We have some news affecting the country of Brazil and their relations to online gambling. Bigtimer deposit and withdrawal methods, Neteller and Skrill, are pulling out of Brazil. We know regulations in various countries have a grey cloud hovering over them. Therefore, certain companies prefer to pull out rather than risking any potential legal issues in a particular jurisdiction. Let’s look into what this can mean for Brazilian online casinos and what implications are there for the payment method companies.
Do you think its a coincidence that both Skrill and Neteller are pulling out of Brazil? Not really, both are operated by the same company, along with Paysafecard. So as we can see it was a decision made by the company called PaySafe Group which operates the three brands previously mentioned. We know for a fact that there will be lower income from this departure of their services in Brazil. They have even already stopped working with users from Australia, Germany, Spain, and France. But, PaySafe Group understands the risks of working in an unregulated market. In the long run, it is safer to prohibit any action and be ready to pounce on the market once it’s regulated.
We know Skrill and Neteller are one of the most popular deposit and withdrawal method in online gambling. However, now that they left Brazilian online casinos high and dry, there will be others contending the throne. We know Boleto Bancario is a big name in Brazil and is a heavy option to continue some growth. Some online casinos using Boleto Bancario are Queen Vegas Casino, Omni Casino, and Omni Slots.
So there you have it, some come and go like Skrill and Neteller, while others might get stronger like Boleto Bancario. It is a safe choice and only accepts Brazilian players, meaning you won’t have any language or banking issues. The process is not instant so players will have to wait some time, but at least it’s efficient. If you have any questions or find another Brazilian casino payment method, please let us know!