Formerly known as Sofort, Klarna is primarily a mainland European payment service. It’s spreading rapidly, however, and has also made inroads into the online gambling field.
Right here on this page you can learn which sites accept Klarna for deposits and withdrawals. What’s more, we’re going to teach you how Klarna works for betting and which punters are able to use it.
Betting Sites That Accept Klarna
Deposits, Withdrawals & Time Scales
Best Klarna Betting Sites & Why:
The following is a list of the best Klarna betting sites and why:
- Unibet – sign up and regular bonuses.
- Willaim Hill – good bonus, solid reputation.
- Betfair – worlds leading betting exchange
- 888Sport – one of the best new bookmakers
How To Use Klarna For Online Betting
Where and when it’s possible to use Klarna for online betting, the process is quite simple. Before we get to that, however, it’s important to talk a little about what Klarna is and where it’s available.
The first step to explaining those issues is to discuss Klarna as a company, and the services it provides. These differ, after all, based on where you sign up to and use the platform from.
What is Klarna & What Does it Do?
Klarna was founded in Stockholm in 2005 by the Swedish bank of the same name. Their idea was to create a payment solution that made it easier to shop online. In Sweden and other mainland European countries, Klarna offers three main features to that end.
The first of those functions is ‘Klarna Pay Later’. This allows users to complete transactions online, even when they don’t have the full funds on hand at the time. Instead of paying a merchant or organisation upfront, they pay Klarna the balance at a later date. That’s usually after either 14 or 30 days.
Klarna’s second major feature is ‘Klarna Split It’. The premise is similar to ‘Pay Later’. Users still get to delay payment for an online transaction. In this case, though, they can ‘split’ their repayment up into instalments. Those instalments get spread over a longer term payment plan.
The third and final of Klarna’s principal features is ‘Klarna Instant Banking’. This function became available to Klarna users from 2014. That’s when the Swedish firm acquired German company Sofort. With ‘Klarna Instant Banking’, users make instant bank transfers via a Klarna account.
That means Klarna users can make a purchase or transfer funds online from their bank account. All without sharing their bank account details. With any organisation other than Klarna, that is. It’s this branch of the Klarna service that some betting sites accept as a payment method.
To date – and unsurprisingly – bookies aren’t keen on punters making deposits they don’t have to pay for until later.
Depositing to a Betting Account Via Klarna
It’s only where Klarna Instant Banking is available that you can use the service for online betting. That particular feature is not yet offered to UK-based Klarna users. They can only benefit from the firm’s deferred payment features for online purchases.
Klarna Instant Banking is more widely available elsewhere in Europe. That includes in Austria and Germany. These were the countries where previous company Sofort was most popular. It was Klarna’s acquisition of Sofort which added the instant banking feature.
Where Klarna Instant Banking is available, depositing to a betting site is quick and easy. Assuming the site accepts Klarna deposits. All you do is…
- Head to the site, log in to your account, and head to the ‘Deposit’ or ‘Cashier’ area.
- You’ll then be able to select ‘Klarna’ from a list of possible payment methods. You should note, though, that some bookies will list the alternative as ‘Sofort by Klarna’ or ‘Sofort’. That’s in spite of the fact that Sofort got absorbed by Klarna and renamed some six years ago.
- Once you’ve selected Klarna, input your desired deposit amount and confirm. This will redirect you to the Klarna website or app. Once there, you can either select an already linked bank account or add details of a new account. That depends on from which account you wish to make the transfer.
- You’ll then get transferred to the relevant online banking site. Log in to your chosen bank account and confirm your payment. When you’ve done that, your funds will appear in your betting account and be ready to bet with.
Why Use Klarna
Once you’ve set up a Klarna account and linked your bank account, deposits are quick and simple. All you do is choose how much you want to deposit and then confirm through both Klarna and your online bank.
The beauty of using Klarna for online betting is that you don’t have to give betting sites your bank details. You can move funds direct from your bank account without sharing account information. The transaction gets protected by your online bank’s cybersecurity measures.
Like an e-wallet, Klarna provides a buffer between your betting accounts and your bank account. When you transfer via Klarna, the name of your chosen bookie or betting site won’t show up on your bank statement.
Klarna isn’t only for online betting. You can use it for all your online purchases. That makes keeping track of overall spending much simpler. Over 200,000 retailers around the world support Klarna as a payment method.
Who Is Klarna? Can They be Trusted?
Klarna – the online payment service – has been around for 15 years. It’s part of the Klarna Group, owned and operated by Klarna Bank AB. That’s one of Europe’s largest banks, which provides payment solutions to more than 85,000 consumers.
Approximately 205,000 different merchants support Klarna for payments at their online checkouts. Those retailers are spread across 17 countries. It’s fair to say, therefore, that Klarna is a significant and a robust company. If you can’t trust them with your online payments, you can’t trust anybody.
The Klarna online payment solution launches in order to make online shopping easier.
Klarna first spreads beyond the borders of its native Sweden. The service rolls out to Norway, Finland, Denmark, Germany, and the Netherlands.
The company acquires Israeli firm, Analyzd. The founders of which had previously worked for PayPal.
Klarna acquires successful instant banking company, Sofort. This forms the Klarna Group. The group continues to offer Sofort’s services to users, but as Klarna Instant Banking.
Klarna launches in the USA. The country gets pinpointed as Klarna’s principle focus for future growth.
In 2020, Klarna has over 85 million customers spread across 17 nations. They employ 2500 people and own a 10% share of the ecommerce market in Northern Europe.