Klarna has taken over the US, Europe and Australia with its ‘Buy Now, Pay Later’ scheme, becoming one of the fastest growing online payment methods. As you might imagine, Klarna betting sites are rising too, since players can take advantage of its zero fees and rapid transaction times.
You can use it to get Bonuses and betting promotions on multiple sites, without worrying about extra banking checks or credit. Is Klarna a suitable version for you, though? That’s what we are going to find out in this article.
Covering anything between fees, available countries, pros/cons and steps to get started, we created an in-depth guide for any bettor looking to use this method. Before we go any further, let’s see our 3 best Klarna Betting Sites.
Key Info for Betting with Klarna
Available in | 18 Countries | Deposit To Klarna Account | Free |
Accepted by | 125 sites | Currency Conversion | Free |
Transaction Fees | Free | Withdraw To Bank Account Fee | Depends on country/amount |
Avg Transaction Time | Instant | Card Available | YES |
Which Are The Top Klarna Bookmakers
What is Klarna
Sofort or Sofortuberweisung was a financial services company that was launched in Germany in 2005 and rapidly became popular in Austria and Switzerland. In 2013, the Swedish bank Klarna acquired Sofort, hence the reason why Sofort is known as Klarna these days.
Today, more than 60 million users employ Klarna for their daily transactions. However, the number of countries where it operates is limited (18). It is estimated that the company processes over $80 billion in transactions annually.
Is Online Betting with Klarna Safe
Sofort GmbH was founded in 2005 and was later acquired by the Klarna Group. Klarna was founded in 2005, and its headquarters are in Stockholm, Sweden. The parent company is Klarna Bank AB, which has a revenue of $753 million and is regulated by the Swedish Financial Supervisory Authority (FSA).
FSA is the Swedish government agency responsible for financial regulation. That ensures that your betting activity is legal. Regarding safety, except for the SSL encryption that Klarna uses before proceeding with any transaction, you need to provide your PIN and TAN. Klarna never saves this code to ensure that your details remain secure.
Yes. First, you must enter your phone number. You will receive an SMS verification code to confirm your account. Then, you must provide all your personal information, alongside, if you want, your credit card info to increase security.
After that, you will need to enter your bank to verify your identity and also upload a valid ID alongside a recent photo of yours to match it. All these steps are essential to verify your identity and avoid any scams.
Are There Any Hidden Fees?
On the official website, the company states that you will not be charged any fees for payments. This includes deposits to and withdrawals from Klarna betting sites. In addition, unlike other operators, this payment allows you to pay in any currency for free.
There is no annual fee for using the card and you will also get your card for free. Instead, the company earns money by charging the businesses a fixed amount any time a user performs a transaction through Klarna.
Should I Consider Bookmakers that Accept Klarna
Klarna/Sofort has been around for almost 20 years but has become popular among bettors only in the last few years. Klarna betting sites allow players an under-the-radar activity, easy & quick transactions and eligibility for a welcome bonus on most occasions.
Although its coverage is fairly limited region-wise, you can still take advantage of the zero fees that come with it and navigate restrictions easily. If withdrawals are not possible in your selected bookie, make sure to have one of our recommended alternative wallets ready.
What Are the Benefits for VIP Players?
While there is no VIP program from using the payment provider, there is a unique loyalty program you can take advantage of. It is called ‘Vibe’ and is a ‘Buy Now, Pay Later’ program. This service allows users to proceed with an online transaction even when they don’t have funds in their bank account.
Many merchants and some Klarna betting sites accept transactions through this service. The user can proceed with the payment and later pay Klarna back. Users have from 14 to 30 days to pay for the amount.
Can I Use Pay Later on Klarna Betting Sites?
No. The ‘Buy Now, Pay Later’ feature is not available when depositing on Klarna betting sites. This means that you must have a balance equal or larger than the amount you want to top up your sportsbook account with.
Pros & Cons of using Klarna for Betting
As you may have guessed, using Klarna for online gambling is great. However, it does not come without its downsides.
Pros | Cons |
Under-the-radar activity | Country availability |
Speedy transactions | Withdrawal restrictions |
Low to zero fees | Doesn’t accept deposits with crypto |
Eligibility to Welcome Bonuses | Credit card is not always accepted |
Mobile App |
.
How To Get Started With Betting with Klarna
You may be wondering about how to create a Klarna account. The procedure to create an account is effortless when you follow the next steps:
Setting up a Klarna Account
- 1 Visit https://www.klarna.com/pay-now/
- 2 Click on ‘Login’ and then choose ‘Register’.
- 3 Provide information like email or your phone number.
- 4 An email or an SMS will be sent to you.
- 5 Follow the procedure and complete your registration.
How To Deposit on Klarna Bookies
- 1 Enter your Klarna betting site.
- 2 Choose the deposit option.
- 3 Select Klarna/Sofort as your payment method.
- 4 Fill in the amount you want to deposit.
- 5 Provide the required information, such as PIN and TAN numbers.
Withdrawing From Klarna Sportsbooks - Step By Step
- 1 First, make sure that your bookies allow you to withdraw money via Klarna.
- 2 Head to the cashier and choose it as the withdrawal method.
- 3 Choose the amount you want to withdraw and confirm it.
- 4 Add your password once more to verify the transaction.
- 5 You are done. The money will arrive in your Klarna account as soon as the bookie processes the payment.
Which Are the Top Alternatives to Online Betting with Klarna
Since the payment is not available in most countries in the world and bookmakers might not allow you to withdraw money through it, it is understandable that you are looking for alternatives to Klarna betting sites. Some of the top ones are the following:
Payment Method | Deposit Speed | Withdrawal Speed | Fees | Privacy |
Zimpler | Instant | Fast (1-24 hours) | No Fees | High |
Skrill | Instant | Fast (1-24 hours) | Medium | High |
EPS | Instant | Fast (1-24 hours) | 1% | High |
Giropay | Instant | Fast (1-24 hours) via SEPA | Low | Low |
Yes. The company uses encryption software and two-way authentication to ensure all transactions are safe and secure.
First, choose your region and preferred language and sign in to your account. You can chat with the Customer Service team 24/7 for any issues you may have with your account. You can also call the local number.
No. You can freely top up or withdraw from your betting account with no fees. Klarna will only charge the online bookmakers with a small fee for your payments. This is why some sites do not allow withdrawals.
Yes. Most online betting sites allow you to access the welcome bonuses or ongoing promotions through Klarna. However, you should always read the terms and conditions before depositing for the first time, just to make sure.
Sofort Gmbh was established in Munich, Germany, in 2005. In 2014, Sofort was acquired by Klarna. In 2017, a significant rebranding took place and Sofort as a payment method became integrated into the Klarna product range.
For years, the answer was no. However, lately, you can choose PayPal from the list of payment options to send money to your Klarna account.