Visa to halt payments services for online gambling sites in Germany

in Finance

The third amendment of the State Treaty on Gambling states that online gambling in most of its forms in Germany is illegal, except for sports betting, the state-run lotteries, and the Schleswig-Holstein province.

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, The Paypers reports. 

The third amendment of the State Treaty on Gambling states that 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 methodsTipico has removed the Visa logo from its website, while Bwin states that the Visa payment is only accepted for sports betting.

https://www.yogonet.com/international/noticias/2020/05/29/53409-visa-to-halt-payments-services-for-online-gambling-sites-in-germany?amp