Looking forward more information to know if Klarna online casinos are the right for you? Stay with me while we cover the main points of Klarna as a casino banking method that allows for fast deposits and in few casinos, also for withdrawals.
Klarna is a leading Swedish fintech (financial technology) company that provides a variety of online financial services such as online payment processing, purchase financing, and more. Klarna was founded in 2005 and began offering services in Sweden. In 2007 they began processing payments in the rest of Scandinavia. In 2010, they added Germany and the Netherlands to the growing list of countries where their services could be used. Since then, they’ve established a global presence, expanding their operations to 17 countries throughout Europe, Australia, and North America.
At the time of writing, the company employs about 3,000 people with the majority of employees working at Klarna’s headquarters in Stockholm. Estimates show that nearly half of all electronic payments in Sweden go through Klarna’s systems and the company has handled more than $35 billion in sales annually. From very humble beginnings, the company has become one of Europe’s largest financial institutions. All in all, Klarna handles more than 1,000,000 transactions from millions of customers all over the world each and every day.
In this article, we’re going to take a look at how Klarna works, the advantages and disadvantages of using this leading Swedish payment processor, and how to get yourself all set up and ready to conduct transactions with your favourite online casinos. By the time you get to the end, you should have a clear idea of how Klarna works and how to find the best Klarna casinos for you.
What Is Klarna?
Klarna is a versatile payment processing solution that can be used to conduct financial transactions with online casinos and more than 200,000 online and offline retail stores quickly, easily, and securely.
A Klarna account can be associated with both credit and debit cards to cover payments.
Once you have a Klarna account set up, the company offers different payment options that offer significantly more flexibility than one would get when paying directly with a credit or debit card. What has made Klarna so popular with consumers is the ability to break most purchases up into three interest-free payments. There are also longer-term financing options (which do accrue interest) that allow buyers to pay for purchases in a number of monthly payments that can span anywhere from six months to three years.
For our purposes, however, it is important to note that payment and financing options are not available when using Klarna to fund a casino account. In order to fund a casino account using Klarna, you will need to have the full amount of the deposit you wish to make available on your debit or credit card. This is, of course, to prevent people from getting in over their heads and gambling with money that they don’t actually have. Still, the payment options available when making retail purchases are a factor in making Klarna an attractive payment processing service.
✅ Advantages Of Klarna Online Casinos
Additional Privacy & Security Layer
The main advantage of using Klarna to conduct your banking transactions with online casinos is the added layer of security and privacy that the service provides. When you fund a casino deposit using Klarna, none of your financial data is transferred anywhere between yourself, Klarna, or the casino. Klarna will approve the transaction with the casino and then bill your card using their own internal systems. Your sensitive banking information is never transferred over the Internet.
What really stands out, however, is that Klarna provides this layer of privacy without sacrificing convenience or functionality. There are no cards to buy, or e-wallets to fund. Plus, you have the protection and security that comes with using a large, international, recognized and regulated financial company. Making your casino deposit or retail purchase is just as quick, safe, and convenient as using your credit card, except that you don’t have to expose your card details to anyone.
Variety of Funding Methods
Again, Klarna’s multiple payment options can’t be used when making a deposit at an online casino, but the ability to put them to use when making retail purchases is a factor to consider. When you use Klarna’s “Pay In 3” feature, you’ll be able to make three monthly payments on your purchase with no extra fees or interest. If you made the same purchase directly with a credit card and paid it off over three months you would undoubtedly be charged interest. Klarna’s longer-term financing and payment options may also have more favourable terms than your regular credit card.
Klarna Special Deals
Another benefit that comes with creating a Klarna account is that you’ll automatically receive information about special promotions like raffles, exclusive sales and deals, new product launches, and more. The company also provides a long, searchable list of retail outlets that will happily accept Klarna for purchases. As a Klarna customer, you get much more than just a convenient way to pay for things.
❎ Disadvantages Of Using Klarna To Fund Casino Accounts
The Klarna system is well designed and, as a payment processor, it functions wonderfully. Still, there is no financial service organization in existence that doesn’t have at least one or two flaws. No system is perfect and not everyone has the same needs.
Few Casinos Accept Klarna as a Withdrawal Method
Perhaps the most glaring disadvantage of using Klarna to process payments for your online casino account is that many casinos that accept Klarna for deposits don’t allow players to use it for withdrawals. We’re not sure if this is because Klarna’s system somehow makes it difficult for casinos to send money back to players or if perhaps there are fees involved that the casinos tend to not want to pay. Regardless of the reason behind this, at the end of the day, the fact is that it can be difficult to find a casino that will process withdrawals through Klarna.
Klarna is not Widespread in Online Gambling
On the other side of things, even though Klarna is accepted by hundreds of thousands of different retailers, it is not very widespread as a casino payment method (yet). Depending on where you are and where you want to play, it might take some extra effort to find a casino that works with Klarna as an account banking option.
How To Set Up A Klarna Account
Signing up for a Klarna account is quite easy. In fact, you don’t even need to sign up for an account prior to using Klarna.
The easiest way to get set up with a Klarna account is simply to choose Klarna as the payment method that you’d like to use and then follow the on-screen instructions. If you’ve never used the system before, you’ll be asked for a few bits of information and an account will be automatically created for you.
To create a Klarna account you will need to be ready to provide your:
- Email Address.
- Phone Number.
- Current Billing Address.
- A Valid Credit Or Debit Card.
If you have all of the necessary information handy, creating your Klarna account and completing your first casino deposit will only take a few moments.
Casino Deposits And Withdrawals With Klarna
Just as we outlined above, making a deposit at your favourite online casino using Klarna is not difficult at all. You simply have to choose Klarna as your preferred payment method and follow the prompts. If you don’t already have an account, one will be created for you.
Once your deposit transaction has been approved, the full amount of your deposit should be available to use in the casino instantly.
In order to cash out your earnings, you need to use Klarna via SOFORT (their partner company for instant banking).
Simply select Klarna/SOFORT from the list of available withdrawal methods. You will need to provide your payment details again and if you’ve never withdrawn via Klarna before, you will first have to make an account and link it to your online bank.
Klarna Casino Frequently Asked Questions – FAQs
Klarna is available in many countries across Europe and North America as well as Australia and New Zealand. It is possible, however, that Klarna is available in your country but can’t be used to fund online casino transactions. This will depend on the laws of the jurisdiction where you live. If you’re unsure, you can get in touch with support at either Klarna or the casino where you want to play to find out.
Yes, you should be able to claim any deposit bonuses offered by most casinos. The Klarna payment method works in a similar fashion to credit cards. Most casinos don’t have any special requirements or terms regarding Klarna deposits.
No. Klarna does not charge consumers for using their service. It is up to you, however, to double-check and make sure that the casino where you want to play doesn’t charge any type of fee or commission of its own.
Yes. All transactions are conducted over secure and encrypted connections that use the most advanced industry technologies available. In addition, no credit or debit card information is transmitted to or stored by any merchant when you pay with Klarna.
The total amount of money that you’ll be able to deposit at one time will depend on different factors at the time you attempt to run the transaction. Klarna basically works like a revolving line of credit and each individual purchase is checked and evaluated for approval as it happens. The company may approve or decline transactions based on your credit history, payment history with Klarna, or the number of purchases made in a given period of time.
If you have questions about account limits, payment limits or terms, or how transactions might affect your financial scores, you should contact Klarna support directly.