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Online Gambling with credit cards

Just as bad (maybe worse) than the payday loan “industry”.

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And this is the real motivation for the grubby banks.

“People using credit cards to gamble is a most lucrative revenue stream for banks. The money is considered a cash advance, so interest is charged from Day 1, and usually at slightly higher rate than even the normal usurious rate, and banks often charge a hefty cash advance fee.”

And they also undoubtedly charge the gambling operators their normal merchant fees.

As bad or worse than the gambling operators.

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