Klarna, previously known as Sofort, is an online payments company based in Sweden. Sofort was founded in 2005 but when bought out in 2013, was rebranded as Klarna as it is known as today.
Klarna is a huge payment provider in Sweden where in 2011, they accounted for around 40% of all e-commerce sales in the country. They have entered the UK market in recent years and now operate in 17 different countries, serving over 90 millions customers.
Many online betting sites accept Klarna as a payment option and along with listing our recommended Klarna bookies and casinos, we’ll be showing you how Klarna works along with the pros and cons of using it over other payment methods.
Klarna Bookies
With only becoming available in the UK in recent years, there are currently only a handful online bookmakers that accept Klarna for both deposits and withdrawals.
We’ve listed some of the top Klarna bookies below.
Online Bookies That Accept Klarna | ||
Bookmaker | Welcome Offer | Visit |
Bet365Bet £10 Get £30 in Free Bets |
CLAIM | |
Open Account Offer. Bet £10 & Get £30 in Free Bets for new customers at bet365. Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. Registration required. #ad | ||
888SportBet £10 Get £40 |
CLAIM | |
Min deposit £10 • A qualifying bet is a ‘real money’ stake of at least £10 • Min odds 1/2 (1.50) • Free Bets credited upon qualifying bet settlement and expire after 7 days • Free Bet stakes not included in returns • Casino Bonus must be claimed within 7 days and expires after 14 days • To withdraw any winnings from the Casino Bonus, wager the Bonus amount 40 times within 14 days • Withdrawal restrictions, payment methods, country & Full T&Cs apply. |
Klarna Casinos
Similar to the list of bookmakers that accept Klarna, the list of Klarna casinos isn’t exactly extensive. However, there are still some to choose from as shown below.
Online Casinos That Accept Klarna | ||
Bookmaker | Welcome Offer | Visit |
Bet365Bet £10 Get £30 in Free Bets |
CLAIM | |
Open Account Offer. Bet £10 & Get £30 in Free Bets for new customers at bet365. Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. Registration required. #ad | ||
888SportBet £10 Get £40 |
CLAIM | |
Min deposit £10 • A qualifying bet is a ‘real money’ stake of at least £10 • Min odds 1/2 (1.50) • Free Bets credited upon qualifying bet settlement and expire after 7 days • Free Bet stakes not included in returns • Casino Bonus must be claimed within 7 days and expires after 14 days • To withdraw any winnings from the Casino Bonus, wager the Bonus amount 40 times within 14 days • Withdrawal restrictions, payment methods, country & Full T&Cs apply. |
What Is Klarna?
Klarna was previously known as Sofort until the Klarna Group acquired the company in 2013. It’s used by customers to send money from their bank accounts to recipients with the main advantage over using a standard bank transfer being the speed and anonymity.
Advantages Of Using Klarna With Betting Sites
Anonymity
If you bet with several online bookies and casinos then you may feel uneasy about entering your card details on each one of them when making deposits and withdrawals. That’s where Klarna comes in. Instead of giving the betting site your details, you make your payment through Klarna by entering your details there. This puts your trust in one company rather than potentially dozens. As Klarna is an established company that has over 4,000 employees and an estimated valuation of $45.6 billion, you can feel fairly confident that your details are safe with them.
Transactions on your bank statement will also be listed as Klarna rather than with the name of the betting site which may appeal to those looking to keep their betting activities hidden.
No Charge
Klarna doesn’t charge anything for transactions and it’s rare for a betting site to do so either.
Disadvantages Of Using Klarna With Betting Sites
Limited Choice Of Bookies & Casinos
As Klarna is fairly new to the UK market, the number of betting sites that have integrated with the payments platform is limited.
Withdrawals Sometimes An Issue
Although withdrawals to your bank account are possible via Klarna, not all betting sites that accept it for deposits do so for withdrawals. When that is the case, you will need to withdraw via another method.
How To Deposit Using Klarna
Depositing into your online betting sites using Klarna, or Sofort, is easy and requires just a couple of steps.
1. Log into to any online betting site that accepts Klarna
2. Select Klarna (Sofort) from the list of deposit options
3. Enter the amount you want to deposit
4. You’ll then be directed to the Klarna website where you can enter your bank details to confirm the transaction
After confirming on the Klarna website, you will be redirected back to the betting site where the funds will be in your account.
Opening An Account With Klarna
Depending on which bank you use, you may have to open an account with Klarna. This can be done on the Klarna website and eliminates the need to enter your banking details every time you make a deposit as only your Klarna login details are required.
How To Withdraw Using Klarna
The withdrawal process using Klarna is very similar.
1. Choose Klarna from the withdrawal options
2. Enter the amount you wish to withdraw
3. Enter your banking details or log in after being directed to the Klarna website
Klarna withdrawal times take anywhere between 1 – 5 days to reach your bank account.
Alternatives To Klarna
Although Klarna has it’s advantages and is growing in popularity within the UK, the fact that not many betting sites currently accept it can be an issue for some. Therefore, it’s a good idea to have a look at some alternatives.
Trustly is a similar service to Klarna as it links directly with your bank. The advantage with Trustly is that you don’t need to open an account with them to use it.
You may also wish to consider some of the most popular e-wallets such as PayPal, Neteller or Skrill which are all widely used across online betting sites.
Alternatively, some other options include Apple Pay, Google Pay, Cryptocurrency such as Bitcoin, Boku, Paysafecard or Perfect Money.