Credit Card Gambling Ban Possible in New Zealand
Several countries are considering banning casino credit card gambling as a means to put a dent into the scourge of problem gambling. The UK Gambling Commission (UKGC) is at the forefront of the push to bar casinos that accept credit cards. The Secretary of Culture, Jeremy Wright made the announcement that he’d rope in the support of major retail banks and online bookies. The plan is to hold discussion over the use of credit cards for gambling-related purposes. The New Zealand Department of Internal Affairs has also taken steps into investigating internet gambling and the use of credit cards to fund gambling proclivities.
New Zealand Discuss Banning Casino Credit Card Gambling
Amid SkyCity introducing an online gambling site, the DIA took a similar posture. The regulator also started looking into banning credit card internet gambling. At the moment, the only casino operators eligible to offer games online in New Zealand are state-owned lottery and TAB. The move will probably take time to accomplish, especially with the regulator also looking to legalse online casino gaming in the region. Neighbouring countries have made strides in the effort to stop the problem use of credit cards in gambling. Australian banks have made the most publicised alteration in limiting their services.
What Credit Card Block Means for Casino Gambling
Major Australian Bank, Macquarie has already set on-going protocols to block credit card transactions that are performed on gambling websites. This move was highly unconventional for a big bank to set aside its financial imperatives for the greater good. The major issues levelled against credit card gaming are that players are performing overdrafts or taking loans to fund their gambling habits. It is suggested that this form of gambling encourages gamblers to play casino games beyond their financial means. If this comes into effect, it would mean players would have to resort to alternative payment methods. The most popular deposit options are debit cards and e-wallets payments.