Sofort Casinos with Instant Withdrawal (2024)

Sofort is a rising start in Europe's payment solutions industry, currently in the process of establishing a huge audience on the continent, which does include casino punters. Purely based on what it has to offer, we can say that Sofort's future is laid out, and it's just a matter of time until it reaches its zenith, as few other payment systems are so swift and simple to use.

Based in Munich SOFORT GmbH was founded all the way back in 2005, and it quickly established a dominant position as Germany and Austria's biggest alternative payment method. In 2014 the firm was acquired by Klarna, thereby establishing the Klarna Group and changing the name of the provider form “Sofort Überweisung” to the much simpler and easier on the ear “Sofort”, hitting off the modern rendition of the method as well all know and use today.

To it's core, Sofort is a banking wallet, creating a payment channel between the client and the online casino or e-merchant. It simplifies things without revealing any payment and payer's information to any third parties. All you need is a bank account to use Sofort; you don's even have to open an account with the payment system itself.

One of the main selling points of Sofort, aside from the fact that it is so easy to use, is the amount of safety measures taken to protect user data and money. To begin with, the payment provider does not share any personal details with anyone, which just means that users don't have to worry about any data breaches – when making a payment in any online casino the channel between the bank and the casino (via Sofort) does not contain any personal or financial information, keeping them private, thus keeping things to such a minimum as to suggest complete anonymity, and this is a very appealing aspect in today's world.

A state-of -the-art Secure Socket Layer (SSL) encryption software is applied, encrypting each and every single one Sofort transaction, away from prying third part eyes. To add an extra layer of security each Sofort payment is accompanied by a One-Time password, or OTP, that is used to once to validate a single transaction, locking out any and all extraneous breach attempts.

The aforementioned sense of anonymity offered  by Sofort is one of its main selling points, allowing users to use this fast payment method without any registration, but at the same time taking full advantage of the tight security measures.

More than 3 million Sofort transactions have been detected on a monthly basis, with some 35 000 merchants offering it as a method of paying. Although it may not be as impressive as other payment methods, these numbers are explained by Sofort's more niched audience, i,e the European pool of users, whose numbers will only grow as the method expands. You have to remember that the online payment processor industry is viscously competitive, and to even make it this far is a sign of strong commitment. So things can only be looking up for Sofort.

How It Works

It's the simplicity with which Sofort handles payments that makes. All it takes is for the client to chose a online casino or merchant site and the rest is pretty much a done process. Select the Sofort payment method, follow the instructions which will require you to input some banking account details, throguh which the main transaction will take place.

The process cannot be continued without inputting one's Transaction Authentication Number (TAN), a particular bank-issued code that keeps clients' funds secure. This code is unique to each bank and each user.

The last step is to enter the One Time Verification, also known as the OTP, which one gets as part of each transaction. And that's that, you're done, and your money's on the way to the online casino account.

It's that simple, and there's really no strings attached. By far, this is one of the easiest ways to pay, and we find that the Sofort team has applied itself to this one belief, that secure and ultra simple online payments are the way of the future. With Sofort, gone are the days of tedious card details input, the long registration times that require minute details, and annoying verification processes. The system takes care of all operations, while the user reaps the benefits!

Advantages of Sofort

• Honestly, we don't recall a simpler payment method than this, and one that is build like a solid wall at that. The security measures taken here are unprecedented, and this can only make things even that much better for online casino platers in particular.
• Merchants and online gambling platforms are introduced to a market and user base that does not rely on credit or debit cards. All you need is to have a bank account, and this opens Sofort to an otherwise unheeded audience.
• Sofort clients are automatically set up with it, and there is no need for any further registrations.

Sofort Fees and Time

Let's get one thing out of the way. Online casinos deposits using Sofort offer these services completely for free, and this company, especially, prides itself on providing free payments for online casinos. This is one appeal that is not easily beat considering how many alternative payment methods there are there that apply casino fees, especially in Europe where it is regarded as normal to apply commissions for casino-based payments.

Nevertheless, even with free deposits in its portfolio, there are also no withdrawal fees, but not for the reason you might think. The truth is that Sofort does not allow withdrawal services, only deposit ones with online casinos. So we can still speak of withdrawal fees, considering that users will have to find an alternative payment method to take out money. Said payment method may charge withdrawal fees, and it's up to the client to find for himself what these are.

Back to the payments with Sofort. Bank transfers with Sofort can take up to 2 business days, but the general consensus is that these payments are actually instant, on the spot, rarely requiring the 2-day process.

For e-merchants and similar reservices, bank transfers using Sofort can be issued a 1.9% administration fee, which is not that much, and not a fixed rate in that the fee mostly depends on the bank in question.

Lastly, there is a limit as to how much you can send by Sofort. The 24 hour limit is €25 000. Only special cases that have been discussed with the support team may apply for a higher cap.

Sofort and Online Casinos

Sofort casinos are popular in Europe, but still need to hand picked from a global majority that does not offer it as a payment method. Considering that safety and practicality are the two pillars of Sofort, online casinos are easily onboarded, however the European-only factor can still limit many casinos and users. But when you do access Sofort based casinos, you will be greeted with a level of professionalism that is worth the wait.

The biggest advantage to using Sofort as a payment method is of course the lack of the burdens of registration. Clients need only have an active bank account as well as one with the casino, to be eligible. Then payments are automatically transferred from you bank to your casino account via Sofort. It's really that simple, and we can't think of an easier way to fund an online casino account.

One very important thing that readers have to be made aware of is that Sofort is not an e-wallet, and not something that is meant to be used to keep your funds in. In fact, to prove this we need only tell you that withdrawals from online casinos with Sofort is not possible. Clients cannot receive payments, but only pay for services and products.

Similar Payment Methods

There is no doubt to Sofort's abilities, but it is in limited supplies, and that may bother some users that have no access to it. Online payment processors like it are hugely popular with both e-merchants and online casinos, and so alternatives to Sofort are plentiful but whether one is better than the other is still debatable. But we can say that it is hard to beat the convenience of Sofort, and if there are other payment methods that come close to doing so, the three ones below are definitely it.

Sofort Milestones and Mentions in News

In July 2022 Sofort announced a banking partnership with Brite Payments, an instant payment solution, boosting both companies' numbers in the process. Sofort will complement the Brite Payments payment system by allowing existing and new clients of Brite to activate instant payments without the need for tech support, within seconds.

How to Open an Account with Sofort

The main thing to know about Sofort is that you don't need to open an account with it to use it. As we discussed, Sofort is a buffer between the merchant or online casino and your bank account. But there are a couple of steps that need to be followed to complete a payment. Let's start assuming you are new to online payments.

• First and foremost, one needs to open a bank account, but note that not all banks may support Sofort. In Germany most do, but some European banks may not, so you need to make sure where it is supported. Opening a bank account and its associated data requirements are the only things you need to share to use Sofort.
• Acquire a Transaction Authentication Number (TAN) after registering with a bank, and keep this number safe because you will need it for each transaction thereafter.
• Place money on your banking account, which can be done in many ways.
• In your preferred online casino or e-store chose Sofort as a payment option, and chose your bank from a list of available institutions. The system we direct you to the Sofort site where you will need to fill a simple payment form, requiring, among other things, the TAN code.

Investing in an online casino with Sofort there will be no need to share any further details. Just follow these steps and get your account running. The only difficult part here is the choice of the online casino itself, but the truth is that there are many great Sofort-supporting casinos out there.

Allowed Countries

The main audience for the payment method is European, more specifically German and to a lesser extent Austrian. The countries that the payment system is currently available in are all based in Europe, but we see a bright future for Sofort, which includes an inevitable expansion strategy to go beyond. The countries supporting Sofort are Austria, Belgium, Finland, France, Germany, Italy, Norway, Poland, Spain, Switzerland, Sweden, The Netherlands, and the United Kingdom.