Sofort (Klarna Bank AB), is a Swedish online payment method intended for online banking and one-off transactions. The bank provides a solution to online merchants, credit payments, debt collection, and more, and is Sweden’s premier e-commerce financial service.
Over 40% of the e-commerce sales in this European country are handled through Sofort annually, making it the most popular direct online payment method. Sofort was launched in 2005 in Stockholm. After receiving a few hefty investments by different groups and firms, Klarna AB’s revenue skyrocketed.
In 2011, The Telegraph listed Klarna as one of the most promising European tech companies, bringing recognition to the company’s efforts. The same year, Klarna received a $155 million financial injection from growth equity firm General Atlantic and later acquired Israeli-based company Analyzd that specializes in online payments and risk management.
In the next few years, the company expanded its range of services to Austria and other European countries while also merging with German company SOFORT AD. Both companies continued running their own operations side by side, offering their services to more than 60 million people across Europe.
With more than 90,000 online merchants hiring Klarna and accepting Sofort, the company became one of the largest in Europe, currently hiring over 2,000 people and being worth north of $2 billion. Nowadays Sofort is also a commonly used payment method for online gambling in some european countries.
How to Deposit Via Sofort?
Depositing with Sofort is a simple and easy process that won’t take much of your time. Sofort relies on online banking for transactions and is used by more than 20 million people, predominantly in Austria, Germany, and Sweden.
To make a deposit with Sofort in a casino site, for example, you first need to make sure that the online casino accepts the payment method. If it does, pick Sofort from the list of options and you should be instantly redirected to an online banking environment. Next, pick your bank and country from the list, enter your details, and confirm the payment.
Everything will be over in just a few seconds and your money will be on its way to your account. Simple, isn’t it? The great thing about Sofort and online payment methods in general is that you can easily deposit and withdraw money from either desktop or mobile devices.
How Can I Withdraw My Winnings?
To withdraw your winnings, all you have to do is pick Sofort from the withdrawal options list if the casino offers it. The casino should keep all your details if you’ve already funded your account with Sofort previously. If you haven’t, you’ll need to enter your bank details including an IBAN or SWIFT number and some additional details – you can learn more about them on the bank’s website or contact representatives over the phone.
Play Sofort at:
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The payout times will depend on the casino – in general, this process takes up to 72 hours. Still, that’s much faster than using a bank transfer.
Transaction Times and Security.
As we already said, you’ll need to read the T&Cs of your preferred online casino to learn when to expect the money in your online bank account. The deposits are usually instant (some casinos need a few hours to put the money into your account), while withdrawals are slower and may take up to 72 hours (pending period included for Sofort). The main disadvantage of Sofort is that it’s not available in all European countries – for a full list of countries that accept it, you should check Klarna’s website.
As for the security, it proudly states on their website that it’s one of the safest payment methods available, keeping your personal and sensitive information away from the hands of hackers.