Online casinos targeting German consumers will no longer be able to use Visa or Mastercard services, as a fresh wave of punitive legislation targeted at the iGambling industry and payment providers transferring money to and from online casinos has been unleashed.
“Visa has instructed banks in Germany not to accept deposits and withdrawals from online casinos using their cards.”
The company wants to ensure that “only legal, properly licenced transactions are processed” using its credit cards.
In the other hand, German online casino players do not use their Mastercard credit cards to deposit money and withdraw their winnings from gambling websites. Casinos replied generally that Visa and Mastercard had advised them either to exclude the two companies from their lists of available payment options in Germany or to lose access to Visa and Mastercards in all the markets they work.
Lower Saxony ‘s Minister of Interior and Recreation, Boris Pistorius, said last month that payment service providers are “legally obliged to refrain from making payments in connexion with illegal gambling” and urged them to “critically review and, if necessary immediately stop working with companies that practise illegal gambling.”
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