switzerland

PAYMENT METHODS AND ONLINE CASINOS IN SWITZERLAND

Top Casinos and Best Banking Options for Swiss Players

If you are based in Switzerland and looking for the top online casinos and banking methods to make safe and quick deposits, you have come to the right place. Switzerland has a well-regulated gambling industry, allowing players to enjoy legal casino gaming both offline and online. Since the introduction of the new gambling law in 2019, Swiss players have access to licensed and secure online casinos that provide a wide range of games and safe payment options.

However, with so many choices available, finding the right casino and a reliable banking method can feel overwhelming. That’s why this blog post will be your go-to guide, helping you navigate the best casinos focused on the Swiss players. Thanks to our team of professionals at CBM, you will get insights into the top banking methods that allow you to deposit and withdraw funds with ease, high security, and speed. 

Even if you are new to the world of online casinos or already have an online gambling experience, understanding the best options that already exist can make your gambling adventure more enjoyable. Join us for more details and let’s discover how to make the most of your online gaming in Switzerland with top-notch casinos and trusted banking methods!

Best Online Casinos in Switzerland

The demand for quality online casinos in Switzerland is on a huge rise, so we created a detailed list of casinos for all Swiss players who are ready to join the thrill. Our CBM team uses specific criteria to come up with perfect online casino suggestions that will provide you with unique games, hot bonuses, trusted payment methods, and 24/7 customer support for anything. Let’s check our top picks and save a ton of time searching for the best Swiss online casinos out there! 

  • Sportsbook with live betting option
  • Accepts Cryptocurrencies
  • Thousands of casino games
Aktia Payment
Alandsbanken
Bank Transfer logo
Blik logo
CashtoCode logo

18+ | New Customers Only |

T&C Apply
  • Instant deposits
  • High payout limits
Apple Pay logo
Bank Transfer logo
Google Pay logo
Jeton Logo
Mastercard logo

18+ | New Customers Only |

T&C Apply
  • Low deposit limits
  • Fast withdrawals
Aktia Payment
Alandsbanken
Bank Transfer logo
Blik logo
CashtoCode logo

18+ | New Customers Only |

T&C Apply
  • Transactions without fees
  • Instant processing time
Apple Pay logo
Bank Transfer logo
CoinsPaid |ooent method logo
Google Pay logo
iDebit logo

18+ | New Customers Only |

T&C Apply
  • Sports-betting page
  • Daily cashback
  • 3-in-1 welcome bonus
Apple Pay logo
Bank Transfer logo
Boleto Logo
Flexepin Logo
Google Pay logo

18+ | New Customers Only |

T&C Apply
  • Sportsbook page
  • Crypto payment methods
  • Games with high RTP rates
Bank Transfer logo
CashtoCode logo
Flexepin Logo
Inpay logo
Interac Logo

18+ | New Customers Only |

T&C Apply
  • No fees included
  • Low minimum deposit limit
Apple Pay logo
Gw}vopu AstroPay casinos
Bank Transfer logo
CashtoCode logo
CoinsPaid |ooent method logo

18+ | New Customers Only |

T&C Apply
  • No fees included
  • Instnat processing time
Bank Transfer logo
CoinsPaid |ooent method logo
Maestro logo
Mastercard logo
MiFinity |ooent method logo

18+ | New Customers Only |

T&C Apply
  • 4-in-1 welcome bonus
  • Sportsbook page
  • VIP program
Apple Pay logo
Bank Transfer logo
eZeeWallet oooour
Flexepin Logo
Google Pay logo

18+ | New Customers Only |

T&C Apply
  • Instant processing time
  • Acceptable withdrawal limits
Bank Transfer logo
CoinsPaid |ooent method logo
iDebit logo
INSTADEBIT logo
Interac Logo

18+ | New Customers Only |

T&C Apply

Top Casino Banking Methods in Switzerland

To start your gambling journey and credit your casino account, players from Switzerland can choose between multiple banking methods. As technology grows faster, modern payment methods pop up in many online casinos that allow players to enjoy fast, safe, and anonymous transactions with a couple of clicks. Below is a comprehensive list of the best casino payment methods that Swiss players should consider for depositing or withdrawing funds. Enter your favorite online casino in Switzerland and manage your money on the go!

93%
Funid Payment Logo

Review & Best Casinos

  • 200+ payment services included
  • Near-instant deposits and withdrawals
FunID Review
92%
Visa Logo

Review & Best Casinos

  • Fast casino transactions
  • Available around the globe
  • 165 supported currencies
Visa Review
91%
Mastercard logo

Review & Best Casinos

  • A leading payment solution
  • Maximum security
  • Fast & easy casino transactions
Mastercard Review
90%
PayMaya icon

Review & Best Casinos

  • End-to-end digital payments
  • Available worldwide
  • Buy, hold, and manage crypto
Maya Review
90%
BitPace Payment

Review & Best Casinos

  • Convert crypto funds to fiat currencies
  • Payment gateway and wallet solution
  • 75+ supported currencies
BitPace Review
90%
Contiant Payment Method

Review & Best Casinos

  • Accept bank payments in seconds
  • Easy payment reports anytime
  • Deposits with no chargebacks
Contiant Review
90%
PayRedeem banking method

Review & Best Casinos

  • eCards with high-security standards
  • Accepts crypto payments
  • Available as a mobile app
PayRedeem Review
90%
MoonPay banking method

Review & Best Casinos

  • Buy, Sell, and Swap cryptocurrencies
  • Available on iOS and Android devices
  • Non-custodial wallet at checkout
MoonPay Review
90%
Sepa Payment Method

Review & Best Casinos

  • Accepted in 32 European countries
  • No fees for EU transactions
  • Available for mobile transfers
SEPA Review
90%
APLAUZ Payment

Review & Best Casinos

  • Voucher payment system
  • Wide availability in different countries
  • Fast, safe, and anonymous transactions
Aplauz Review
90%
PayZen banking method logo

Review & Best Casinos

  • Supported by many payment methods
  • API Integrations for many purposes
  • Fast and safe transactions
PayZen Review
90%
Jpay banking method

Review & Best Casinos

  • Free mobile app
  • Fast and safe transactions
  • Send funds to select Federal prisons.
JPay Review

Laws and Regulations on Online Gambling in Switzerland

Regulation icon

Switzerland has a well-structured legal framework for online gambling, providing players with safe, regulated options for gaming. The Federal Act on Money Games, which came into effect in 2019, marked a significant change in the Swiss gambling landscape. This law allows Swiss online casinos to operate legally, provided they are partnered with land-based casinos licensed in Switzerland. As a result, only Swiss-approved and regulated online casinos can offer their services to players in the country.

The Swiss Federal Gaming Board (SFGB) closely monitors all gambling activities to ensure compliance with strict standards designed to protect players. One of the key aspects of the regulation is player protection, which includes tools like deposit limits and self-exclusion options. 

Games of skill and lotteries don’t need a license under the Money Gaming Act if they meet certain conditions. For example: 

  • They must be held for a short time, usually to help boost sales.
  • They shouldn’t encourage excessive gambling or put players at risk. 
  • Participation must either be free or only require the purchase of goods or services at regular market prices. 

This allows businesses to offer small games and lotteries without the need for strict regulations, as long as they follow these rules.

Foreign gambling sites, on the other hand, that don’t have a Swiss license are blocked, ensuring that Swiss players gamble on platforms that adhere to local laws and regulations. For Swiss players, these laws mean more secure and trustworthy gaming experiences. For example, if you deposit money or cash out your winnings, Swiss-licensed online casinos will provide you peace of mind with strict regulations and secure banking methods. However, there are strict laws and regulations for international gambling sites that still want to operate in the Swiss market.

Certificate icon

Swiss Laws for International Gambling Providers

To ensure compliance with Swiss law, especially regarding the protection of players and their payments, an international provider who is interested in an online presence in Switzerland should establish a Swiss subsidiary or partner with a Swiss licensee. In addition to all other requirements, foreign providers have to show that they have not actively targeted Swiss players from abroad in the past five years, which is a requirement when it comes to a “good reputation”. The access to online games of foreign providers without a proper license will, if necessary, be blocked with measures to be implemented by internet access providers, also known as geo-blocking.

Swiss Gambling Market Regulations

As we saw above, the Swiss online gambling market is regulated under the Money Gaming Act (MGA), which was introduced to control gambling activities, protect players, and ensure tax contributions. Key regulations for all online casinos in Switzerland include:

  • Licensing: Only Swiss casinos with a land-based license are permitted to offer online gambling activities. Foreign operators can enter the market by partnering with a licensed Swiss casino. Without such a partnership, international operators are prohibited from offering their services.
  • Geo-Blocking: Websites of foreign gambling providers that do not hold a Swiss license are blocked. Internet service providers (ISPs) in Switzerland enforce geo-blocking to prevent access to unauthorized gambling platforms.
  • Player Protection: The MGA prioritizes player safety, with strict measures in place to prevent gambling addiction. Casinos must offer tools for responsible gambling, such as self-exclusion options and limits on deposits and losses.
  • Taxation: Winnings from licensed Swiss platforms are taxed only if they exceed CHF 1 million, whereas all foreign casino winnings are subject to tax.
  • Advertising: There are restrictions on advertising gambling services to ensure that promotional material is not targeted at vulnerable individuals, such as minors or those struggling with addiction.

Are You Required to Pay Taxes on Winnings?

Taxes icon

One of the Swiss online gambling regulations is taxation which means that players are required to pay taxes for their winnings above a specific amount. The Gambling Act in Switzerland covers a wide range of casino games, from classic ones like roulette and poker to automated games like slot machines. Licensed casinos are allowed to offer sports betting as well, but sports bets are not classified as casino games.

One key benefit for players is that winnings from casino games are tax-free, both at the federal and cantonal levels, unless the profits are from self-employment. In that case, they are subject to income tax and withholding tax. While players can’t deduct any costs from their winnings due to the tax exemption, those operating a self-employed gambling activity can claim a 5% deduction for expenses, but only up to CHF 5000.

Next, online casino games have only been legal in Switzerland since 2019. Before that, any winnings were fully taxed. Under the current law, players can enjoy a tax allowance of up to CHF 1 million, meaning only profits above that amount are subject to taxes. Also, players can deduct operational costs of up to CHF 25,000 from their taxable income each year, although cantons may adjust this limit. Profits that exceed CHF 1 million are taxed with both income and withholding tax. There is no special regulation for self-employed gamblers in this case.

Can Casinos That Accept Swiss Players Be Trusted?

Handshaking icon

Casinos that accept Swiss players are trusted and reliable platforms, but it’s important to choose wisely. Keep in mind that only licensed online casinos are allowed to operate in Switzerland. This means they must follow strict rules and regulations designed to protect players. Licensed casinos are subject to regular audits and must ensure fair play, transparency, and secure payment methods. That’s why you should always look for such online casinos where you can be safe, and protected, and enjoy your favorite casino games at once.

One key indicator of trust is whether the online casino holds a valid license from the Swiss Federal Gaming Board (SFGB). Casinos with this license are closely monitored to ensure they comply with Swiss laws, especially in terms of player protection, responsible gambling, and data security.

Fair gaming icon

It is also important to check if the casino offers secure and reliable banking methods, such as bank transfers, e-wallets, or cryptocurrencies. With such payment methods, you will enjoy safe deposit and withdrawal options as a Swiss player, without worrying about your funds. Your personal and financial data is strongly protected, far away from hackers, scammers, and fraud.

Before you create an account and make a deposit, we suggest you read casino reviews or look for players’ opinions about your chosen casino. It is helpful to ensure that the casino is legit and that people have no trouble placing their bets. Also, read the terms and conditions before signing up. By choosing a licensed and well-reviewed online casino, Swiss players can enjoy a safe and enjoyable gambling experience and have fun like never before.

Best Casino Bonuses for Swiss Players

All Swiss players are rewarded with special bonuses and promotions that are available only in the best online casinos we recommend. There are many types of bonuses that you can enjoy in your favorite online casino in Switzerland, including huge welcome bonuses, reload bonuses, free spins, free bets, cash gifts, and many VIP perks only for the most loyal players. Our CBM team handpicked some fresh offers that will sweeten your bankroll with one click and open even bigger winning opportunities. Check them below and make sure to choose wisely!

Winhero

Welcome Package

40x (B+FS Wins)

Ongoing

€20

No

71%

Monro

Welcome Package

40x (B)

Ongoing

€20

No

71%

Avocasino

Welcome Package

30x (D+B), 50x (FS Wins)

Ongoing

€20

No

71%

Slot Monster

Welcome Package

35x (B)

Ongoing

€20

No

71%

LuckyWins

Welcome Package

40x (B+FS Wins)

Ongoing

€20

No

71%

Diva Spin

Welcome Package

35x (D+B), 40x (FS Wins)

Ongoing

€20

No

71%

Rich Royal

Welcome Package

50x (D+B), 40x (FS Wins)

Ongoing

€20

No

71%

Rooli

Welcome Package

35x (B + FS Wins)

Ongoing

30€/AU$

70%

Local Payment Methods to Consider

Local Payment Methods to Consider Switzerland

Switzerland has a great location in Central Europe and its distinct currency makes it crucial to accommodate international payments and multiple currencies. Ensuring a smooth and hassle-free payment experience by accepting a variety of preferred payment methods can significantly enhance player satisfaction, helping both new and existing casinos attract and retain a broader gambling community. 

When playing at online casinos in Switzerland, it’s essential to use reliable and secure payment methods that suit your needs. Fortunately, Swiss players have access to various local and internationally accepted options that make deposits and withdrawals smooth and easy. Here are the top payment methods you can consider in the country:

1. Credit/Debit Cards

Credit and debit cards like Visa and Mastercard are some of the most popular options among Swiss players. They offer a fast and straightforward way to deposit funds, and many online casinos accept them. Just be sure to check for any transaction fees imposed by your bank.

2. Bank Transfers

For those who prefer direct and secure payments, bank transfers are a reliable option. Although they may take a bit longer to process, they are highly secure and are accepted by most Swiss online casinos.

3. E-Wallets

E-wallets offer fast and easy transactions for Swiss players. Some of the most widely used options are:

  • Apple Pay: A mobile payment service that’s becoming increasingly popular, especially for those who enjoy playing on the go.
  • Garmin Pay: Similar to Apple Pay, this digital wallet is particularly appealing to players who use Garmin smartwatches.
  • Skrill: A trusted e-wallet for casino transactions, offering secure deposits and fast withdrawals.
  • PayPal: Known for its security, PayPal is another popular choice among Swiss players for both deposits and withdrawals.

 

4. Twint

Twint is the most popular Swiss payment method that comes in the form of a mobile app for smooth and safe transactions using your mobile device. By using the app, you can make different transactions in online casinos that offer Twint as a payment method and enjoy mobile gaming. This is a revolutionary payment service that allows you to transfer funds completely digitally and cashlessly. It is accepted by the biggest Swiss banks in the world, having more than 5 million users at the moment. 

Even if Twint is available for users who want to make payments to Swiss online casinos, you can make payments regardless of your location. At this moment, payments with Twint can only be made in CHF and only in casinos within Switzerland. This is a leading payment solution in Switzerland, accepted by the biggest banks in the country, such as UBS, PostFinance, Credit Suisse, BCV, Raiffeisen, Zucher Kantonalbank, and many more.

5. Other Local Payment Methods

Although not as common, Buy Now, Pay Later (BNPL) services allow you to make deposits and settle payments later. It’s an emerging method in the Swiss market, giving players flexibility with their transactions. Each of these methods offers security and simplicity, so you can choose the one that best fits your preferences when gambling online.

Depositing with CHF Currency

Depositing with CHF Currency

Depositing with Swiss francs (CHF) is a simple option for all Swiss players who are ready to place their bets in Swiss online casinos. They can avoid currency conversion fees and additional charges when playing at domestic casinos. Many casinos that are operating in Switzerland offer the option to deposit and withdraw directly in CHF, making the process smoother and more straightforward.

That’s how Swiss players can easily keep track of their spending without having to worry about fluctuating exchange rates. It also allows quicker processing times for transactions, especially when using local payment methods like bank transfers or popular Swiss-friendly e-wallets like Twint.

Choosing an online casino where you can make CHF deposits is a smart choice for players in Switzerland, as it provides a hassle-free way to focus more on the casino games andenjoyg their gaming experience without worrying about financial complications and money transfers.

Most Famous Gamblers

Gambler icon

Switzerland doesn’t have widely recognized casino players who are famous on a global level like some professional poker players or high-stakes gamblers from other countries. This is the case due to the country’s culture, which tends to value privacy and discretion. However, Switzerland is home to several well-known casinos which have attracted notable international gamblers over the years.

That being said, Swiss players who have gained attention are typically those who participate in international poker tournaments held in Switzerland, such as the European Poker Tour (EPT) or World Series of Poker (WSOP). For example:

  • Ronny Kaiser – As a professional poker player from Switzerland, Kaiser made headlines by becoming the first Swiss player to win a European Poker Tour (EPT) title. He won the EPT Tallinn in 2011, solidifying his place in the professional poker world.
  • Linus Loeliger – Loeliger is another famous poker professional from Switzerland, known for his online poker skills. He has played high-stakes cash games under the screen name “LLinusLLove” and has earned a reputation as one of the best online poker players in Europe.
  • Besim Hot – By winning the World Series of Poker (WSOP) Europe tournament, Besim Hot has made a name for himself on the European poker circuit as another Swiss poker player with huge gambling successes in the world.

Fun Facts

  • Online gambling became fully legal in Switzerland with the introduction of the Gambling Act in 2019, allowing licensed Swiss casinos to offer online games.

  • In 2022, Swiss online casinos generated a combined revenue of over CHF 250 million, showing rapid growth only 3 years after the legalization.

  • Winnings from online casino games are tax-free for amounts up to CHF 1 million.

  • Over 75% of Swiss online casino players prefer mobile gaming, reflecting the growing trend of mobile-first gambling experiences in the country.

  • Switzerland ranks among the top European countries for player protection, requiring strict measures like identity verification and responsible gambling tools from licensed operators.

FAQ

Yes, online gambling has been legal in Switzerland since the implementation of the Gambling Act in 2019. Licensed Swiss casinos are allowed to offer online casino games.

Swiss players can gamble at licensed international casinos, but only if these casinos have a partnership with a licensed Swiss operator. Unauthorized international sites may be blocked by Swiss internet service providers.

Swiss players typically use credit/debit cards, bank transfers, and e-wallets like Skrill, PayPal, Apple Pay, and Garmin Pay. Local bank transfers in CHF are also popular.

You can check the Swiss Federal Gaming Board’s website (ESBK) for a list of licensed operators. Only casinos with Swiss government approval are legal for players to use.

Swiss law can impose fines on players who engage with unlicensed casinos. Additionally, such casinos may be geo-blocked, preventing access from within Switzerland.

Bart Crebolder

Bart Crebolder

Lead Content Manager

Having dedicated nearly a decade of his career to the iGaming industry, Bart Crebolder stands as a valuable member of the CasinoBankingMethods.com team. His journey in the industry has been marked by his pursuit of the latest trends, making him a relevant source for information about online casinos and payment methods. He is an invaluable asset to the team because of his passion for the iGaming world, contributing with his standing as a trusted authority in the online casino industry. Bart's content consists of comprehensive analyses, reflecting his deep understanding of the casino industry and he is setting standards for informed, reliable, and engaging content in online gaming.

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