Klarna Online Casino Payments in Belgium

What is Klarna?

As a payment method, Klarna was developed in Sweden by Klarna Bank AB in 2005. It’s available in 22 countrie,s including Belgium, and has more than 90 million worldwide users. Probably the best way of looking at Klarna is as a form of “Buy Now, Pay Later.” As such, it’s a lender that stands between you and the casino.

Some Belgium-facing casinos may still have “Sofort” listed as a payment option, as this was a popular bank transfer method that was used throughout Belgium since 2005. However, in 2014, they were taken over, integrated, and rebranded as Klarna.

How Does Klarna Work?

With Klarna, you have two choices. You can choose to pay in full at the time of purchase or to stretch out the initial payment to Klarna. Because Klarna has already settled the payment with the online casino, you’re able to gamble whilst having a debt to Klarna that can be paid off over time. There are three Klarna payment options:

• Pay Now – Instant payment via credit card or bank transfer
• Pay Later – You’ll have up to 30 days to pay with zero interest
• Pay in Installments – The payment is split into 3 or 4 parts.

Take note that Klarna will perform a credit check if you choose to pay by direct debit, choose to pay later or in installments. However, no checks take place should you install the official app, create a Klarna account, or opt to pay by either credit or debit card. If you’re without a credit card, Klarna can only take funds directly from your bank account. Because Klarna keeps your banking details separate from the casino, you’re able to enjoy greater privacy.

Is Klarna Accepted in Belgium?

Yes and no! Although you’ll find offshore casinos offering Klarna as a payment method, more recent changes in Belgium’s gambling laws make it increasingly difficult to use. All payment platforms must ensure traceability, transparency, and responsible gambling practices. As such, Klarna’s “Buy Now, Pay Later” model conflicts with these goals and is highly discouraged by the Belgium Gaming Commission. That’s why it’s difficult to find a top casino that accepts Klarna in Belgium.

How to Make a Deposit With Klarna

The process for making a casino Klarna deposit into any Belgian-facing online casino is pretty straightforward. Here are the steps:

1. Log in to any casinos that accept Klarna.
2. Head over to the Cashier/Banking section.
3. From the available list, choose Klarna. With some casinos, this will be listed as SOFORT.
4. Enter the amount you wish to deposit. Take note that the maximum deposit is €200 per week.
5. Now log in to your Klarna account.
6. Choose your preferred payment option (Pay Now, Pay Later, or Installments).
7. Approve the payment.

If it’s your first time making a deposit, you’ll need to provide some extra personal information as mandated by KYC (Know Your Customer) requirements. This is to help fight against underage gambling and money laundering. In addition, before you make any deposit, check the minimum deposit required.

With many of today’s online casinos, this can be as low as 10 euro deposit casino, though you may need to pony up at least €20. Also, pay attention to the fact that though a Klarna bonus casino might exist outside of Belgium, there are no bonus offers within the country.

How to Withdraw Winnings with Klarna

Klarna cannot receive funds, meaning that it can’t be used for online casino withdrawals. The truth is that Klarna is neither a bank account nor an eWallet, but a payment service designed solely to send funds. Unlike PayPal or Skrill, Klarna only has one-way functionality with no wallet where funds could be stored.

Advantages and Disadvantages of Using Klarna

Although Klarna has many benefits, it’s not all moules-frites and waffles, with the lack of an option to withdraw winnings being the most glaring.

Fees and Limits for Klarna in Belgium

Using casino online Klarna for instant pay carries zero fees. There’s also no annual fee for using this method. But different terms apply depending on the payment option chosen, especially if you require an extension from your due dates or pay late.

For example, a 10 day extension will cost an extra €1.00, whereas a 30 day extension could cost between €1.99 – €7.99. Delaying payment for 60 days can cost you €12.99 in fees if the amount is over €750.

An online casino with Klarna also changes currency conversion fees, meaning it’s best to stick with Euro when funding your account. Klarna’s payment options, like “Pay Later” or its installment plans, are typically not available for gambling-related transactions.

Is Klarna Safe to Use at Online Casinos?

Thanks to being overseen by a number of governmental agencies, Klarna is a safe and secure platform. These include the SFSA (Swedish Financial Supervisory Authority) and the UK FCA (Financial Conduct Authority).

As for security measures, you can rest easy thanks to cutting-edge data encryption to prevent unauthorised access. You’ll find that the best casino that accepts Klarna offers advanced fraud detection systems that are constantly monitoring transactions to identify fraudulent activity. The platform also makes use of multi-factor authentication to enhance the security of your account.

Alternative Payment Methods for Belgium Players

For the sake of convenience, it’s best to find a payment method that supports both deposits and withdrawals. First up, we recommend Bancontact. This is a Belgian debit card that’s linked to your bank account. It offers instant deposits and withdrawals, with no third party registration needed.

E-Wallets are also a great choice. Both PayPal and Skrill are widely accepted by online casinos in Belgium, with both allowing you to utilise iGaming platforms without sharing any personal information.

Finally, we have VISA and Mastercard. These are traditional payment methods accepted by most casinos. Though they’re familiar and easy to use, you might find that some Belgium-facing casinos block gambling-related card payments.

Our Verdict: Should You Use Klarna at Online Casinos in Belgium?

The real issue with using Klarna for online casino payments is there’s no option for cashing out. Then there’s the fact that only relatively few online casinos offer Klarna, meaning you still need another payment method such as an eWallet or a bank transfer.