How Can Credit Cards Ban Change the Australian Gambling Market?

By | August 13, 2021

According to the financial news, credit cards have some influence on online gambling markets of different countries. The Australian bookmakers supported the credit cards ban. It will help to protect online gambling users and save their security.

The Australian gambling market is on the stage of big changes, especially in the online sector. Sportsbooks of the country support the credit cards ban. The reference of this decision was taken from other gambling markets that refused the credit cards payment for the betting and gambling.

At first, the leading bookmakers didn’t show this much enthusiasm for this payment reform. Many of them were sure that it would obstruct their relationship with customers. But after the Australian biggest gambling company announced support for this reform, the other bookmakers didn’t start to fight.

However, Responsible Wagering Australia (RWA) was one of the main supporters of this idea because of the problem of gambling. According to the independent peak body, credit cards affect the statistic of the problem gambling and gamblers themselves.

Following the Australian gambling news, RWA assured that the credit cards ban will make online gambling security a stronger system. The respect and taking into account the wishes of all sportsbooks in the country was guaranteed.

The Australian banks’ decisive steps

While bookmakers cannot decide what is best for the customers and the betting market, some of the Australian banks have already banned credit cards payment on casino sites.

The process would be faster and more effective if the Interactive Gambling Act had an amendment with a ban for companies to accept such cards.

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