NDR, a German media outlet reported that VISA has informed its partner banks to halt all online casino deposits and withdrawals via VISA credit cards. This came shortly after a VISA spokesman confirmed that its retail banking affiliates were recently informed to make sure that only legal and properly licensed transactions are processed.
Over the past few weeks, threads in online gambling forums have been filling up with complaints that many casinos were no longer processing MasterCard or Visa payments for their German players. This is understandable since these casinos found themselves in a tight spot – it was either they bar these German online casino payments or lose access to Visa or MasterCard in all the betting markets.
Even so, this ban appears not to be affecting all German operators. Investigations uncovered that Tipico and Bwin still allow players to fund their accounts via the two payment processors. When asked about the matter, the sites’ representatives reportedly told the German press that they found the gambling treaty of the German State that purportedly outlaws online casino gaming inconsistent with the European Union constitution.
Germany’s endeavors to cutting off online casino payments on internationally licensed gambling sites begun in June 2019 with an online payment merchant, PayPal. A few months later, all its German customers were cut off from the payment processor. At the start of this year, the Lower Saxony ministry of interior reminded all industry associations for the German banking industry to honor their online gambling commitments.
This week, the Ministry also spoke to the local press about how they were talking with 19 payment merchants, with 9 among them already halted processing payments for German players. German authorities are however determined to launch the state’s regulated online market by 2021 despite the limitations that are currently facing the process.