Klarna Casinos

Founded in 2005, Klarna has become a popular payment method among online casino enthusiasts in recent years. This service enables fast and easy online transactions and is currently available in numerous countries around the world. Although the fintech company was founded in Sweden, it expanded its reach further after acquiring SOFORT.

Nowadays, Klarna enables residents of more than 15 countries to enjoy smooth, fast, and secure online payments. The service is also widely accepted at online casinos, as it allows players to handle their gaming funds with great ease.

Although Klarna offers its customers a range of payment solutions, casino players can use them to deposit to their gaming accounts and cash out their winnings. Currently, only Klarna’s instant banking service is available to online casino players. That said, it still enables fast, secure, and hassle-free payments for numerous casino fans.

Using Klarna for Gambling Transactions

The entire payment process via Klarna is simple, giving players peace of mind when they handle their money with this method. Although Klarna offers a range of services, at the time of writing this review, casino players can use only the instant banking service of the fintech company. You may come across virtual casinos that accept payments via SOFORT by Klarna. Do not worry, this is the same service under an alternative name because SOFORT was acquired by Klarna a few years ago.

Before you can use Klarna for your casino payments, you will need to open an account with the company. Becoming a Klarna customer takes only a few steps, allowing you to join the fintech system of the brand in just a few minutes. Once you have done that, you can use Klarna for your casino deposits and sometimes for withdrawals as well.

Klarna conducts payments at online casinos as a mediatory service that links your casino account with your bank. However, since you will not be initiating a direct bank transfer, you will not expose any banking details to the virtual casino.

The instant banking service of Klarna is extremely easy to use at interactive casinos. All you need to do is head to the deposit section of the casino, enter the amount you would like to transfer to your gaming balance, and select either Klarna or SOFORT (whichever option is visible on the casino’s deposit page) as your payment option.

To proceed with the deposit, you will be required to provide your card or bank account details, depending on the option you wish to use. Once you have done that, simply verify the payment and your money should be instantly available in your casino account.

Klarna can sometimes be used as a withdrawal method as well, with the payment process being very similar to the deposit process. It should be noted, however, that some virtual casinos do not accept withdrawals via the instant banking service of Klarna. This may force players to look for alternative methods for their cashouts. That said, if you see Klarna or SOFORT among the supported withdrawal methods at the online casino, select whichever of the two options is available and provide the banking details of the account to which you would like to withdraw your winnings.

After you finalize your withdrawal request, the casino will have to approve the payout before you receive your money. This process usually takes up to 48 hours, though some online casinos approve withdrawal requests even faster. After the casino accepts your withdrawal, the money should appear in your bank account instantly.

Advantages and Disadvantages of Using Klarna as a Payment Method

As Klarna has become more popular, you will most likely start seeing it among the supported payment solutions at an increasing number of online casinos. If you are still unsure whether this method is the right choice for you, it may be useful to compare the advantages and disadvantages of the payment solution.

Since Klarna has expanded its presence to offer payment solutions to residents of different countries around the world, it has become a very popular option among numerous casino fans. This means that more online casinos have started accepting payments via Klarna, and it is extremely easy to find a gaming website where you can use the fintech company’s instant banking service.

After Klarna acquired SOFORT in 2014, it further expanded the markets in which it offers its payment solutions. This means that even if you see online casinos that support payments via SOFORT, you will actually conduct your payments through Klarna’s system.

Klarna Pros and Cons

Pros

Cons

Supports both deposits and withdrawals

Often casinos accept Klarna only for deposits

Payments are processed instantly

Not all Klarna services are available to casino players

Available at many trustworthy casinos

Deposits via cards are not available to all casino players

Offers a dedicated mobile app

Fees for Klarna Gambling Transactions

If you are playing online for real money, it is always good to find a payment solution that will not incur high fees when you deposit or withdraw money. One of the biggest advantages of using Klarna’s instant banking service at an online casino is that you will most likely not be required to pay any fees for the transaction.

If Klarna is also available for withdrawals, in most cases you will be able to cash out your winnings without the casino imposing any surcharges. Even though it is rare for online casinos to impose fees on Klarna payments, it is always recommended to check the fee policy of the casino before you proceed with any payments.

While there are no fees charged on behalf of virtual casinos, it is possible that players are charged certain fees for their transactions via Klarna. The rates of any surcharges depend on the banking institutions that players use to handle their money.

Opening an account with Klarna is completely free, and you will not be charged any annual fees for maintaining your Klarna account. Using most of Klarna’s services is also free of charge, with customers required to pay fees only if they make use of the Monthly Financing service.

Processing Time with Klarna

One of the biggest advantages of using Klarna is the chance to instantly top up your gaming account and enjoy your winnings in no time. Thanks to Klarna’s instant banking service, casino players can transfer money into their gaming accounts extremely fast. Once you enter your bank account or card details while depositing via Klarna and confirm the payment, your funds should be available in your casino balance right away.

While Klarna is not always available as a withdrawal option at virtual casinos, if you can use it for your cashouts, you will enjoy instant transactions. One thing to keep in mind when you initiate your casino withdrawals is that they need to be approved by the casino before you receive your winnings. Once you select the bank account to which you would like to transfer your casino funds, your request will be reviewed by the casino’s team. The pending time for your withdrawals to be approved is usually up to 48 hours.

When the virtual casino approves your withdrawal via Klarna, the money should be instantly transferred to your bank account. This is extremely convenient, as there are rarely withdrawal methods that enable such fast transactions.

Mobile Payments

As Klarna is aware that mobile payments are one of the easiest ways for people to handle their online purchases, the fintech company has launched its own mobile app. It allows Klarna users to stay on top of their payments and make use of the company’s services no matter where they are. As mobile casinos are extremely popular among players, Klarna’s app comes in handy when one needs to fund their casino account on the go.

The mobile app is available to both Android and iOS users, giving them the option to download the application either from the official website of the service or the dedicated app stores of the two mobile platforms. While the Klarna app is mainly intended for paying for purchases online, as it enables users to make use of its popular Pay in 4 service, it can also be useful for online casino players.

One of the great features of the Klarna app is that it can add another layer of protection to your payments. App users can turn on additional verification steps whenever they log into their Klarna accounts. Biometrics such as fingerprints or FaceID allow you to limit access to your Klarna profile, enabling you to log in only after entering your personal PIN, scanning your fingerprint, or scanning your face.

Even if you do not install the Klarna app on your smart device, you can still initiate payments on the go and fund your casino account via your mobile device. If you are playing on a casino app or you have loaded the mobile version of a virtual casino, head to the Cashier section and choose Klarna or SOFORT as your payment option. The following steps will be the same as the ones you go through when playing on your PC. Simply provide your banking details to confirm your casino deposit or withdrawal, and Klarna will help you handle your gaming funds while you are on your smartphone.

Security at Klarna Online Casinos

Payment security is one of the most important aspects of online casinos, and Klarna shows remarkable progress in that department. As the fintech company relies on industry-standard security technology and tools, players can be sure that their casino payments are always protected.

If you decide to use Klarna for your casino payments, you will be able to initiate deposits and withdrawals without exposing any sensitive information to the virtual casino. That will make your transactions much more secure, giving you peace of mind while you are handling your casino funds.

The data you share with Klarna to make your virtual payments, including those at online casinos, is always properly protected. The company utilizes encryption technology to ensure that no unauthorized individuals will have access to your personal information or funds. The data you provide is kept safe on servers that can be accessed only by authorized Klarna employees. Additionally, the company makes sure that no unauthorized third party will be able to misuse the personal information you provide to make your Klarna payments.

While the Klarna app utilizes the same strict security measures and tools, it also allows its users to add another layer of protection to their payments. As already mentioned, you can enable log-in via a PIN, a fingerprint scan, or the FaceID feature of some smart devices.