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Which payment methods can Germany rely on for gambling in the future?

George Miller

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Which payment methods can Germany rely on for gambling in the future?
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German players will have to continue playing online casino games without PayPal. The online financial service has cut ties with internationally licensed operators after an injunction was served by the government on October 21st. Transactions to and from online casinos will no longer be available as a result. Several sites such as iGaming Business, have reported that products without authorization by state jurisdictions will be banned.

With German residents restricted from using PayPal as a deposit option for online casinos, we ask what the future holds as far as payment methods goes in Germany. 

Online gambling in Germany

Online gambling is legal in the local state of Schleswig-Holstein, which issues online casino licenses for operators. Between 2008 and 2012, this was the only state where gambling was allowed in the country. In an attempt to open up the market, new rules came into effect in 2012 on a state by state basis. But this has led to more confusion among players trying to make sense of the strict regulations put in place.

While there is a crackdown on the online casinos in the country, sports betting is still available with PayPal. To get a better understanding of what is really going on we asked Thomas Hahn, German gambling market expert at Leadstar Media, to clarify matters.

“The issue is for companies operating both casino and sportsbook under the same umbrella, if the two are associated with each other, they are not allowed to offer PayPal as a payment option any longer.”

Some online gambling operators have therefore separated their online casino product and sportsbooks. According to their site MyWettbonus.de, german betting sites with PayPal is still a viable option for the players. 

When asked what this means for them as an affiliate, he said:

“The German market is a big one for us, so obviously it hasn’t gone unnoticed as this is kind of a big deal in Germany. We’ve had to make some changes to stay up to date with the current bookmakers that offer PayPal as well as the online casinos we list on MyCasinoFreunde.de. It’s too early yet for us to see any impact of this, but Germany is a country that adapts swiftly to new trends. As long as we update our visitors with the latest information in regards to this and offer other solutions, it shouldn’t have too much of a negative impact on us. ” 

The future of online gambling in Germany

Online casinos are still not allowed to market towards consumers outside of Schleswig-Holstein, but that might soon change. The remaining 15 states in Germany have plans to license online sports betting in the coming years. June 30th 2021 has been earmarked as the date for states to have reached a consensus. 

Whether or not PayPal’s new German terms of service will still be effective by then is unknown at this point. New payment methods have the potential to rise in Germany, leading to a battleground in terms of market share.  

Right now, exciting payment providers such as Trustly and Klarna are options available to the German market and are set to increase in popularity with PayPal out of the equation. On top of that the likes of Apple Pay and Google Pay are also well placed to benefit in the future.

Latest News

Fantasma Games Launches Riviera Star

Niji Narayan

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Fantasma Games Launches Riviera Star
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Fantasma Games has released its latest online slot game Riviera Star. The glamorous slot delivers plenty of big-win potential with thrilling features including Respins, Free Spins, Sticky Wilds and Multipliers.

Any line win activates the Respin feature and sees all winning symbols locked in their position while the rest of the reels spin. Any new line win during the Respin feature is locked and the rest of the reels spin again. When no new line wins occur, the Respin feature ends.

The unique Superstar feature can be randomly activated at the start of any base game spin and sees the Superstar symbol, which acts as a Sticky Wild, placed randomly at a position on reels two to four. It also boasts an increasing all-win multiplier.

Riviera Star also features a Free Spin bonus game triggered when three Scatter Symbols land during the base game. The player receives ten Free Spins and the Superstar feature and all-wins multiplier are also activated.

“The team has done an excellent job of creating a perfectly balanced slot with a unique Superstar feature that combined with an unlimited multiplier, delivers plenty of big win potential that even the Riviera’s rich and famous will be envious of,” Fredrik Johansson, CEO of Fantasma Games said.

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Industry News

WorldMatch Renovates its Website

Niji Narayan

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WorldMatch Renovates its Website
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Online gaming company WorldMatch has renovated its website to emphasise its 160 slot machines with 70 game engines, 30 table games and all types of video poker, in HTML5 for both desktop and mobile devices. The new site includes a section dedicated to the individual games and the explanation of their technical characteristics.

The new smart search tool allows filtering the slot machines catalogue, according to the required features and as usual, players can play all the games for free to better appreciate the gaming experience. Real-time updates about the release of new titles, partnerships and participation in events are available in the News page.

The graphic restyling is aimed at pointing out WorldMatch’s mission: to offer a wide range of games that will meet every player’s taste.

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Industry News

France’s Française des Jeux Secures New Jackpot Insurance

Niji Narayan

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France’s Française des Jeux Secures New Jackpot Insurance
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Française des Jeux (FDJ), the operator of France’s national lottery games, has announced the implementation of a comprehensive insurance policy to cover its counterparty risk from January 1, 2020.

One of the changes involved in the tax and regulatory reform carried out as part of the privatisation of FDJ was the discontinuation of the “counterparty fund” system.

This reform is part of a broader process of clarifying the relations between the state and the company, which is now responsible for covering counterparty risk through an insurance policy, at its own expense.

FDJ has taken out a comprehensive insurance policy with a number of top-tier French and international insurers and reinsurers to cover its counterparty risk, which will take effect from January 1, 2020.

This contract, drawn up with insurance broker Marsh, provides a guarantee for the gains falling within its scope on an aggregate basis. It provides annual coverage of up to €150 million. All costs related to this insurance policy are in line with expectations and are covered by the planned budget.

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