A Brief Overview of Austrian Casinos

Recently, the Austrian gambling industry has also been a subject of hot debate. The key reason behind this is the monopoly of the Austrian government in the industry. With the passing of the Glücksspielgesetz, also known as the Gambling Act, things turned a new leaf.

Today, the Ministry of Finance oversees, licenses, and regulates all gaming operations in the country. This also reaches as far as online casinos, lotteries, and sports betting. The industry is regulated on a national and federal level, and this ultimately benefits Austrian players — especially those searching for safe websites and promotions such as the casinochan bonus.

How so?

Mainly due to the fact that Austrian players are assured maximum protection when gaming in licensed casinos. Austrian gambling laws work to restrict risks for players. This is achieved through ensuring strict licensing conditions and the implementation of responsible gaming rules.

Of all the land-based casino licenses, a majority are owned by Casinos Austria International, a world-famous company. There is only one online casino that has a legitimate Austrian license. As such, the majority of Austrian players utilize offshore online casinos, simply because they offer more games and more enticing promotions.

As a result, most offshore operators are looking to target the Austrian market. That said, land casinos are still more preferred by Austrians compared to their online counterparts.

Types of Casinos in Austria

Casino Apps in Austria

Similar to other regions of the world, Austrian operators have embraced the increased use of mobile devices. Casino fans in Austria can play their preferred games through mobile websites or specific iOS/Android apps.

Fast-Payout Casinos in Austria

After legality and bonus comes payout speed as a favorite consideration for the majority of players. Austrian players are no exception. Fortunately, the majority of Austrian casinos do everything in their power to ensure players don't take long to receive their winnings.

This is largely because these operators accept several Austria-friendly payment processors. Most favored among them are e-wallets and cryptocurrencies, which are the fastest, followed by bank transfers and debit cards.

Some operators also remove the need for advanced KYC verification processes. However, players must ensure that other security elements exist within them to protect their funds.

Crypto Casinos in Austria

More and more Austrian gamers are using cryptocurrencies for their casino play online — and it's not difficult to see why. Cryptocurrencies offer anonymity, unmatched transaction speed, and transparency. However, not all crypto casinos targeting the Austrian players are created equal.

Common Payment Methods in Austrian Casinos

EPS

The Electronic Payment System (EPS-Überweisung) is a favorite internet banking tool for Austrians. Created by the nation's premier national financial watchdog, EPS allows safe payments without revealing sensitive banking details. Its ease of use and security have made it gain a following in Austria.

EPS is eligible for deposits in most Austrian internet casinos. It is available to anyone who has an account in any Austrian bank, without extra fees. However, it doesn't support withdrawals.

To deposit using EPS, select your bank and your login information. A security question will be sent to your mobile phone as a transaction confirmation method.

Giropay

Giropay is also very popular online banking method among Austrians. It's also well-known for instant deposits and is accepted by numerous banks in Austria and Germany.

Just like EPS, Giropay does not require an extra account. Players just have to select it as deposit method, enter account number and PIN, and the transaction is done before they know it.

However, Giropay does not offer casino withdrawal support. It also charges a fixed transaction fee as well as a variable percentage of the deposit value, ranging from 0.9% to 1.2%.

Neteller

You should have at least once used Neteller for deposit/withdrawal in your online casino journey. This innovative e-wallet solution is operated by Paysafe Holdings and supports more than 50 countries.

Neteller offers transactions in over 40 fiat and popular cryptocurrencies. It is regulated by the Financial Services Authority (FSA), making it even more credible.

Gamblers adore Neteller due to its speed and simplicity, with instant deposits and withdrawals that are typically processed within 24 hours.

Transaction charges are between 0% and 4.49%. Most of the trustworthy operators don't charge extra on their Neteller fees. For Neteller to be used, players must open an account, confirm their identity, and credit their wallet — following which withdrawals are smooth.

Payz

Finally, Payz is the other popular choice among Austrian players. It was originally named EcoCard but has become a worldwide e-payment solution.

Payz is now in a financial services ecosystem that allows it to conduct business all over the EU. It has also integrated with MasterCard, begun a mobile application, and has support for multiple languages and currencies — including crypto.

Accessible in more than 150 countries, Payz is worth its weight in simplicity and security. Deposits are free and immediate, while withdrawals can take between 48 hours or longer if a virtual or debit card is utilized.

A standard 2% withdrawal fee is charged when utilizing Payz.