Can you use credit cards on betting sites in the UK?
The United Kingdom has one of the biggest and most lucrative gambling markets, largely because of the smart way in which it is regulated. Having said this, the UK GC simply implements the decisions made by the lawmakers and things are changing every year. There is growing concern that the most vulnerable categories of people are exposed to the dangers of gambling addiction. That's why lawmakers decided to no longer accept credit card payments for online gambling.
Why are credit card payments banned for gambling?
In recent years, especially during the pandemic, the number of people that gamble online has grown. This also applies to the amounts wagered over the Internet, so there is an obvious trend that more people spend larger amounts online. Some of them have succumbed to gambling addiction and found themselves spending money they can no longer afford to repay. Credit cards have opened the way for this type of reckless spending and that's what prompted the regulators to ban them from gambling.
Offshore bookmakers accept credit card deposits
Generally speaking, people prefer to comply with the law whenever it is possible, including for gambling purposes. However, there are gamblers who would rather find shortcuts as long as they will be allowed to use credit cards. Some don't consider the risks of gambling addiction to be that serious, or at least they don't fear the threat. In any case, those who choose to bypass the restrictions have no alternative but to gamble at bookmakers and casinos that are not licensed by the UK GC but accept British punters.