If we take a look at the Swish service, we quickly notice its extreme popularity in Sweden. Because it allows you to send money to anyone as long as you know their phone number, Swish has become a commonly used payment method among Swedish citizens, with more than 50% of people in the country using it.
| Swish Summary | |
|---|---|
| Available In | Sweden |
| Website | www.swish.nu |
| Connecting Bank Card/Account to Swish | Free, requires a valid mobile number |
| Withdraw Balance from Swish to Your Bank Card/Account | N/A |
| Pay to Online Merchants | Free for payments in SEK |
| Available for Deposits | Yes |
| Available for Withdrawals | No |
| Usual Deposit Time in Online Casinos | Instant |
| Usual Withdrawal Time in Online Casinos | N/A |
| Live Chat | Available at some of the supported Swedish banks |
| Telephone Support | Call your supported bank for payment and activation-related questions |
| Email Support | kundtjanst@getswish.se, tekniksupport@getswish.se |
Swish was launched in 2012 and its main idea was to allow easy transfers of money between individuals. Swish works with seven major banks in Sweden, including Danske Bank, Handelsbanken, Länsförsäkringar, Nordea, SEB, Sparbanken Syd, and Swedbank and Sparbankerna. In just a couple of years, Swish started offering its service to merchants as well, which brought to light a brand-new way for Swedish people to make fast mobile payments.
It did not take long for online casinos to see the potential of this service, especially considering that the majority of players now place wagers on the go. This is why the service quickly became a payment option that Swedish players can use at online casinos.
With plenty of innovations and services, Swish has become a great payment solution that Swedish citizens can enjoy. Moreover, it is a convenient way to boost your gaming balance at some of the best virtual casinos tailored for Swedish players.
Using Swish for Gambling Transactions
Before you start making Swish casino transactions, you must download the Swish app as well as Mobile BankID. You will use Mobile BankID to verify your transactions via Swish securely. All citizens of Sweden can request a BankID from their banking institutions, and they can use it to log in to their online banking accounts. You must have an account with one of the seven Swedish banks that work with Swish to boost your gaming balance. The same applies to the virtual operator you are depositing to, which must also have an active bank account at one of these seven banks.
The mobile app is available for Android, iOS, and Windows Phone users, which means virtually anyone with a smartphone can install and use the application. You can switch between several bank accounts in the Swish app; however, you must use a different phone number for each of them.
The Swish app can be used for payments at stores as well as online merchants, including virtual casinos where Swedish gambling fans play. To make fast and secure deposits at your preferred gaming website, follow these simple steps. First, open an account and provide your Mobile BankID when creating your casino profile. Then, head to the Cashier and select Swish from the deposit options. Tap the button labeled “Input,” which will prompt you to open the Swish app on your phone.
Check that the recipient and the amount are correct, then verify the payment via Mobile BankID. You can also save certain recipients under Favorites, enabling you to send money to them without entering their phone numbers every time.
Deposits made through Swish are instant, allowing you to place real-money bets right away. Moreover, verifying transactions with Mobile BankID makes the payment process extremely safe. Before depositing, ensure you have sufficient funds in your bank account, or the transaction will not be processed.
One of the newest features Swish offers is the ability to create and scan QR codes. This means that if you wish to make a payment at an online merchant, including an online casino, you can simply scan the QR code provided by the merchant. This saves you from entering any transaction details, and you will only have to verify the payment via Mobile BankID.
Unfortunately, Swish can only be used as a deposit option at online casinos, so players will need to choose alternative banking solutions when they want to cash out their winnings.
| Swish Gambling Transactions | |
|---|---|
| Supported Transactions | Deposits |
| Deposit Pending Time | Instant |
| Withdrawal Pending Time | N/A |
| Additional Security | Uses Mobile BankID (requires a download of the BankID app); automatic sign-out after 3 minutes of inactivity |
Advantages and Disadvantages of Using Swish as a Payment Method
For gambling fans, there are several advantages to using Swish. First, it allows instant deposits, enabling casino members to make real-money bets on their favorite games right away. This is a great perk, as some deposit methods take longer to boost your gaming balance.
Another positive feature of Swish is that it requires players’ Mobile BankIDs to verify transactions. This ensures that the payment option is extremely secure and protects users while adding funds to online casinos. Swish also works with seven of the biggest banks in Sweden, which proves that the service is highly trustworthy.
The hassle-free payments Swish provides are another strong point. The fact that the application is available for Android, iOS, and Windows Phone users allows many players to use it for their casino deposits. The mobile app is available in all respective app stores and can easily be downloaded and installed on your smartphone.
While some payment options can disqualify you from casino promotions, depositing via Swish will not make you miss out on bonuses. If you add funds to your casino account this way, you will still be able to claim the various promotions virtual casinos offer.
The fact that you cannot make a deposit via Swish unless you have enough funds in your bank account is also an advantage. While payment methods such as credit cards are not ideal for players who struggle to manage their bankrolls, Swish allows you to maintain control over your spending. Because you can spend only the money available in your bank account, you cannot overspend or deposit more than your balance.
Another great thing about using Swish at an online casino is that you will not have to pay any additional fees to the casino. A budget-friendly payment option is definitely a perk every casino enthusiast will appreciate.
Even though Swish is an excellent banking solution for casino players, it still has some drawbacks that may lead you to choose an alternative payment method. First, the company works only with seven Swedish banks. Although they are major institutions, your bank might not support the service. Moreover, Swish is available only to Swedish citizens, leaving out many casino members from other parts of the world.
There is also the inconvenience that Swish can be used only for deposits at online casinos. This forces players to select a different payment solution when they want to withdraw their funds, which can be an issue for those who prefer to use a single method for all their payments.
| Swish Pros | Swish Cons |
|---|---|
| Cost-efficient payments in real time | Requires the user to have a bank account |
| Hugely popular in Sweden (over 7.7 million Swedes use it) | Unavailable for withdrawals |
| Supported by the best Sweden-friendly online casinos | Supported by several Swedish banks only (Danske Bank, Alandsbanken, Forex Bank, ICA Banken, Skandia, Handelsbanken, Nordea, SEB, Sparbanken Syd, Marginalen Bank, Swedbank, Länsförsäkringar) |
| Secure transactions | Limited availability in offshore online casinos |
| You pay with your phone straight from your bank account | Works with SEK only |
Fees for Swish Gambling Transactions
The great thing about Swish is that it costs nothing to use the app. On top of that, sending or receiving money via the app is absolutely free of charge. In addition to paying no surcharges to Swish, most interactive casinos that accept payments via the service also do not impose any fees.
Some payment options at virtual casinos involve fees, often imposed by the casino itself. Sometimes, even if the casino does not charge payment fees, players’ banking institutions may charge them for making payments at online casinos. Thankfully, Swish users do not have to pay any fees for using the app or topping up their gaming balance.
The banks that work with Swish do not charge their clients for using the service either. In fact, the only time players might incur additional charges is when they use the Swish app for payments while abroad, and their mobile subscription does not include free data outside Sweden.
| Swish Fees | |
|---|---|
| Gambling Deposit Fee | Free for private persons if the base currency of your casino account is SEK |
| Gambling Withdrawal Fee | N/A |
| Bank Account Deposit Fee | N/A |
| Bank Account Withdrawal Fee | N/A |
| Credit/Debit Card Deposit Fee | N/A |
| Credit/Debit Card Withdrawal Fee | N/A |
| Maintenance Fee | N/A |
Processing Time with Swish
When you are playing for real money online, the last thing you want to do is wait for your funds to become available. It is therefore wise to choose deposit methods that boost your casino account immediately. Since Swish accommodates fast payments, players can be sure they will top up their gaming balance instantly. That allows them to play their favorite casino games right after making a deposit.
Uploading funds via Swish is fast because the process is very simple. The only thing you have to prepare in advance is downloading the Swish app on your phone and connecting to your bank via Mobile BankID. When you initiate a deposit via Swish, all you need to do is authenticate the transaction with your Mobile BankID.
| Swish Processing Times | |
|---|---|
| Gambling Deposit Time | Instant |
| Gambling Withdrawal Time | N/A |
| Bank Account Deposit Time | N/A |
| Bank Account Withdrawal Time | N/A |
| Credit/Debit Card Deposit Time | N/A |
| Credit/Debit Card Withdrawal Time | N/A |
Mobile Payments
Considering that Swish is a mobile-based payment solution, it is only natural that it can also be used at mobile casinos. Many players enjoy placing wagers on the go, so they need a convenient deposit option that allows fast and secure payments. If you access a casino website through your mobile device, the depositing process will be the same as on your computer.
As long as you are logged into your casino profile and have saved your BankID, you will be able to add money to your gaming account via Swish. Players gambling on the move will follow the same steps: choose Swish as the preferred deposit method, enter the amount they wish to upload, and tap the “Input” button. This will redirect them to the Swish app, where they must verify the transaction using their Mobile BankID.
Even if you are enjoying your casino time while commuting, you can easily boost your gaming balance with Swish. The payment method is designed to help players make instant transactions with a few taps on their phone screens.
| Swish Mobile Payments | |
|---|---|
| Apple Pay | No |
| Google Pay | No |
Security at Swish Online Casinos
If your money is available with just a few taps on your smartphone, you may wonder how secure this method is. The main reason Swish is considered very reliable is that it requires players to authenticate their payments via Mobile BankID.
Think of Mobile BankID as your digital ID that allows you to log in to your personal bank account. This feature prevents anyone else from logging into your Swish app and authenticating payments without your knowledge.
In addition to Mobile BankID, you may be able to use Touch ID or Face ID on iOS devices, provided your bank supports these features as valid authentication measures.
Moreover, Swish works only with major banking institutions in Sweden. This shows that the service is extremely trustworthy, and you can rely on Swish when you want to transfer your money in a safe and secure manner.
Although Swish helps you make deposits from your bank account, it acts merely as a mediator between your bank and the virtual casino. This means your bank details will not be shared with or stored by Swish, and no third party will be able to see them.
| Swish Security | |
|---|---|
| Passcode | Bank-specific |
| Fingerprint | Bank-specific |
| FaceID | Bank-specific |
| Two-Factor Authentication | Yes |
| Trusted Devices | Bank-specific |
| IP Restrictions | Bank-specific |