Wirecard Accepted Online Casinos

Andreea Stanescu
Written by Andreea Stanescu
Andreea Stanescu

Andreea Stanescu

Content Writer

  • 2+ years of experience writing about iGaming topics;
  • Skilled at explaining complex iGaming ideas in simple terms;
  • She has a BA in Foreign Languages from the University of Bucharest and an MA in Communication in Advertising from SNSPA, which improved her research and writing skills.
     
Stefana Chele
Reviewed by Stefana Chele
Stefana Chele

Stefana Chele

Content Writer and iGaming Specialist

  • Over five years of extensive experience in the Online Casino industry;
  • Reviewed online casino games, articles and news, demonstrating a keen eye for game quality and user experience.
  • Proficient in content writing, copywriting, and digital marketing, adept at crafting engaging and informative content. 
  • Skilled in researching, analyzing, and fact-checking to provide the community with the most accurate and beneficial information.
  • Analyzed, created, and published over 36,000 casino bonuses, showcasing an extensive understanding of casino promotions and player incentives.
  • Over a decade of experience in teamwork, developing outstanding social skills and building positive relationships.
  • A passionate advocate and expert on slots & online casinos.

Wirecard’s rise and fall in Germany's fintech sector makes for a Hollywood crime thriller. Established in 1999, the now-insolvent company initially processed payments for online casinos. What happened to it then? Let's find out.

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The End Of Wirecard Online Casinos

Wirecard, a global provider of electronic payment solutions in e-commerce and financial technology, offered services ranging from mobile payments to POS transactions. It thrived through the dot-com bust. 

However, following its insolvency, Wirecard casinos are no longer available. Does that mean you cannot use Wirecard for casino payments anymore? Well, sadly, you cannot, but there are other popular and widely accepted payment methods you can always explore. 

But before you go into that, let's find out how Germany's biggest fintech company went down the rabbit hole. It's all thriller stuff!

wirecard logo
Type of Payment Mobile Payment System
Founded 1999 (Filed for Insolvency in 2020)
Headquarters Bavaria, Germany
Number of Employees 5,300+ (in 2019)

Why Can't You Pay with Wirecard at Casinos Anymore? 

Warning

If you come across casinos that claim to have Wirecard as a payment method, proceed with caution, as casinos accepting invalid payment methods are not trustworthy in general.

In 2017, the German newspaper Sueddeutsche Zeitung reported that Wirecard Bank, among other banks, processed payments for online casinos operating illegally in Germany.

Although the company denied the allegations, it was just the beginning of the fall of one of the biggest fintech companies in Germany.

In 2016, The Times published a special report suggesting Wirecard used fake online stores to conceal illegal online casino transactions. 

Three years later, in 2019, Dan McCrum, a journalist from the Financial Times, exposed accounting irregularities in Wirecard's Asian units through a series of investigative articles. These revelations led to increased scrutiny of the company's financial practices. 

By June 2020, Wirecard admitted to its auditor EY that €1.9 billion supposedly held in two Philippine accounts likely did not exist. 

This admission caused Wirecard's share price to drop by 99%, leading to it becoming the first DAX company to file for insolvency, with nearly €4 billion owed to creditors. The collapse of Wirecard in 2020 became known as Germany's biggest post-war financial scandal.

But Is There an Alternative?

Since 2015, Wirecard has offered a bank-independent mobile payment app Boon, available for Android and iOS. Currently, it's ONLY available in Germany, Austria, Belgium, the Netherlands, Spain, and Ireland.

Explore Alternative Casino Payment Methods

Wirecard was once the poster boy of Germany’s fintech. Its collapse in 2020, deemed one of Germany's biggest post-war fraud scandals, highlighted serious operational and ethical lapses. 

Given these circumstances, I advise steering clear of Wirecard casinos. It's prudent to opt for alternative, more reliable casino payment methods like Mastercard to ensure security and peace of mind.

Page Contributors

Andreea Stanescu

Andreea Stanescu

Content Writer

About Andreea Stanescu

  • 2+ years of experience writing about iGaming topics;
  • Skilled at explaining complex iGaming ideas in simple terms;
  • She has a BA in Foreign Languages from the University of Bucharest and an MA in Communication in Advertising from SNSPA, which improved her research and writing skills.
     
Read Full Bio
Stefana Chele

Stefana Chele

Content Writer and iGaming Specialist

About Stefana Chele

  • Over five years of extensive experience in the Online Casino industry;
  • Reviewed online casino games, articles and news, demonstrating a keen eye for game quality and user experience.
  • Proficient in content writing, copywriting, and digital marketing, adept at crafting engaging and informative content. 
  • Skilled in researching, analyzing, and fact-checking to provide the community with the most accurate and beneficial information.
  • Analyzed, created, and published over 36,000 casino bonuses, showcasing an extensive understanding of casino promotions and player incentives.
  • Over a decade of experience in teamwork, developing outstanding social skills and building positive relationships.
  • A passionate advocate and expert on slots & online casinos.
Read Full Bio
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