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 These banking options are part of the Paysafe Group, which has withdrawn from other markets over illegal gambling concerns.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While this is not the first time payment services have withdrawn from other markets, the legal motivations are certainly not new.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

Chinese Online Gambling Costs the State NZ$375 Billion

chinese online gambling NZ

Recently updated on September 13th, 2019The popularity of Chinese online gambling is growing and the republic isn’t happy with the effects on its society. Online casinos on the other side of the world offer Chinese gamblers hundreds of gaming sessions for popular casino games on the internet. A single baccarat table at these casino sites […]

Dunedin Casino Allegedly Using Face Recognition CCTV

Face Recognition Claims at Dunedin Casino – NZ Tech News

Recently updated on May 23rd, 2018New Zealand businesses are investing in face recognition technology to identify their customers. More specifically, overseas retailers are using it to identify shoplifters. What’s more, law enforcement agencies use the same tech to track down criminals. So, what else can face recognition be used for in NZ? Well, Foodstuffs supermarkets […]

Booongo October Fest Tournament Starts 15 October

Booongo October Fest Tournament

Recently updated on October 13th, 2020We’re happy to announce that the Booongo October Fest Tournament is taking place this week. Oktoberfest celebrations are being kicked off at two of our favourite online casinos this month. Starting on 15 October, Wild Card City and King Johnnie connect you to the Booongo October Fest Tournament. During the […]

US MegaMillions Betting Surges in Australia

US MegaMillions Betting Legality in Australia – NZ Gambling News

Recently updated on October 23rd, 2018Despite calls for banning third-party betting on lotteries, Australian bets are reportedly rising for the US MegaMillions. According to TheLotter.com, AU ticket sales have ‘sky-rocketed’, along with bets. Many punters have been using Lottoland and TheLotter.com to place their bets, probably for the last time. The jackpot for the American […]

Senate Committee Rejected Brazil Gambling Bill

Brazil Gambling Bill Rejected by Committee

Recently updated on March 12th, 2018After almost a year of stalling, a Brazil Gambling bill was finally considered by a specialised Senate committee. However, the Brazilian Comisión de Constitución, Justicia y Ciudadanía (CCJ) voted against legalising gambling in the country. When it was first introduced in 2014 by Senator Ciro Noguiera, the bill sought to […]