UK Casino players are about to lose access to credit cards as of the 14th of April 2020. It is the result of further regulatory changed implemented by the UK Gambling Commission.
Why Are Casino Credit Card Deposits Being Banned
The reason for the new ban on casino credit card deposits has gotten implemented for player safety reasons. The reasoning behind it has got to do with the ownership of money.
The use of credit cards now gets deemed as using money that does not belong to you. Technically that is the case, even if your bank allows you a specific limit.
The UK Gambling Commission does not care that a bank allows a limit. They want to prevent people from overspending while playing casino games.
The media in the UK and specifically the Daily Mail has over the last few years highlighted a lot of credit card abuse in the gambling world. That plus fraud and a lot of gambling sensationalism have taken place in the media.
How To Make Casino Deposits Moving Forward
The UK Casino market is a world leader in regulation and compliance. Player safety is rightly first and foremost in their thinking. Removing the ability to overspend on credit cards means that there are still some casino deposit methods available.
Debit Cards are currently the most popular method of making a casino deposit and will most likely see an increase in use. Deposits to casinos are instant. Cash Ins at Casinos are also processed most quickly via this method.
Paypal deposits to casinos lead the way when it comes to E-Wallet deposits. Most UK casino players will know how to make use of Paypal to both deposit and withdraw.
Top UK Casinos for Debit Cards
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Players can also use additional electronic wallets like Skrill or Neteller. A lot of casinos restrict bonuses to players who make deposits via these two particular methods.
UK Casinos usually refund first to the payment method that deposits got made from at the venue.
Additional deposit methods such a bank wire and deposit via phone also exist. The latter will probably also get phased out as in practice it is regarded as a credit.
Prepaid Cards are another option available as deposit methods. Paysafe Card is a very popular solution and widely used in the United Kingdom as well as Europe.