What is Klarna?
If you are an esports punter in Europe, especially Germany, Austria, and Switzerland, you will be familiar with Klarna, whose initial name was Sofort. Sofort is a popular online payment service in Germany. For many punters in Germany and other surrounding countries, Sofort is the first option when it comes to making deposits or withdrawing winnings on esports betting sites.
However, for punters in other parts of the world, especially non-German speaking countries in Europe and the US, Klarna is a fairly new payment option. Thus, this article will do a great job of introducing them to the payment option and the benefits of using the option.
Esports betting Sites Using Klarna
Even though Klarna is a relatively new payment option in many parts of the world, there are lots of reputable esports betting sites that allow you to use it. This, in a way, speaks to the high quality of the payment option.
In this section, we will discuss some of the esports betting sites that allow you to make deposits and withdrawals using Klarna.
Betway is a popular and reputable esports betting site. The online bookmaker is known for its impressive offerings and betting service, one of which is a generous array of payment methods for punters to deposit and make withdrawals with. One of the available payment methods on Betway is Klarna.
Using Klarna on Betway is simple, easy, and straightforward. What’s more, you enjoy bonuses and other benefits when you choose Klarna as your preferred payment option on Betway. You get as much as a 100% bonus whenever you make your first deposit using Klarna. You also enjoy fast payments, seamless transactions, and other exciting bonuses.
This is another reputable esports betting site that allows you to make payments and withdrawals using Klarna. Bet365 has been around for some time and has established itself as one of the household names in sports betting generally and esports betting in particular. So it was not exactly surprising to know that Bet365 offers Klarna as one of its payment methods.
While there are many benefits of using Klarna with Bet365, the most exciting one for us is the 100% bonus on deposits. This means that you can get as much as double your first deposit on Bet365 when you make the deposit using Klarna. This deposit can go up to $30 which means you get a large financial pool to make your first wager on Bet365, all thanks to Klarna.
Apart from the bonus, you also enjoy fast withdrawal, little or no charges on transactions, and a hassle-free deposit and withdrawal process.
Another online esports bookmaker that allows you to use Klarna on its platform is 888Sport. It is needless to start explaining the reputation of 888Sports in the esports betting world. Thus, its decision to allow Klarna shows that the payment service is impressive and of high quality.
When you use Klarna on Bet365, you get to enjoy numerous perks, one of which is the bonus credit offer. This offer involves making your first deposit on Bet365 with Klarna and getting a $10 bonus credit. You can get this bonus three times, which makes the bonus a total of $30. Other benefits of using Klarna with Bet365 are seamless transactions, fast payouts, and many more.
Using Klarna for Esports Betting
It is important to state here that Klarna, as an online payment service is suitable and used for different commercial and transactional purposes. However, the payment service possesses some features that make it ideal for esports betting. One of the features is a strong encryption and security system.
Before we go into details about the features of Klarna, let us discuss the process of using Klarna on esports betting sites.
Creating an Account
Using Klarna on any esports betting site starts with creating an account with the online payment service. This involves logging on to the service’s website or downloading the mobile application. Click on the sign-up button and provide the required information and credentials. The required credentials include your email, ID, Phone number, and bank account details.
Once you provide these details, your account gets created and you can now use Klarna to make payments and withdraw your winnings from the esports betting sites.
To make payments or withdrawals with Klarna, log on to your esports betting site. Go to the deposit or withdrawal icon and choose Klarna as the preferred method of payment. This leads you to a page where you need to enter the amount of money you intend to withdraw or deposit. You also need to provide your bank account details. You then need to confirm and authorize the payment and that is all. Your deposit or withdrawal will get processed and reflect in your esports betting account and your bank account as fast as possible.
You should also know at this point that Klarna is supported and operates in only thirteen countries. These countries are Austria, Belgium, Czech, France, Germany, Hungary, Italy, Poland, Slovakia, Spain, Switzerland, Netherlands, and the United Kingdom. So you can only join the twelve million people using the payment method if you reside in any of those thirteen countries.
You should also know that the only currency supported on Klarna is Euro. Thus, you need to convert your funds to Euro before using them on the payment platform.
Advantages of Using Klarna on Esports Betting Sites
Klarna comes with numerous features that make it perfect for esports betting activities. In this section, we will discuss some of these features and how they are advantageous to punters.
Before we get into it, also be sure to take a look at Skrill and Paysafe, which are two different payment methods available to many esports bettors.
One of the dangers of making payments through online platforms and the internet is the possibility of a cyberattack. In the event of a cyberattack, your financial details, bank account details and even your money are usually at the mercy of hackers and malicious internet users. This is why online payment services need to provide a secure and safe channel for transacting and a database for storing the details of their users.
Klarna performed very well in this regard as it provides one of the most secured and encrypted payment networks in the industry. The payment service uses modern and updated security protocols and measures to ensure that their transaction channels are protected from hackers and cybercriminals, keeping your funds safe. They also ensure that their databases are safe from cyberattacks which makes it difficult for hackers to access your financial details.
With these security measures, you can use Klarna with the assurance that your funds are safe and secure.
Another interesting and helpful feature from Klarna is its ability to delay or schedule payments. This means that if you do not wish to fund your esports betting account immediately, you can schedule the payment at a later time.
There are usually two scheduling or delay options. They include Pay in 3 days and Pay in 30 days. The two options schedule payments according to the days stated in the options. This means that you can either schedule the payment to go through in three days or thirty days. This feature provides users with the flexibility that most online payment services do not have.
Klarna has a mobile application that allows you to operate your Klarna account right from your phone or your mobile device. This app has a notification feature that alerts you anytime a payment is made to or from the account. The app allows you to stay on top of your expenses and helps you manage your funds very well.
Discount and Bonuses
As we have said earlier, Klarna is suitable for different uses apart from esports betting. When you use Klarna for shopping or making payments on some e-commerce websites, you get some discounts on goods and items bought. This means that you save more and pay less when you use Klarna for shopping.
This feature is also present when you use Klarna for esports betting. With most esports betting sites, you get an impressive bonus when you use Klarna to make your first deposit on your favorite esports betting site. You get as much as a 100% bonus on your initial deposit with some bookmakers while some esports betting site gives you bonus credits for every stipulated amount you deposit. In the end, you get more when you bet with Klarna on your esports betting site.
Disadvantages of Using Klarna for Esports Betting
As much as Klarna has many advantageous features, it is not a perfect payment service. It has some drawbacks and some features that are not helpful in esports betting. Here are some of the disadvantages of using Klarna for your esports betting activities.
Poor Customer Service
The first downside of using Klarna is the poor and ineffective customer service that the payment service has. Many customers and users have reported that the payment service’s customer support lines are useless, as many calls go unanswered. The email channel is a bit better, as you get responses but the responses come late and sometimes, unhelpful.
Bad Refund Policy
One of the popular issues faced when using online payment platforms is the refund. If you make a mistake when depositing or making payment, you can request a refund from your retailer. However, with Klarna, it takes a long time to request and get your refund. This policy is bad and disadvantageous to users of Klarna. This is because their money gets trapped for a long period within the payment service. What’s more, the customer service is bad, so you cannot complain about the payment service.
You may have to part with some charges when you make deposits and withdrawals from your esports betting site with Klarna. The payment service charges a processing fee on your transactions and the amount of fees charged depends on the amount of money being deposited or withdrawn. It is, however, important to state that the fees charged are minute and do not usually affect your funds that much. Also, charging processing fees on transactions is a general feature of most online payment services.
Countries Where You Can Use Klarna
While Klarna is available and operational in thirteen countries, some countries allow you to enjoy more benefits and bonuses when you use the payment service. In this section, we would examine some of these countries.
The first country is Germany, and this is not surprising as the country is the home and operational base of the online payment service. It is safe to say that the large majority of punters in Germany use this payment service on their esports betting accounts. This again isn’t surprising because German punters enjoy numerous benefits when they use Klarna for esports betting. Some of the benefits include zero charges on transactions, instant and fast payments, and top security when you withdraw your money from ATMs. However, there is a minimum deposit limit set at 20 euros for German punters using Klarna.
Another country where esports bookmakers allow the use of Klarna as a payment option for esports betting is Austria. These esports betting sites have little or no choice in this regard as the popularity of Klarna is currently on the rise among punters in Austria.
What’s more, these punters get to enjoy the same benefits as their German counterparts as they also get fast and seamless transactions, zero fees on transactions, and fast ATM withdrawals. The payment service is supported by many of the popular banks in Austria including the Erste Group, RZB Group, and many more.
While the country is not part of the EU, Swiss punters can rest easy as Klarna also works within the country. Swiss banks are known for their impeccable and excellent banking services, and it is expected that Klarna will follow the footsteps of the orthodox banking system in the country. The online payment service didn’t disappoint as its features of fast payments, zero fees and fast ATM withdrawals are also available to esports punters in Switzerland.
Alternatives for Klarna
We have stated that Klarna only works in thirteen countries. This means that punters in other countries cannot use this payment service for making deposits and withdrawals on their esports betting accounts. Thus, it is necessary to highlight some alternatives for this set of punters.
One of the popular alternatives for punters who cannot use Klarna is PayPal. Paypal is a popular e-wallet that allows you to send and receive money from almost all esports betting sites. Unlike Klarna, Paypal has little or no locational restrictions so you can access and use it almost anywhere in the world.
Lastly, PayPal is an e-wallet. This means you can store your money in it and use it for other purposes apart from esports betting.
If you’re looking for even more alternative payment methods, we suggest that you take a look at Neteller & Ecopayz – two very trusted methods when it comes to esports betting.
Another alternative for punters who cannot access Klarna in their country is Revolut. Revolut is an online payment platform that allows you to send and receive money, and also allows you to fund your esports betting account. Apart from the UK, Revolut is available in most countries of the world, so you need not worry about locational restrictions.
Klarna, also known as Sofort, is a reputable and excellent payment service that allows you to fund and withdraw your winnings from your esports betting account. With this online payment service, you get fast payments, zero fees (when you use the service in some countries), and secure and fast ATM withdrawals. What’s more, many reputable and popular esports betting sites allow you to use Klarna as your preferred payment option, giving you some impressive benefits and advantages.
However, Klarna is not without its disadvantages. It is only available in thirteen countries and many users have complained about its poor customer support service. If your van works around these disadvantages, you will find that Klarna is an impressive payment service provider, especially for esports betting activities.
❓ How do I create a Klarna Account?
All you need to do is log on to the Klarna website or download the app. Click on create an account, follow the steps and provide all the pieces of information required. Your Klarna account then gets created.
💰 Which Banks Can I Use With Klarna?
As long as you reside within the thirteen countries where Klarna is operational, you can connect your Klarna account with any bank in these countries.
✅ Can I Use Klarna With Other Online Payment Methods?
Klarna allows you to transact with online payment services and e-wallets alike. Thus, rather than provide details of your bank, you can simply provide details to these services and Klarna will do the rest.