• TradieBET
  • Betfocus
  • QuestBet
  • BoomBet
  • PlayUp
  • Midasbet

Credit Cards Phased Out for Gambling Deposits

June 11th 2024, 12:09pm, By: admin

Changes made to the Interactive Gambling Act 2001 continue to come into affect with the transition period allowing credit card deposits coming to an end. This includes all credit-related deposits and digital wallets. All Australian sports betting sites have now phased out credit card deposits and notified customers, through pop-up messaging and email blasts, of the need to fund their accounts through other methods.

“Australians should not be gambling with money they do not have,” Minister for Communications Michelle Rowland said.

“Last year, the Albanese Labor Government committed to banning credit cards for online wagering – and we’ve delivered. This ban builds on the significant progress to minimise gambling harm that the Albanese Government has made over the past two years, which is already benefitting thousands of vulnerable Australians. Our commitment to ensuring that gambling takes place within a robust legislative framework with strong consumer protections remains steadfast, and we will have more to announce in due course.”

Estimations are that less than 5 per cent of deposits into wagering service providers came via credit cards or credit sources, with all parties transitioning account holders away from this funding method over the past six months. New deposit methods have recently been added with PayID a popular instant deposit method via all major Australian bank account.

Last week, Prime Minister Anthony Albanese wouldn't put a timeline on when the government would respond to the recommendations from the "You Win Some, You Lose More" parliamentary report. He said the issues being addressed were complex and they would have more to announce in due course.

Horse Racing Tips

View More

Our team of expert horse racing analysts bring you regular horse racing tips from major horse racing meetings in Australia and internationally. The highlight of the Australian horse racing calendar is the Spring Carnival, featuring the Caulfield Cup, Cox Plate and, of course, the Melbourne Cup, and we'll be there riding every winner home with you with our free racing tips and best bets. Giddy up!

AFL Tips

View More

For the best AFL tips, stay tuned into Before You Bet as we provide previews and AFL betting tips for every match of every round, as well as coverage of the AFLW Women's competition, AFL premiership odds, Brownlow Medal vote predictions and a rolling Brownlow Medal leaderboard. If you love AFL football as much as us, then you'll enjoy following our AFL betting tips!

Daily Fantasy Sports (DFS)

View More

Daily Fantasy Sports (DFS) has taken off in Australia with fantasy sports and racing proving hugely popular in Australia thanks to the emergence of Draftstars. We have regular DFS tips, strategies and projections for Australian daily fantasy sports players.

NRL Tips

View More

NRL tips for every match of the 2024 NRL season. The National Rugby League is the biggest rugby competition in Australia and we have previews and NRL betting tips for every game, plus best bets for special events like the State of Origin.

WHAT'S GAMBLING REALLY COSTING YOU?
Set a deposit limit.