Klarna Casinos

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

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 extreme ease.

While Klarna is offering its customers a range of payment solutions, casino players can make use of them when they want to deposit to their gaming accounts and cash out their winnings. Currently, only the instant banking service by Klarna will be available to online casino players. That said, it will still enable fast, secure, and hassle-free payments for numerous casino fans.

Using Klarna for Gambling Transactions

The entire payment process via Klarna is a cinch, giving players peace of mind when they handle their money via this method. Despite Klarna offering a range of services, at the moment of writing this review, casino players will be able to utilize 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, as this is the same service that is simply using an alternative name as SOFORT was acquired by Klarna a few years back.

Before you can use Klarna for your casino payments, you will need to open an account with the company. Becoming a Klarna customer takes very 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.

The way Klarna conducts payments at online casinos is in the form of 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 be exposing 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 selection 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 whichever option you would like to use. Once you have done that, you will simply need to 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 one. 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 proceed with providing the banking details of the account you would like to withdraw your winnings to.

After you finalize your withdrawal request, the casino will have to approve the payout before you receive your money. This process may usually take up to 48 hours, with some online casinos approving 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 more online casinos. If you are still unsure about whether this method is the right choice for you, it may be of use 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 also become a very popular payment solution among numerous casino fans. This means that more online casinos started accepting payments via Klarna and it is extremely easy to find a gaming website where you can utilize the instant banking service of the fintech company.

After Klarna had acquired SOFORT in 2014, it further expanded the markets where 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 via the payment system of Klarna.

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 huge fees when you deposit or withdraw money. One of the biggest advantages of using the instant banking service of Klarna at an online casino is that you will most likely not be required to pay any fee for the transaction.

If Klarna is also available for withdrawals, in most cases, you will also 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 fees policy of the casino before you proceed with making any payments.

While there are no fees charged on the 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 are using 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 the services of Klarna 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 the instant banking service of Klarna, casino players can transfer money into their gaming accounts extremely fast. Once you enter your bank account or card details while depositing via Klarna, as soon as you confirm the payment, your funds should be available in your casino balance.

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 will need to be approved by the casino before you receive your winnings. Once you select the bank account you would like to transfer your casino funds to, 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 always 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 kinds of mobile devices. While the Klarna app is mainly suitable 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 have the chance to turn on additional verification steps whenever they log into their Klarna account. Biometrics such as fingerprints or FaceID will allow you to limit access to your Klarna profile, enabling you to log into your account only after you have entered your personal PIN, scan your fingerprint, or even your face.

Even if you do not install the Klarna app on your smart device, this does not mean that you will not be able to 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, you can head to the Cashier section and choose Klarna or SOFORT as your payment option. The following steps may be familiar as they 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

Security of payments is one of the most important things for online casinos, and Klarna is definitely showing remarkable achievements 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 the service of Klarna for your casino payments, you will be able to initiate deposits and withdrawals without exposing any type of sensitive information to the virtual casino. That will make your transactions a lot 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. Otherwise, the company makes sure that no unauthorized third party will be able to abuse the personal information you have provided 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, one could choose to enable log-in via a PIN, a fingerprint scan, or the FaceID feature of some smart devices.