Visa And Mastercard Payment Systems Will Stop Working Wilt Online Casino Germany

German authorities limit the work of payment service providers on gambling platforms, and the online casino is massively stopped working. Last year paypal stopped providing services to the german casino sector, leaving part of its business in the field of sports rates. Now the ban risks the visa and mastercard system. Measures are associated with the adoption of changes in the law on gambling, which will enter into force in july 2021.

So far, the norms of the new law will not start acting, the german online casino remains in the gray regulatory zone. The authorities argue that thely inform about the policies of gambling prohibition, while some federal lands such a course do not support. The governments of schleswig-holstein have officially licensed online casinos. Also allowed to work with operators with european licenses, for example, mga (malta).

Recall that german law enforcement agencies conducted a large-scale operation on the disclosure of illegal landing gambling institutions and virtual gambling platforms.

Klarna’s local payment system continues to cooperate with online casinos and process secure payments from germany. The company expects the authorities to change the attitude towars towars gambling business to more loyal and will be allowed to operate legal operators. At the same time, the government of brandenburg, bremen, hamburg, baden-württemberg and saara have already banned the work of online casinos in their jurisdictions and do not plan to remove restrictions.

At the same time, care from the gambling market of world payment systems stimulated the emergence of new companies. For example, payment operator onlineÜberweisen began providing secure payments on gambling sites, electronic wallets for casino players and cryptocurrency calculation.

Another reason why paypal, visa payment service providers and other major systems promptly left the online casino market in germany – iska players. Online casinos outside the land of schleswig-holstein work without a german license, that is, are in partially regulated gray zone. Legislation gives the right to users to demand from such providers for the compensation of all rates made on their sites. Due to the fear of litigation of the payment system, it turned out to be more profitable to leave the market than to reimburse the requirements for civil claims.