If you are an online casino player based in Europe, you will most likely have heard of the payment option Sofort, but is it right for you? Check out our review below discussing who this payment provider is, how to use their service and the pros and cons of what they offer.
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Who is Sofort?
Sofort is one of Europe’s leading online payment providers and they have had over 150 million successful transactions using their service. The acts as the middle man between your bank account and your online casino account. Since launching back in 2005, they have never had any of their data compromised and this shows Sofort is a company that takes the safety and security of its users personal information very seriously. They are a product of the Klarna Bank AB which is a Swedish publicly listed payment provider who is supervised by the Swedish financial supervisory authority.
Sofort is currently available across Europe in the United Kingdom, France, Spain, Germany, Austria, Switzerland, Belgium, Czech Republic, Poland, Hungary, Slovakia and the Netherlands. The currencies from each of these countries are also supported through Sofort. Sofort is also the most popular payment service in Germany and continues to grow year on year.
How to use Sofort to fund your online slots account?
Sofort is easy to work and is very similar to some other payment providers such as Giropay.
To use Sofort, simply log into the Sofort casino of your choice and head on over to the depositing page. Here, you can choose Sofort as your payment option and enter how much you want to deposit into your online casino account. Unlike an e-wallet, you do not have to sign up to Sofort first to use it and your money will be transferred directly from your bank account to the casino account, rather than being placed in a middle ground account. You can then tell the online casino what online banking system you are with and this will redirect you to another page away from the online casino where you can complete your transaction.
Simply fill out the short form with a PIN code and TAN code that you will have received from your bank. Confirm the transaction and you will find that your money has been credited to your casino account almost instantly. If you do not see it in your account instantly, leave it for a couple of minutes and it should appear.
Pros and cons of Sofort
- You can transfer your cash instantly
- It is extremely secure to transfer your cash with
- You do not need to open up any extra accounts
- It is easy to use
- Sofort does not charge you any fees to use it
- It is not as readily available in other countries in the same way that services like Neteller and PayPal are
- Not as many casinos support this payment limit and can limit where you are able to play
- Minimum depositing amounts can be high
- You can make withdrawals but it is a harder process.
How does it measure up?
Sofort casinos are great to play at and when you see the list of advantages to using this payment service, it is not hard to see why there are so many players across Europe using this payment method to fund their online casino account.
When you choose to use Sofort, you will get lots of the advantages that e-wallets offer like safe and secure transferring of money and ease of use, but what we really enjoy about Sofort is that you can cut out this middle man and simply have your funds transferred from your bank account straight into your online casino account, which can also help you to save money in fees. It is surprising that Sofort is available to use for free, but always remember that the online casino can add on extra charges and it is important to always double check this before signing up.
What players will also enjoy about using Sofort is how quickly they can transfer their cash, meaning there is no time wasted waiting around for the money to drop into your online casino account.
Sofort does have its issues like any other online payment provider with the withdrawals process being one of the biggest ones as it does not look as easy to do compared to other services like PayPal and Neteller. Furthermore, it is not as widespread as these companies are and you will not find it supported in as many casinos as some of its competitors.
Although Sofort is currently the number one online payment provider in Germany, it will need to watch out for other payment providers such as Giropay who are growing extremely quickly and are fast becoming one of the most popular e-wallets in Germany. Furthermore, this e-wallet is also looking to expand outside of Germany in the upcoming years which could be an issue for Sofort. Girpay is a great alternative to Sofort in Germany and players may want to consider this payment option too before making a deposit.
Below you can take a look at who Sofort will be right for and what players will want to take advantage of this great payment method.
|If you are looking for very fast transactions, Sofort could be a great option for you||If you want to keep fees lows, Sofort can help you achieve this as it does not charge people to use its service|
|For players who do not want to open up any more accounts online, this is the perfect option unlike e-wallets such as Neteller that require you to sign up with their service||Every player wants their transactions at online casinos to be safe and secure and this is exactly what you can look forward to when using Sofort|
There are many questions that we know players have in regards to using Sofort to fund their online casino account. Here are the answers to some of your most popular questions.
How safe is this payment method?
The most important thing when playing at any online casino account is ensuring that your sensitive information is safe and secure. When you use Sofort, you will be going that extra mile in keeping this information safe and you will be fully protected from any third parties getting access to your information. They make their service extremely safe by having multi-level authentication processes and having a confirmation code that is only valid once. You will always enter any online banking details or confirmation codes away from the online casino and none of your sensitive information will be stored.
Can you use Sofort on mobile?
Sofort is available to use on mobile devices giving you the option to fund your online casino account and play terrific slot games on the go.
Are there any commission fees?
Sofort does not carry any transaction fees to use its service, but your online casino may decide to charge you. Be aware of this before signing up to that online casino and choosing this as your payment method.
How long do withdrawals and deposits take?
Withdrawals and deposits using Sofort are usually carried out instantly and will only take a couple of minutes at the very most to complete.
What are the minimum and maximum amounts I can deposit through it?
The minimum that you can usually deposit using Sofort is £10 or €10, depending on where you are located and what currency you are using. However, the maximum amount that can be deposited usually varies from person to person and this is determined by the bank you are with, your balance and the online casino that you are depositing your money too.
If I deposit with this payment method, do I have to use it for withdrawals as well?
When you make a deposit using Sofort, you can make a withdrawal with them. However, if your deposit was made using a different payment method then you cannot use Sofort to make the withdrawal. You can also choose to use another payment method offered on the online casino website if you would rather use a bank wire transfer or open up a different e-wallet account like Neteller to make withdrawals.
To make a withdrawal using Sofort, simply choose this option on the withdrawal section of the online casino you are playing at and the online casino will use this information provided from when you made a deposit to send the money back to your online bank account. It really is as easy and as simple as that!
If you are not able to make a withdrawal using Sofort, one of the easiest ways to withdraw your cash is simply by using a bank wire transfer.