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Only Swedish casino players have the opportunity to use one of the best mobile payment systems — Swish. It’s super convenient and fast for online casino payments, which is why using Swish is a common practice. The best thing about Swish is that you can deposit money within only 1 minute. How to and which casinos accept Swish — learn in this article.
Swish was introduced in 2012. The developers of the most used mobile payment system were the six largest banks in Sweden, including Handelsbanken, Danske Bank, SEB, Länsförsäkringar, Swedbank, and Nordea. And of course, the creation of the payment service couldn’t do without the Central Bank of Sweden.
In the beginning, Swish was free for users so anyone could register with the service and use it for easy payments between friends and family.
Already next year, 2013, the payment system was awarded a “Mobile Payment of a Year” at the event called Guldmobilen.
The service has been developing very fast, so in the following years Swish has become available for businesses and eCommerce. Businesses, though, such as online casinos accepting Swish have to pay a fee each year and a small fee for each transaction received.
Clients and casino players who use Swish aren’t charged anything. For them, the service is absolutely free.
Many users compare Swish to mobile banking services like Apple Pay. However, Swish works a bit differently. To confirm payments, you need to use your mobile phone number.
First, remember that the payment option works in Sweden only. So you must reside in Sweden. If you’re a tourist or an immigrant in Sweden, then create an account with a Swedish bank that is partnered with Swish.
Second, as you can see, you must have a bank account at a Swedish bank that supports the service. If you don’t have one yet, it’s time to do that. Banks that work with Swish are ICA Banken, Danske Bank, Skandia, Ålandsbanken, Svea Bank, Handelsbanken, Swedbank, Länsförsäkringar, Nordea, Sparbanken Syd, SEB, and Marginalen Bank.
Then, just download the Swish mobile app and sign up. You will need your Mobile BankID for registration. Follow the instructions in the app. As soon as you complete setting up, you can use Swish for online casino payments.
It takes a minute to top up a casino balance. Do it in a few easy steps:
While you’re returning to the casino lobby, you’ll find that the money has already arrived at your casino account.
Unfortunately, Swish cannot be used for cash-outs. So you will need to choose another banking system such as your bank card or wire transfer. However, these are very slow.
Alternatively, there are e-wallet payment options and cryptocurrency methods if your online casino is crypto-friendly. They are very fast meaning you can get your money on the same day. But it might cost some fee. So learn more about fees and limits before choosing your payment option for withdrawals.
As you can figure out from the information given earlier, Swish is a great payment system. But it has a few flaws that might affect your experience.
We already said that Swish clients don’t have to pay any fees. But we’ll repeat it. Swish online casino deposits are hassle-free. The service doesn’t require you to pay fees. Instead, it will charge your casino operator for each deposit transaction received through Swish.
While most casinos are okay with that and free players from deposit fees, some online casinos may charge you. It’s better to clarify it with your casino support manager before using Swish for payments.
Speaking of transaction limits, Swish doesn’t have them. No minimum or maximum limit, which means you can deposit as much as you want. But it won’t be possible anyway because online casinos in Sweden have limits on deposits. Usually, it’s 4,000 EUR — 6,000 EUR.
Swish is a great option for payments between Swedish residents and online payments, including casino deposits. It’s quick and easy. Answering the question if it’s worth using, of course, yes. However, you should check the disadvantages again and think if they can affect your gameplay. For example, you might not have a broad range of online casinos accepting Swish or you might not like the inability to withdraw that will make you look out for alternatives. In other words, value all the pros and cons and make your final decision wisely. Besides, don’t forget to check our online casino Swish reviews to find the perfect online casino for you.
Posted Wednesday, February 14, 2024
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