🖐 Gambling on credit cards to be banned - BBC News

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People are to be banned from using credit cards to place bets, in an attempt to of online gamblers using credit cards are classed as problem gamblers. One problem gambler, Chris Murphy, told the BBC that he's lost more.


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Gambling customers will no longer be able to use their credit cards to place bets online in a major shake-up of industry regulations.


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Martin's blog. I'll be more careful in the future about the type of transactions performed on the card. Possibly, as some card issuers now charge for payments classified as gambling - please check with your card issuer, or use a debit card. Why not keep it simple and use your cc only for groceries and obvious shopping activities? Obviously if I am in a bookies I know the answer but what about competition entries, are they betting transactions? How we're financed. Thanks for the replies. Anyone any advice - how can they get away with it? Nor did he have the ability to block such transactions in the future which would ensure I did not get charged. Are there any charges for paying by Credit Card? If you are concerned about incurring cash advance charges, please check your credit card terms of usage with your credit card issuer, before making a payment.{/INSERTKEYS}{/PARAGRAPH} I realise now that the transaction I performed was "betting", however at the time it does not cross my mind that I was about to perform a betting transaction. Unfortunately, as this is a charge imposed by your credit card issuer, we are unable to refund any cost that you may incur. Grabbit while you can It's Gone, but was it any good? New Post. MSE's Editorial Code. {PARAGRAPH}{INSERTKEYS}Household Bills. What happens is MasterCard and Visa assign a four digit number to each retailer to determine its group. This transaction comes under betting and is therefore treated as cash in the eyes of Capital One. DonnySaver Forumite posts. Coronavirus: The latest from MSE The MSE team is working extremely hard to keep the info we have about your travel rights, cancellation rights, sick pay and more up to date. I knew about gambling transactions going through as cash advance, but for some reason did not think it would apply. Note to users: Because Fantasy Football is now legally classified as a form of gambling some credit card providers will treat the purchase of Fantasy Football teams as a cash advance. I won! About the site. These are generic to all card providers. All I would like is the ability to know when a betting transaction is being performed so then I know I am being charged and have will have the choice of stopping the transaction. This "feature" is embedded in the terms and conditions which everyone reads I'm sure. It's a condition of using your card. Dear All, I have a Capital One cashback credit card and I am quite diligent about not incurring any fees. No such warning was given when I performed the purchase and no transaction type was displayed. The same has just happened to me. I have received a refund from Capital One. It's your choice then as to whether to use your card or not. Do not use the credit card at an ATM, do not use credit card cheques, pay off balance every month etc. This is very underhand in my opinion. If I am talking to a person while performing the purchase I can ask but what about Internet transactions? Go to Category.. See post 4. Use your debit card for competitions etc. YorkshireBoy Forumite NickX Forumite 3K posts. As a warning to others, I once paid for a friend's football pools over the phone with a credit card. For example is ATMs. Be aware that the purchase of some gift vouchers are also classed as Cash Advances. Unfortunately the card providers have no influence on what is determined as a gambling retailer. There was also a row a while ago about Nochex transactions going through as cash advance. My question is in the future how do I know if the transaction I am about to perform is a "betting" transaction? LondonPotter Forumite 3 posts. The card providers will use this four digit code to determine the gambling retailers. I don't know who to complain to first - The Telegraph for not making it clear that this would happen or BT Credit Card services. The Capital One customer service representive did not have an answer to these questions.