Find banking partners to receive payments to your Greek iGaming business

Online gaming in Greece has soared in recent years – hitting total gaming revenue of €22.5 bn in 2021 – nine times more than in 2015. With the market expected to grow at 4.78%annually until 2027, now is a great time to launch a Greek online gaming business.

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Challenges for online gaming firms in Greece

Despite the popularity of online gaming in Greece, opening a payment account to receive deposits and distribute winnings remains challenging. Many banks in Greece view the iGaming sector as ‘high risk’, and so opening a payment account can be time consuming.

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Who regulates online gaming in Greece?

The Hellenic Gaming Commission regulates iGaming in Greece. The licensing process is relatively expensive, with licenses priced at €3m for online sports betting and €2m for other online games – although they do last for seven years. You’ll pay tax of 35% on GGY.  

Discover Greece iGaming banking solutions with iGaming Core

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Looking to enter the Greek iGaming market? Then you will need an account with a bank, electronic money institution or a payment institution that can serve this market. iGaming Core helps you find banking solutions who for iGaming businesses in Greece. We help by:

•  Learning about your operations, business structure, license and target market
•  Advising you on the right payment accounts for your Greek iGaming company
• Finding a partner to process payments to your Greek iGaming account
• Introducing you to Greek compliance experts

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Greece online card processing for bookmakers

The most common ways for Geeks to pay for online gaming is using debit/credit cards, the Paysafecard, plus e-wallets such as PayPal, Neteller and Skrill. Local payment service provider Viva is also a popular option among Greek online gamers.  

Contact us today to start accepting payments to your Greece iGaming website