If you’re betting from Germany, Austria or Switzerland, there’s a big chance you already know the answer to ‘what is Sofort’. However, for all our readers that are still trying to find the best payment option for effective and enjoyable online betting, we’re going to briefly present Sofort Banking. Even though it was recently rebranded as Klarna, most bookmakers decided to keep the old name since it has built an awesome reputation over the years. No matter if you find it under Sofort or Klarna in the cashiers, you can rest assured knowing that it’s the same high-quality payment option.
It is, without a doubt, the most popular online bank transfer method in all German-speaking countries and allows punters to deposit directly from their bank account through the home / mobile banking app. Its unparalleled security, transfer speed and availability make it the best solution for many punters. And, even though it’s a German-oriented payment option, some bookies managed to make Sofort available in the Finnish market as well through some coding innovations.
Best Sofort Bookmakers
Since such a great and reliable payment method needs to be combined with an equally qualitative sports betting site, we’ve analyzed the most popular bookmakers to make sure they offer the Sofort payment first of all. Of course, offering Sofort isn’t enough for a bookie to make our list of best Sofort bookmakers, so we also made sure each recommendation delivers high odds, diverse betting markets as well as fast payments and excellent customer service.
Sofort überweisung for Online Betting
No matter if you find it under the names Sofort, Klarna or Sofortuberweisung, you’re dealing with the same payment method that was perfectly adapted for online betting. One of the main advantages of using Sofort at online betting sites is that you won’t need to create another account to make the payment. By simply choosing Sofort in the cashier, inputting the amount you want to deposit and providing the PIN and TAN number for verifying the transaction, the funds reach the sportsbook instantly. The instant transfer of funds to the bookmaker is another advantage you enjoy with Sofort. Add the lack of fees for both deposits and withdrawals and you get a perfect payment option for online betting.
Continuing our Sofort banking review, we want to inform you that all bookmakers will allow you to use Sofort in either EUR for players in Germany, Austria and Belgium, or Swiss Francs for players betting with Sofort from Switzerland. When it comes to transaction limits for online betting, Sofort can have different amounts from one bookmaker to another. However, the standard minimum deposit is €10 while the maximum is in the high four-digit range or even inexistent. Since Sofort is an online bank transfer, you also need to check the agreed bank transfer limits with your bank in order not to get restricted on deposits. And since we mentioned the banks, Sofort can be used with all international banks like Raiffeisen, Deutsche Bank, Erste, Unicredit, Credit Suisse Group or Commerzbank.
Sofort – the go-to Online Payment Option in Germany
Germany is the homeland of Sofort as an online payment method. The company, Sofort Gmbh was founded here in 2006 and since then it is very rarely German punters will use any other deposit option to fund their online betting accounts. And why would you use any other option for online betting when Sofort gives you instant payments, no fees when you deposit and withdraw on bookies or when you take out cash at the ATM in top security? You can have an excellent betting experience using Sofort at top bookmakers like 888sport, bwin or bet365. Keep in mind that all these bookmakers have a minimum deposit amount with Sofort of €20. Deutsche Bank, Commerzbank, KFW Bankgruppe, DZ Bank, Landesbank Baden-Wurttemberg and Bayerische Landesbank are just a few of the top banks you can use Sofort within Germany.
Instant Online Transactions – Sofort Austria
Austrian bookmakers were also quick to implement Sofort payments due to its numerous advantages and ever-growing popularity among punters. There are no major differences in the way Sofort works for Austrian punters, you get the same fee-less instant deposits, quick payouts and seamless ATM cashouts. Since everything revolves around your bank account, there are no extra fees or steps you need to take. Like when using an ewallet, for example, where you have to get the funds from the bookmaker in the ewallet and then transfer the funds again to your bank account and face extra fees just so you can withdraw cash at the ATM. The most popular financial institutions that partner with Sofort for online payments to bookmakers are: Erste Group, RZB Group, Unicredit Bank, BAWAG P.S.K, Raiffeisen, Oesterreichische Kontrollbank AG or HYPO NOE Gruppe.
Pay Online the Swiss Way – Sofort Switzerland
Even though they’re not part of the EU, Swiss punters can breathe easily as they can also use Sofort to top up their online bookmakers’ accounts. After all, it wouldn’t sound right for a country that is known for its clinical banking services not to cater to the needs of online punters. The same system with 0 fees, 0 delays and 0 complications is in place. All the major banks in Switzerland can be used to make seamless online payments via Sofort. UBS, Credit Suisse, Zurich Cantonal Bank, Julius Baer or EFG International are just some of the most popular examples.
Giropay vs Sofortüberweisung
Now that we’ve been over what is Sofort banking and we’ve seen the advantages it brings for online punters, it’s time to put it head to head with other popular payment options in the area and see how well it does. The first major competitor for Sofort from online sports betting perspective is Giropay. Even though both payment options use online bank transfers, Sofort is superior when it comes to the number of banks punters can choose to make payments as well as availability at online bookmakers. Just like Sofort, Giropay does not include any fees for online betting. However, it has one disadvantage, namely that it’s not available as a withdrawal method. So, if you do use Giropay to make a deposit, you’ll need to find a different way to get your money back from the bookies.
If for any reason, you can’t use Sofort to deposit on your online bookmaker of choice, there are several alternatives available. Comparing Klarna with PayPal isn’t exactly fair since one is an instant online banking payment method while the other is an ewallet, however, its popularity in Germany, Austria or Switzerland makes it a good alternative nonetheless. PayPal also offers instant deposits with no fees, however, when it comes to receiving funds from the bookies, you will have to face a fee of $0.30 + 2.9% out of the amount.
Another suitable alternative for those that can’t access Sofort for instant online betting payments, comes from Paysafe. Compared with the Paysafecard, Sofortüberweisung is indisputably better. The first downside for Paysafe comes from having to buy one from a local shop with cash. You can get them online as well, however, you are facing fees of up to 3% on any purchase. The other disadvantage of Paysafecard that most punters won’t be able to digest is not being suitable for withdrawals. Since Paysafe is basically a voucher with a 10-digit PIN code on it, you won’t be able to transfer funds back to it.
Since we’re always focused on delivering complete info to our readers, besides the in-depth Sofort analysis, we scanned the online betting landscape for new bookmakers where you will find this excellent payment option. Here are some of the newest sportsbooks accepting Sofort payments:
Sofort is such an outstanding payment option for all those into online betting and a lot of players enjoying bookies licensed outside the EU wish they could get access to it. Well, guess what? Thanks to some clever engineering and third parties, bookies like 1xBet or Campobet with Curacao licenses are able to offer Sofort to their punters at the same quality and safety levels. So, as long as you have an account with one of the banks Sofort operates with, you will be able to use it. So, with Sofort becoming widely available, things are looking great.
Full list of Klarna Betting Sites
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