Norway is a Scandinavian country that is considered a part of Europe despite not being a member of the European Union. This is the reason why Norway is different from the rest of the European countries in many aspects. Online gaming is one of them. Gambling in foreign online casinos is considered illegal in Norway and gamers find it difficult to deposit money and also in withdrawing their winnings form online casinos. There is a complete monopoly of the Norwegian government over online gaming, courtesy, mostly of Norsk Rikstoto and Norsk Tipping.
The biggest blow to those fond of playing in online casinos in Norway has come from popular wallets such as Neteller and Skrill. These eWallets have said that they will stop processing any payments going to gambling companies. This important change in the payment policy of these wallets became effective since 8 December 2020, thereby making it very difficult for players to deposit and to receive money from online casinos. They will now have to search for casinos that support alternate payment options such as MuchBetter or Ecopayz.
MuchBetter is a faster and safer payment option
MuchBetter is a very popular eWallet being used by large numbers of Norwegians to store money and to send and receive payments. It is loved by the users as they can now confirm payments from their phones without having to remember long and cumbersome passwords. MuchBetter is a very safe and secure app as all the sensitive information about the user are encrypted and kept in the cloud. Also, MuchBetter сasino transaction fee is one of the lowest in the industry but it also comes with many rewards for the users.
EcoPayz
For those disappointed by the refusal of Skrill and Netellar to process payments to gambling merchants, ecoPayz has emerged as a very good option. It is a global payment platform that can be used to send and receive payments from anywhere in the world. It is fast and convenient and can be used to deposit money in numerous online casinos. Opening an account on ecoPayz is free and you will find fees charged by this company very affordable.
Norwegian government passed laws prohibiting banks from processing payments of online casinos in 2017. As these laws hurt the financial interests of gambling merchants, players like EGBA and Entercash challenged them in law courts. However, they received a big jolt when a court in Oslo upheld the decision of the government.
This is the reason why a majority of players in Norway have got accustomed to use eWallets like Neteller and Skrill to deposit money and to withdraw their winnings from online casinos. Gamers found these eWallets not only safe and convenient but also secure. In its objective to discourage gambling in unlicensed casinos and also to promote the state owned gambling companies like Norsk Tipping and Norsk Rikstoto, the Norwegian government has been trying to reduce the cash flow for most eWallets by imposing strict regulations. However, MuchBetter and EcoPayz are still ofering their services to the Norwegian iGamers.
Norwegian government does not want its people to indulge in gambling at unlicensed or foreign online casinos and has a long history of trying to limit payment possibilities for Norwegian players. This is the reason why it has passed regulations to tighten the noose around the necks of banks and eWallets. This decision by Skrill and Neteller to stop payment processing for gamblers and gambling merchants will hurt many online casinos that have listed both these wallets as payment options. However, Norwegian iGamers having eWallets with MuchNetter and EcoPayz can continue play their favorite games at online casinos that accept these payment methods.
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