Skip to main content

Payment Services to Block Brazilian Transactions in 2018

Recently updated on January 15th, 2018

Leading online payment services are starting to withdraw from the Brazilian market. Two such services, Neteller and Skrill, will begin blocking payments from illegal Internet casinos in February. These banking options are part of the Paysafe Group, which has withdrawn from other markets over illegal gambling concerns.

Skrill no longer accepts deposits and withdrawals from illegal online gambling services in Germany, Australia and Spain. Added to this, Neteller is not available at Canadian casinos at all. However, the exit from Brazil is similar to that of Skrill’s exit from Australia. New legislation has been in the works for a long time, but until it is passed, players cannot use casinos.

Neteller & Skrill Payment Services Exit Brazil

More Market-Based Exits

While this is not the first time payment services have withdrawn from other markets, the legal motivations are certainly not new. Australia’s move to concentrate on local casino operators and tax Internationally-licensed operators led to many service providers leaving the market. From casinos to payment services, the change in laws has made Australia a no-go.

After all, who would want to pay taxes to six different states based on the casino players using their site? The exits of some pretty big names in casinos, such as Vera & John, were just the start. Online poker rooms were suddenly made illegal, and many big poker operators decided to exit. From PokerStars to partypoker, the pickings are slim for AU poker players these days.

Regulators go after Payment Services

Not too long ago, payment services in the Netherlands were facing punishments from the local gambling regulator. That is, until the Dutch Council of State ruled to stop the regulator from going after banking options. While gambling online is technically legal for Dutch players, there are some illegal casinos that use payment services like Neteller and Skrill.

On the other hand, the lack of regulatory framework in Brazil makes it difficult for payment services to legally go after these casinos or protect their players. We’re not saying that this is ideal, but the fact that Brazilian authorities are dragging their feet over new proposed laws isn’t helping. Keep visiting New Zealand Casinos for more gambling news and updates on this story.



Related Posts

Buffalo Wild Wings Partners with MGM to Offer Free Sports Betting at Restaurants

Buffalo Wild Wings Partners with MGM to Offer Betting at Restaurants

Recently updated on September 6th, 2019Buffalo Wild Wings, one of the largest international restaurants, has partnered with MGM Resorts in a deal that will see the joint’s customers playing free games and offered sports betting tests. The two companies announced the news this week stating that the deal would in the US “deliver sports gaming […]

New Lottery Commission to Benefit Agents in AU

New Lottery Commission AU

Recently updated on August 22nd, 2019 The Andrews Labour Government in Victoria, south-eastern Australia, has implemented a new lottery commission which will change how lottery tickets are sold in the region. The new lottery commission method poses great benefits for hundreds of news and lottery agents in Victoria, many of which are small businesses. The […]

PGF Raises Concerns over Racing Industry Reforms

PGF Raises Concerns over Racing Industry Reforms

Recently updated on July 8th, 2019The Problem Gambling Foundation (PGF) of New Zealand has raised concerns over gambling-related harm associated with reforms to the Racing Industry. When the reforms were announced earlier this year, they were aimed at improving revenue intake. However, the latest plans to regulate the reform could affect at-risk communities negatively. According […]

Helen Whately New Minister In Charge of UK Gambling Industry

Helen Whately UK

Recently updated on September 15th, 2019Helen Whately has been appointed by the DCMS, Department of Digital, Culture, Media and Sports, as a new minister that will oversee the British gambling industry. Whately is the current Member of Parliament for Faversham and Mid Kent. Helen Whately is taking over from Rebecca Pow. She is reportedly moving […]