Find banking partners to receive payments from German gamblers

Following deregulation in 2021, Germany’s iGaming industry is set to grow dramatically. While revenues were a respectable €2.8bn in 2021,this is set to hit €3.3bn by 2024. In a country of almost 85 million people, the opportunity for online casinos and bookmakers is huge.

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Challenges for online gaming firms in Germany

German iGaming firms must work through a confusing licensing process, with each of the country’s states running its own system. What is more, many traditional banks in the country are wary of providing payment accounts to iGaming firms, which they see as ‘high risk’.

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Who regulates online gaming in Germany?

There is a somewhat confusing licensing regime for iGaming in Germany, but generally speaking you will need to apply for licenses from the state you base yourself in. Some German states may choose to operate a monopoly for online gaming, but others allow private competition.  

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Discover German iGaming banking solutions with iGaming Core

If you would like to launch an iGaming business in Germany, then you will need a suitable bank or payment service provider. iGaming Core helps you find banking solutions so you can accept German players. We help by:

• Learning about your operations, business structure, license and target market
• Advising you on the right payment accounts toaccept German online gamers
• Finding a partner to process payments from German online gamers
• Introducing you to Germany compliance consultants

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German online card processing for bookmakers

PayPal is the most popular way of depositing money with online casinos and bookmakers in Germany. All major bank cards are used too, asare wire transfers and some e-wallets. Cash2Code, MuchBetter and OnlineUberweisung are popular local services among many Germans.

Contact ustoday to start accepting payments to your German iGaming website

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