Online Casino Deposit Methods for Germans

Germany is one of the newer online casino game play markets available in today’s expanding operator industry. So, it’s no wonder eager online casino players are constantly looking for new ways to gain access to the numerous German-oriented online platforms. If you are wondering about this and would like to find out more about the process of playing, and just as importantly payment processing, then read on. Anything from a legal basis to local processing companies could be useful in the search for good online casinos and suitable banking methods.

ULTIMATED GUIDE: GERMAN ONLINE CASINOS

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Is it legal to play for real money online in Germany?

Despite the relatively established status of the matter, online gambling is still an issue for many countries across Europe and globally. Considering that Germany is one of the most populated member-states of the EU and a massive influence in European politics and culture, their legal regulative is bound to influence the remaining part of the continent.
The country’s current state of legal affairs regarding online gambling is rather complicated. It started off with the country banning all activities of this kind, but one of the states in the country disagreed and used their right to conduct a different online gambling legislation. The German Interstate Treaty confirmed the general ban, but recent amendments have made it permissive to online lottery and several online sportsbook platforms.

Popular payment methods in Germany

With the changing situation in Germany, and especially the Glückspeilgesetz law of the pro-gambling German state, the Interstate German Treaty ultimately lost some of its potency. Once specific types of online platforms were legally allowed to operate, online casinos didn’t take too much to follow. This meant that German players would not face any charges for playing, but shouldn’t expect any legal protection in case their funds are abused or completely taken away by the operator.

Credit and debit cards

Using credit and debit cards, as well as prepaid or gift cards for online payments has become an everyday practice, mainly due to numerous online retailers that first prompted the practice. Hence, it was only understandable that once an online casino would start operating, it needed to include this payment method in its selection.
Visa, MasterCard and Maestro are the three most popular choices when it comes to credit and debit card deposits and withdrawals. As the most universal of the three, Visa is used in widely various situations, with an emphasis on Visa Electron and Visa Debit. American Express is another popular credit card brand, but with a name suggestive of its origin, there are still many obstacles due to complications and restrictions in the US. Credit & Debit card casinos.

Also read: Casinos accepting bank transfers.

Bank transfers

This payment method is the preferred kind for any online casino, but players still avoid using it. Namely, this is due to the fact that direct bank wire transfers are an extremely secure payment processing method – they involve the banking institution rather directly and thus eliminate all potential chances of third party interference.
However, in order to achieve this level of security, wire transfers require several layers of identification and check-ups. This usually results in a drastic delay due to waiting time for confirmation, procedure execution and further identity security.

Also read: Casinos accepting bank transfers.

Web wallets

The growing number of people using this form of payment processing has made web wallets extremely popular in a rather short time period. The single most popular service of this kind that has existed longer than most other payment processors is PayPal. This financial transaction service is a primary example of the web wallets’ (or e-wallets’) basic operations, and Neteller and Skrill are among the top global online casino e-wallet processors.
Namely, they are online platforms which store your finances and allow you to connect to any online commerce and transfer money in the form of a payment or withdrawal. Your e-wallet is funded using a standard debit or credit card, which is why these services are said to be intermediaries between your private financial information and the online casino operators. Players in Germany are increasingly using this method for their online gambling exploits, as it limits the possibility for anyone to abuse their funds.

Also read: Casinos accepting neteller.

Cryptocurrency

Speaking of payment processing advancements, cryptocurrencies have appeared in recent years with their own set of value criteria and sustainable systems. Among them, the most widely used and famous cryptocurrency is the Bitcoin, which performs payments on its inherent network called blockchain. This payment method is beginning to rise in use, especially due to lack of fees and extremely fast payments, as well as its solid stability and security, but it’s a long way from being the most used service.

Also read: Bitcoin online casinos

Germany-specific banking options

Aside from global payment processors, Germany has decided to exploit the market potentials itself, and has thus introduced specific banking options for local players. These include:

  • Sofort Banking
  • Giropay

The first is a rapid online banking processor available to German players, as well as those in Belgium, Austria and Switzerland. On the other hand, Giropay is an internet payment service providing online banking, which is specifically created and intended for Germany. The best way to learn more is to visit the Cashier page on some of the top recommended sites for German players listed on this website.

How to deposit real money at a German casino site

Even though German casino sites may be relatively newer than other ones, there is no difference between deposit procedures. Just follow a few simple steps and you’ll be OK.

  1. Register for an account at the chosen casino site using basic personal information (make sure the operator is reliable);
  2. Access the payment methods section and choose the one that suits your deposit needs the most (in speed, charging fees, etc.)
  3. Select the chosen method and enter the information to your account with the service – most online casinos perform instant deposits to get you playing within the minute.

Online casino sites accepting the Euro

Many operators which accept German players don’t necessarily accept their local currency. Those sites will need to be funded with a more widely accepted tender, such as the US dollar.

Nevertheless, with Germany in the EU and the Euro as their local currency, it is easy to find reliable online casino operators like Jackpot City that accept both German players and their manner of paying for it.