help you can use and there are all kinds of methods that have been more than just successful in this case scenario. There are also organizations that will help people like you and they are even advertised on gambling sites in the UK.

Gambling is Safer

This rule provided by UKGC made gambling actually safer. The UK regulator always works on improving safety standards. For instance, a player can invest only the money he owns right now. If he loses it, it won’t be a big deal. There won’t be a debt issue as we have covered above. All of this means that you can focus more on certain things. For instance, you can focus more on learning how to gamble properly and how to win. Yes, this is something where you do need a lot of skills and where you need a lot of help over time. Secondly, you will learn that each investment is important so you will gamble safer and better. 

In general, not being able to use credit cards allow you to gamble longer. If you use a credit card and you end up in debt, you will have to stop gambling, period. But, if you cannot use this medium odds of that happening are much lower. Hence, this is an important advantage and something you should consider. 

You Won’t Share Credit Card Details

This is a small advantage that is important for some players only. For instance, you will have to enter card details or bank details when you are depositing funds into your casino account. A good thing here is that all casinos use SSL encryption today and this makes personal information stealth and hidden at all times. This is a good thing. Usually, there is no need to worry when depositing funds to the casino online.

However, sharing credit card details to a casino is a bit more complicated and most gamblers don’t like doing it. Not having to do it when you really want (because you want to continue gambling) is actually an advantage and something you will appreciate in long run. You still have the ability to play games using a different payment method the one that is probably more appealing and more suitable for this form of entertainment.

The Final Word

As you can see the news about the credit card ban at online casinos is an important one and does offer certain perks most gamblers and non-gamblers love and appreciate. This is something you can benefit from and something that will assist you. In a nutshell, this is a requirement added for your own safety and something that can help you play much longer than usual.

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