Published
OnlineCasinoLegal & RegulatoryIndustry

Swiss online casinos facing payment issues

Switzerland’s online casino market is experiencing difficulties with payment processing. Seven licenses have been issued, but not all permitted casinos are open to customers.

swissonlinegaming

Two of the country-regulated and locally licensed casinos, Jackpots.ch and Casino777.ch, discovered that accounts that were topped-up using PostFinance had a significantly low personal account balance. In some cases, lost sums would amount to thousands of francs. Over 1,000 customers have been affected.

PostFinance, a financial service under SwissPost, was considered to be a suitable option for casino gaming because accounts can’t be overdrawn. However, due to system error, PostFinance allowed users to deposit money into the casinos without reflecting the change in the account’s balance. The issue lasted for more than a month and was finally fixed on 8 June, with readjustments of accounts. This left some accounts overdrawn, resulting in locked balance.

The casinos in question are operated by Stadtcasino Baden Group and were among the first to launch in the country’s newly regulated online gambling market.

The group’s CEO Detlef Brose announced the company “will reimburse all game losses that are related to subsequent bookings that were made more than 30 days ago”. The financial service, however, is only offering the payment plan for users with a negative balance.  


Casino News Sponsor
Premium+ Connections
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Light & Wonder
Westgate Resorts
Imagine Live
Live! Casino & Hotel Louisiana
GGA: EMEA 2025 Shortlist
Follow Us

Facing Facts: Q3 2024 analysis

Gambling Insider takes a look at the Q3 results of operators...

Taking stock: The final count of 2024

Gambling Insider tracks operator and supplier prices of some...

CEO Special: Flutter CEO Peter Jackson – Playing to win

As the biggest publicly traded operator in gambling meets th...

CEO Special: Holland Casino CEO Petra de Ruiter – High flier

Petra de Ruiter, Holland Casino CEO, speaks to Gambling Insi...

A welcome from your host

A message from the Founder of the Global Gaming Awards and G...

From the event manager

A message from the Event Manager of the Global Gaming Awards...

From the Awards adjudicator

KPMG in the Crown Dependencies is the official voting adjudi...

The process

The Global Gaming Awards have deservingly earned the reputat...