Klarna Betting Sites
Klarna is an impressive payment service provider, and the main feature of this online payment method lies in the principle of deferred payment: with its help, you can buy something online now and pay later. The Klarna online payment service can also be used to make instant deposits at online bookmakers that accept Klarna payments. On this page, we will explain how to make Klarna deposits. In addition, we will take a look at the history of the creation and mechanism of operation of the Klarna online payment services, as well as find out if there are UK bookmakers accepting Klarna.
Best Klarna Betting Sites in June 2023
Credit cards are not available as a deposit method on UK betting sites, and since Klarna works on a credit basis, this limitation applies to Klarna deposits as well. However, some online betting sites accept the Sofort instant payment service. This intermediary payment service is part of Klarna Bank AB but works on the technology of instant bank transfers. Among Klarna betting sites in the UK, only Dr.Bet offers Sofort online payment services for UK customers.
Last updated: 09.6.2023
18+. New UK customers only. The minimum deposit is £10. The maximum sportsbook bonus amount is £150. The bonus money must be wagered 40 times before bonus funds or associated winnings can be withdrawn. The casino bonus must be used within 24 once credited. T&Cs Apply. BeGambleAware.org
What is Klarna Betting?
The company was founded in 2005 and has since grown to become one of the largest providers of online services for payments in Europe. In 2014, Klarna, a Swedish payment service, merged with Sofort, a German payment services provider and one of the leaders in instant banking service in Germany, Austria, Switzerland, and Belgium. As a result, the large Klarna group was formed. This allowed for the integration of the Sofort Direct Bank Transfer service for Klarna users throughout Europe, which was previously only available in Germany.
In 2021, amidst the rise of purchases online during the COVID-19 pandemic, the payment service company became Europe's most valuable startup. The Klarna payments are currently accepted in over 20 countries worldwide and have more than 150 million existing users.
The Klarna startup was originally developed as one of the online payment platforms for millennials. Users in this age group are believed to be wary of hidden fees and debts, so they are hesitant to take on interest and fees associated with credit cards. So the Klarna payment option comes to the rescue as a simple alternative to credits.
The Klarna payment method operates on the Buy Now Pay Later (BNPL) principle. This means that you can buy something online and pay for it later. Except for the late payment fee and one of the extended credit options, the Klarna instant payment option is one of the payment services that do not charge users interest - instead, Klarna takes a share of sales from the online merchant.
Here is how the Klarna payment method works:
It should be noted that Klarna betting sites often indicate the Sofort direct banking service in their payment methods, which is nothing else but a part of Klarna Group. It is important to understand that the Sofort direct banking service is a variation of wire transfer. If you deposit your account using the Sofort payment method, the Buy Now Pay Later principle will not work.
Advantages of Klarna Betting
Disadvantages of Klarna Betting
How To Create a Klarna Account?
To create a Klarna account, follow the steps below:
Note that the exact steps may vary depending on your country of residence and the type of account you are creating. Klarna offers different types of accounts, such as personal and business ones, each with its own set of requirements and features.
Is Klarna Safe?
Yes, Klarna is generally considered safe to use. When making a payment at a Klarna betting site, you do not need to enter your bank details, so it is impossible to steal them. You only enter all personal banking information during registration and depositing your bank account in Klarna.
The company is a licenced Swedish bank and regulated by the Swedish Financial Supervisory Authority. Klarna also holds licenсes to operate as a bank or financial institution in other countries where it works, including the UK. Klarna is compliant with relevant data protection and privacy regulations, such as the General Data Protection Regulation (GDPR) in Europe.
Klarna uses various security measures to protect its users' personal and bank account information. These measures include encryption technology, secure servers, and two-factor authentication for account logins. Klarna also monitors online transactions for suspicious activity and may freeze bank accounts or block transactions if any unusual activity is detected.
However, like any financial service, there are some risks involved when you use Klarna. It is important to read and understand the terms and conditions of using the service of this Swedish bank, including any fees, interest rates, and repayment schedules. It is important for consumers to practice safe online shopping habits, such as using strong passwords, avoiding suspicious websites and emails, and keeping their computer and mobile devices up-to-date with the latest security updates and anti-virus software.
Klarna Betting Fees
The fees associated with using Klarna on sports betting websites would depend on the terms and conditions of a Klarna betting site and the specific Klarna payment option used. Klarna offers various payment options: Pay in 4, Pay in 30 days, and Klarna Financing. The fees associated with each option can vary depending on factors such as the amount of the transaction or the repayment schedule. Here are some examples:
It's important to note that transaction fees and terms may vary depending on the country and currency. Klarna may charge fees for late payments, returned payments, or other issues. Customers should carefully review the terms and conditions of their payment plan before using Klarna.
Which Countries are Betting with Klarna Available In?
Klarna operates in more than 20 countries around the world. Klarna Checkout Global allows you to take orders with card payments in the following currencies: GBP, EUR, USD, GBP, AUD, CAD, CHF, PLN, DKK, NOK, SEK. Here are some of the countries where the Klarna service is available:
How To Deposit Using Klarna
To make a deposit using Klarna, follow these steps:
How To Withdrawal Using Klarna
To withdraw funds from your betting account, you need to:
Please note that withdrawing funds using Klarna (Sofort) is uncommon for betting markets. In the UK, no Klarna betting sites offer such a service.
Alternatives to Klarna
Klarna (Sofort) is a rare service on sports betting sites, and of course, there are much more convenient account depositing methods. Here are the three main types of betting payment methods:
Klarna Betting Sites FAQs
On UK betting sites, the use of Klarna for online betting is limited to bank transfers under the Sofort brand. The Buy Now Pay Later credit mechanism, which has become Klarna's hallmark, is not available to users. The situation may be different in other countries. You can contact the support service of the Klarna betting sites to find out more about how Klarna (Sofort) payments are made in your region.
There is only one Klarna bookmaker in the UK where UK users can use Klarna for online betting, and that is Dr.Bet. For this reason, we cannot name the best Klarna betting site or the best Klarna betting sites. Currently, the Klarna (Sofort) service is not very common for betting markets, and this applies not only to the UK.
You cannot choose Klarna to use it for online gambling in the UK. The principle of the Klarna service is based on payment by installments, and in the UK, it is illegal to offer credit, including the Buy Now Pay Later option, for gambling on betting sites. However, for transactions, you can use the direct banking feature of Sofort which is part of the Klarna brand and works on the principle of bank transfer.
All Klarna betting sites set their own limits for transactions. For example, at Dr.Bet, the minimum deposit limit through Klarna (Sofort) is £10, and the maximum one is £2,250. It may take up to 1 day for Klarna deposits to be credited. UK betting sites do not offer withdrawals using Klarna (Sofort).