Visa warns to discontinue payments services for gambling websites in Germany

Friday 29 May 2020 10:09 CET | News

Visa has told all of its banks and payment processor partners in Germany that it will discontinue its payments services to and from illegal online gambling websites.  

According to the third amendment of the State Treaty on Gambling, online gambling in most of its forms in Germany is illegal, with the exception of sports betting and the state-run lotteries, as well as within the geographic constraints of the Schleswig-Holstein province where there is a special law that allows it.

Most of the offshore casino operators already reacted to the warning by Visa, removing the deposit and withdrawal option from their payment methods. Two of such the companies are Tipico and Bwin. Tipico has removed the Visa logo from its website, while Bwin states that the Visa payment is only accepted for sports betting. 

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Keywords: Germany, Visa, cards, payments , online gambling, online payments, banks, payment processors, illegal activities, law, regulations, withdrawal, sports betting
Categories: Payments & Commerce
Countries: Germany
This article is part of category

Payments & Commerce