Close Bottom Menu CLOSE

Why join our Telegram

Telegram
  • list icon EXCLUSIVE Betting Bonuses
  • list icon 24/7 Pre-Match & Live Predictions
  • list icon New Unrestricted Bookmakers
  • list icon €1,000 In Monthly Giveaways
Join Our Community
Telegram

Gambling on Visa cards to be banned in Germany

2 Jun 2020

visa-banned-in-germanyVisa cards could soon be banned from online casinos that operate in the German market due to illegal gambling transactions that reportedly take place. More specifically, Visa has requested its partner banks in Germany to stop processing both deposits and withdrawals being made with its cards on online casinos; in order to make sure that only legal and properly regulated payments are processed.

Visa Ban Part of a Bigger German Initiative

It is worth noting that some German gamblers asked why their cards are no longer accepted by online casinos, and most operators responded that they would be suspending credit card payments until further notice. Other operators, such as Tipico, no longer mention Visa on their webpage, while Bwin declared that from now on Visa cards are only available for sports betting.

It is also worth mentioning that a year ago, government officials asked PayPal to block German players’ transactions on international online casinos. Furthermore, in January, local banks were warned against processing payments that were related to foreign online casinos. As a matter of fact, the government has launched a crackdown on payment processors in order to combat illegal gambling in any possible way.

Germany has already introduced a new plan regarding online gambling licenses, through which it aims to regulate the market by July 1, 2021. Its main objective is to grant licenses to online casinos, by placing some limitations though on their operations. More specifically, it is planning to limit its slot stakes, prevent its players from logging on to two sites at the same time and prohibit third-party marketing affiliates. Nevertheless, several operators are opposed to these propositions and as a matter of fact, an Austrian bookmaker claimed in court that the whole process lacks transparency.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY
How Mbappe’s Injury Affects All Euro 2024 Bets Featured Image

French superstar Kylian Mbappe suffered a broken nose after a collision with Austria’s Kevin Danso. He was later subbed off and was taken to the...

Read more »

Bookmakers With A Dedicated Euro 2024 Section Featured Image

This summer, 24 nations will battle in the 17th edition of the European Football Championship. Scheduled to take place in Germany, the competition is ...

Read more »

How Injuries Affect Euro 2024 Odds Featured Image

As the Euro 2024 approaches, fans are at the edge of their seats. However, as it happens with every major competition, several notable footballers hav...

Read more »

Lucas Paqueta Charged For Betting Breaches Featured Image

The Brazilian international Lucas Paqueta has been charged by the FA for the “improper purpose of affecting the betting market”. Paqueta, ...

Read more »

Tyson Fury vs Oleksandr Usyk Odds Featured Image

After a long wait, the boxing world is finally on the verge of crowing the first undisputed heavyweight champion since 1999, when Lennox Lewis took do...

Read more »

Conor McGregor Partners with Duelbits Featured Image

On May 13th, 2024, Duelbits, a leading site in crypto gambling, issued a press release to announce that it has partnered with MMA legend Conor McGrego...

Read more »

EveryMatrix Record Net Revenue in Q1 Featured Image

EveryMatrix announced that the company achieved a record €39 million in revenue in the year’s first quarter. This constitutes a stunning 66% inc...

Read more »

Conor McGregor Next Fight Odds Featured Image

After a nearly three-year absence, Conor McGregor will fight Michael Chandler in UFC 303 on June 30th. UFC president Dana White announced the clash, w...

Read more »

ΝΒΑ Investigates Raptors’ Center Jontay Porter for Betting Irregularities Featured Image

The Raptors Center became unavailable for March 25th’s clash against the Brooklyn Nets. The NBA intervened, and Porter sat out until the league ...

Read more »

Next Liverpool Manager Odds: Who Will Succeed Jurgen Klopp? Featured Image

Jurgen Klopp’s announcement that he will leave Liverpool at the end of the season shocked the football world. The German will depart from Anfiel...

Read more »

LATEST BOOKMAKER PROMOTIONS
bookmaker banner
bookmaker banner