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.

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 will 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 the 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 at regulating 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 their slots stakes, prevent their players from logging on 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

Kaizen Gaming’s online bookmaker Betano has finalised a deal with the Romanian Football Federation, which allows it to become the naming partner...

Read more »

The online sportsbook Vbet has extended the partnership with AS Monaco for three more years until 2025. The deal, which began in 2020, will allow the ...

Read more »

The Ministry of Culture and Gender Equality in Norway has begun consultations to introduce a new Gambling Act to replace the Lottery Act, the Totaliza...

Read more »

The online gaming giant Entain, the owner of brands like Interwetten, has won the Advanced Safer Gambling Standard award by GamCare for providing play...

Read more »

One of the pioneers of online betting, Interwetten, has signed a new regional long-term sponsorship deal with English football giants Liverpool FC. Fa...

Read more »

The global online sportsbook 1xBet recently paid out some big winnings. A bettor from Yaounde, Cameroon, signed up with the bookie and placed a 12 eve...

Read more »

The international online sportsbook NetBet has added Apple Pay as a payment option for French players giving locals another top-notch method for depos...

Read more »

The online gambling operator Kindred Group, which incorporates several brands like Unibet, has announced that it will further contribute to the mental...

Read more »

The Treasury of Kenya has published the 2022 Finance Bill, which re-introduces the controversial 20% tax rate on wagering stakes. Despite the protests...

Read more »

The international gaming operator Vbet has joined the International Betting Integrity Association (IBIA), adding to the platform’s global integr...

Read more »

LATEST BOOKMAKER PROMOTIONS