Klarna offers European banking options for Mega Moolah players

Klarna banking options for Mega Moolah players

Many Mega Moolah players in Europe do not necessarily want to use their own credit or debit cards when registering on a casino site.

That's fine. Today's online casino owners are sophisticated enough to know that customers want multiple payment options. One of the more popular options is a service known as Klarna and players throughout Europe have access to it.

If you are looking for a banking option that offers an exceptional level of security, consider Klarna. Why? Because Klarna is not just an electronic payment system - it is also a registered bank. In fact, it happens to be one of the largest online banks in the world. More importantly though, the entire premise of Klarna is to guarantee both sides of the transaction. Klarna assumes the risk so that payers and receivers don't have to.

A basic history of Klarna

Klarna is a Swedish banking concern that provides a variety of online financial services including credit payments, electronic payment solutions, debt collection, and more. The company was founded in 2005. However, it wasn't until 2007 that Klarna finally secured the kind of funding that allowed it to begin expanding outside its borders.

Klarna was built on the principle of assumed risk. In other words, they would assume store claims for payments while fully handling customer payments. This plan removed most of the risk for both buyer and seller. Sellers were guaranteed payment even if buyers failed to come through. Buyers were guaranteed to get what they purchased - or a refund if necessary - regardless of how sellers performed.

Klarna's business plan did not receive high marks from either banking experts or investors. However, company founders were able to persuade an angel investor to take a risk. They then hooked up with computer programmers to begin building what would eventually become the Klarna platform. The rest is history.

Klarna is now worth more than €2 billion. They offer service to some 60 million buyers and more than 70,000 sellers online, and they handle more than €18.25 billion worth of transactions annually.

Becoming a Klarna member

Before you can use Klarna to play the Mega Moolah slot, you have to become a member. Remember, Klarna is a banking system. Just like you have to open an account at a brick-and-mortar bank before you can start using its services, you also have to open a Klarna account. But don't worry; doing so is fairly easy.

What you don't have to do is make a deposit. If you want, you can just register with Klarna and then use your credit or debit card to make payments on your purchases. And yes, you can use Klarna for more than just playing Mega Moolah. You can use it at any online store that is part of the Klarna system.

Another interesting aspect of Klarna is that you do not register for your account by first visiting their website. You do so by making your first Klarna purchase. So let's say you wanted to play Mega Moolah with Klarna. Choosing that banking option would trigger the account sign-up process. You would fill out the account application, submit it, and that's it. Your new member e-mail would arrive shortly thereafter.

You could go ahead and play and then login to Klarna later to make payment using your credit or debit card. It is pretty simple. Just remember this: the login information you get in your welcome e-mail is what you would use to login to the Klarna site.

Reasons for using Klarna

You can choose any one of a long list of banking options to play for the Mega Moolah jackpot online. Klarna is certainly not your only option, and it is not right for everyone. Having said that, millions of people are already Klarna members. They use the service to handle all their online transactions. Here are four reasons they do so:

  • Buyer Protection - Klarna assumes initial payment for the goods or services that the buyer is purchasing. If the seller does not deliver as promised, the buyer does not pay. Klarna deals directly with the seller to resolve their issue while the buyer is not obligated to pay.
  • Payment Options - Although this doesn't apply to casino gambling, Klarna does allow customers to choose their preferred payment option. They can pay immediately, pay later, or make installment payments to keep an account current.
  • Customer Service - One of the things that sets Klarna apart is its customer service. You can find answers to the most frequently asked questions online. You can contact the customer service department by phone or through their website if you can't find the answers you need. Best of all, customer service will suspend payments should you have a problem needing resolution.
  • Availability - Klarna has worked hard over the last 13 years to build trust among customers and business owners throughout Europe. Now they are one of the most trusted names in online banking. As such, their availability continues to grow. As previously stated, they currently provide service to more than 70,000 merchants.

There is a lot to love about Klarna as an online banking system. As a way of playing Mega Moolah, the platform offers the best of multiple worlds. You get the convenience of an online banking system along with the safety and security that comes from digital wallets.

Protecting your information

You have learned a lot about Klarna as a casino gambling banking system thus far. But perhaps you are wondering why a player would prefer Klarna over a credit or debit card. The answer is pretty straightforward: a desire to protect payment data. That's a big deal to a lot of casino gamblers.

When you go straight in with your own credit or debit card, you have to supply the casino with your card information that allows them to access your payment account. While the Mega Moolah casinos will not do anything improper with that information, there could be risks elsewhere.

Klarna offers a solution. Yes, you are still providing information to Klarna (there's no way getting around it, someone has your personal and payment information). But the good thing is that Klarna are internationally known, regulated, and compliant banking system with all the right protections in place.

Deposits and withdrawals via Klarna

Let's say you have decided to play Mega Moolah using Klarna as your payment platform. How does it all work? Well, let's start by assuming you don't yet have a Klarna account. You would go to the casino's banking options page and choose Klarna. Your browser would then be redirected to a separate page where you would sign up for your Klarna account. You could then attach a credit card or bank account to your new Klarna account.

The entire process can be completed in just a few minutes and once you're done, you can make a deposit on the casino site; the casino will instantly get paid. The deposit will be reflected in the amount of funds you have in your casino account. Meanwhile, you will make payment on that deposit by logging in to the Klarna site.

When it comes time to withdraw, the entire process moves in reverse. Your withdrawal request will facilitate a payment made to Klarna by the casino. That payment will show up in your Klarna account as a credit that you can apply to whatever payment system used to make the deposit. If the money came out of your bank account, you can put it back in. Likewise, if you used a credit card, your withdrawal will appear as a credit on your next statement.

Remember that Klarna transactions are protected in both directions. That means players do not have to worry too much about it. If a player ever has a problem, contacting Klarna and explaining what the problem is takes care of it.

Klarna in summary

This guide has offered a tremendous amount of information about Klarna as both a banking system and a method of funding your online gambling pursuits. In summary, Klarna is an online bank with operations throughout Europe. In addition to online banking, they also offer an electronic payment system used by more than 70,000 merchants worldwide.

You can use Klarna to play Mega Moolah at any online casino that already partners with them. You will have to establish a Klarna account, which can be done when you conduct your first transaction, and you'll use that account to make payments on all your purchases. Both casino deposits and withdrawals are protected by Klarna's consumer protection policy.

Among all of the casino payment options out there, Klarna is one of the best. They offer a lot on the consumer side of things. You just might want to consider signing up for your own Klarna account to use to play Mega Moolah!

Byline: This article was published by Mega Moolah expert Henry. Media and other enquiries.

Next article: Want to play Mega Moolah from Russia? Try these payment methods