Credit cards have many advantages, explaining the appeal of non-GamStop casinos that accept Visa, Mastercard and Amex. Today, no UKGC-licensed GamStop online casino may accept credit card payments. The UKGC prohibits credit card use at GamStop casinos. Many UK residents at GamStop casinos undoubtedly miss the benefits of credit card payments. Visa is a NASDAQ-listed payment services company behind the signature Visa credit and debit card brands. How do people use credit cards? However, there is no doubt that credit cards remain the most popular way to gamble for those that are looking to borrow money to fund their gambling. Our article presents the best UK casino sites that accept credit cards, like Visa, Mastercard and American Express. The first example is the feature buy option, available on slots like Nitropolis 4 (Elk), Cash Strike (Octoplay), and Sugar Drop Xmas edition (Fugaso). While most people use popular services like PayPal or even the tried-and-true bank transfer option, there is still a good percentage of people who like using credit cards to gamble instead. While the UK’s ban on credit card gambling might inspire other countries looking to tackle problem gambling, it does not solve this problem entirely.
The UK Gambling Commission, after seeing that around 175,000 people are problem gamers in financial distress because they used credit cards to gamble, simply placed a blanket ban on credit cards being used for gambling. Looking at these findings gives an in-depth view of the type of person that was likely to use credit cards to play casino games online. The payment method that people use is always something important to consider when playing casino games since they can have different withdrawal times and most will agree that when gambling – getting back into the action is all that matters. As previously mentioned, the UKGC banned credit card payments in April 2020 as they were found to contribute to problem gambling. 1 seemed to suggest that those who used credit cards to gamble were at more risk of debt, this was only true when talking about those who used it as an additional payment method.
It is safe to assume that those willing to make online purchases with their credit cards would also be willing to transfer this practice to their gambling as it is a similar process. This followed years of use by players who enjoyed using credit cards as in 2016, the total amounted to approximately 6 million in the same month. According to a 2018 gambling-related research review, an estimated 24.5 million English residents gambled, of which 10.5 million did so online. The same story continued in 2015 when 6.6 million people made gambling credit card transactions in October. Those who only used credit cards for their advantages and not in addition to other payment methods weren’t considered at higher risk. Credit and debit cards were generally the preferred way to deposit money to play online casino games. We’ll briefly introduce three of the most popular credit cards with UK players. The last finding showed that it is possible for people to use credit cards responsibly. Given this, it is not difficult to see why so many people like using credit cards. These include favourites like Minesweeper, Plinko, and Heads & Tails. Given this data, it is clear to see that credit cards were a popular payment method in the UK before they were banned, but it is also true to say that they are a popular payment method in other parts of the world too.
Given these mixed findings, the UKGC admitted that it would need to monitor whether its actions have pushed gamblers to borrow funds from illegal sources. Therefore, there is no doubt that a good percentage of people enjoy gambling, but many will be aware that there are many options available to them when it comes to depositing and withdrawing funds. However, only time will tell if this turns out accurate. However, the UKGC might suggest that the action it took has been successful after the regulator reviewed its impact more than a year later. British bettors can also get in on the action with the Slots Dreamer sportsbook and racebook. It has a good sense of what British players are after and organises them into themes. The result is hundreds of slots based on any number of themes. UK Finance found that 800,000 UK patrons used credit cards to gamble in that year.