What are Klarna payments?
Founded in 2005, Klarna makes internet transactions easy, safe and completely secure for users. Although the company was founded in Sweden, it expanded its boundaries by partnering with Sofort, which is also a popular online payment service among Germans.
After acquiring various companies from different countries, Klarna has grown into a large financial institution. It operates in approximately 15 countries including Australia and is used by approximately 60 million people. The company has advanced and modern technologies in its arsenal to provide a high level of user security. Additionally, various gambling sites accept Klarna to fund player accounts. Below we tell you all about using Klarna in online casinos. Choose the top casino in Australia and play!
How does Klarna work?
Klarna works similarly to other online payment services. You can deposit money into the player account directly from a bank account. The transactions are executed immediately. There is no need to wait a specific time. In addition, with this payment method, the risk of user data theft is minimal as it uses advanced technologies. All you have to do is find an online casino that accepts Klarna as a payment option and you can play for real money.
It’s easy to create a Klarna account. No bank account is required with Klarna. Instead, you simply have to register online as a user for free and then pay for the online transaction with Klarna. You can then log in to your account and process the payment.
This payment service differs from the other methods in that not all of its products can be used for virtual gambling. Klarna’s installment plan and billing option do not allow you to top up your player account. However, the latter option can be used for payments to your casino account and instead of Trustly. What sets Klarna apart from Trustly is that it can be used by many players as it is supported in more countries than Trustly.
How to start playing at Klarna casinos?
When you gamble on a gambling site, you have the option of making deposits with Klarna. However, withdrawals using this method are impossible. Klarna deposits are super easy. Depending on the gaming website, you may have several options when funding your player account. Below you can find out more about how to make payments and transfers in virtual casinos.
Klarna is a fairly popular payment method in online casinos. The best thing about depositing with Klarna is that you don’t have to go through a separate registration process to make a payment. All you need to do is make sure that the gambling site you are gambling on and your bank support Klarna.
An account is not required to conduct online gambling transactions. This means your data remains protected from unauthorized third parties. After activating your bank account for online banking, make sure that you have a stable and fast internet connection. Then follow the instructions below:
- Go to the checkout section of your favorite gambling platform.
- Then select Klarna as your payment option.
- A new window will open with Klarna’s payment system, asking you to enter your bank and country of residence.
- After finding your bank, all you have to do is enter your details, which include your password, account number and PIN.
- In some cases, one may be required to enter a TAN (Transaction Authentication Number) sent via SMS or email to authorize the transaction. TAN works as an OTP (One-Time Password), which provides an additional layer of security.
- Once authorized, funds will be transferred from your bank account to the gaming account in real time.
How to withdraw money from Klarna casinos?
Unfortunately, a payout with Klarna is rather unlikely. Most casino operators do not support this service as a withdrawal method. Instead, users have to look for alternatives to withdraw winnings. This is one of the biggest disadvantages of Klarna as a casino banking option. Most gamblers who use the service for payments usually withdraw their money using a regular bank transfer.
Sometimes Australian gambling sites list Klarna as a withdrawal option. This is made possible by Klarna’s Open Banking API, a payment processing service for bank transfers offered by the payment system. However, you should be aware that fewer casinos accept Klarna as a withdrawal option than those that support it as a deposit option. In addition, the transfer time depends on your country. The standard time for transfer is two to three business days in addition to the waiting time set by the gaming provider.
How long do payments take at Klarna casinos?
Klarna deposits are typically processed instantly. This means that as soon as you confirm the transaction, the funds should appear in your online casino account, allowing you to start playing your favorite games right away.
It’s important to note that while Klarna is a popular and convenient option for depositing funds at online casinos, using it for withdrawals is generally uncommon. Most casino operators do not support Klarna as a withdrawal method. This limitation is primarily due to the nature of Klarna’s payment processing services, which are designed to facilitate direct purchases and deposits rather than acting as a traditional e-wallet for withdrawals.
What bonuses can you get in the casino with a Klarna deposit?
Klarna casino bonuses are promotional offers provided by online casinos to players who choose Klarna as their payment method for deposits. While specific Klarna-exclusive bonuses are rare, players depositing with Klarna can usually take advantage of a range of general casino bonuses. Here are some common types of bonuses you might encounter at Klarna casinos:
- Welcome Bonuses
A welcome or sign-up bonus is offered to new players when they make their first deposit. It often matches the deposit amount by a certain percentage, potentially doubling or tripling the player’s initial bankroll.
Generally available to players who deposit with Klarna, subject to the casino’s terms.
- Deposit match bonuses
Similar to welcome bonuses but available to existing players. These bonuses match a percentage of a deposit made during the promotion period. Players making deposits with Klarna can usually qualify for these bonuses, enhancing their playing funds.
- Free spins
Free spins are often provided as part of a welcome package or as a standalone promotion, giving players a set number of spins on selected slot games without needing to wager their own money. Depositing with Klarna often makes players eligible for free spins, allowing them to try out popular slots.
- No deposit bonuses
These bonuses are awarded without the need to make a deposit, offering a risk-free way to try casino games. They might come in the form of bonus cash or free spins. While not directly related to Klarna deposits, these bonuses are available to all registered players, including those intending to use Klarna for future transactions.
- Cashback offers
Some casinos offer cashback on losses incurred during a specific period, providing a percentage back to the player’s account. Players who fund their accounts with Klarna may be eligible for cashback offers, depending on the casino’s policies.
Klarna casinos with the best payouts
We have carefully selected a list to guide you to online casinos offering the most favorable payouts for players choosing Klarna. This selection is anchored in the Return to Player (RTP) percentage, a vital indicator that shows what portion of the total bets placed within a casino is returned to players as winnings. Higher RTP percentages signal a greater likelihood of winning, making these casinos particularly attractive. Our curated list of Klarna casinos with the best payouts is designed to direct you towards platforms where your chances of success are enhanced, ensuring a rewarding gaming experience.
Klarna casinos with minimum deposits
For those new to the world of online gambling, the prospect of making large initial deposits can be intimidating. Recognizing the importance of accessibility for beginners, we’ve compiled a list of online casinos that welcome Klarna payments and feature low minimum deposit thresholds. This approach is ideal for players who wish to start with smaller stakes, minimizing the risk of significant losses early on. By including casinos that allow for deposits as low as A$1, our list aims to make online gambling more accessible, providing a gentler introduction to the excitement of casino games without the burden of large financial commitments.
Klarna casinos on your mobile
If you want to play at your favorite casino from a mobile device, you may have the question of whether everything will be the same as on a computer or something will change. The good news is that you can still use Klarna to enjoy mobile-optimized casino games from your phone or tablet.
You will notice that regardless of the type of device used, all payments are the same. The only significant difference – other than screen size – is that there are fewer game titles available on mobile gaming websites. However, this is improving almost every month as the number of mobile casinos continues to grow.
Fees at Klarna casinos
As far as fees are concerned, you will not be responsible for these when making deposits or withdrawals. The deposit amount you choose will be the exact amount that will be withdrawn from your bank account without any additional taxes or fees. However, keep in mind that some casinos may charge transaction fees. Therefore, contact support to clarify this in advance.
However, there is good news regarding the payment limits allowed by Klarna. The company does not set any maximum or minimum limits. This applies to both deposits and withdrawals, provided they are supported. Although Klarna’s payment method does not impose any restrictions, some operators may impose these restrictions. Therefore, you should read the Terms and Conditions or contact support for accurate information.
Security at Klarna casinos
Klarna payment does not use any of your personal or banking details, they are just an intermediary between your online bank account and the gambling site. Your confidential data will therefore not be passed on to third parties. This also distinguishes Klarna from some internet payment methods that require all of your data. Klarna works by requiring minimal information about players.
Additionally, Klarna uses the latest security protocols for its platform and mobile app and continues to offer its customers security thanks to the use of TAN verification codes. Codes lose their validity after use. No dealer or online casino can access your online banking data such as PIN or TAN because Klarna uses a secure encrypted connection (AES 256 bit).
Klarna is very strict about security and if you suffer any financial loss from using their systems, you will receive a refund immediately.
To all of this, we can also add casino-specific security layers – reliable and licensed Klarna casinos use an HTTPS connection. Always check this aspect when joining a gambling platform.
Klarna alternatives in Australian online casinos
Despite its many advantages, Klarna is still not usable in all internet casinos. But don’t worry, there are many alternatives to this payment service. Aussies can use the classic POLi, which is free, processed instantly and protected by the bank’s security system. You can also use the following payment options:
- Credit and Debit Cards (Visa, MasterCard) remain a staple, providing instant deposits and robust security. However, some users may be cautious about sharing card details with casinos.
- Bank Transfers and BPAY offer a secure way to transfer funds directly from your bank account, with BPAY serving as a popular bill payment service that includes online casinos. While secure and widely accepted, these methods can have slower processing times for deposits and withdrawals.
- PayID is a unique Australian payment solution that allows users to make instant bank transfers using a simple identifier like an email address or phone number. It’s known for its speed and security, making it an attractive option for casino deposits.
- Cryptocurrencies (Bitcoin, Tether) are becoming increasingly accepted, offering anonymity and minimal transaction fees. Despite their benefits, they come with the volatility of cryptocurrency values and a learning curve for new users.
- Prepaid Cards (Paysafecard, Neosurf, Flexepin) provide an anonymous and straightforward way to deposit funds without needing a bank account or credit card. Neosurf and Flexepin are particularly popular in Australia for their ease of use and security, though they’re primarily suitable for deposits.
- POLi continues to be a preferred choice for Australians, facilitating secure and instant transactions directly from bank accounts without the need for registration or credit cards. However, it’s often not available for withdrawals.
Advantages and disadvantages of using Klarna in online casinos
Like any other online payment method, Klarna has its advantages and disadvantages. The biggest advantage of this payment service is that you can split the payment into several parts. Some websites even give you the option to pay later. This can be a big advantage for some players, although we remind you that playing with money you cannot afford can be dangerous. Only play with the money you can afford to lose.
- Klarna employs robust security measures, ensuring that your financial data and transactions are protected. Users benefit from Klarna’s high-standard encryption without sharing their banking details directly with the casino.
- The Klarna payment process is streamlined and user-friendly. Transactions can be completed with just a few clicks, making it a convenient option for depositing funds into casino accounts.
- Payments made through Klarna are processed instantly, allowing players to access their funds and start playing their favorite casino games without delay.
- Klarna typically does not charge users additional fees for transactions made to online casinos, making it a cost-effective choice.
- Klarna offers various payment options, including the “Pay Later” feature, which provides users with flexibility in managing their finances.
- While Klarna is a popular choice for deposits, not all online casinos offer it as an option for withdrawals, potentially necessitating the use of an alternative payment method for cashing out winnings.
- Klarna’s services are not available globally, and its usage is restricted to supported countries and banks. This limitation can restrict access for players in regions where Klarna is not operational.
- Using Klarna’s “Pay Later” feature can impact your credit score if payments are not managed responsibly. Missed payments may lead to negative consequences on your credit report.
- Klarna works directly with banks, meaning transactions are subject to the policies and potential restrictions of your banking institution, which might affect your ability to use Klarna in certain casinos.
- Some online casinos exclude deposits made through payment services like Klarna from qualifying for bonuses or promotions due to policy restrictions.
Final thoughts on Klarna casinos in Australia
Compared to most deposit methods accepted by gaming platforms, Klarna is extremely fast and easy to use. There is no need to open an account or register – this makes funding your account directly from your bank account much easier and safer. Since it is a real-time payment service, the money is transferred to your gaming account instantly, so you can start playing your favorite games in minutes.
Even though there aren’t as many gaming websites that accept Klarna as there are other payment options, there are enough reliable and user-friendly alternatives in Australia for you to choose from and win a lot.
As a player, you should be aware that you cannot use Klarna to withdraw your money won at the casino. This is the main disadvantage of the service. However, the quick payments and flexibility that characterize this payment option make it a good payment method even though there are not many Klarna casinos.
