Swiss Francs Bingo Sites

History of CHF

The abbreviation CHF for the Swiss franc stands for Confoederatio Helvetica franc, the first two words representing the Latin name for the Swiss Confederation. The currency is the official legal tender of both Switzerland and Liechtenstein, and it is actually the single franc that is still issued in Europe.

CHF was formally recognized as Switzerland’s currency in May 1850, but let’s get back to the years before that. Until the Helvetic Republic adopted a new monetary structure in 1798, nearly 75 organizations minted coins in Switzerland. The new structure stayed in circulation until 1803, when the Helvetic Republic ended, although it still stayed a ground for the currencies of several member states of the Reformed Swiss Confederation. Then, in 1848, the new Swiss Federal Constitution established that the federal government was the only institution that had the right to issue currency in the country, and two years later, the Federal Assembly enacted the first federal monetary law and defined the franc as a monetary unit in Switzerland.

When Switzerland, France, Belgium, and Italy founded the Latin Monetary Union between 1865 and the 1920s, the currencies’ values were linked to the value of silver. Until 2000, the exchange rate of CHF was connected to the price of gold.

Nowadays, thanks to Switzerland's history of political stability, the currency is stable. One CHF is made up of 100 cents, with 0.5, 1, 2, and 5 francs and 5, 10, and 20 cents in circulation.

When it comes to banknotes, they are available in denominations of 10 CHF, 20 CHF, 50 CHF, 100 CHF, 200 CHF, and 1,000 CHF.

Safe Casino Deposit Methods that Accept CHF

When choosing the proper payment method, naturally, gamblers look for the most reliable choices, but also for those that don't require paying expensive taxes and high exchange rates, as well as for quick and effective transactions. This is why we are here to list the top five methods Swiss players can use to make deposits and enjoy playing their favorite games with ease.

• Klarna - Klarna is a Swedish-based company that offers various products, including instant payments from your bank account, the option known as pay after delivery. What's more, Klarna offers monthly plans which allow users to divide a larger payment into smaller, more affordable installments. This method combines the speed and convenience of instant bank transfers and the undeniable appeal of credit cards by allowing you to purchase goods on the Internet without having to pay immediately. Due to its popularity, Klarna is now offered as a payment option at a large number of online casinos, permitting punters to fund their gaming accounts easily and within minutes. Not only can players transfer funds directly from their bank accounts, but their payments will be instant.
• VISA - Not much can be said about this payment method since it is the most used one worldwide, so many players are undoubtedly already familiar with how it works. Both Debit and Credit cards are accepted almost everywhere, giving you a high chance that your chosen bingo site will use them as well. Regarding transactions, they are quick, safe, and fee-less.
• PaysafeCard – PaysafeCard is a payment brand that operates in 43 countries, providing another safe solution for making deposits at online casinos. Firstly, users need to buy a voucher and enter a 16-digit code at the casino cashier. Once the casino checks its validation, within minutes, players will see the credits on their account without having to pay any fees whatsoever.
• Skrill - This e-wallet is highly convenient due to its global availability, popular among most online players worldwide. The whole registration process with this payment method takes up to 10 to 15 minutes, after which players get to see their funds at the casino accounts. Moreover, making deposits through Skrill is safe as the passwords users set are highly encrypted.
• EcoPayz - Another widely recognized e-wallet, EcoPayz, has been used since 2000 and has proven to be safe, which is why it has gathered a great user base. Uѕіng thе есоРауz buѕіnеѕѕ ассоunt, uѕеrѕ hаvе ассеѕѕ tо а сhеар аnd саrеfrее рауіng mеthоd whісh іѕ аvаіlаblе іn 44 dіffеrеnt сurrеnсіеѕ аnd саn bе uѕеd іn mоrе thаn 150 соuntrіеѕ. The main advantage of this e-wallet lies in the fact that it delivers all the functionalities of a standard e-wallet and the capacity to withdraw funds using a prepaid debit card.

Gambling Restrictions for CHF Casinos

Until 1993, Switzerland forbade gambling; however, in years to come, the country law started allowing some gambling. Sіnсе Јulу 2019, when Моnеу Gаmіng Асt came into effect, gаmblіng іn Ѕwіtzеrlаnd hаѕ bееn lеgаlіzеd. But, that's not to say there are no restrictions whatsoever. Fоrеіgn gаmblіng wеbѕіtеѕ аrе nоt аllоwеd, meaning

Swіtzеrlаnd рlауеrѕ саn рlау оnlу аt оnlіnе саѕіnо ѕіtеѕ wіth Ѕwіtzеrlаnd’ѕ' рrеѕеnсе. Still, despite all the rеѕtrісtіоnѕ, аll оnlіnе саѕіnоѕ wіth Ѕwіtzеrlаnd’ѕ' рrеѕеnсе mееt thе hіgh ехресtаtіоnѕ оf thе Ѕwіѕѕ Fеdеrаl Gаmіng Воаrd.