How to deposit with Sofort
Making a deposit at an online casino with Sofort is relatively easy, so long as you have the necessary tools at hand. First of all, you should be aware that this service is only available in combination with European bank accounts. Almost all German banks are supporting instant banking via Sofort. There are some options from other EU countries, but they are not as common.
In order to load your casino accounts with funds, you have to log into your casino account and visit the cashier. In the next step, you have to select Sofort as a payment method. Sometimes this can also be called Klarna Sofort. The service used to operate under the name Sofort Überweisung or Sofortüberweisung, too. Then, you only have to select your bank from a list provided to you and enter the amount you would like to deposit. Once you confirmed the amount, you’ll be redirected to the online banking platform of your bank. Then, you only have to log into your online banking account with your credentials and confirm the transaction. Usually, a TAN code can be used to finalize the transaction. Afterward, you’ll be redirected back to the online casino, where your funds should be waiting for you. In rare cases, it takes a few minutes for your balance to update to the correct amount.
How to withdraw to Sofort
At this point, it is not possible to make withdrawals through Sofort Klarna as this service was merely created to speed up bank transfers to online vendors. But this isn’t a problem at all. If you want to cash out your winnings, you can simply select one of the other available withdrawal methods. At most online casinos, you’ll be able to cash out directly to your bank account one way or another. Often, this service is provided by the Swedish payment provider Trustly, but there are several other alternatives that can be used.
For the most part, this works like a regular wire transfer. All you need to do is visit the cashier of the casino and select the appropriate option in the menu. In the next step, you can specify the amount you would like to withdraw, enter your banking details, and confirm the withdrawal request. Once the casino has approved your cashout, you should receive your funds within one to five business days.
How to verify your account
One of the big advantages of Sofort is that there is no account required to use it. Therefore, you won’t have to do any additional verification if you chose this deposit method. However, please keep in mind that a European bank account is required that supports transactions via Sofort. As most people are already in possession of such a bank account in countries where Sofort is present, this won’t be a problem for most players. In case you need to set up a new bank account, we recommend visiting your local branch or checking online for more information. Commonly, some form of identification such as an ID card or passport and a proof of address (utility bill or a similar document) is required to get started.
Limits and fees
Some online casinos might charge their players some additional transaction fees for specific deposit methods. The good news is that this is usually not the case when it comes to Sofort payments. The vast majority of operators offer Sofort deposits without any transaction fees at all. However, you should have an eye on the withdrawal methods before making your first deposit. It’s more common that smaller fees are charged when cashing out your winnings. This depends on the online casino and the payment method, though, of course.
For the most part, you won’t see any considerable limits on Sofort banking transactions. Almost all deposit methods used at online casinos have an upper limit per transaction. For Sofort, this is usually several hundred euros. In case you feel like the offered limited is not sufficient, you should be aware that it is not a problem with multiple transactions. Once again, this might be different when it comes to withdrawals as there are different limits from casino to casino.
Sofort bonus at online casinos
Virtually all online casinos offer you a bonus for signing up and registering an account. The bonus is usually credited when you make your first deposit. This type of bonus is often equivalent to 100% of the deposit amount, although it can be even higher. This can be very lucrative for new players as you get a lot of value for your money. Most welcome offers and promotions are claimed by depositing via Sofort. The exact nature of the bonus can vary from casino to casino. Sometimes, the bonus funds can be used across all games on the platform. Commonly, though, live dealer games are either excluded or have a separate offer.
Pros and cons of Sofort casino payments
Sofort banking comes with several benefits and some disadvantages, as well. Below, we’ll list them all as it’s ultimately the player’s choice to decide if a deposit option works for them.
Let’s first go over the pros of using this reliable and modern iGaming banking option.
- Fast and secure cash transfers
- Low minimum deposit limits
- Most casinos won’t charge processing fees
- Usually eligible for deposit match bonuses
- Works on mobile devices
- Accepted at other websites and online stores
While the list of advantages is quite long, there are some drawbacks you shouldn’t overlook. For example, there are many restricted countries for this service. So, many customers won’t even be able to use it.
- You’ll need an alternative withdrawal method
- Mostly used across Europe
- Max deposit up to €2,000
- Not many currencies supported (EUR, GBP, CHF, PLN, SEK, CZK, and HUF)