- Sofort is available for UK customers
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 The bonus money must be wagered 40 times before bonus funds or associated winnings can be withdrawn.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:
- A customer selects the Klarna payment method. When making a purchase online, the customer can use Klarna payment method at checkout.
- Klarna approves the payment. The Klarna instant banking service evaluates the customer's creditworthiness and approves the payment. Depending on the payment option chosen, Klarna may require a credit check or a soft credit inquiry.
- The payment is made. Klarna pays the merchant for the full purchase amount upfront, so customers receive their order immediately. Customers then make payments to Klarna over time, according to the payment plan chosen.
- Payment reminders. Klarna sends payment reminders to Klarna account holders when payments are due, and payments can be made through the Klarna app or website.
- Flexibility. Klarna offers a range of payment options, including "Pay in 4" and "Buy now, pay later," which provide customers with flexibility and convenience. Klarna also offers financing options for larger purchases.
- Customer service. Klarna provides its customer service to both customers and merchants, and can help with issues related to payments, refunds, and returns.
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
- Security. To make a payment at Klarna betting sites, Klarna bettors do not need to provide their bank details. Klarna customers only enter private information when depositing their Klarna account. The Klarna instant banking service uses all modern encryption systems such as SSL, so Klarna users can be sure of the security of transactions.
- User-friendly interface. The Klarna website has a user-friendly, intuitive interface that even an inexperienced Klarna customer will not get lost in. Customers using Klarna will appreciate the registration and payment processes that are as simple as possible. After creating a Klarna bank account and adding payment details, you can make an order in just a few clicks. All operations can also be performed in the Klarna mobile app, which works on the Android and iOS platforms.
- Loyalty rewards. Klarna is one of the online payment options that offers loyalty rewards to its customers, such as discounts, cashback offers, and early access to sales. These rewards can add up over time and help you save money on your purchases.
Disadvantages of Klarna Betting
- Low availability. One of the main problems with Klarna is its low popularity among betting sites. The number of Klarna betting sites is limited. In the UK, for example, there is only one betting site accepting Klarna payments from British punters. The situation with online bookmakers that accept Klarna is not much better on other markets, so be prepared that Klarna may not be in the list of the payment methods of your preferred betting site.
- Withdrawal limitations. Even if you find a Klarna bookmaker, it is unlikely that you will be able to take out money using Klarna withdrawals. In the UK, for example, there is no Klarna funds withdrawal option on any Klarna betting sites.
- BNPL does not work in betting. One of the main features of Klarna is the Buy Now Pay Later principle, which simply does not work on Klarna betting sites. At least it does not work on UK betting sites. So, to deposit money, you can only use the bank transfer service of the German company Sofort, which is now part of the Klarna brand.
How To Create a Klarna Account?
To create a Klarna account, follow the steps below:
- Visit the Klarna website at www.klarna.com.
Click on the "Sign up" button in the top right corner of the page.
Select your country and click "Create Account".
Enter your email address.
In the registration window, enter the 6-digit code that will be sent to the specified email.
In the new window, enter your phone number.
Enter the SMS code in the registration form.
Enter your personal details, such as your name, date of birth, and address.
You may be asked to verify your identity using a valid form of ID, such as a passport or driving licence.
Once you have completed the verification process, your account will be created, and you can start using Klarna.
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.
Klarna homepage
Page of account creation
Verification by phone number
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:
- Pay in 4. This option allows customers to split their purchase into four interest-free payments, due every two weeks. There are no fees if you pay on time.
- Pay later. This option allows customers to defer payment for up to 30 days. There are no fees for this service if payments are made on time.
- Financing. Klarna offers financing options for larger purchases, with interest rates ranging from 0% to 19.99%, depending on the length of the payment plan and the customer's creditworthiness.
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:
- Great Britain
- United States of America
- Germany
- Australia
- Sweden
- Spain
- Italy
- Norway
- Austria
- Netherlands
How To Deposit Using Klarna
To make a deposit using Klarna, follow these steps:
- Create an online betting account on one of the Klarna betting websites or in the Klarna betting app.
Log in to your Klarna betting account.
Open the deposit menu. Usually, the deposit button is prominently displayed and highlighted, so you are unlikely to miss it.
Select Klarna as a payment method for instant deposits at the checkout.
Enter the deposit amount for your betting account and details. This will include your bank or card issuer, and the Klarna PIN and TAN numbers associated with your Klarna account.
Confirm the transaction. After that, the funds will be credited to your betting account.
How To Withdrawal Using Klarna
To withdraw funds from your betting account, you need to:
- Log in to the betting site/app.
Go to the Withdrawal section, usually located in the user's account.
Select Klarna among the available methods.
Enter the details and amount of the withdrawal from your betting account.
Confirm the transaction. Withdrawal may take from 24 hours up to five days.
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:
- Debit and credit cards are widely accepted for online betting payments. They offer quick and easy transactions and are available on most sports betting platforms. Users can make payments using their Visa, Mastercard, Maestro or other major debit/credit cards. The process is simple: users just need to enter their card details and the transaction amount, and the payment is processed instantly. Please note: in the UK, only debit cards are allowed for payments on sports betting sites. Debit cards are accepted by all or at least most UK legal sports betting sites.
- E-wallets are electronic payment systems that allow users to store their money securely and make online payments quickly and easily. Popular e-wallets for online sports betting include PayPal, Skrill, Neteller, and ecoPayz. They are widely accepted by online betting sites and offer quick and secure transactions. Users can deposit money into their e-wallet account using a credit/debit card or bank transfer, and then use the e-wallet to make betting payments. E-wallets also provide additional security features, such as two-factor authentication and fraud protection. Many UK betting sites accept e-wallets, such as William Hill, 365Bet, Ladbrokes, Coral, PaddyPower etc. However, there is a serious disadvantage: betting sites do not provide bonuses to customers making deposits via Skrill, Neteller, PayPal and other such services.
- Prepaid cards are another popular payment method for online betting. Prepaid cards like paysafecard and AstroPay Card offer anonymity and convenience for users who do not want to use their bank account or credit/debit card for betting transactions. Users can buy a prepaid card at a retail location, and then use the card to make online betting payments on the betting sites. Prepaid cards provide an added layer of security since users do not have to share their bank account or card details with a betting company. The list of betting sites accepting prepaid vouchers includes William Hill, 365Bet, Betfred, 32red and others. The main weak point is the inability to withdraw funds using this method.
Klarna Betting Sites FAQs
Can I Use Klarna on Betting Sites?
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.
What Are The Best Klarna Betting Sites?
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.
Can Klarna Be Used for Gambling?
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.
What Are the Deposit and Withdrawal Limits for Klarna Betting?
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).
