Klarna Casinos with Instant Withdrawal (2024)

Klarna is a payment method that is constantly gaining popularity in the online gambling sphere and more than a few established casinos offer it. The solution is still mostly available in Europe but has expanded its operations to Australia, North America, and South East Asia so we are eager to see what Klarna will be able to offer in the near future.

Klarna was established in 2005 in Stockholm, Sweden. The payment solution is owned by Klarna Bank AB that falls under the umbrella of the wider Klarna Group. The payment solution did not take off immediately but by 2010, it has managed to become one of the most promising new fintech companies and has expanded its operations to the rest of Scandinavia, Germany, and the Netherlands. In 2014, Klarna merged with Sofort Banking which is why some of the casinos that accept Klarna might list it as Sofort.

Klarna revolutionized the world of e-commerce by introducing a so-called “buy now, pay later” option. Users are allowed to pay for their purchases in installments – in 30 days, in 3 or 4, or in up to 36 installments over the course of a year. Most of Klarna's services are both interest-free and fee-free which makes the payment solution a very good deposit option. You should keep in mind, however, that most online gambling websites would not actually allow you to deposit in installments – which means that you would have to use the solution's iDEAL option that allows you to pay instantly. Another thing you should take into account is that Klarna cannot be used for withdrawals.

The fact that it is currently used by more than 90 million clients is hardly surprising. Klarna provides a very user-friendly interface and an easy-to-navigate mobile app. Signing up only takes a few minutes – after you are done, you can easily make fast and secure payments to established casinos and other well-known merchants. The shopping experience this solution facilitates is truly seamless. However, one of the most unique things about Klarna is its customizable approach to payments – paying in installments is not only convenient but it allows more budget-cautious shoppers to still make larger purchases without breaking the bank.

Klarna is very serious about security and buyer protection. Your sensitive personal and financial information will be safeguarded by the payment solution that uses various advanced encryption protocols.

Another unique thing about this payment solution is that it is very user-centric. Klarna uses data analysis and machine learning algorithms to provide you with personalized shopping recommendations. The payments solution is partnered with many established brands which means that users often get special offers and discounts.

Klarna Transaction Fees and Times

The fees Klarna charges depend on the specific service you are planning to use. There are no fees for opening an account, and there are no annual fees for using the payment solution. Some of the services Klarna offers are also free of charge as long as you pay back in time.

Many of the services Klarna offers are completely interest-free. The Pay in 30 days, Pay now, Pay in 4, and 3 Instalments are generally free of charge. Late fees vary depending on the specific service.

Pay in 30 days – If you are late paying back, you will be charged late fees 7 days after your payment is due. You will be notified that your payment is late and will be allowed to send money to the payment solution manually. After the 7-day period has passed, Klarna will try to charge your card once again and if they are unable to collect a payment, you will be charged a fee. The size of the fee depends on the size of your order. If it is over €20 (or currency equivalent), you will be charged a fee of €5. If you own Klarna for less than that, you will be charged a 25% fee. However, if you owe less than €1, you would not be charged any fees.

3 installments – You will be charged a late fee if you do not pay Klarna back within 14 days after the second or third installment of your payment is due. The payment solution will try to charge your card up to three more times and if they are unable to collect a payment, you will be charged a late fee. If you owe Klarna more than €30, you will be charged a fee of €5. If you owe less, the fee is once again 25%. Once again, if you owe less than €1, you would not be charged at all.

When it comes to some of the other services Klarna offers, you might have to pay additional fees. Keep in mind that not all services are interest-free either.

Monthly financing – This service allows you to spread the payments on a certain purchase within 24 months. You can make between 6 and 36 payments but Klarna does charge interest. The percentage varies depending on the specific purchase and how fast you pay but the annual interest you will be charged might reach as much as 21.9%.

Klarna Card – The Klarna debit card allows you to make interest-free purchases – just connect it to your standard debit card and afterward, all of your payments will be automatically split into 4 installments. However, you will have to pay a monthly maintenance fee of $4.99 (or currency equivalent). If you are late with making payments, you will, once again, be charged late None (late fees might incur) fees. There are no currency exchange fees.

Similar Payment Methods

If Klarna is not available in your country or you would like to look into alternatives, these are some other payment solutions that offer similar possibilities.

Afterpay is another buy-now-pay-later service that is available in various countries around the world, including the United States, Australia, Canada, and the United Kingdom. Just like Klarna, the payment solution allows you to pay for your purchases in installments.

Payz is a digital payment platform that allows users to securely send and receive money online. It is a convenient and reliable payment solution that allows users to conduct transactions, make payments, and manage funds. EcoPayz does not allow users to pay in installments but offers other handy features – you can store funds in an e-wallet, make international money transfers, and online purchases.

Sezzle is a payment service primarily used in the United States, Canada, and Australia. The service enables users to split their payments into interest-free installments.

Paysafecard is a prepaid payment method that operates on a voucher system. Users can purchase a Paysafecard voucher from authorized retailers and make online purchases without a bank account or credit card. Each voucher provides a PIN that can then be used to complete payments with online merchants.

Klarna Company Milestones

Klarna only recently started charging late fees in the UK – a development that managed to upset quite a few users. However, the company stated that its previous no-fee approach was encouraging irresponsible spending and contributing to an overall worse user experience.

In recent years, Klarna has also encountered criticism because of its algorithm-based shopping recommendation. Although this is a convenient way for users to get a tailored shopping experience, some experts believe that such an environment can lead to irresponsible shopping.

How to open a Klarna account

Opening a Klarna account is a straightforward and uncomplicated process. Similarly to other online banking solutions, Klarna will ask you to provide quite a lot of personal information for security reasons but account opening should not usually take too long. You can easily open a Klarna account by following the steps below:

• Download the Klarna app on your mobile device or go to klarna.com/login.
• Select your country of residence and enter a valid e-mail.
• You will receive an e-mail verification code that you should enter into the app.
• Enter your phone number and wait to receive a verification code.
• At this point, Klarna will ask you to provide personal information and documentation. You will have to provide your full name and address, and a phone of a personal document verifying your identity (ID card, driver's license, or passport).
• Choose an authentification method – a PIN, fingerprint, or Face ID.
• Choose your preferred Payment Plan (keep in mind that some payment plans such as Pay Later are not available for online gambling transactions).
• Connect your Klarna account to a bank account or a credit/debit card.

After you have, completed these steps, you are all set. You can now go to the website of your favorite casino and make a deposit. Choose Klarna as a preferred payment option – you will be redirected to the payment solution's website, log in, and verify your identity. Your payment should be processed immediately after that.

Klarna Market Coverage

Klarna is extremely popular in its native Sweden and in Scandinavia as a whole. However, the payment solution is also very widely used in many other countries worldwide and currently has more than 90 000 000 users. Klarna can currently be used by residents of Sweden, Norway, Finland, Denmark, Germany, Austria, the Netherlands, Belgium, Switzerland, France, Greece, Italy, Poland, Spain, Portugal, the UK, Ireland, Hungary, Romania, the Czech Republic, Slovakia, Japan, the USA, Canada, Mexico, and Australia. The number of merchants and online gambling websites that accept Klarna has increased drastically in recent years and is only continuing to grow.

Klarna's website is available in 17 languages and most clients will be able to receive excellent customer support in their native language. The payment solution also supports 10 currencies – US Dollar, Euro, British Pound, Swedish Krona, Norwegian Krone, Danish Krone, Australian Dollar, Canadian Dollar, Swiss Franc, and Japanese Yen.

Keep in mind that casinos in some countries, such as the US, might not accept Klarna as a payment option – even though the payment solution is generally available in the country.

Final Words

In the almost two decades it has existed, Klarna has managed to truly transform the way people shop online. The solution offers fast and convenient payment options, flexibility, a high level of security, and an all-around user-centric experience. These are part of the reasons why Klarna has become so popular so quickly. The convenient options to pay in installments without being charged interest or huge fees have managed to entice millions of users worldwide. While it was initially introduced as a Scandinavian payment solution, Klarna is constantly growing and taking over new markets with its innovative approach to e-commerce and is bound to become even more globally recognized than it already is.