Klarna

Klarna launched in 2005 with a core concept in mind. The service lets you buy things immediately and then pay them off bit by bit. The core concept was solid, and with some financial backing, Klarna was born. Alongside online shopping, you can use Klarna to deposit in online casinos. However, keep in mind you cannot use the pay later services for casino transactions. If you use Klarna, it will be a standard bank transfer.

Using Klarna for iGaming requires you to have the funds in your bank balance. Klarna acts as little more than an intermediary between you and the bank. Funds deposited through the service are instant, allowing you to play immediately.

Even though Klarna’s most iconic feature is not available, it can still be worth using the payment method if you already use it elsewhere. Read on to learn everything you need to know about Klarna and online casinos.

What is Klarna?

Klarna is an online payment service that allows customers to shop online and split the cost of their purchases. To use Klarna, you have to connect a debit card or bank account to your account. Klarna does not charge any fees when using it for transactions, which makes it great as a casino payment method.

Fast transactions and a straightforward signup process help make Klarna attractive to casino members. The service is more secure since your banking information is not directly revealed to the merchant.

Though some online casinos support withdrawals via Klarna, many do not have such an option. If you cannot cash out using the payment method, your next best bet is a bank transfer.

Klarna Account

You will have to register an account with Klarna to use its services. We only recommend signing up and using the service if you plan to use it outside of depositing in online casinos.

Company

The story of Klarna began with three friends: Sebastian Siemiatkowski, Niklas Adalberth, and Victor Jacobsson. The trio pitched the idea for Klarna at an annual entrepreneurship award at the Stockholm School of Economics, only to be shot down by the judges. Despite the disapproval, the trio pushed forward with the idea, co-founding Klarna in 2005.

With a good concept and venture capital investment, Klarna slowly but surely took shape. It was so successful it purchased German SOFORT in 2014. By 2019, Klarna was Europe’s most prominent fintech startup. As of June 2021, Klarna is worth an impressive $45.6 billion.