The perks of using Swish
There are various payment methods available today, and Swish is one that has been around for more than a decade. It was founded back in 2012 and co-operates with all the biggest banks in Sweden. The six banks working with Swish from the beginning include Danske Bank, Nordea, Länsförsäkringar, SEB, Handelsbanken, and Swedbank and Sparbankerna own Getswish AB.
Since then, more banks have joined the platform, and it has become one of the biggest payment methods available to Swedish players. The idea of Swish was to create a more convenient payment method that includes using your bank card or mobile phone instead of carrying cash around. Now, this impressive payment method is responsible for more than 73 million transactions monthly.
How to use Swish
In order to successfully make transactions to and from your casino account, there are some protocols you need to follow. The first thing you’ll have to do is to download the Swish mobile app and create your new Swish account. It’s also important to get your Mobile Bank ID from your bank, as this will be required to verify transactions.
If you’ve got this configured, it’s time to deposit using Swish. Here is a quick step-by-step guide on how to get started:
- First, you need to find an online casino that allows Swish payments.
- Then make your way to the cashier and select Swish from the list of methods available.
- Now enter the amount you want to deposit and hit submit.
- You will be asked to enter your Mobile Bank ID details.
- Now you can wait for transaction approval. You will be redirected back to the casino once it’s done.
Using Swish for deposits or withdrawals is quick and easy. Not to mention highly secure thanks to the security steps.
Fees on Swish transactions
Swish is a secure payment method that brings you the opportunity of hassle-free deposits to your favourite online casino. It does not charge fees for sending or depositing funds. And to make things better, all merchants who work with Swish do not charge fees for processing the transactions. So, in essence, there should be no additional fees for using Swish as a deposit method.
Another great feature is that there is no minimum or maximum limit you’re allowed to spend when using Swish. The important thing to note is that some merchants may implement limits due to their own processing fees. If small transactions cost them money, they might set higher withdrawal minimum limits to balance it out.
Benefits of using Swish
The one thing to know is that Swish is a Sweden-based payment method that comes with heaps of benefits. If you’re wondering if you should be using Swish, here is a quick look at the benefits it offers.
Quick payments
One of the top benefits is the quick and easy payments. You won’t need to wait for ages for your funds to be visible in your casino account, ensuring you never have to miss out on bonuses or other benefits. Funds are transferred instantly, and on top of that, transactions are fee-free.
Top-notch security
Another great benefit is that Swish comes with top-level security features. If you’re looking to transfer funds from your bank to an online casino, then Swish is a method to consider. It requires you to have a BankID for secure transactions removing the stress that generally come with making payments.
Mobile-focused
Swish is specifically tailored toward mobile device use. You can easily install the Swish app on your smartphone or tablet. This allows you to gain instant access while at home, at work, or on the move. The app has an intuitive interface which makes it quick and simple to use.
Disadvantages
One thing to keep in mind with a popular payment method is that it will come with its range of disadvantages. Here is a quick look at some of the restrictions that come with using Swish as a payment method.
Swiss specific
One of the biggest disadvantages at the moment is that Swish is not open to all. This payment method is tailored specifically for Swedish players. Without living in Sweden and banking with any of the partner banks, you’ll be unable to use Swish.
Set currency
You will not be able to change the currency. At this time, the payment method allows for transactions using Swedish Krona (SEK) only. It has a set currency which is not ideal if you’re someone who prefers to bank in Euros or Dollars.
Withdrawal restrictions
Swish is currently not available for withdrawals at the majority of online casinos. Meaning you will have to find an alternative payment method when withdrawing your winnings.