Sofort Casinos

What is Sofort?

Sofort, short for SofortÜberweisung, is a European-based online payment method. Players use it to make deposits to online casinos across the globe.

The payment processor launched in 2005 in Gauting, Germany. At the time, it was called Payment Network. The company chose to rebrand thereafter.

Currently, Sofort’s headquarters are in Munchen, Bayern. However, the company has thriving offices in 13 other countries all over Europe. These include Italy, France, Austria, the Netherlands, Belgium, and Austria, just to name a few.

Today, it is the most popular online payment method in Germany. Notably, the name SofortÜberweisung loosely translates to Sofort Banking.

Sofort is owned and operated by Klarna Group, also established in 2005. The two companies merged in 2014. They currently share a fan base of approximately 35 million clients.

Over the years, the payment solution has served more than 50000 merchants.

Sofort aims to become the most popular online payment solution globally. It currently processes upwards of 2 million transactions monthly.

Further, Sofort acts as a buffer between customers and merchants. After all, the solution does not reveal the payer’s information to third parties.

With Sofort, you do not need to create or register for an account. The service can be used as a bespoke payment system to make a one-time casino deposit.

It is important to note that Sofort is not an e-wallet. As such, it does not support withdrawals since it cannot hold funds. It is just a bridge linking a casino/merchant account to a bank account.

That being said, the service still gives e-wallets a run for their money. This is thanks to its fast deposit speeds in online gambling.

Other services offered by Sofort include:

• Sofort Billcode
• Sofort Paycode
• Sofort Ident.

Sofort Fees & Taxes

Payments made via Sofort to online casinos and merchants are usually free. That has always been the case since the payment processor launched.

Some casinos are known to impose charges with regard to various payment methods. However, this is not the case with Sofort. The payment processing company only partners with casinos that allow free deposits.

Nonetheless, it is important that you consider the charges in terms of withdrawals. Since Sofort does not offer withdrawal services, you will need alternatives. The saddening part is that these alternatives may charge hefty withdrawal fees.

As such, ensure you acquaint yourself with various withdrawal fees charged by other options. This way you can pick one that’s easy on your pocket.

For the most part, Sofort transactions do not have considerable limits. However, online casinos have maximum and minimum limits per transaction. When depositing via Sofort, the maximum limits are normally several hundred Euros.

Note that the limits are usually per transaction done on a daily basis.

On the other hand, banks might charge you some fee to allow Sofort transactions. Mostly, the bank’s administration fee does not exceed 1.9%.

This is a considerable amount for one-time transfers. However, the fees can be overwhelming if you process various payments individually.

Sofort Market Coverage

The best payment processors are usually accepted in various countries. However, the bureaucracy involved in integrating the payment option may hinder its expansion.

For the most part, Sofort is a wonderful innovation. The payment method was created to cater to online customers in Germany. Notably, it has not failed in this regard seeing how successful it is.

Away from that, the payment option has expanded its services all over Europe. Currently, it prides itself on being one of the most preferred payment methods in the EU.

Sofort has thriving branches in 12 different jurisdictions. These are

• Sweden
• France
• Italy
• Switzerland
• Belgium
• Spain
• Poland
• Austria
• Hungary
• The Netherlands
• Finland
• The United Kingdom.

Of course, it is not the biggest processor in these countries. But it sure is the most prominent payment solution in Germany.

Notably, Sofort can only be used to make casino deposits in the aforementioned countries. With regard to withdrawals, players have to find alternative options such as bank transfers.

Sofort supports 5 popular currencies in Europe. These are

• NOK
• GBP
• EUR
• DKK
• SEK.

Notably, there are discussions underway to determine if cryptocurrencies will be integrated.

According to the Sofort website, the payment solution currently caters to 50000 merchants. Moreover, it processes close to 2 million Euros monthly. This simply shows how wide the market coverage is for this payment method.

Boku

This is a mobile e-wallet. It allows you to use your mobile phone account to place wagers in casinos.

Boku is an excellent solution since it allows you to transact with casinos on credit. Thanks to this option, you do not have to rely on credit cards.

The amount you use is then charged as per your mobile payment plan. Moreover, it is a better option if you want to keep your banking details private. This makes it an ideal alternative to Sofort.

Skrill

If you prefer e-wallets, Skrill is one of the best in the game. As a matter of fact, it was created with gambling in mind.

To use it, however, you will need to sign up and verify your account. The account is then funded by linking a credit card or bank account. Skrill is available for casino deposits and withdrawals.

Moreover, it is instantaneous when it comes to making casino deposits. Fees are affordable and support is always available 24/7. Where Sofort isn’t available, you can consider using Skrill.