Shadowdude
Registered User
- Messages
- 10
When withdrawing funds from Paddypower you can request a cheque.
You could, therefore use your credit card to lodge funds and immediately withdraw by cheque.
I think this is what the credit card companies are trying to combat.
What gives MBNA the right to decide what is a 'cash transaction' and what is not?!
The reality is that there is no difference between withdrawing cash from an ATM and lodging what is essentially cash into a betting account....
How soon does the Gambling company get the money ?If its not any sooner than a retailer does then how can it be seen the same as an ATM cash withdrawal? The customer always gambles that the product will be suitable when buying.... whether it be a car, a expensive laptop or some gambling credits.
The Bookie, will receive the money in the same way as any other merchant.
However that is of no concern to the Card Issuer. They are only interested in getting back the funds advanced to the cardholder.
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The funds are the same as cash because what the cardholder is doing is pre-funding an account with cash to conduct gambling transactions. Also remember bookies can alllow punters to withdraw funds by other means.
Hi Shadow
Were the revised terms and conditions sent to you in hard copy?
Was this new charge highlighted?
Have you read the terms and conditions? Did you notice any other change?
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