BankID Online Casinos
Online casino players from Sweden do not have that many payment methods to use for seamless deposits and withdrawals across international sites, but BankID is the solution they could use. It is the solution that is available to Swedish users, therefore, available across many casinos targeting players from the country. It will allow for fast and secure digital payments, regardless of where the casino is based. Why use BankID across online casino sites?
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BankID FAQs
What is BankID?
BankID, as its name implies, was a solution used by Swedish banks for online identification and verification, but it later became a renowned national payment method. Due to its efficiency, and through its partnership with Trustly, it can be used by users from other countries, as well.
Can I use other currencies or the Swedish krona only?
The Swedish krona is, of course, the most used currency. However, considering this is a solution connected to banks, you could use other currencies as well, those available in your bank, for a currency conversion fee. If you use it via Trustly, other currencies are guaranteed.
What happens if I experience issues with my transaction?
Considering this is a service offered by banks, BankID itself does not offer Customer Support. However, you could first contact your online casino if the transaction has failed, to see whether they know more about the issue. Or, you can always contact your bank, as the bank will know where the problem occurred and how to solve it.
Will I find the solution across many online casino sites?
As introduced, the service is provided by Swedish banks, but since it has also partnered with Trustly, you can expect to find it across many online casino sites, especially those accepting and targeting Swedish players. Via Trustly, you will find it even across international online casinos.
In which languages can I explore its website?
Its official website is, of course, available in Svenska, but since the solution has expanded its reach further than Sweden, its website is also available in English, the universal language everyone can understand, for better navigation.
About BankID
In Sweden, back in 2003, some of the most popular banks were using a solution for online identification and verification, we now know as BankID. The solution enabled banks to better communicate digitally, sign official documents, complete transactions immediately, and confirm identities via a secure pathway, safely and easily. As such an amazing service, providing these awesome solutions for verification and easier online banking, it was concluded that it can also be used by users and eCommerce platforms as a payment method. That’s how it started getting promoted as a payment method, an efficient solution offering users multiple benefits, among which seamless and safe online transactions.
Even though it was first available in Sweden only, and considering it quickly obtained a user base of over 8 million people, other countries also showed interest in it. When it eventually partnered with Trustly, it got the recognition it deserved, becoming available to users from many other countries. If using it as a solution linked to your bank, not via your Trustly account, though, you’d need to have a Swedish social security number.
When it comes to the banks that offer its services, ten major ones do, Danske Bank, Skandiabanken, SEB, Swedbank, Svenska Handelsbanken, Nordea, Sparbanken Syd, ICA Banken, Länsförsäkringar Bank and Ålandsbanken. However, since this is a solution many are interested in, you should not be surprised to learn that other banks may be added to the list at any point in time.
You must have gathered by now that, considering how seamless this solution sounds, it has managed to get spread across the online gambling industry, across online casinos accepting players from the Swedish market, but also across international casinos where Truslty is accepted. Therefore, if interested in using it, and wish to learn how to get started with it, stay with us.
Types of Services Offered
If you want to get to know the company, the service, you can always explore BankID’s official website. But, our job is to inform you of all the types of services the solution offers, and how to use it for seamless online transactions.
Now, there are three different ways to get started with the solution. First, you can use the solution on your mobile device. To do that, you would need to visit your bank and ask the clerks to give you your mobile BankID for the security software. You would need to download and install the software, and on the platform, you’ll receive an activation link which you need to tap on to activate its services, or you can use the QR code scan to do that, as well.
The second way to use the solution is through your desktop device. You would need to apply at your bank for the security software and download it on your laptop or PC. Again, you’d need to click on the activation link or use the QR code scan to activate the service.
And the third way is to use its services through a smart card. Again, you’d need to visit your bank and apply for the smart card, which is a card, just like any credit or debit card, for which you’d need to have a PIN code to use it. But, there’s also the need for a card reader. This card reader is purchasable at the bank. The card and the card reader serve as an added layer of protection, in case you don’t want sensitive data to be stored on your mobile or desktop device.
They are more complicated to use, though, even though the safest option. The reader has a built-in keypad where you enter the card’s PIN code. It can be connected to your device, as long as you download the security software as explained previously. After you’ve connected them, you can slip the card into the reader and enter the PIN code.
Obviously, to get started in any of these ways, you would need to provide the eligible banks with your Swedish national ID number, in order for the security software to provide these banks with the needed information about you and facilitate the verification process.
How to Deposit with BankID?
As long as you’ve chosen the way you want to get started with and use BankID, depositing with it across online casinos would be a piece of cake. As mentioned, since the solution is used by millions of Swedish citizens, and online casinos love catering to them, plenty of them have started offering it as a payment option. So, the first thing you need to do is find a casino that would suit your preferences most, which accepts the solution. As soon as you do, you won’t even have to register an account with it if you don’t want to. You can, if that’s what you want or if it is mandatory to create an account to access the casino. But if the casino is open for any player, you can easily just request a deposit via BankID.
To do that, follow these steps:
- Head over to the casino’s Banking/Cashier/Payment Methods page.
- Find BankID’s logo, or use Trustly or its product PayNPlay to request a withdrawal.
- Specify how much you’d like to deposit.
- If you go with BankID, after you choose your bank from the ones offered, provide the ID code you got from your bank to authenticate the transaction.
- Confirm the transfer and the funds will be deducted from your bank and added to your casino account.
The procedure will be different with Trustly and PayNPlay, but less complicated. Since these are simple solutions, they’ll be pretty intuitive to use. You’d need to log into your respective Trustly or PayNPlay account, specify how much you’d like to deposit and confirm the transaction. As simple as that!
How to Make a Withdrawal with It?
You’d need to visit the Banking/Cashier/Payment Methods page again in order to withdraw your winnings via BankID or Trustly. You would need to repeat the same steps as described above for deposits, and wait for the casino to approve the request.
The casino may take some time to check whether you have any wagering requirements left unmet from a bonus you may have claimed. If all is in order, it will send your winnings on your bank account or Trustly account, respectively.
Country Restrictions and Other Limitations
Since you need to have a Swedish social security number to use BankID, it should be clear to you by now that the solution is only available in Sweden. If a player from other countries, though, things are not as dramatic as they sound. You can still use its services via the Trustly solution or its product PayNPlay. Therefore, you’d need to check how the whole procedure would go, but eventually, even if you’re not a Swedish player, you would still get the opportunity to use the solution.
That’s actually the only limitation towards using this solution, the fact that if you want to use it directly, you’d need to be a Swedish citizen. There are no other obstacles, no other limits, as mentioned, since the solution does not impose transaction limits, and you can use any currency, not only the Swedish krona, provided by your bank, for a currency conversion fee.
Advantages and Disadvantages
One of BankID’s strongest suits is the high security it offers. Essentially, the service it offered first was identifying and verifying users’ identities in an easier and more effective way, even though it later became a payment method. As such, its identification tech works impeccably but add to that the fact that only the top banks in Sweden are offering it, regulated by the Swedish Financial Security Authority, and there you have it: the safest Swedish solution to be used across online casino sites.
On that note, the solution is available across many online casinos. As you will see, you’ll have no issues getting started with it, as it is pretty intuitive to use. As long as you have the security code, you can use the solution in just a few taps or clicks on your mobile or desktop device. Not to mention that no hidden fees apply whatsoever.
Bank-related fees do apply, though, but for these, you’d need to contact your bank. As mentioned, currency conversion fees would apply, too, if you’re using a currency different from the Swedish krona. The fees are a downside, but the country restriction is a bigger one. The fact that the service can be used by Swedish citizens with a social security number only is a bummer, especially for those of you who would like to use it, but cannot.
Final Analysis
There’s no point further emphasizing the fact that BankID is the perfect solution to use for online casino transactions, for Swedish players across international sites. It offers cost-effective transactions, processed relatively fast, in Swedish krona or other currencies, in just a few taps or clicks on your mobile or desktop device. It is the safest and most secure solution since it collaborates with the leading Swedish banks, all certified by the FSA. And, via the Trustly or PayNPlay solution, it can be accessed by players from other countries.
However, this brings us to the major restriction, the fact that its service is not available to non-Swedish players, but only the online identity verification service via Trustly and PayNPlay. Therefore, even though it has a lot to offer, the solution has still a long way to go to become truly global and used by players from across the world. But, as a player from Sweden, make sure you make use of all of the perks it offers, and you’ll experience the smoothest online casino banking ever.
BankID Online Casinos
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