Klarna Casinos
Klarna is one of the leading online payment providers that integrate technology and innovation in the offerings from the financial services providers. Accepted for its quick payments, it has had its presence spread across many European nations such as Sweden, the UK, Germany, Finland, Italy, Spain, Switzerland, and other regions including the US and Australia.
In total, Klarna has over 87 million customers using their services. This is a figure that speaks of a huge payment provider. For its diverse aspect, the provider offers close to ten (10) different currencies that one can transact with including EUR, GBP, USD, AUD, DKK, NOK, and SEK.
Figures released this year (2021) by Reuters showed a payment method that was on an upward trajectory in 2020. In the US, for example, Klarna managed to add one million users monthly in the 4th quarter taking the total number of users in the country to 15 million. Moreover, figures transacted per year through the payment system in 2020 were $53 billion, signifying a 46% rise. This figure can be attributed to various sectors including the online gambling sector that has been adopting the method for instantaneous transfer of funds from bank accounts to the operators through Klarna. Read More
Finally, Klarna is a fintech company that aims to deliver financial services in the most modern way by incorporating technology and innovation. Today, Klarna has an ever-growing number of casinos signifying its popularity with players across the globe.
In 2014, there was a takeover of SOFORT by Klarna, and today, you will find many merchants offering services that can be paid via SOFORT by Klarna. This includes the purchase and sale of bitcoins where various exchanges support the method.
About Klarna
Klarna was launched in 2005 in Stockholm, Sweden as an innovative online payment system that has since grown to be among the biggest virtual banks around. On its inception, the company was focused on making online shopping easier and with over 15 years in the industry, the brand has evolved and achieved milestones along the way but its mission remains the same—making online payments easier.
Its growth over the years to a payment system that is accepted in over 17 countries and boasts over 87 million users has been attributed to various factors. One of the main factors includes the partnerships created along the way including the 2014 takeover of SOFORT, a leading financial service provider in Germany, Belgium, Austria, and Switzerland. In 2017, Klarna would also merge with another German competitor, BillPay. These partnerships would help Klarna extend its market reach and also start working with some of the big brands including Samsung, Nike, H&M, Halford, Shopify, Lenovo, Mose, and other 250,000+ merchants.
Aside from the partnerships, its focus on incorporating technology in offering payment solutions to customers has been another highlight of this virtual bank. Its localization keeps expanding and 2015 marked a major milestone for the brand after it gained access into the US market. This has since seen over 15 million US customers using its services in their day-to-day online shopping and online gambling for the players.
At the time of creation, Klarna stood out for its different payment approach and there existed no main competitor offering this approach. However, looking at some of the existing alternatives, options such as PayPal, Neteller, and Skrill would offer instant payments from the bank accounts to a merchant including online casinos. Today, Klarna’s stakes are high with its market status ever-improving. The industry has seen other like-minded brands such as QuadPay, AfterPay, OpenPay, and many more come up but Klarna’s position remains undoubted.
Depositing to a Klarna Casino
Deposits by the payment option are easy, fast, and secure to all. However, it is important to have a basic idea of how the system works for a better and deeper insight.
Klarna is a fintech brand that works in a similar way to instant online banking but in a more innovative way. The payment option offers four possible ways you can make purchases and they are as follows:
- Interest-free instalments – The cost of a product purchased will be split into 3-months instalments. In the checkout stage on the payment system’s page, a customer will choose to pay the cost in 3-months instalments. Klarna will pay the retailer on your behalf and will collect the payments from the customer in instalments as agreed.
- Pay in 30 days – The cost of a product purchased will be paid in 30 days after the customer has tried and loved the delivered product. No interest or additional fees will be expected.
- Financing – The cost of a product purchased will be spread over time where customers can pay via monthly plans of between 6-36 months.
The above three options explain why Klarna is viewed as a virtual bank offering credit. However, the above-mentioned ways will not apply to online casino players. The fourth option that is effective to the casinos comes in—Pay Now. Through Pay Now, funds will be instantly transferred from a bank account to an online casino account through the payment system.
With that in mind, the main requirements for a successful deposit at a casino include having a bank account supporting Klarna and a casino account allowing Klarna payments.
With the above insight, making a deposit gets easier. Remember, casinos set a deposit limit cap especially on the minimum deposit required ranging somewhere between $10 and $30. Maximum deposit limits are not common but you may have maximum transactions per day set in different casinos and this is always best to check.
Here is a quick guide on how to deposit:
- Sign Up/Log In to your casino account – A list is provided above of the top reliable Klarna casinos that we have reviewed and recommend. A first-time player should choose the suitable one and proceed to register an account. Existing players should simply log into their accounts.
- Go to the deposit option, or Cashier, Banking, and My Account in other casinos. Choose Klarna or SOFORT as the payment option to use.
- Select your country and your bank from the Klarna payment system window/checkout that shows up.
- Enter your online bank logins (provided by the bank). This will include a PIN, Acc. Number, and your Password. In some cases, you will have a Transaction Authentication Number (TAN) sent to your phone for authorization of the payment.
- Input the amount of money you’d like to deposit on your account and confirm. The payment will be reflected instantly.
No fees will be charged by the payment provider but it is best to check whether your bank provider places any fee on the transaction.
Withdrawing Through Klarna
The payment system does not stop at depositing. A withdrawal option is also available and this sits well with a majority of players since most casinos recommend that a player deposits and withdraws via the same payment option. This is to ensure that accountability and security aspects in the transaction are achieved. Withdrawals will also be done either via Klarna or SOFORT and the best section about this is that no fees will be charged by either payment option.
However, some of the operators and bank institutions may have a fee placed on the withdrawals. It is good to check on these details before a withdrawal is initiated. Another shortcoming is that with the banks involved, withdrawals are not instant and will take about three (3) working days before they hit your account for withdrawal. Remember to check the limits placed on the amount you can withdraw. This mostly applies to the online casinos with many setting the maximum payout per day at a figure in the range of $5,000-$10,000.
Steps to Receive a Payout from an Online Casino:
- Ensure wagering requirements are cleared. This applies to players who had claimed a bonus and wish to withdraw the bonus winnings. Before the casino allows one to withdraw these funds, they have to meet the requirements as set in the T&Cs.
- Go to the withdraw option, or Cashier, Banking, and My Account in other casinos. Choose Klarna or SOFORT as your withdrawal method.
- A pop-up window will be presented and a first-timer will input their bank details to log in but one who has withdrawn before will have the details ‘remembered’.
- Input the withdrawal amount and confirm the withdrawal.
Klarna Benefits & Drawbacks
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No fees charged by Klarna – Important to distinguish that fees might be placed by either a casino or a bank institution.
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Instant deposits – Deposits take a few minutes to reflect on your casino account.
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High-level security guaranteed – Information is not shared with third parties.
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Widely-accepted method – Accessible in most European countries and in the US. Over 87 million customers using the method.
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Withdrawals take longer – As opposed to deposits, withdrawals will take slightly longer (Up to 3 working days).
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Casino limitations – Some casinos do not offer the method as a withdrawal option.
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Fees charged – Some casino operators and bank institutions may place fees on a transaction.
Klarna Casino Bonuses
As it is the norm, aside from the payment options, players also look at the casino bonuses before making a selection of their casinos. Our list provides a list of the top Klarna casinos that offer a huge range of bonuses. The most popular bonus of all is the welcome bonus tailored for all new players.
- A welcome bonus can either be a no deposit bonus that is triggered by a sign-up or a bonus code offered by the casino. It might be a cash bonus amounting to $30 or free spins. A deposit bonus is another type of welcome bonus that new players can access. This will see the deposit matched up to a percentage. In most cases, it will be matched up to 100% thus doubling your total amount. They are highly valued and may also have an addition of free spins made.
- Refer-a-friend bonuses are gaining more foothold in most casinos. They are tailored for existing players who succeed to refer a friend to the casino. A bonus is triggered when the friend signs up, deposits, and proceeds to play the games, in some cases.
- Reload bonuses are other casino bonuses to expect. They are also tailored for existing players and are offered to appreciate them for consistency in the continued depositing on their accounts.
- High rollers and loyal players can also access VIP programs that offer bigger and better bonuses including exclusives. The players are placed in different tiers and for each tier, the special rewards will get better as one ascends through the tiers.
What’s common in all the bonuses is that terms and conditions are attached to each. They will differ but the most common variants in all include the eligibility of players, validity, payment options used, limit caps (minimum and maximum), and wagering requirements. On the payment options used, many casinos place a caveat on players who deposit using certain methods. They are rendered ineligible to claim the bonuses. This is not common in Klarna deposits.
Wagering requirements are also key to withdrawing your bonuses. They must be cleared on the casino before the withdrawals are effected. The casino might require one to play through the bonus, deposit, or both before the clearance.
Klarna Casino Games
With its widespread acceptability in most regions, players can access a host of online casinos. From the operators, a rich portfolio of games can be expected which is another aspect to look out for in any casino of choice. The games available come in different bet sizes favouring both low-stake players and high rollers. While special games such as Keno, Scratch Cards, and Instant Games are likely on these casinos, other games to expect include:
- Slots – Enjoy slots from top providers offered in different volatilities (low, medium, and high), favourable RTP rates, and features including multipliers, wilds, scatters, and free spins.
- Table Games & Video Poker – Enjoy a top selection of low-stake and high-stake table & card games including baccarat, blackjack, and roulette variants offering different betting options. Video poker titles including Aces and Faces and Bonus Poker are also available.
- Live Casino – Enjoy an experience like no other on the live casino games offered with high-quality graphics and realism aspects including real dealers/croupiers and playing against other players. Live versions of the table games among other titles are available.
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