Placing bets online has become more accessible in the last few years, thanks to the wide variety of payment options now available at the best betting sites. Klarna is one of the most popular banking methods in the UK today, and in this guide, we’ll be sharing with you how to use Klarna when betting online, as well as the pros and cons of using it.
Klarna Betting Sites
Klarna was established in 2005 by Sebastian Siemiatkowski, Niklas Adalberth, and Victor Jacobsson. The company was founded in Sweden, where it currently has its headquarters, but it operates in various European countries, including the United Kingdom.
In 2013, Klarna merged with Sofort AG, a German company that offered quick payment services. The Klarna system allows users to pay the full amount immediately, split it into four equal portions, or complete the payment within 30 days. Reports have shown that over 40,000 merchants in the UK accept Klarna as a banking option, but it’s worth noting that the Pay Later option is not available for online betting.
There has also been a rise in sports betting sites accepting Klarna, and while most of these platforms have yet to obtain a licence from the Gambling Commission, we should start seeing UK sites accepting the method soon.
5 Best Klarna Betting Sites
While Klarna is a popular payment system in the UK, few licensed betting sites offer it as a banking option. So, you’ll have to settle for offshore sites, which aren’t always the safest. However, if you seek quick, secure, and reliable transactions, we can recommend a host of reputable betting sites licensed in the UK that offer payment options similar to Klarna. Let’s take a look at five of these top sites.
#1. Betfred
Deposit limit: £5
Withdrawal limit: None
Bonus: Bet £10 and get £50 in free bets
Processing time: 24–28 hours
Fees: None
Betfred has provided premium sports betting options for players in the UK since the 1960s. The sportsbook sponsors Manchester United, one of the biggest football clubs in the country and welcomes new players with £50 in free bets when they wager £10. However, Betfred is a £5 deposit bookie, meaning you can start placing bets on all your favourite teams and players with just £5. The bookmaker also allows you to withdraw as little as £5 using super-convenient betting payment methods like PayPal, Paysafe, and Visa Fast Funds. Like Klarna, these options provide quick and secure transactions but offer even lower limits with smaller fees.
#2. BetVictor
Deposit limit: £10
Withdrawal limit: £50,000
Bonus: Bet £10 and get £30 in free bets
Processing time: 24 hours
Fees: None
BetVictor is home to some of the most profitable football betting markets. When you bet on the big football leagues, you can enjoy margins as low as 2.7%, which is way better than the average 4% found in other sportsbooks. You can also enjoy great odds on basketball and tennis matches with occasional odds boosts to increase your winnings.
New players also get £30 in free bets after wagering at least £10 and can participate in the daily prize wheel for guaranteed rewards. In addition to offering 24-hour withdrawals through payment options like Skrill and Neteller, BetVictor is also a great place to enjoy HD live streams of thousands of horse races and esports events.
#3. Ladbrokes
Deposit limit: £5
Withdrawal limit: £70,000
Bonus: Bet £10 and get £20 in free bets
Processing time: 24–72 hours
Fees: None
Ladbrokes started as a commission agent for horse racing in 1886 and evolved into sports betting over time. In fact, it was one of the first bookies to open shops in the UK. Today, Ladbrokes is still a leading sportsbook in the country, offering £20 to every new player who registers and wagers at least £10.
You only need a £5 deposit to get going at Ladbrokes, where you can enjoy several exciting features like the comprehensive bet builder, live streams of a wide range of sports events, acca insurance, and various horse racing and betting promotions.
#4. 888sport
Deposit limit: £10
Withdrawal limit: £25,000
Bonus: Bet £10 and get £30 in free bets
Processing time: 1–5 days
Fees: None
888sport is another reputable name in the UK betting space, offering a welcome bonus similar to bet365. In contrast to its competitor, you’ll need to enter the bonus code “30FXS” when making your first deposit. Also, the sportsbook has a maximum withdrawal limit of £25,000 and allows you to withdraw to your bank account using modern banking methods like Apple Pay, Google Pay, and Trustly. Like Klarna, these methods act as an intermediary, so your official bank statements do not include these gambling-related transactions.
#5. bet365
Deposit limit: £10
Withdrawal limit: None
Bonus: Bet £10 and get £30 in free bets
Processing time: 24–72 hours
Fees: None
bet365 is one of the biggest sportsbooks in the world and has been active in the UK betting market for several years. New users are welcomed to the site with £30 in free bets when they sign up and wager £10. The sportsbook is home to thousands of sports betting markets you can access via the website or the iOS/Android mobile betting app.
It also allows deposits as low as £10 using various payment options, including PayPal, Trustly, Apple Pay, and Google Pay. The great thing about bet365 is that it has no withdrawal limit. As long as you’ve fully verified your account, you can withdraw as much as you like. Withdrawals with e-wallets are mostly completed within 24 hours, while cards and bank transfers may take up to 3 days. As well as this, the bookie also has a whole host of excellent free betting offers such as the 6 scores challenge and they also have the bet35 best odds guarantee too.
Pros and Cons of Betting With Klarna
Pros
- Safe and reliable payment option
- Instant deposits
- Payments eligible for bonuses
- Easy to set up an account and make payments
- No banking details required
Cons
- Not available at most betting sites
- Fees can be quite high
Things to Consider With Klarna Betting Sites
High-quality betting sites are not easy to find, so even when you think you’ve come across one, you shouldn’t dive in without doing your due diligence. We’ve highlighted some points you should consider before signing up at a Klarna betting site.
- Klarna availability — Not many sites will let you fund your account with Klarna, but if you find one that does, confirm it also supports Klarna for withdrawals. If it doesn’t, and you’re comfortable with only using Klarna for your deposits, ensure the site has other suitable and convenient withdrawal options.
- Licence and safety — You’ll be better off playing at sites that are licensed by the Gambling Commission and have all the necessary security features like SSL encryption, 2FA, and firewalls in place. This is to ensure the safety of your payments and a fair gaming experience.
- Payment limits — You want to play at a sportsbook with a low minimum deposit limit and high withdrawal limits. Some sites allow deposits as low as £5, allowing you to start placing bets without breaking the bank.
- Betting options — The best Klarna sites offer betting options on a wide range of sports. From football to tennis and horse racing, you should be able to enjoy a variety of betting markets and great odds.
- Bonuses — While many might not see this as a big deal, bonuses help boost your bankroll and can provide you with the extra funds you need to land winnings. But it’s also vital that you check the terms and conditions, like the wagering requirements, validity period, and more.
Setting Up a Klarna Account
Before you can start playing at a Klarna betting site, you need to set up an account. Fortunately, the process is super easy. You can download the app on your iPhone or Android device or get the browser extension on your web browser. Once that’s all set:
- Launch the application and click on Get Started at klarna.com/uk/
- Confirm your UK location, enter your mobile number, and other required personal information;
- Klarna will conduct a check, and if everything is in order, your account will be ready in seven days.
How to Deposit With Klarna
After setting up your betting account, here’s how to fund it using Klarna.
- Download the Klarna app to create an account.
- You can link your bank account to Klarna or request a Klarna Card, which will be provided in minutes if you meet all the requirements.
- Head to the betting site and click on the Deposit button.
- Select Klarna from the list of options. Most sites will display it as “SOFORT by Klarna” or “Pay Now by Klarna.”
- Fill in the amount you want to deposit, your card issuer or bank, and other details related to your Klarna account.
- Authorise the deposit, and your betting account will immediately be credited with the funds.
How to Withdraw With Klarna
As mentioned earlier, some sites might allow you to use Klarna to fund your account, but won’t make the option available for withdrawals. In that case, you’ll need to use other reliable methods like PayPal, Trustly, or the old-fashioned bank transfer. But if you’re lucky enough that the site also allows you to withdraw with Klarna, here are the straightforward steps to follow:
- Head to the Cashier section and click on Withdrawal.
- Enter the amount you want to withdraw and choose Klarna as your payment method.
- Enter the required details and initiate the withdrawal. You should get your money within 1 to 5 business days.
Klarna vs. Other Sportsbook Banking Methods
Klarna offers unique advantages for sports bettors, but unfortunately, it isn’t available in most sportsbooks, and it may also not be the best option for everyone. Here are some alternatives to consider.
- Trustly — Trustly is another Swedish payment company with a significant presence in the UK. It allows seamless transfers directly from your bank account to the sportsbook and usually processes transactions instantly. One of the most attractive aspects of Trustly is that it supports both deposits and withdrawals and uses bank-level security measures to ensure the safety of your transactions.
- Bank transfers — Traditional bank transfers are still one of the most reliable payment options for online sports betting in the UK. They are especially suitable for higher-value transactions, although they can take longer to process.
- Debit/credit cards — Debit and credit cards are still the most popular banking option at UK sportsbooks. They are secure and easy to use, and almost everyone has one. Cards can also handle large transactions and hardly charge any fees.
- Apple Pay — For Apple users, Apple Pay provides a seamless payment experience with limited flexibility, enhanced security features, and zero payment fees. However, the downside is that it is generally limited to deposits only, requiring another method for withdrawals.
- Google Pay — Google Pay is similar to Apple Pay but for Android users. They both feature the same level of security and flexibility, and with Google Pay, you’ll also have to find another withdrawal method since it’s a deposit-only option.
- PayPal — This widely accepted e-wallet allows for quick deposits and withdrawals. It has a reputation for being easy to use and secure. However, you might have to put up with higher deposit limits.
FAQs
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Can I use Klarna at UK betting sites?Klarna is not currently available at legal UK betting sites. The UKGC sees it similar to credit cards and is unlikely to permit its use.
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Can I trust Klarna?Yes, Klarna is a reputable Swedish country that has been around for almost two decades and operates in multiple countries worldwide. They also have all the necessary regulations in place to guarantee the safety of your funds.
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Will I receive the welcome bonus if I deposit with Klarna?Most casinos will reward you with a welcome bonus if you deposit using Klarna, but some might not. The only way to tell is by reviewing the bonus terms and conditions before making a deposit. If there’s no clarification there, you can reach out to customer support.
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How fast are Klarna deposits and withdrawals?
Once your Klarna account is set up and you have funds in your bank account, you should be able to deposit and view the amount in your betting wallet in under a minute. Withdrawals take much longer to complete, typically between 24 hours and 5 business days.
