MUCHBETTER
Embracing the ban
MuchBetter co-founder, Jens Bader, explains why we must embrace the credit card
Players can just as easily fund a prepaid debit card with their credit card and use their debit
T
he Government recently announced the introduction of its long-debated credit card ban, a new law that is designed to protect consumers from spending money on online stories of problem gamblers who have maxed out cards and racked up thousands in credit card debt and the negative impact this has had on them and and more should be done to prevent these kinds of scenario, I’m sure I’m not alone in spotting some pretty glaring loopholes in the the people it is designed to protect? effective a decade ago, there are now so many more payment options available to players in cards may not have the desired effect, since the gambling problem will simply use their credit card in conjunction with other permitted payment about people who are willing to fund gaming are opening numerous credit card accounts and
it takes player protection seriously, and as such loopholes mean that the problem just continues
HOW THE INDUSTRY WILL RESPOND
From an industry perspective, it will be relatively simple for most gaming operators, payment companies or credit card operators to introduce complexity for payment companies and wallets will manage this requirement to ensure no credit card can be used by a UK gambler, making them question is how general-purpose prepaid cards credit gamblers to lean towards these cards as card issuers then disallow such loaded funds for be controlled by gaming operators, so if such a
Aside from the introduction of new technical controls, I also want to see the industry embrace these new rules on a more basic level and accept that they have been introduced for a
I hope the gaming industry acts as one to embrace these new rules
past, the gambling industry has been quick to reputation in doing so and invited further enough detractors, and it’s important that about operators or their payment partners that Only time will tell if the credit card ban has the desired effect of reducing harm to problem gamblers and preventing them from gambling gaming industry acts as one to embrace these
84 MARCH 2020 GIO
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