Sofort Casinos NZ
Sofort is a rather obscure payment method for online casino players in New Zealand. However, customers in central Europe are already familiar with this company, since it is widely used in Germany and Austria. On this page, we’ll show you what Sofort is and if you should use it to make your online casino transactions.
So how does Sofort work?
Sofort is an online payment processor that validates and processes transactions between the participating banks and merchants who have collaborated with the firm.
However, it’s not quite the same as wire transfers, even if one might think of Sofort in this light. The Sofort network must be joined by all financial institutions, even if they operate just online. Thus, Sofort serves as an intermediary between a network of online banks that have agreed to exchange funds.
Because of the infrastructure already in place, Sofort provides a quick and hassle-free method of transferring cash or making a payment. However, there are just a few banks in the Sofort network, with most of them being in Germany and Austria.
Even while Sofort isn’t technically an e-wallet either, there are some similarities. E-wallet customers must deposit money into their accounts or set up automated withdrawals from their bank accounts or credit cards each time they complete a transaction. Rather of having to go through all of this, Sofort has opted for an easy-to-use transaction procedure that just requires a single verification step.
Using Sofort at Online Casinos
Customers who want to utilize Sofort as a method of payment on an online casino may complete their transactions in a matter of minutes. Once you select Sofort as your transaction method, you will be redirected to Sofort’s secure payment page. In order to complete the transfer, you only need the sort code and confirmation code of a Sofort partner bank.
The use of encryption assures the safety of all of your personal information during transmission. A confirmation message will be sent to the casino after the transaction has been recorded.
Sofort vs. Other Payment Methods
For starters, online casino gamers like Sofort’s lightning-fast transaction speeds with linked banks. Because you aren’t creating a virtual e-wallet account per se, you don’t need to register, create new usernames and passwords, or re-enter any financial information.
Two-step authentication is also available using Sofort’s confirmation code. In other words, whether you pay using a debit card or an E-Wallet like PayPal, your personal information is more secure and concealed.
Finally, there are fewer fees associated with using Sofort as your payment method at online casinos. Some partnered merchants will even provide discounts of up to 20% when using Sofort to transact with them.
Should you use Sofort?
Well, customers from Germany and Austria are already using Sofort to deposit and withdraw money to and from their online casino accounts. It’s safe and simple to use, and there’s little to no downtime to deal with when the installation is complete.
However, because Sofort is mostly partnered with local banks in Germany and Austria, gamblers in New Zealand likely won’t be able to use the service unless they already have an account at one of those banks.