The UK Gambling Commission is planning to ban credit cards
The online casino industry expands and grows on a daily basis. The UK Gambling Commission considers that using credit cards as a payment option is quite risky. It may encourage users to spend more and more cash they should not do. So the UKGC are trying to create a safer space in the iGaming industry.
But from the other hand, this would be a huge inconvenience for many who use online casinos as a form of entertainment.
We suggest 3 reliable banking options to consider as the UK Gambling Commission announced that it may ban the use of credit cards at online casinos.
Can credit cards be risky?
Regarding the fact that setting a deposit and betting limit are important when playing at an online casino, the UKGC thinks credit cards are rather risky.
On the first place, a problem can be the fact that children can easily access these funds and play and deposit with their parent's account. By banning the use of credit cards the Gambling Commission intend to protect children better and reduce the risks to vulnerable customers. The commission would like to build up measures to intervene online casino consumers experience any harm. A potential ban can be obviously an issue that must be dealt with.
Banking Options at Online Casinos
Here are 3 other options to be considered if the UKGC bans entirely credit cards for use at online casino:
- NETELLER – one of the largest and most popular payment services. It is available across 200 countries all over the world. It is operated by Paysafe Financial Services Limited. Millions of customers make use of NETELLER every day.
- Skrill – provides safe transactions, simple use of only an e-mail address and a secure password. It works for happy customers and their money all around the world.
- EcoPayz – a common payment option at many top online casinos. It is safe, fast and very convenient payment solution. You can do it just via your iPhone applications. For extra security there is 2-step additional verification of the account.
Besides the above top-rated options online casino customers can also use debit cards, bank transfers, and many others.