Paypal



  • Can paypal payments be added? Would provide an alternative to credit card payments & compliment debit card payments.



  • & it doesn't look good having gambling payments on a credit card!



  • @pwp23

    Don't see why this cannot be an option. Seems straight forward.

    Not sure how much notice is paid to the fact gambling on a credit card. As long as you make repayments the banks are quids in.



  • @ACBlue said in Paypal:

    @pwp23

    Don't see why this cannot be an option. Seems straight forward.

    Not sure how much notice is paid to the fact gambling on a credit card. As long as you make repayments the banks are quids in.

    The only real issue comes with mortgage checks- I've known one or two come into a sticky issue when the banks look and see frequent/large (both!) deposits into gambling sites. Apparently it implies 'unpredictability', which is obviously what the banks don't want when it comes to repayments.



  • @CleanShirtTrader

    Blimey. Hadn't realised they were looked at in that much depth.

    That's sure worth knowing!!!



  • @ACBlue @CleanShirtTrader I've also heard of credit card limits dropping considerably overnight, likely as a result of financial spread betting



  • @ACBlue About 5 years ago their approach changed- they want things like the last 3 months bank statements, savings accounts etc and go through it all. It's to check affordability and to see how close to £0 you get each month - I've been told even little things like eating out a lot can put you at risk (though I'm not sure how true that is).



  • Assume nothing came of this idea as this thread was top of the search results when I Googled it. Is the appetite still there? It would be my preferred payment method...



  • @ACBlue This is true. Because I use my credit card for gambling it means Halifax charge me interest which they would not do if I wasn't using the card for gambling.



  • Cash withdrawal on credit card (funding betting account) generally leads to instant high charges which means even if you turn profit from the investment that profit needs to be bigger than the daily interest you are paying on credit card.

    Debit card is the sensible option.



  • A credit card should never be used for gambling sites as it is like withdrawing cash which means a fee is applicable
    Debit card is the best option but that offcourse means you need to have the cash in the account (or an overdraft facility) in the first place
    PayPal could / should be added perhaps however it does attract fees and maybe that’s why is not an option?


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