Australian credit card gambling under fire in bank report
Australian credit card gambling under fire in bank report
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Australia’s online gamblers could find themselves unable to use credit cards to fund their wagering if the banking industry adopts the findings of a new report.
One year ago, the Australian Banking Association (ABA) announced a consultation to solicit community views on the use of credit cards for gambling transactions. The findings of that consultation have now been released and they could spell trouble for the country’s online betting licensees.
The Every Customer Counts report is based on 40 written submissions from betting operators, gambling counsellors, consumer advocates, academics and government agencies, along with 813 individuals who responded to the short-form web survey.