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Should gambling on credit cards be banned?

Over the last few years, the question of the use of credit cards for gaming purposes has become extremely topical. That’s why our recension team finds it relevant to take a closer look at all the available payment methods in a bit more detail. Stay tuned to get to know more about online gambling deposit and withdrawal options.

Most popular ways to deposit money into an online casino

If you were long interested in finding out what the most popular ways of depositing cash to real money online casinos are, it might be useful to take a look at our list, as follows:

Credit/Debit cards

Credit and debit cards were historically among the most popular payment options among gamblers over the last few years. Since most online casinos are willing to accept them, gambling enthusiasts use these payment options because of relatively low fees and the options to claim bonuses and promotions of the online casinos.

E-wallets

Other prominent payment solutions include the use of various e-wallets, such as Skrill, Neteller, Entropay, and PayPal. These services allow financial transactions with low or no fees, alongside having lower pending timings and faster withdrawal speed timings. These advantages have allowed these services to become popular choices among online players.

Crypto casinos

Speaking of the cryptocurrencies, our recension team highly evaluates their presence in the casinos. Not only they allow proceeding with transactions immediately, but they are also the safest payment methods currently offered by the online casinos. Be sure not to forget that the cryptocurrencies are fully anonymous in their operational capacities.

Should credit cards be banned for online gambling needs?

The recent decision of the United Kingdom Gambling Commission to ban credit cards for gambling deposits has evoked fierce debates and discussions. They are justifiably called to be responsible for causing severe financial harm to gamblers with problematic behaviors.

The industry’s response was expectedly negative since some of the gambling operators opposed this decision because of its potentially adverse effect on deposit flexibility and variability. The situation in the UK had already had shocking cases when gaming addicts were placing bets from credit cards, which led to bankruptcies.

What will change after we do our best to ban this payment method from all the online casinos? Take a look:

  1. Cases of bankruptcies would decrease
  2. Deposit options will still be vast
  3. Regulation of the industry would finally be more robust

From all those benefits, it is obvious that these payment methods should be restricted from gambling purposes since they obviously do more harm than good for casual players.

Having reviewed the negatives of using this option for gambling purposes, our recension team still encourages not to feel sad about the ban. The available deposit options, including e-wallets and cryptocurrencies, would surely be enough for topping up one’s game balance, whereas the obvious harm from credit cards could be eliminated. Finally.

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The views and opinions expressed in this content are those of the author and do not necessarily reflect those of haligonia.ca.

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