Content:
- What is Swish and how does it work?
- How to register with Swish
- Online casino Swish deposits
- Online casino Swish withdrawals
- Pluses and minuses of using Swish for online gambling
- Fees and limits for Swish payments
- Is it worth using Swish?
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.
What is Swish and how does it work?
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.
How to register with Swish
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.
Online casino Swish deposits
It takes a minute to top up a casino balance. Do it in a few easy steps:
- Find an online casino Swish that we recommend on this page and register with the one you like best. For the most exciting experience, we advise you to read the full casino review on our gambling portal and make sure the casino is what you’ve been looking for.
- Go to the deposit section and choose Swish as your option.
- Enter the amount of money you want to play for.
- Next, you’ll be prompted to your Swish app. Follow the instructions and confirm the deposit using your Mobile BankID.
While you’re returning to the casino lobby, you’ll find that the money has already arrived at your casino account.
Online casino Swish withdrawals
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.
Pluses and minuses of using Swish for online gambling
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.
Pluses
- It’s the fastest deposit option for Swedish players. Just a minute is enough to pay and start to play.
- There are no fees for online casino deposits unless stated otherwise by the casino itself. But the Swish service doesn’t charge its users.
- Swish uses high-end security technologies. It’s developed and controlled by major Swedish banks. All payments are based on the Mobile BankID system.
- It’s very simple to register and use the Swish mobile app.
- Players can use casino bonuses, including welcome offers and deposit match deals when making deposits with Swish.
Minuses
- It’s available in Sweden only. It means that not all international online casinos that accept Swedes are partnered with Swish. So players who want to use the payment service will have a narrow choice of casino sites.
- Withdrawals are not available.
- Accepts SEK only, which can impose additional fees for currency conversion when paying at international online casinos.
Fees and limits for Swish payments
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.
Is it worth using Swish?
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.
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