New Legislation for GBP casinos in UK
A group of influential British politicians have proposed the most radical change of gambling laws at GBP Casinos in 15 years. One of their recommendations is that an all-party group study the harms of gambling and reduce the maximum slot stake to £2. They also focused on payment methods to fund accounts and withdraw winnings, and have proposed restricting the use of credit cards to fund casino accounts. No mention was made on other payment methods such as:
Published recently in a leading newspaper, the Guardian, the government announced that the all-party parliamentary group (APPG) suggested making core changes to the online gambling market. In an area that’s already shrouded with rules and regulation, the subject of problem gambling was put under the spotlight. A report that took six months to compile outlined the dangers of online gambling and gambling in general. The report was backed up with evidence gathered from online operators and personal interviews with problem gamblers.
The strongest protesters were Ian Duncan Smith, a popular legislator in the UK and Carolyn Harris, Home Office Minister at Labour’s Shadow. They reminded parliament that similar changes had been made last year with the lowering of the maximum stakes allowed at fixed-odds betting terminals from £100 to £2, despite warnings from the betting industry that many outlets would close and jobs would be lost.
Changes in Casino Payment Methods
The report in The Guardian went on to say that the parliamentarians also proposed putting an end to the use of credit cards to fund online gambling. The other area under the spotlight is VIP accounts at online casinos and the article confirmed that tighter restrictions would be imposed on casino VIP accounts. The report revealed that high roller players could potentially accumulate huge debt because of enticing offers like tickets for exclusive events and free bonuses. The Guardian suggested that before online gamblers would be allowed to play their favourite online casino games, they’d have to undergo obligatory checks for affordability. In a recent interview, Harris added that reducing prize limits and stakes is the first step forwards. She also expressed her confusion about the lack of interest from the Gambling Commission and condemned the regulatory body as being irresponsible.
The British online gambling market is massive and with these new reforms, there’s a lot at stake. It’s a fine balancing act finding the most effective ways to regulate the market, protect the more vulnerable while at the same time not scaring off investors, casino, and sportsbook operators. Online gambling remains one of the main areas not perfectly regulated, but as the eyes of the world turn back on this form of entertainment, things are soon bound to change.
Up until now, online casinos have 72 hours to carry out age verification checks before players can withdraw their winnings, but the new rules propose that before clients can fund their account and gamble online, either with real money games or free-play, their ages must be verified.
In a recent press release, Neil McArthur the Gambling Commission CEO confirmed that the drastic changes were being made to protect children and the vulnerable from gambling-related damage and reduce the risk of gambling related crimes.
Online Casino Payment Methods
Moving money securely and speedily is a key factor to the enjoyment of online casino gaming. You’ll want to fund your casino account easily and transfer your winnings quickly. The payment provider you choose depends on a variety of priorities, but with the recent suggestion by British Parliament to not allow credit cards to be used to fund accounts, players have to re-think which method to use. Popular providers such as PaySafeCard,Skrill, Paypal and Bitcoin used at GBP Casinos have many advantages associated to them. In our article we’ll look at what they are.
Skrill used to be known as Moneybookers and both back then and now is still one of the fastest, secure and most affordable way to fund your casino account. Available in over 200 countries and in over 40 currencies, Skrill is being used the world over to fund online shopping and online gambling. It falls under the group of electronic wallets or eWallets, as they are referred to. This is because Skrill can digitally house multiple payment methods including credit cards, debit cards and cash in multiple currencies. One of the greatest benefits is how easy it is to get started with Skrill! By completing an account registration process at the Skrill website is the first step to funding this popular eWallet system. You’ll be asked for your personal information to verify your identity and you’ll also be asked to choose a password and enter a few additional security questions. The final step is to link your Skrill account with your bank account, debit or credit cards for easy deposits free from costly fees.
Skrill offers complete protection as it’s said to be one of the most secure eWallet available today. When using Skrill to make your deposits at online casinos, there’s no need to expose any of your bank account or credit or debit card information. Transactions are anonymous.
Skrill is also associated with very low fees and in fact most online casinos now process Skrill deposits fee from any fees. Once your Skrill account is up and running your deposits will be instant.
PaySafeCard
PaySafeCard isn’t exactly a card in the way we’ve become accustomed to using payment cards, it’s more a convenient e-voucher system that can be topped up to fund your casino account. PaySafeCard is a prepaid system based on vouchers and loading the card doesn’t need bank account information nor any credit card information.
When you use PaySafeCard to fund your casino account, you can rest assured that the voucher company uses the highest SSL Socket security standards to protect your information. Many players enjoy minimum deposit casinos and Skrill is perfect to fund even the lowest deposits. Casinos use sophisticated 128-bit Secure Socket Layer connections to keep your money details secure but using PaySafeCard as your funding choice keeps things even more secure.
PaySafeCard makes use of a multi-layered security PIN codes. Every PIN-code is generated by the system and is completely unique meaning that you can only use the voucher once. This offers a perfect way to ensure that no one can steal your PaySafeCard information.
Another very useful benefit about using PaySafeCard is that the mobile application allows you to keep on eye on how much is left on your voucher, and you’ll never have to worry about going over budget or overspending.
Bitcoin
Bitcoin casinos are becoming the new preferred way of funding online casino accounts. The term Bitcoin casino refers to any online casino that accepts Bitcoin, a form of electronic cash or cryptocurrency. Bitcoin is digital currency that works from a central bank and can be sent from user to user on a peer-to-peer Bitcoin network. In recent years, several Bitcoin casinos have surfaced offering players tailor made casino games and other services like funding their account in Bitcoin as opposed to fiat currency such as the UK Pound.
The greatest advantage of using Bitcoin is that no third party is ever given access to your personal and financial information. Many countries are yet to fully regulate online gambling and as a result players need alternative payment methods free from complications. Bitcoin is by far the best option. Transactions are not processed via a bank and with Bitcoin, players don’t even need to link their debit and credit cards to fund their casino account.
Bitcoin deposits and withdrawals are instant and not subject to taxes and bank transaction fees. This makes it the number one choice for players that want to get funding their account over with quickly, and get down to the business of playing casino games.
Minimum Deposit Casinos
As online casino gaming has continued steadily growing, gaming operators have had to come up with new and exciting ways to attract players to make real money deposit at their casinos. Until recently the lowest minimum deposit of £20 and more but many low stake players didn’t want to participate as they felt the deposit was too high. At some online casinos today you can make the lowest deposit possible of £1 and still qualify for a Welcome Bonus!
If you enjoy playing casino games on the go from your iPhone, Android or tablet or from your desktop but don’t want to invest too much of your money, then we have good news for you! We list a large selection of minimum deposit casinos! Follow our links for the best £1 deposit amounts, £5 deposit amounts, £10 deposit amounts and £20 deposit amounts. Head off to our UK home page and you’ll find some other great articles and reviews, have a read and get caught up with news, reviews and the best online gaming on the internet.