What is Sofort Banking?
Sofort is a payment method available to buyers in several European countries. It offers instant deposit transfers from your banking account to over 35,000 merchants around the world, including a good number of Sofort online casinos, too.
The transfers are made in real-time so that you experience no delay before being able to play your favourite online casino table game or slot machine title. The moment that the transaction is verified, the online casino will be notified of the payment and will credit your bankroll with according credits.
Sofort does not require you to register an account or profile with them. You merely choose the payment method, enter your banking details on a secure form (separate from the casino page) and initiate the once-off payment via their services.
Who is Sofort?
Sofort is a product offered by a Swedish based group, operating from Munich, Germany, called “Klarna”, who has been in business since 2005. Before its rebranding, Sofort GmbH was previously known as “Payment Network”, but the name change and brand boost have caused the company to skyrocket its value to that of over €2 billion (by 2016), completing over 2 million payment transactions every month.
Sofort is not a bank, in itself, but rather works together with supported banks in 13 countries to offer you affordable instant payment solutions as you need them.
How does Sofort Banking work?
Making an instant payment via this solution at a Sofort online casino is very simple if you bank with a Sofort supported an institution.
- Firstly, you navigate to the cashier page on the Sofort Casino site.
- Select Sofort as your method of choice to make your deposit.
- You will be re-directed to a secure Sofort banking form, which is separate from the casino software. Fill in your banking information.
- Select the amount you wish to clear instantly and hit “PAY”.
- The casino will receive immediate confirmation that the payment has been made and your casino profile will be credited.
- Pick your game of choice and enjoy your online gambling experience.
1. Instant Casino Deposits
Sofort increases the transactional deposit time. Where a standard payment via bank transfer takes a few days to clear in a casino account, Sofort speeds up the transfer by guaranteeing payment and then recouping funds from the bank.
2. Extra Secure Services
When inputting your account details, it is done on a multi-encrypted Sofort banking form, not on a casino form, which means that your sensitive banking information is kept away from potentially prying eyes. Sofort also does not store any of your banking information after the full transaction is concluded.
Sofort is in possession of 5 different first-class security certificates, which should put your mind at ease when using their services.
3. No Account
Because Sofort makes use of your banking account as a point of reference, you need not open any sort of account with them. This means that you don’t have to worry about more usernames, passwords, fees, or the like.
4. Discounts at certain merchants
Because of the quality of the services offered by Sofort as well as the instant funds' payments made available to merchants, some vendors will offer you discounts for using this payment facility. Some of the discounts range around 20% of the value of the spend.
Disadvantages of using Sofort at casinos
1. No Rewards
There are no rewards offered by Sofort for continual use of their services, but this must be balanced by the fact that they do not require you to have a profile with them when using their services. Without an account of some sort, it is virtually impossible to offer rewards based on usage.
2. No Cashouts
Unfortunately, Sofort is strictly a payment facility and does not allow you to withdraw your wins from a casino. You will have to opt for a different banking solution when requesting cashout.
Interesting user facts
Sofort does not limit your spending. All limitations incurred on payments will be a result of the settings on your own personal banking account, so you may need to raise transfer limits at your bank if you have hassles in this regard.
The only fees that you may incur when using Sofort are the potential charges levied by your banking institution and by the Sofort casino, however, according to a study done on 2012, Sofort is the payment method least likely to accrue payment charges by merchants.
It is still a good idea to read up on the terms and conditions of using Sofort banking at your selected casino.
Sofort Banking only services European gamblers within a number of countries across the continent. Its 50 million users can make purchases at over 35,000 merchants, globally.
For hassle-free and fast deposits of cash into your casino account, consider using the low costing Sofort Banking method to streamline proceedings. You can choose from our CasinoWow list of reputable casinos accepting Sofort banking to find a new home to offer you great gaming entertainment.Read more