CasinoTopsOnline has news on where German casino enthusiasts canstill let the good times roll
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FRANKFURT, Germany,Aug. 17, 2020 /PRNewswire/ -- Theinternational iGaming industry is eagerly awaiting Germany to fully regulate their online casinomarket and thus ensure that playing in an online casino is fullylegalized in the country. But until then, there is still a goodnumber of reliable and internationally licensed casinos targetingthe German online player. While some have already pulled out of themarket, others have found ways around the Visa and Mastercard banimposed by the German government. CasinoTopsOnline, a proven guidefor online casino players, provides up-to-date advice on availablecasino payment methods.
Until the expected gaming law comes into force in July 2021, online casinos operating inGermany will remain in a kind ofgrey market. The state claims to try to prevent gambling, althoughthe federal state of Schleswig-Holstein has officially licensedonline casinos. European online gambling licenses are alsoavailable - under strict conditions by the MGA in Malta.
In this stalemate, the authorities are trying to clamp down onwell-known payment service providers like Visa and Mastercard.These have been threatened with a ban. Earlier on, in the pastyear, popular payment service providers PayPal, was forced towithdraw completely from the German casino market yet retainingsome business in sport betting. In the summer of 2020, the law ofthe public provider was changed, which prompted some online casinosto withdrawn completely from the German market or that they atleast henceforward prevent payment transactions with Visa andMastercard for German players.
Companies like Klarna handle secure online casino payments, alsofrom Germany. They are waiting forthe new regulations to come into force and expect the onlinegambling market to continue to be tolerated in Germany until that day. A spokesman for thepayment service provider Klarna has said that he expects atemporary tolerance of gambling activities in the Germanjurisdiction. However, some federal states like Brandenburg,Bremen, Hamburg, Baden-Württemberg and the Saarlandalready rejected that idea.
Which new payment methods are available for German onlinecasinos?
So, what will be left for casino enthusiasts? Luckily,passionate casino players in Germany do not need to rely on PayPal andcredit cards. New payment providers, such as OnlineÜberweisen, haveentered the market and offer safe payment solutions in addition toeWallets like Neteller, Skrill, ecoCard or even deposits made witha choice of crypto currencies.
Another reason why payment service providers like PayPal andVisa have so willingly abandoned the German online casino market,are the number of civil lawsuits. Smart lawyers advise clients ofthe grey area rights and let them sue for reimbursement of lostdeposits. Since online casinos outside of Schleswig Holsteinoperate without a German license, these plaintiff's lawyers insiston reimbursement of all gambled stakes. This process is rarelycrowned by success.
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JohnSmith
john.smith@casinotopsonline.com
This information was brought to you by Cisionhttp://news.cision.com
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So, what will be left for casino enthusiasts? Luckily,passionate casino players in Germany do not need to rely on PayPal andcredit cards. New payment providers, such as OnlineÜberweisen, haveentered the market and offer safe payment solutions in addition toeWallets like Neteller, Skrill, ecoCard or even deposits made witha choice of crypto currencies.
Another reason why payment service providers like PayPal andVisa have so willingly abandoned the German online casino market,are the number of civil lawsuits. Smart lawyers advise clients ofthe grey area rights and let them sue for reimbursement of lostdeposits. Since online casinos outside of Schleswig Holsteinoperate without a German license, these plaintiff's lawyers insiston reimbursement of all gambled stakes. This process is rarelycrowned by success.
Hollywood Casino Players Card
CONTACT:
Casino Playing Cards
JohnSmith
john.smith@casinotopsonline.com
This information was brought to you by Cisionhttp://news.cision.com
https://news.cision.com/casinotopsonline/r/germany-bans-credit-card-transactions-from-online-casinos,c3169908