Sofort is an online payments system that is extreme popular in Germany, but can be used in other countries and is offered as a potential payments solution at many online casinos. Originally a German company, Sofort (or Sofortüberweisung to give the service its full name) is now owned by the Swedish bank Klarna. Klarna is available to a number of European companies, including Germany, Sweden, Italy, Spain and the UK. It is also available in Australia and the US.
Klarna as a finance company has only been around since 2005, but it has been a huge success thanks to its policy of allowing retailers to use its services to facilitate payments both online and in the real-world. It has been such as success in Sweden that it is estimated that around four out of every ten e-payments in the country are made using Klarna.
Despite little initial interest from industry experts the three founders of Klarna – Sebastian Siemiatkowski, Niklas Adalberth and Victor Jacobsson – went ahead and started their company in Stockholm. By 2008 they had expanded into Norway, Finland and Denmark, and by 2020 into Germany and the Netherlands.
In 2013 Klarna and the German company Sofortüberweisung merged, with the new company being called Klarna Group. Klarna then took over all the responsibilities of managing Sofort payments.
In case you wanted to know, ‘Sofortüberweisung’ means ‘instant bank transfer’ in German, while Klarna is just a company name and is essentially meaningless.
Why Use Sofort at Online Slots Sites?
If you wager online, then it’s likely that you want to pay online as well. It is not easy getting real cash into your online casino account, although some online casinos do actually offer this facility. Sofort is one way of getting money into your account online.
Of course, if you use several online casino, slots, bingo or even sports betting sites, then to pay online you will have to share your online banking details with them. Such sites do not keep a note of your banking information, but while making a transfer your online banking details can be at risk. All licensed casinos have to use strict encryption protocols but there is always the chance of your details being intercepted. Your browser may also hold details of your banking information.
Instead of using your bank details at countless online casinos, why not just use a service like Sofort instead? That way you only have to share your sensitive financial information once, when you register your details at Sofort, and not every time you make a transaction.
• Safe and secure
• Transactions are processed at speed
• Useable for deposits and withdrawals
Are there any disadvantages?
• Not all UKGC-licensed online casinos accept Sofort as a payment method
• Some fees
Is it easy to use Sofort at Online Slots Sites?
Sofort is an eBanking system, but it is not an eWallet like PayPal, Skrill or Neteller. That means you do not have to maintain a balance in a Sofort ‘account’ in order to use the service. Sofort is a means of linking your online banking facility to a merchant. Signing on to your online banking facility in this manner is just as secure as signing on to check your balance.
To make a Sofort deposit go to the casino’s cashier and choose Sofort as your payments method and decide how much you want to deposit. When you confirm the transfer the Sofort-powered applet will pop up asking you to enter your internet banking details. Once you have done that you will be asked to confirm the transfer. If everything works okay then your deposited money should be in your online casino account within seconds.
Not all online casinos that offer Sofort as a payments method will offer Sofort for withdrawals. While it is easy to pay money out of your bank account via online banking, it is not so easy paying money into your online banking account. As there are a few more hoops to jump through, many online casinos will not allow withdrawals via Sofort.
If you can make a withdrawal using Sofort at your chosen online casino then the procedure is practically the same as making a deposit. Choose the amount of money you want to withdraw and Sofort as your withdrawal method. You will need to enter your online banking details again. Withdrawals should be as speedy as deposits, but many casinos will insist on ‘pending periods’ of around 72 hours to delay the transfer.
There should be no fees on the casino or online banking side of things when you make a deposit or withdrawal using Sofort. Some casinos have started adding fees for withdrawals (and some even for deposits) for all payment methods. It is better that you find a casino that does not make these charges to play at.
Sofort does make a small charge for the use of its services.
A. Yes, it is one hundred percent legal to use Sofort at online casinos.
A. Yes it is. When you use Visa – although transactions are thoroughly encrypted – you run a slight risk of your Visa card number being stolen and used elsewhere without your knowledge.
A. You do not have to, and indeed you can’t. Sofort is a service provider, not an eWallet. Sofort links your online banking facility to the merchant you are paying.
A. Sofort is available in a number of European countries, plus the USA and Australia.
Sofort is a convenient and safe way of linking your online casino account to your online banking account in order to facilitate deposits and (hopefully) withdrawals. Although not nearly as popular as Visa, PayPal, Skrill or Neteller, a decent number of online casinos will allow you to use Sofort’s services to deposit and withdraw.
Sofort Slots Sites:
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