As you all probably know, Switzerland isn’t a part of the European Union and don’t use the Euro as their currency, but the Swiss Franc. The reason is that the country is incredibly wealthy and doesn’t need to team up with other countries because there would be more losses than gains for them.
When a country is rich and in a good economic state, its citizen can afford to spend money on leisure activities such as gambling, however, the Swiss need to look for bookmakers which will accept their national currency. That’s why we have decided to write this article and show you the sports betting websites which accept the Swiss Franc, in addition to the different deposit methods they offer, and finally, the gambling tax laws in the country.
Where can you bet using Swiss Franc?
|Bookmaker||Founded||Jurisdiction||Bonus||Min. Bet||Max. Bet||Grade||Review|
|1999||United Kingdom||£30||£2||No max||
We can tell you about two gambling sites which accept the Swiss currency and are of high quality. They are at the top of our bookmaker reviews, so it’s no wonder that they are the only ones which offer this currency.
- Bet365 – Bet365 is a great choice for all Swiss punters because it offers a huge amount of sports on which they can bet. In addition, you will be amazed at the number of payment options which can be used when paying with CHF: Sofortüberweisung, PaySafeCard, Skrill, Click2Pay, Entropay, fast wire transfer, wire transfer, cheque, and credit or debit card. You can withdraw with almost all of them (except PaySafeCard and Sofortüberweisung). Start betting now with Bet365!
- BetVictor – Unlike bet365, BetVictor can’t brag about the number of deposit options they have for Swiss punters. They are still a good option for people wanting to bet using the Swiss Franc, because deposits can be made using PayPal, PaySafeCard, Western Union, Webmoney, Skrill, and debit/credit cards. PaySafeCard is the only one which can’t be used for making withdrawals. After you have deposited the money, the website will convert them into Euros or British Pounds. Find out how to claim your welcome bonus from BetVictor – click here.
Gambling Tax in Switzerland
Switzerland has made gambling illegal, but this doesn’t apply if you decide to use a foreign bookmaker such as BetVictor or bet365. Seeing as there are no Swiss bookies, the government can’t introduce a gambling tax on winnings. All you need to know is, if you win something from online gambling, you don’t have to pay tax, which is always a good thing in our book.
What payment methods should people who want to deposit in Swiss Franc use?
Even though it’s illegal to gamble, Swiss citizens won’t have any problems when using foreign-based betting sites. This is somewhat of a gray area in the law and you can’t get punished for it.
That’s why punters in Switzerland don’t have to worry when they deposit and can use their credit or debit card. If you still are unsure, you can always make an e-Wallet and store your money there, but keep in mind that you will be required to pay a small fee, so we still recommend the credit/debit card method.