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Would you let your child loose with your credit card?

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Would you let your child loose with your credit card?

I wouldn't. No matter how much I may trust her I just wouldn't be that stupid.
Schoolboy, 12, uses father's credit card to spend £7,000 on online gambling sites in a WEEK
Quote
Schoolboy Declan Hind was frequently visiting poker websites that used virtual money but when he saw how much he was making he decided to gamble for real.

How long before they want to make gambling sites an opt-in  Roll eyes

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Re: Would you let your child loose with your credit card?

Late night TV, all you get is poker and roulette, cause and effect.  Those that cant control the urge are given a nightly window shop with offers to double you first deposit on a new membership.  Even the bingo sites are cashing in on the weak.
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David_W
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Re: Would you let your child loose with your credit card?

The gambling site took his dads 7k but you can bet that if he'd won £1,000,000 they would have refused to pay out.........
It is a bit silly though, playing for free is easy, I've done that and won a tournament but I wouldn't spend a penny on anything other than the national lottery, won £5.90 on the Euromillions Tuesday! Only cost me £10 in tickets  Embarrassed
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Re: Would you let your child loose with your credit card?

Methinks his Dad should have installed some Net Nanny type of software (even Kaspersky) to prevent access to online gambling sites and other undesirable places.
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Re: Would you let your child loose with your credit card?

Or a pair of eyes where the computer is.
Irresponsible parent is irresponsible.
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David_W
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Re: Would you let your child loose with your credit card?

Doesn't anyone else think it kind of strange that the CC company didn't pick up on unusual transactions and block it until unlocked?  If a CC company notices unusual payments (i.e. large payments made to gambling sites when no payments are in the history) it should flag it up as suspicious which saves the CC company money when it turns out the card was stolen/lost/used without permission.  I have no history of payments to gambling sites on my cards, so if all of a sudden I racked up even a small amount (say £500) it should be noticed on the computers which should then in turn block payments.  Card companies have been known to block even small amounts (less than £10) if the payment in question is unusual for your normal spending patterns.
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Re: Would you let your child loose with your credit card?

Unfortunately that system doesn't always work.
I have had genuine transactions blocked by my bank where I have had to contact them to confirm they were genuinely made by me yet fraudulent transactions of higher amounts and obviously out of character have been allowed without challenge Angry
Even with any safety nets by the banks/credit card companies the ultimate responsibility is with the card-holder in this case as it was not stolen but passed to his son. That, in itself, is against the T&C of most banks/credit card companies I've been with.

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kmilburn
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Re: Would you let your child loose with your credit card?

It could have been worse
Quote
Colin Cochrane claimed to have left his computer at his girlfriend's house and that her son had used his Spreadex account to make trades in oil, gold and silver without his permission. Spreadex argued that Cochrane should have to pay the £50,000 losses that had been run up on his account,

He's lucky however...  Online bookie can't scoop £50k losses made by 5-year-old
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Re: Would you let your child loose with your credit card?

Not sure if this is correct but I always thought that a Gambling Debt was one that could not be enforced, in short it was a debt of honor.
No doubt someone can clarify the position.
If you have paid up front as in a bookies shop or paid by credit card that is a different matter as they have already got the money.
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Re: Would you let your child loose with your credit card?

According to this site:
Quote
It is not illegal for a bookie/casino to offer their clients the facility of use their service now, with the understanding the client pays outstanding monies later.
However when credit is extended in this way, then they can't use the law to enforce payment of the debt.

But:
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If you borrow money from whomever and then lose that money gambling, whomever lent you the money can use the law the chase the debt no matter how you spent the money.

It also states
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In the United States, a law was passed in 2006 to prevent credit cards from being used on online betting website.

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David_W
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Re: Would you let your child loose with your credit card?

That US law (as I recall) was aimed at foreign firms, basically the gambling companies in the US were a bit annoyed that US citizens were spending money in other countries so pressured Washington to do something, so they used a law which was aimed at preventing cross state gambling.  Then when the owners of the foreign websites went to the US they were arrested!