People are used to seeing popular banking methods on offer at online casinos; credit cards, at least one e-wallet and traditional bank transfer are the three most common payment options available. However, German players and residents of a dozen of other Western European countries will show most appreciation for Sofort. Sofortϋberweisung, which is its full name, is the leading payment processing company in the mentioned markets. Since 2005, users are able to make direct instant deposits to online casinos using Sofort casino system without having to register an account with the service or compromising their anonymity.
Online Casinos that take Sofort:
How Sofort Casino Deposits Works
As the most popular payment method in Germany and one of the leading choices in other European countries, Sofortϋberweisung caters to players who want fast and secure online deposits. It acts as a bridge that links a player’s bank account to his/her casino account and doesn’t require any software download or owning a third party account that needs to be funded. The way it works is that it makes using one’s online banking account safer and easier when at an online casino. When you log into a web-based casino that supports Sofort, you need to go to the cashier’s page and opt for Sofortϋberweisung payment method.
Fill in the desired amount you plan to deposit and the system will direct you to a Sofort setup page where you need to fill in a transfer form that links your online bank account to the Sofort payment network and proceeds to send the payment to the deposit recipient, in this case, the casino. Your bank will provide you with a PIN-code and/or TAN-code (Transaction Authentication Number) which will secure the transaction that arrives in your casino account in half a minute. Withdrawals work in the same way, with a requirement that you have to have used Sofort for deposits to be able to use it for cash-outs.
Advantages and Drawbacks of Sofortϋberweisung
The fact that Sofortϋberweisung is a market leader in direct payments in all those European countries says a lot of its advantages. First of all, the method is tight and secure; it uses a two-layer security measure, a PIN and a TAN (can be used once per payment), so interfering of a third party is impossible. Both of the codes are unique, and even if someone finds out what the PIN is of a specific depositor, the Transaction Authentication Number becomes a firewall since it is unique and different with every payment. Secondly, Sofort transactions are instantaneous and bear no risk of delay. One’s deposit or withdrawals using Sofortϋberweisung is immediately available. And ultimately, Sofortϋberweisung doesn’t require players to register an account. As long as a person has an active online banking account at a bank that belongs to the Sofort network, this person is free to use the Sofortϋberweisung services as the ‘middleman’.
The disadvantage of it may be the fact that it is available to a limited number of countries and a limited number of bank account owners. Also, the experience of using Sofort at an online casino can sometimes be influenced by the casino itself. Withdrawals may carry fees, or they may not be allowed at all at specific internet casino sites.