Klarna (also known as Sofort) was founded in 2005 as a Swedish bank that aimed to deliver quick and effortless online shopping tools to millions of customers. Thanks to its efficiency and multiple advantages like top-class security, instant deposits, and complete lack of fees, Klarna rapidly became one of the best payment options for online casino enthusiasts. As soon as they partnered with top brands, Klarna started to become more and more visible in this industry, where fast and effortless payments are a must. In the list below, you will find the top Klarna online casinos that cater to the needs of avid casino enthusiasts in regions such as Germany, Austria, Switzerland and beyond.
DACH online casino market controversy: Klarna or Sofort?
The Klarna Group was formed in 2014. What started out as an online payment platform for users in Sweden, Norway, Finland, and Denmark, has now expanded to cover most of Europe after acquiring Israeli-based payment company Analyzd in 2011 and German market leader in online banking payments Sofort in 2014, which was when the Klarna Group came to be. This led to a merge between Klarna and Sofort, which further expanded the area of activity in Germany, Austria, the Netherlands, and Switzerland. In 2017, Klarna also acquired Sofort’s direct competitor BillPay. So, even though Klarna and Sofort are basically the same services now, Sofort kept its name simply because it was so popular among online casino players. Sofort casinos have a long tradition in the German-speaking market, so in order not to confuse customers, even though Sofort is now part of Klarna Group, the name was not changed in the cashiers.
As previously mentioned, despite being part of the Klarna Group, Sofort kept its name for Geman online casinos simply because the customers were so used to it. Plenty of online casinos such as Wazamba, 1xSlots, or Zet Casino are offering Klarna as a payment option, and any German bank with online banking functionality can be used. So, no matter if you have an account with Deutsche Bank, Commerzbank, Consorsbank or BayernLB, you will be able to deposit and withdraw funds via Klarna. Deposits range between €10 or €20 and €5,000 while withdrawals via Klarna start at €100 and the maximum amount per transaction is limited to €1.000.
Austria is another country where Sofort is still popular. Despite fierce competition with EPS, Sofort and Klarna are widely available on casinos such as Zet Casino, Volt Casino, or 1xSlots, and that gives them the edge. Deposit and withdrawal limits are the same as for Germany since these limits are mainly determined by casinos for each payment option. The biggest Austrian banks offering Klarna / Sofort are Erste Group, Raiffeisen, and Unicredit.
A country like Switzerland, with amazing banking services, couldn’t resist such a fast and efficient payment option. So, plenty of Switzerland online casinos like Spinia, 1xslots, or Zet Casino offer Klarna deposits and withdrawals. With the same limit – minimum €10 and maximum €5,000 – for deposits and minimum €100 and €1,000 for withdrawals – Klarna or Sofort is offered by banks like Credit Suisse Group, Julius Baer or the UBS Group are some of the most popular examples to use and make CHF Klarna deposits on online casinos.Top German Klarna Casinos
Klarna for casino payments: Which other countries can use it?
Besides the massive expansion in the German-speaking area thanks to the merge with Sofort, Klarna also operates in 15 markets around the world. Territories like Australia, Belgium, the Netherlands, the UK, or the USA are some of the markets where Klarna is rapidly expanding. And thanks to its proven record as a great payment option for online gambling, Klarna online casinos are available in all these regions as well.
The Commonwealth Bank of Australia is not only a partner bank for Klarna, but they also invested in the project to bring improved payments for Australians. Also, in the UK, all the big banks like HSBC, Royal Bank of Scotland, Lloyds, Barclays, or Santander can be used via Klarna.
Ever since 2015, Klarna is available in the United States as well, and there’s a lot of focus going towards this branch of the business. While legal online gambling is still in its incipient years there, Klarna already scores high in popularity for online shopping of all kinds with banks like JPMorgan Chase, Bank of America or Citigroup supporting the payment option.
Do I need to create an account?
While there is an option for downloading the Klarna app on your phone, when paying with Klarna at online casinos, you won’t need anything else than a bank account and access to online banking. The app can be useful for online shopping at retailers; however, there’s no need for login credentials or anything like that when depositing on online casinos. The service that Klarna offers is basically a gateway for bank transfers between your bank and the online casino of choice.
Depositing & withdrawing with Klarna
Klarna deposits are efficient and effortless. However, you must keep in mind that the “Pay Later” and “Slice It” payment options that it offers for online shopping do not apply for Klarna online casinos. You can only choose to “Pay Now”, and the funds will be instantly deducted from your bank account and available at the online casino of choice. The steps to make a Klarna deposit are straightforward; we’ve taken the liberty to create a step-by-step guide anyway, making a deposit on Volt casino, as an example.
- Use your login credentials to access the casino where you want to play and look for the deposit button on the homepage.
- Once you access the cashier, choose the amount you want to deposit (and the bonus if you’re into that) and then select Klarna from the list of available payment options before clicking on “Deposit.”
- You will be redirected to the Sofort / Klarna dialog box where you choose the country of residence and the bank where you have an account open.
- Once you have chosen the bank, you will need to enter the login details for online banking to get the transaction approved.
- Confirm the payment, and the funds are instantly available in your casino account.
The procedure is just as simple for withdrawals as well. It’s good to keep in mind that not all casinos that accept Klarna deposits will also support withdrawals via this method. However, where accepted, the Klarna withdrawal times are comparable to those of ewallets, which is huge for a bank transfer payment option. Once the withdrawal is approved by the casino, your funds will be available in around 24 hours. The minimum withdrawal is €100, while the maximum depends on each casino; however, €1,000 is the lower limit.
Do any fees apply?
You won’t have to worry about Klarna fees since there are none. The amount you choose to deposit is the exact figure that will be deducted from your bank account, with no other taxes or commissions applied. Furthermore, it’s unlikely for the casinos to add extra costs so you can just enjoy the instant deposits and an awesome gambling experience without thinking about hidden fees.No Fees Klarna Casinos
What if your casino doesn’t offer Klarna?
Despite its multiple benefits, Klarna is still not available all across the globe. For example, the massive gambling market of Canada doesn’t enjoy the services of Klarna just yet. Not to worry about, though. There are plenty of similar alternatives for these markets as well. Canadians can rely on the classic instant bank transfer, which also comes without fees, gets processed immediately, and is protected by the bank’s security system. Even more than that, Interac is a great local solution for depositing at online casinos. It’s even available for withdrawals; however, not all online casinos accept it.
A good alternative to Klarna is Giropay, especially in the regions where this revolutionary payment option is not available. Despite not offering withdrawals as well, GiroPay offers casino enthusiasts instant payments with no fees and excellent security through several protocols.
If you want to go with a payment option that also covers withdrawals and will have your funds ready in a couple of hours, PayPal is the best choice. Indeed, it doesn’t have much to do with Klarna, besides the way both businesses started. Still, you get all the benefits that Klarna brings – instant payments and top security – minus the tax-free transactions. However, we think that the added advantage of being able to withdraw coupled with the widespread presence on online casinos compensate for the around 2% fees you have to face.
Is it worth playing with it?
In case you’re in a country covered by Klarna, and you’re still not 100% convinced this is the payment option for you, we prepared a final list of advantages and disadvantages. Combined with the info presented so far, this should give you all the needed data to make your decision. And trust us when we say, that we’re not all about sugarcoating it, but Klarna is indeed a great payment, especially for specific regions.
- Instant deposits straight from your bank account.
- Improved safety since it’s a banking environment.
- Not having to create an account with a third-party company and share your personal data.
- Extremely popular in Germany after acquiring Sofort.
- Absolutely no fees on both deposits and withdrawals.
- Fast checkout with no extra usernames or passwords to remember.
- Only available in 17 markets so far.
- Withdrawals not supported at all online casinos offering Klarna.
- Up to 3 days processing time for a withdrawal.
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