Deposit and Withdrawal Guide for GamStop Users
The gambling industry in the UK is a multi-billion dollar business yielding massive returns for the government each year which keeps on growing according to the statistics. Every 6 months on average 5.9 billion euros is accumulated as profit. But as the graph of profit rises, the number of problematic gamblers grows. Gambling as a sport is highly addictive and can bring a number of issues to a gambler’s life if not done in moderation. Almost 1.4 million people in the UK are problem gamblers according to surveys done by Gambleaware.
Further surveys have concluded that almost 7% of the entire adult population has been directly affected by gambling problems whereas almost 5 million people have encountered some kind of harm related to gambling.
About United Kingdom Gaming Commission
The United Kingdom Gambling Commission regulates the entire gambling business taking place all over Great Britain including National Lottery as well as the individuals engaging themselves in the activity by safeguarding them. The UKGC makes sure of the fairness of the games. UKGC is also associated with licensing operators and making sure that the standards of the authority are being maintained by the operators.
GamStop is an independently operating self-exclusion service that helps prevent gamblers from overindulging. Powered by UKGC, GamStop is available for free within the boundaries of the UK.
GamStop is on the rise and offers voluntary exclusion from entering any gambling website registered under the UKGC for which the user has to select the span of exclusion according to their wish which can range from six months to five years. Every gambling operator registered under UKGC is bound to comply with GamStop. Self exclusions from gambling as time and time again proved itself to be effective on affected punters.
Deposit and Withdrawal Options Unavailable to GamStop users
When a punter is registered under GamStop, an exclusion is imposed on payment procedures through certain media to help him abstain from overindulging in gambling. Boku Pay By phone, PayPal are two of such options that are Not available for GamStop users.
When it comes to gambling, PayPal can be considered as one of the most widely used options for carrying out transactions. Even these PayPal online casinos and slots sites can hardly accept GamStop customers within the boundaries of the UK because right after being registered under GamStop. A person is automatically banned from accessing certain information without which transactions on PayPal will not be completely executed.
Boku Phone Billing
For the ones who are not familiar, Boku payment is one of the most favourite transaction gateways for UK citizens. In this case, payments are rearranged according to the phone billing system. After the implementation of new gambling laws in 2020, the popularity has further experienced a spike. Throughout the entire self-exclusion, for a particular time being there is a ban on Boku payment. However, people can continue making payments through Boku using non GamStop sites.
Payments Gateways that are Available for GamStop Users
Although several modes of payment are not available for GamStop users to fund their expenses, there are several that are readily available yet hassle-free and secure to carry out transactions without a headache. Apart from that, there are several wallet options including cryptocurrency to further fuel the purpose. We are about to discuss some of such here.
In current days, card payments are the most generally used payment gateway to complete any transaction be it in any part of the world. Using banking cards to complete a payment for gambling expenses is not a very safe option despite its easy availability. GamStop players can often face problems in doing so as these days many extra charges are levied upon gambling expenses.
The use of digital wallets is on the rise these days and they are a viable option for GamStop users to fund their gambling transactions. These are virtual accounts linked with bank accounts that help easy transactions. Perfect Money, Skrill, Neteller, Ecopayz are some of the most popular options among e-wallets.
Every player registered under GamStop can use Cryptocurrency to fund their gambling expenses and non GamStop casinos accept it too. Bitcoin and Etherium are the most popular options to carry out these transactions.
A study was done about the true rate of rising gambling problems and is often faulty and underestimated which overlooks the need for a stronger vigilance over the risk hovering over recreational gamblers. Although the government considers it to be deeply alarming, policymakers could not escape the fact that the UK requires proper regulation when it comes to gambling activities.
In order to meet the same without stigmatizing gambling as a radically harmful activity, the UK government empowered the United Kingdom Gambling Commission in order to look after all the gambling activities taking place as well as the protection of gambling laws.