The word sofort is German for immediately or instantly, so you shouldn't be surprised to hear that the online bank transfer provider now known as Sofort was founded in Munich in 2005. It has proceeded to establish itself as one of the most popular online payment methods in both Germany and Austria, but it's also available in plenty of other countries, including Canada and New Zealand. In this article, we will explore how Sofort works and how you can use it at a growing number of online casinos to make deposits with ease.
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Sofort Made Simple
Sofort exists to facilitate the online transfer of funds in a way that is quick, safe and reliable. It is a method used by over 35,000 businesses, including the likes of eBay, TUI, Lufthansa, and T-Mobile, and it is becoming increasingly common as a payment option at reputable online casinos in Canada.
We like this payment method because it allows you to make deposits and withdrawals without you ever having to give your bank details to the casino itself. Simply provide those details to Sofort and it will act as a middleman between your bank and the casino.
If you, like many of us, enjoy playing with several online casinos, using this method of payment means that you will only have to share your bank information with Sofort. Do things the traditional way and you would probably end up giving your details to each casino separately.
With Sofort, the casino will never see any of your most sensitive financial details, and neither will Sofort employees.
The idea behind this company is both simple and elegant, and it has helped Sofort to become a big player in the online payment industry. So much so that it caught the eye of Swedish fintech company Klarna, which purchased Sofort for $150 million in 2014 and in doing so created the Klarna Group.
How to Open and Use a Sofort Account
Because Sofort is now part of the Klarna Group, you will actually need to register with Klarna to set up an account that you can use. Here's how to proceed:
- Visit the Sofort website and tap the register button. This will take you to the relevant page of the Klarna website.
- Click Create Account and enter the personal information requested. This will include your email address, name, date of birth and so on.
Once your new account has been set up - something that usually happens instantly - you will be ready to use it at a growing number of online casinos in Canada. You can, of course, also use it when paying for products and services at any online merchant that also accepts Sofort.
How to Use Sofort at Online Casinos in Canada
Actually using Sofort as a payment method at online casinos in Canada is easy. All you have to do is:
- Check that the casino accepts Sofort as a payment method.
- Select Sofort as the method you want to use.
- Enter the sum of money that you want to deposit.
- Check your email for a Transaction Authentication Number (TAN).
- Back at the casino, select the bank you use and enter the TAN.
As long as no mistakes have been made, the requested sum will be deposited to your casino account right away.
Sofort - Advantages & Disadvantages
Sofort: Our Verdict
Sofort is a superb online bank transfer provider, and it is hard to fault for its transaction speed, security and ease of use. Our only reservation with this option right now is that it isn't yet accepted at as many casinos as we'd like, so it isn't a method that you will probably be able to use exclusively unless you play only at Sofort-friendly casinos.