Online gambling can hardly exist without online banking. To place deposits and make withdrawals, gamblers have to use a virtual bank, a credit bank, or a credit union. The variety of options is immense. For example, the use of POLi Payments for Online Casinos in Australia has become one of the recent trends. At OnlineCasinoAussie, you can find the list of reliable payment methods that can be offered by online casinos.
The Australian gambling community has been recently shocked by the government’s announcement to ban credit cards or “digital wallets” for gamblers. This way, politicians are trying to set online wagering along with land-based gambling.
Protection or Something Else?
Gamblers are not allowed to use Australian credit cards in land-based casino venues. They can’t take cash advances from nearby ATMs as well. However, these restrictions are not related to online gamblers.
According to the parliamentary committee in Australia, the use of online banking creates numerous risks for online gamblers. They can become victims of scammers. Or they can lose control over their emotions and spend all their money on betting activities. This is why the Interactive Gambling Amendment Act 2017 is about to face some serious changes.
The committee’s chairman, Andrew Wallace, says that online players using credit cards to place online bets or gamble online face high interest rates and high risks of loss. This happens to be a serious problem for many individuals and their families. The country can’t stand aside and watch how its citizens get into a trap.
Some land-based casino venues were closed during the lockdown; so many gamblers had no other choice but to turn to online gambling. Legal online gambling in AU is limited to TABs, bookies, and bets. Poker and pokies belong to the category of illegal activities, but they also happen to be the most popular gambling spots. Andrew Wallace also claims that AU citizens spend more than $25 billion on gambling annually. Most of this money settles down in the pockets of illegal operators.
Loan Services for Online Gamblers
What is the solution for AU players? The “buy now, pay later” option, developed by the Australia Finance Industry Association, can’t be used in online gambling. Due to the legal restrictions, Australians couldn’t benefit from a seemingly simple service. Meanwhile, the Australian Banking Association introduced a report, highlighting the results of a survey. It states that 81% of the AU citizens believe that gambling with credit cards should not be allowed. Can you trust this statement? This is a question to be answered.
Changes Are about to Come
Sterling Griff, an independent senator, came up with a bill that bans the use of credit cards for online gambling. This idea is inspired by Britain’s ban, which also aims to protect gamblers. How far will the Australian government go, we will find it out very soon.
Before the decision is officially made, the joint parliament committee will research and analyze other urgent issues. These include voluntary bans by Australian banks and payment systems, the consumer detriment of credit cards, consumer protections, regulatory strategies, and some others. Meanwhile, we will be waiting for the final point.
The Best Live Casinos Available Online in 2021 can be found at AussieOnlineCasino, an online guide for beginners and professionals in the gambling sector. If you don’t want to become part of someone’s gambling trap, you’d better check out the reviews crafted by the local gambling specialists.