Founded in 2005, Sofort is an online payment method that originated in Sweden. The Klarna Group acquired Sofort in 2014. The payment method has recently become available in the UK. Sofort is now available in 17 different countries, attracting over 90 million customers. So, just what is Sofort? This page will outline exactly how this payment option works. We will also deliver our top ranked Sofort betting sites, perfect for punters looking for a new way to deposit and withdraw funds.
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Also known as Klarna or Sofort Uberweisung, Sofort is an online payment system which enables users to process transactions using their bank account. Some punters are put off by the fact that Sofort requires your online banking login details to function. However, Sofort is 100% legitimate. For many, there is not even any need to make an account, with Sofort already supporting many banks.
Both deposits and withdrawals are generally available at Sofort betting sites. Sofort deposits are instant, while withdrawals take between 1-5 working days. There are no fees when using Sofort, making it all the more appealing. Sofort is also a good option for punters looking for anonymity, with the name of bookmakers not appearing on statements.
Many bookmakers’ terms and conditions mean that your first deposit made via Sofort will be eligible for a welcome bonus. This cannot be said of many e-wallets. Finally, Sofort is hugely secure. Two layer security is in play, coming in the form of a PIN code and Transaction Authentication Number (TAN). As a result, punters should have no reservations about signing up at one of our recommended Sofort betting sites.
In order to deposit and withdraw funds at Sofort betting sites, a number of simple steps must be taken. While using Sofort does not necessarily mean opening an account, it is generally recommended. With that being said, the following is the process involved with depositing and withdrawing funds at Sofort betting sites:
Those who hold an account with specific banks will be able to use Sofort without using an account with them. However, for most, opening an account is required and recommended. In order to do so, visit the Sofort website and complete the relevant registration form. This includes entering your personal details, including full name, email address and date of birth. Verify your new account via email in order to gain access to Sofort services.
Using Sofort means that funds are transferred directly from your bank account. As a result, there is no need to add funds to your Sofort account beforehand.
The next step is to sign up with your chosen Sofort bookie. Having looked at all available Sofort betting sites, register with your favourite, based on their benefits and limitations. Complete the registration form of the bookie, before verifying your new account via email once again. Take into account any potential promo codes or opt in which must be carried out at the time of signing up.
Once registered and logged in to your betting account, it is time to add funds in order to be in a position to place bets. Head to the cashier page, before selecting the cashier option. Select the Sofort option, before entering the amount you wish to deposit. Click on “Confirm” when redirected to the Sofort payment page. Enter the relevant bank details, before selecting the “Select Bank” button and then “Next”. At this point, punters must enter their online banking login details. Having completed all of these steps, bettors must then verify payments by the TAN number, received by either text or email.
Withdrawals at online betting sites are not always available. Meanwhile, for those who do offer this service, withdrawals may be processed via bank transfer. When withdrawals are available, the process is very similar to the one used when depositing funds. Log on to your betting account, before selecting accessing the withdrawal page. Once again, select Sofort as your preferred payment method. Enter the amount you wish to withdraw, based on your available balance, before entering your Sofort login details on the pop-up page. Confirm the transaction by entering your online banking login details.
There is no need to move funds from Sofort to your bank account or chosen e-wallet platform. This is because money will be sent immediately to your bank account in 1-5 working days.
One of the most appealing things about Sofort is its lack of fees. Fees are generally determined by the bookies themselves. None of our recommended Sofort betting sites charge for using this payment option. As such, punters know that they will be able to bet with 100% of the cash they deposit, before spending every penny of what they withdraw. Minimum deposits using Sofort can start at as little as £5, however for the most part it is £10. When it comes to withdrawals, the minimum and maximum amount will differ between Sofort betting sites. Sofort deposits are processed instantly. Withdrawals have a processing time of between 1-5 days.
T&Cs apply surrounding all sports betting bonuses and free bets. This is why we always recommend looking into promotions for yourself before signing up and depositing. Deposits at Sofort betting sites are often eligible for some kind of reward. As you will see from our list of recommended bookies, rewards include deposit bonuses, free bets, risk free bets and extra winnings.
Still unsure of whether to use Sofort? Based on our experiences of the payment method at betting sites, the following are the main pros and cons of Sofort:
What We Like:
What We Don’t Like:
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Sofort represents one of the safest, quickest and most convenient methods of payment at UK betting sites today. Available in an increasing number of countries, the Klaran Group owned platform makes it easy to deposit funds to your betting account, as well as withdraw winnings in some cases. Our recommended Sofort betting sites are all licensed and regulated. So, be sure to check them out for yourself, before deciding which to potentially sign up with.
Swedish-based Sofort is now available in 17 different countries. These include major European nations including France, Spain, Germany, Belgium, Poland, Austria, Italy, Holland, Switzerland and the Czech Republic. Sofort has also more recently been made available in both the UK and Australia.
Generally speaking, no. However, this will depend on which bookie you sign up with. The vast majority will take care of any potential fees. This means that payments made by punters through Sofort are generally processed free of charge.
Again, this depends on the bookie. Sofort is not a payment method commonly associated with withdrawals. However, a small number of Sofort betting sites offer this payment method for both deposits and withdrawals.
If Sofort is not for you, be sure to consider e-wallets including PayPal, Skrill and Neteller. Elsewhere, with credit cards now being banned for gambling purposes in the UK, the debit card remains one of the most secure methods of depositing and withdrawing funds at betting sites. Bitcoin is another increasingly deposit option, although this banking option is more commonly associated with sportsbooks, rather than online casino sites.
Potentially! Bookies operate differently when it comes to their bonus terms and conditions. Some will say that deposits via Sofort are eligible, while others will state that such payments will not see punters qualify. Full T&cs apply surrounding bonuses and promotions, including wagering requirements, so be sure to do your homework first.
James is a freelance writer who specialises in the world of sports and iGaming, producing engaging and accurate content for online publications, including news articles, reviews, press releases and social media marketing.
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