Online Casino Payment Methods : Sofort
If you’re looking for trustworthy online casinos you can visit to gamble responsibly, you may have come across an online payment method called Sofort. This page will tell you everything you need to know about using Sofort for payments, including how safe it is. We’ll also help you find an online casino where Sofort is an accepted payment method.
What is Sofort?
Sofort überweisung, known as “Pay Now” in the UK, allows you to deposit cash directly from your bank account into your Sofort online casino account. There is a small fee for using their services, but in return, you don’t have to share your banking details with your online casino, and you also have the added benefit of having the funds available to play with straight away.
Sofort was initially set up in Germany in 2005, but the Swedish Klarna Group bought it out in 2014. It’s accepted widely in Germany, but as the company has expanded, it’s also become a popular online payment service in many other European countries, including Austria, Belgium, the Netherlands. There are also many Sofort casinos operating in the United Kingdom.
There’s no need to set up a separate account with Sofort, but you need to have online banking with an institution that works with Sofort GmbH.
Why use Sofort to deposit at online casino sites?
All of the casinos you find on our site are licensed with a Gambling Commission. Still, to make online deposits even safer, many players choose to fund their accounts via third parties like Sofort, as it means you don’t have to share any personal details.
On top of the anonymity offered, Sofort is also a much quicker way for you to transfer funds. Bank transfers usually take between two and four days to process, but with Sofort you can claim your deposit bonus and free spins, and start wagering almost instantly. Withdrawals with Sofort are also much faster.
How do I pay at online casinos using Sofort?
There’s no need to register a separate Sofort account, so as long as your bank supports the Sofort service, funding your Sofort casino account is as easy as making any other online banking transaction.
Head over to the payments section of your casino and select Sofort from the payment options. You’ll be redirected to a Sofort banking screen where you can log in by inputting your country, bank, and online banking details. You’ll be sent a TAN code to confirm the amount you wish to deposit, and your funds should be ready for you to gamble with almost immediately.
Sofort average withdrawal limit and payout time
Gamblers should always check what ts & cs apply to withdrawals at each casino they play at. We recommend this because you may come across some casinos that only accepts deposits via Sofort and withdrawals can only be made via standard bank transfer.
Withdrawal limits will vary between casinos. On average we find the minimum withdrawal is around $10 to $30 and the maximum weekly withdrawal limits are usually between $5,000 and $15,000.
Casino processing time for withdrawals is usually between one and three days, and if you find a casino that allows withdrawals via Sofort, then the withdrawal should take place almost immediately as Sofort works in real-time.
Are there any fees attached to Sofort at online casino sites?
As far as the casino is concerned, you can make a Sofort deposit free of charge, but you will be charged a flat fee of 0.25 EUR for each transaction plus 0.9% of the amount deposited or withdrawn by Sofort themselves.
The good news is that you can easily make that back (and more) with your welcome package as the casinos we recommend here all offer great incentives for new players. So make sure you take advantage of that first deposit bonus and use your extra spins before they run out!
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The primary reason why Sofort is so prevalent in the online gaming world is that it means never sharing your banking details with your online casino. If a hacker compromises your casino’s web security, then you can rest easy knowing that your transaction has remained anonymous and that no bank or card details have been shared or stored.
On top of your usual online banking security, Sofort GmbH also utilises a single-use TAN code to authorise payments. Sofort is so confident of the security measures employed that they happily commit to reimbursing any financial loss that may occur.
Recap of the advantages and disadvantages of Sofort
- ✔ Saves you from having to share your banking details online
- ✔ The use of a TAN code adds an extra level of safety
- ✔ Almost instant deposits and withdrawals
- ✔ No need to register a separate account
- ✔ Fees are very low
- ❌ Not all casinos accept Sofort as a payment method
- ❌ Some casinos don’t allow withdrawals via Sofort
- ❌ There are fees for using Sofort’s services
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What is Sofort?
Sofort operates in a very similar way to a bank transfer, but it acts as a middle-man between your casino and your bank so that you never have to divulge your bank details. Transactions are processed directly to and from your bank account, but much faster and more securely with the use of a single-use TAN code.
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When was Sofort created?
Sofort was first launched in Germany in 2005 and was bought out by Swedish Klarna Group in 2014. In the UK it is also known as “Pay Now”.
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How to use Sofort to deposit?
Using Sofort to make a deposit is as easy as logging into your online banking account. In the payments or cashier section of the casino website, select Sofort as your preferred payment option. Log in by inputting your country, bank and online banking details. Enter the amount you wish to transfer to your online casino account and submit. A TAN code will be sent to you via SMS or email which you then need to enter to authenticate the payment.
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Is Sofort secure?
Sofort is an extremely secure payment method. Firstly, your payment information is withheld from your casino. Second, to that, your banking information is protected by your usual online banking security plus an extra layer of protection consisting of a TAN code that Sofort will send to you. Finally, Sofort has never had a customer fall victim to fraud when using their service and is committed to refunding any financial loss that may occur in the future.
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Are there any fees when using Sofort?
Yes, there is a nominal fee of 0.9% plus a flat fee of 0.25 EUR per transaction.
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What is the average payout time using Sofort?
The payout time will vary from casino to casino, but if playing at one of our recommended casinos here, then the average payout time is around one to three days.
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