Sofort Banking Casinos

A Brief Overview 

Sofort is owned by the Klarna group, the leaders in payment providers in Europe. The group is Swedish founded but operates out of Germany. Klarna was established in 2005 and originally branded the product under a different name – Payment Network. Since its rebranding, Sofort revenue has boomed. By 2016 it was valued at above $2 billion, and on average, over 2 million transactions are processed and completed every month.

Sofort banking is available only to European users. To date, residents of 13 countries can use the service. Over 35,000 e-commerce merchants worldwide support Sofort payments. These include many famous, legal, and trusted Sofort casinos. It is an especially popular option for casino players as deposits are verified in moments with your bank and chosen casino operator. In turn, this means you can begin to play your favorite casino games at lightning speed. 

Amongst the casino operators, Sofort is valued as a secure and reputable service to offer members. The product has gained five different security certificates. These ensure that Sofort casino transactions are safe from third-party interference and foul play.

Advantages of Playing at Sofort Casinos 

Sofort is not a bank. It is the middle man between the bank and the merchant. It guarantees transactions by recouping the money from your bank account after confirmation. By doing this, the service speeds up the process. As mentioned, this is a particularly advantageous factor for Sofort casino players. 

Furthermore, no Sofort membership or account is necessary. The service uses your bank account directly. Therefore, there is no need to worry about password protection and the possibility of hacking is reduced. Plus you will not have to remember your credentials to access any funds for your Sofort casino account.

Is It Safe to Use Sofort? 

Sofort boasts the strictest of security protocols. As well as the five top-tier security certificates, it also uses a multi-encrypted banking form. Thus giving you an extra layer of security when inputting your sensitive data. You can rest easy knowing that it has the official seals “Certified data protection” and “Certified payment system,” amongst others.  

Sofort will also send you a confirmation payment email with a transaction number (TAN) once the transfer is complete. If there are any issues with creating your Sofort casino bankroll, it is easy to track your payments with the provided TAN. Plus, you can easily notice if your payment has been accepted by your bank.

Deposit and Withdrawal Times

The main advantage of using Sofort to buy services such as crediting your Sofort casino account is the efficiency of the deposits. You can expect your payment to reach your casino bankroll in a matter of minutes. You may not see the money recouped from your bank account for up to 48 hours. The only instance where your payment will not be accepted is if you have inadequate funds in your bank account. 

Another advantage for Sofort casino players is that the payment method has no limits. Sofort will allow you to deposit as much you like. Although you must have sufficient funds and can only deposit up to the limit your bank sets per transaction.

Sofort’s Licensing

Sofort is licensed under the Klarna group by the Swedish Financial Supervisory Authority. The company gained this high authority licensing in 2017. Soon after it was declared the largest fintech company in Europe. 

What are the Disadvantages of Sofort? 

Sofort casino users may find it difficult to find a casino that supports withdrawals via the service. Although it is a common depositing method at large and reputable operators, an alternative withdrawal method is typically needed. Due to the nature of not needing an account and not storing your details, the withdrawal process is much longer and has the potential to be less secure. 

Another pitfall is that it is available to a limited number of countries. Expanding the jurisdiction of the service would be welcomed by those outside of Europe.

Fees at Sofort Casinos

The fees in which Sofort charges per transaction are very small. Many large Sofort casinos will carry this charge for its members. When signing up for a Sofort casino, take time to check if the fees will be charged for depositing, withdrawing, or neither. Every casino is different. 

The transaction costs are around 0.9% of the amount deposited, and a fixed charge of €0.25 per transaction is applied.

Overall Conclusion 

European residents should not pass up the opportunity to use Sofort. If you live in one of the countries this payment service is available within, you can benefit from instant payments for goods and services. Plus you can take advantage of low or zero fees.  

Furthermore, by choosing Sofort casinos, you can be reassured that your transactions are protected. The service is licensed, and your data kept confidential. Making payments without having to create an account makes the process fast and no hassle. 

Sofort casinos also do not limit your deposit amounts. Any limit will be due to your banking restrictions. Therefore casino players have freedom over their deposits and can fund their bankroll how they desire. 

All in all, the payment method is trustworthy, reliable, and has a positive reputation. It’s becoming one of the most favored choices among casino players. You will be able to see it popping up next to other big named instant payment services such as Paypal. It is not a bank but works directly with your bank to process transactions at a much faster rate than a standard bank wire transfer.