Klarna is a Swedish company offering online banking methods that include various payment services. These include instant payments from the bank account, post-purchase interest-free installments charged every two weeks, “buy now, pay later,” and credit option with revolving account for 6-36 months payment plan.
The company was founded in Stockholm in 2005 but has soon expanded to Denmark, Finland, and Norway. The main reason for spreading into other markets is that Klarna, from the inception, had a different approach and devised a range of innovative and flexible digital payment solutions.
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Klarna Merged With Sofort
In 2014 a large Klarna Group was born when it merged with Sofort. Sofort is a leading instant banking method in Germany, Switzerland, Belgium, and Austria. Although Klarna is widely accepted across all major countries in Europe, from 2015, it successfully entered the US market. It’s now available in more than 15 countries. It’s now one of the largest and most successful European banks that enables payment solutions for more than 80 million consumers.
It’s accessible in Sweden, Australia, Denmark, Austria, Belgium, Netherlands, Germany, Italy, Finland, Norway, the UK, Switzerland, the United States, and Spain. The service supports the major currencies: EUR, GBP, USD, AUD, CHF, DKK, SEK, NOK.
Following this enormous success, it was quickly accepted by many web-based casinos. It is now one of the favorable deposit solutions for live casino players globally. Although Klarna has several digital payment products, not all of them are suitable for online casinos. Klarna Instant banking is the one that fits perfectly. The players can directly make deposits into their casino accounts from a bank account. The management of online funds is done through Klarna that is both a faster and safer solution. It’s even considered as a convenient alternative to Trustly or Giropay.
How to Deposit via Klarna?
Klarna offers its clients to pay using direct banking that is known as Pay now. The list of online casinos offering this banking option is continually growing. To put a deposit to your gambling balance, go to the cashier page. Pay attention that depending on the country you leave in, this digital solution may be named as SOFORT or SOFORT by Klarna.
Pay now allow you to fund gaming account directly from your credit or debit card. The service will securely remember the login details, to enable seamless usage the next time you wish to top up your account. There is no need for any upfront registration for Klarna. The only two things needed is to have a valid bank account and that the online casino offers this financial method.
Once you access the payment interface, find your county and your bank, and specify the amount you wish to take. The page will redirect you to Klarna, where you need to log-in, fill in necessary data, and confirm. In case you receive a TAN (transaction authentication number: one-time-password (OTPs) that additionally authorize your transaction), enter it to secure the transfer. The funds instantly appear in your gambling account as the processing is done in real-time.
How to Withdraw via Klarna?
Even though Klarna is among the most popular and widespread online gambling banking methods, be careful to check if the web-based casino that allows deposits with Karna also allows cashing out with this service. Also, if you’ve already used Klarna to top-up the account, you will be able to use it to withdraw too.
Similarly to depositing, cashing out is done in the cashier section. Again, find Klarna or SOFORT and log-in, or re-use sign-up details from previous Pay now transactions that Klarna saved. Be aware you will not be able to retrieve the funds from the gaming to your bank account without the Klarna account.
Transfer Times, Fees, and Security
Deposits are instant, safe, with no additional fees from the service. However, your bank may be charging a fee. Also, pay attention that the processing time for withdrawal is not as instant as making a deposit. It may take 2-3 business days before the money is available at your bank account. Klarna doesn’t charge anything for the service. However, some casinos may charge taxes, and this also may apply to your bank as well. Although most online casinos will bear the cost, some decide to surcharge the player, so check the payment terms first to understand the rules.
The security logging to online banking through Klarna requires your banking credentials that are encrypted and safely stored during the processing. At the same time, you will receive a unique confirmation code to finish the transaction. To conclude, Klarna isn’t storing or sharing your banking details with merchants and online casinos.