Punters in Germany have lots of choices when it comes to payment methods for their online purchases. However, none of the international payment options available in Germany has managed to reach the popularity of Sofort. This online banking transfer launched in 2005 is the go-to payment option for lots of users in Germany and not only. Sofort is also very popular in Austria and Switzerland for its instant transactions with no fees that it facilitates.
Since it is so popular, Sofort was quickly made available by all online bookmakers focusing on Germany and the other territories where the payment method is available. Swedish bank Klarna acquired Sofort in 2013 and since then the payment option can be found under both names, a fact that created some confusion among bettors. However, no matter if you see Klarna or Sofort being offered at an online sportsbook, you should know it’s the same top-quality service. If you are looking for more details about Sofort/Klarna and its advantages for online betting Check out the rest of our review.
Yes, making a deposit via Sofort allows you to enjoy the first deposit bonus, or welcome package, on every bookie offering such a reward. There’s absolutely nothing to worry about when topping up your account with this payment option. Since the funds are sent directly from your bank account, Sofort is marked as a very safe payment method by bookmakers. Therefore, there is no reason for them to limit or restrict bonuses in any way.
It’s true that depositing with some ewallets (usually Skrill or Neteller) won’t make you eligible for receiving the first deposit bonus at certain bookies. However, that happens because these ewallets can be used straight away, without verifying the identity of the end-user. So, to shield themselves from bonus abuse or other fraudulent activities, the bookies simply decide not to issue the bonus. But, once more, you don’t have to worry about any sort of restrictions when paying with Sofort.
Making a deposit with Sofort at your online bookmaker is an intuitive procedure that can be easily performed by everyone. Even if you haven’t used the payment method before, or it’s your first experience with an online bookie, there’s nothing to be worried about. We’ve put together the main steps to be followed for making a successful transaction with Sofort. As you will see, the instructions start from the moment you log into your online bookmaker account. So, if you haven’t decided on a sportsbook just yet, you can find some very good suggestions on this page.
The vast majority of online sportsbooks accept a minimum transaction of €10 via Sofort. However, this value can be increased by some bookies so make sure to double-check it before making a deposit. As far as the maximum deposit goes, the standard value is €1,000 per transaction but this digit can also vary according to the transaction limits set by your bank.
Before talking about the actual procedure of requesting a withdrawal via Sofort, you should know that not all online bookmakers offer Sofort as a withdrawal method. The ones recommended on this page should allow you to cash out your winnings and the steps to do so are very similar to the ones for depositing. Access your account and look for the “Withdrawal” menu where you will insert the amount you want to take out. If you previously deposited with Sofort, your bank account should already be saved so you won’t have to insert any other details. Just confirm the withdrawal request and that’s all.
The minimum withdrawal via Sofort is €40 while the maximum can go as high as €5,000 and the transaction should come with no fees. Of course, some bookies may change the minimum and maximum values.
You don’t need to sign up or register an account to use Sofort. Your bank account and access to online banking are all you need. This is one of the aspects that make this payment option so great since there’s no wasted time, or another set of credentials to remember.
Not having to create an account means there’s also no need to verify an account. All the checks are done by the bank when you open your account, so there’s no need for a follow-up on that.
Neither Sofort as a payment option nor the online bookmakers apply any sort of fees or taxes to transactions. No matter if we’re talking about depositing or cashing out, there should be no extra costs. Your bank, on the other hand, may apply some fees for the transactions, according to the agreement you have with them.
The story of Sofort starts in 2005 when the online banking payment method was established in Germany. Partnering right from the start with the most popular banks in the country, the payment option became the standard for online payments. After enjoying so much success in Germany, Sofort started to extend its services in neighbouring countries. Austria and Switzerland are the territories where Sofort was very popular before merging with Klarna. The merger took place in 2013 and it opened up the markets of Sweden, Norway, the Netherlands, Italy, Spain, Poland, and Belgium among others. Even though the payment method is now available at online betting sites under both names (Sofort and Klarna), the main markets remain the German-speaking ones – Germany, Austria, and Switzerland.