Casino Deposit Methods for Danish Players
The online gambling sector has been thriving in the past decade or so, reaching millions of players from around the world and the Danish are not an exception. Figures released by the country’s official gambling regulator, Spillemyndigheden (the Danish Gaming Authority), revealed over half of all gambling activities in Hans Christian Andersen’s motherland have been executed over the internet in 2017.
This positive trend continued well into 2018 as an official report by the local regulator shows Danes have collectively poured over 1 billion DKK into licensed online casinos in the first two quarters of the year alone. Currently, there are about 27 gambling operators that have been authorized to legally offer their services in the country so Danes’ choice is a bit limited.
Because of this, many players prefer to take their betting action to online casinos that lack local licensing but operate under the frameworks of foreign regulators. Many foreign-licensed gambling operators are happy to accept the action of Danes and cater to their needs by supporting payments in their local currency.
Denmark-friendly casinos offer a variety of trusted payment methods players from the country can use to deposit into their casino accounts, including popular options likes Klarna and Nordea. But before we get there, let’s say a few words on what the current gambling legislation climate in the country is.
Online Gambling Legislation Climate in Denmark
Until recently, the state-owned lottery Danske Spil was the only entity with a valid license allowing it to legally offer gambling services to Danes. The year 2012 saw the end of Danske Spil’s monopoly and Denmark became one of the first European countries to liberate its gambling market.
The enforcement of the 2012 Gaming Act legalized all forms of gambling in the country as long as the operators receive a local license and contribute with a licensing fee. This piece of legislation regulates various forms of landbased and online wagering, including lotteries, sports betting, and casino gambling. Licensed online casinos have the right to offer a variety of games, including blackjack, poker, roulette, baccarat, punto banco, and slots. However, Danske Spil retained its monopoly on specific forms of gambling like bingo, lotteries, scratch cards, dog and horse racing.
The Danish Gambling Authority was created in the same year and has so far issued about 27 licenses to both local and foreign gambling operators, including well-known brands like bet365. All gambling operators are required to pay an application fee and are taxed on their annual gross gambling revenue.
Over 20 unauthorized online casinos have had their websites blacklisted for offering their services to Danes without a local license. Meanwhile, some foreign-based brands like Ladbrokes withdrew from the local market citing unsatisfactory levels of return as the reason after the enforcement of the 2012 regulations.
Persons who operate unlicensed gambling websites or landbased venues within the territory of the country run the risk of being fined or even imprisoned. That being said, Danish players are not actively persecuted for registering and betting at unlicensed gambling websites. Since gambling is viewed as a form of entertainment, Danish players are not taxed on their winnings.
Denmark’s Top Casino Banking Methods
Danish players cannot complain of a lack of options when it comes to payments and have a choice from a variety of trusted e-wallets, prepaid cards, and online banking processors. When choosing a casino deposit method, Danes should take several things into consideration including waiting times, processing fees, and security.
Many of the banking options suitable for Danish players are widely available at Denmark-friendly online casinos and would process payments in the local DKK currency. Most of the methods covered in this article can be used for deposits and withdrawals, with Klarna and Nordea being two of the best options for Danish gamblers.
Credit and Debit Cards
Credit and debit cards rank among the most common methods Danes would use when topping up their online casino accounts. Cards enable fast, secure, and hassle-free transactions, not to mention most people are familiar with them and have already used them at one point or another. Deposits conducted with a credit or a debit card take place in real time, enabling players to join the betting action at their favorite Denmark-friendly casino right away.
Another reason why cards are a popular payment option is that they allow for bigger deposits and withdrawals. Cards are also largely considered one of the safest ways to conduct an online money transfer, not to mention they give players instant access to their gambling funds – you can withdraw your gambling winnings from the nearest ATM whenever you want.
The majority of gambling operators work with established card brands like Mastercard, Visa, and Maestro. Some players from Denmark would prefer to use their local Dankort debit cards which are supported at most online casinos that work with Visa. Payments carried out with cards are typically not charged with additional processing fees by most Danish-friendly online casinos.
With that said, some card issuers might enforce extra charges on international payments but the amounts would vary between banks. We advise Danish players to contact their card issuers no matter what brand of card they use and request additional information on transfer fees.
Nordea is a long-standing financial services provider which has its headquarters in Sweden’s capital, Stockholm, but also services customers from several other countries, including Denmark, Norway, Finland, Switzerland, Poland, Russia, and Germany. The company was established in 2000 after the successful mergers between several of the largest banks in the Nordic region.
The number of branches currently operated by Nordea exceeds 1,400, with more than 11 million customers using the company’s services. This is also one of the most popular payment services on the Danish market, with more than 1.7 million household customers in the country.
There are two ways to deposit into your online casino account if you are a customer of a bank affiliated with Nordea. The company issues Mastercard-branded credit and debit cards, which are commonly accepted by many gambling operators. Danes who pick this as an option must provide their card details along with the desired deposit amount and confirm the payment for an instant money transfer to their casino accounts. Yet, not all Danes are willing to reveal their card details to online casinos while others may not possess a card altogether.
Nordea is more popular for its online banking platform but in order to use this option, Danish players must hold an online banking account with a supported financial institution and register with Nordea.
Depositing through Nordea’s platform is a simple enough process as one only needs to click on the method’s logo in the casino’s cashier. After the player is redirected to the online banking platform’s log-in page, they can enter their password and user ID to access their Nordea account. Afterwards, they only need to follow the instructions provided by the Nordea system and confirm the money transfer.
Each payment is authenticated with a one-time access code whose purpose is to make transactions as safe as possible. Another benefit of using Nordea is that funds are credited to your online casino balance without any delays, enabling you to start playing for real money right away.
Anonymity is an additional benefit resulting from the use of this payment method. You practically are not revealing any sensitive information to the casino. All details concerning your transactions are disclosed only to the Nordea-affiliated bank whose services you are using. Nordea payments can be conducted in several currencies apart from DKK. These include EUR, GBP, SEK, PLN, and USD.
Danes who consider using Nordea should bear in mind that withdrawals cannot be returned via its banking system. You can normally receive your winnings via a bank transfer. Of course, those who have deposited with a Mastercard-branded card issued by a Nordea-affiliated bank will experience no issues with cashing out their casino money.
Klarna Online Banking
Klarna is a Swedish-based financial services provider which acquired rival payment company Sofort in 2014. Currently, Klarna services over 60 million customers on 18 European markets, Denmark included, and is accepted by more than 70,000 online merchants, including a number of Danes-friendly online casinos. The method is also available to casino depositors from the UK, the Netherlands, Germany, Austria, Norway, Sweden, and Finland.
This is a popular payment option among Danish online gamblers that enables them to process quick and hassle-free payments directly through their online banking accounts. It operates similarly to Nordea. Respectively, deposits are initiated by selecting Klarna in the casino’s cashier lobby and filling in the desired deposit amount.
The player is then transferred to their bank’s online banking log-in page where they must provide their account number and online banking PIN. The deposit is authorized with a verification code that is sent as a text message. Payments go through immediately after confirmation, making Klarna a time-efficient and convenient casino deposit method.
Another advantage of using Klarna is that it gives you a choice from different payment options such as Pay Now, Pay Later, and Slice It where you can split your payment into several monthly increments. Similarly to Nordea, Klarna is not available for withdrawals, with players’ casino winnings being commonly returned via bank transfers.
Danish players who are reluctant to use their plastic debit cards at online casinos have the option to top up their accounts with Entropay. The latter is available in around 50 countries, including the UK, Denmark, Portugal, Finland, France, Germany, and Italy. Entropay gives you the opportunity to create virtual debit cards that can are accepted by most merchants and online casinos working with the Visa brand.
You have the option to create as many virtual cards as you wish, having a choice from three different currencies, EUR, USD, and GBP. To use Entropay, you must go through a brief registration process to set up an account and create your virtual cards. These cards can be topped up via standard plastic debit/credit cards or bank transfers. Customers whose plastic cards have been issued in an EU member state are charged a 1% fee when topping up their virtual cards’ balance.
Entropay gives you the option to dispose of your virtual card when you exhaust its balance but reloading is also possible. Danes who decide in favor of this banking solution will enjoy instant deposits but withdrawal processing times would depend on the casino one is gambling at. You pay the same way you would when using a standard credit or a debit card, meaning that you must provide the card’s number, its expiry date, and your name.
Paysafecard is another suitable alternative for Danish players and is highly recommended for unbanked or overcautious individuals who either do not have credit cards or bank accounts or are unwilling to use them for interactive gambling purposes. Paysafecard is a prepaid method that is available in more than 50 countries. The payment company offers vouchers that can be purchased at over 600,000 landbased locations such as gas stations, retail shops, and kiosks.
Danish gamblers can purchase Paysafecard vouchers of different denominations, including 100 DKK, 300 DKK, 500 DKK, and 1,000 DKK. Each Paysafecard voucher comes with a unique 16-digit code and this is all you have to enter when initiating a deposit through an online casino’s cashier. For many Danish gamblers, the high levels of safety and anonymity are the biggest advantage resulting from the use of Paysafecard.
Those who are looking to increase their betting action can make larger deposits by combining several vouchers. If you have any remaining balance, you can use it for future deposits if sufficient. Danish players can also register with myPaysafecard accounts and top them up with their purchased vouchers. This also enables them to track their available balance and even cash out their winnings although not all Denmark-friendly gambling operators would support it as a withdrawal option.
Payments with Paysafecard are processed at no additional cost for the players and offer an exceptional level of security since the vouchers eliminate the need of sharing any of your information with the online casino.
Players from Denmark also have a choice from several popular e-wallets like Skrill, ecoPayz, and Neteller. Some gamblers consider these options less convenient because they require setting up an account before deposits can be initiated. Once created, these accounts need to be verified by sending copies of personal documents as this would increase the e-wallets’ spending limits.
Verification is also required for security reasons as a measure against frauds and identity thefts. After the registration process is complete all three e-wallets can be topped up, with players having a choice from debit/credit cards and standard bank transfers.
Hundreds of online casinos work with the e-wallet ecoPayz, which poses as a convenient and trusted solution that enables borderless payments in more than 40 currencies, including DKK, GBP, USD, EUR, CAD, NOK, and SEK. The trustworthiness of this e-wallet is further consolidated by the fact it is regulated by the UK Financial Conduct Authority.
The method is supported for instant deposits and time-efficient withdrawals across a wide range of Denmark-friendly casinos. In addition to its e-wallet service, ecoPayz offers a variety of other payment products such as virtual and plastic ecoCards and ecoVouchers. The ecoCards are available in a limited number of currencies, though, as the only options are USD, EUR, and GBP.
Skrill has established itself as one of the most popular e-wallet services in the world, enabling its customers to send and receive money globally in over 35 currencies, including DKK. The method is accepted at more than 500 online casinos, which renders it one of the most widely used casino payment solutions in the world.
Another option for Danish players is to set up accounts with rival e-wallet provider Neteller. The latter was created in 1999 but has greatly expanded its operations since then, reaching customers in over 200 countries and enabling them to carry out fast transfers without exposing their personal or financial information at risk. Neteller offers a user-friendly website that supports 15 languages, including Danish, which works to the benefit Danes who are not fluent enough in English.
Bonuses Geared Toward Danish Casino Depositors
One of the problems some Danish players may face when betting online has to do with bonus redemption. Some gambling websites accepting play from this jurisdiction either exclude Danes from bonus participation or enforce much higher wagering requirements on their bonuses due to the multiple instances of bonus abuse on behalf of customers from the country in the past.
Yet, this is not the case at all Denmark-friendly online casinos – many of the operators recommended on our website will gladly treat Danes to a variety of lucrative offers that aim to make their stay more enjoyable and rewarding.
Danish players can usually start with a welcome bonus that involves a first-deposit match or free spins, sometimes even both. We would like to warn Danes to read the bonus terms carefully if they are using Skrill or Neteller to fund their accounts because some online casinos do not allow bonus redemption on deposits conducted with these two wallets, again due to frequent bonus abuse.
All welcome and free spins bonuses come with wagering requirements that stipulate the free amount should be wagered a given number of times before a withdrawal of the winnings is allowed. We recommend Danes to read the terms carefully before opting in because there are many conditions to be met when claiming a bonus.
For starters, Danes should pay attention to the minimum deposit amount required for bonus redemption – those who deposit less than the stipulated minimum will have their first deposits processed without receiving the bonus.
Another condition to be wary of has to do with the excluded games and the maximum bet restrictions. In some cases, bonuses are granted only for play on certain titles and if you bet bonus credits on an excluded game, you automatically have your bonus forfeited. Maximum bet restrictions are typically enforced on free spins bonuses where the wager per spin should not exceed a given amount.
When selecting a bonus, Danish players should examine the wagering requirements and check the expiration time of the offer they are interested in. If the wagering requirements are too steep, the players may not be able to cover them in the designated time and will lose their bonus-associated winnings.
Many gambling operators are more than happy to treat Danish players to reload bonuses on subsequent deposits. Cashbacks, where the player has a percentage of their losses restored to them, are also commonly available. Danes may also be rewarded for their play with comp points as part of the casino’s loyalty program, with the option to exchange them for various perks like faster withdrawals, higher deposit limits, free play, and sometimes even cash.
Denmark Casino Payments FAQ
All of the deposit options we have recommended above allow for instant deposits, with the funds hitting your casino balance within a few seconds. Most gambling operators would also accept deposits via bank transfers and checks but we do not recommend Danes to resort to these methods since they are way too time-consuming taking up to 10 business days, sometimes even more.
The banking details of Danish players are secure as long as they have registered at a trusted regulated casino with a valid license. The sites recommended by CasinoGamesPro all operate under the licensing and regulations of respected authorities so you cannot go wrong if you choose one of them. These reliable casinos protect their customers’ information with SSL encryptions making it impossible for ill-intended persons to hack players’ accounts. What is more, the catalogs of these trusted casinos have been tested by accredited auditors to ensure fair play.
This all depends on the gambling operator as well as on the method used when cashing out. <strong>The withdrawal request must be evaluated and approved by the financial department of the casino</strong> – a process that may require up to 72 hours with some operators. Our observations are that Danish players will rarely have to wait for more than 5 business days when they cash out with some of the above-listed banking methods.
This depends entirely on the online casino a Danish player is gambling at. Some online casinos use the so-called manual flushing where the requested funds are “flushed” out of your account’s balance for good, so that it is impossible to reverse the payment if you get tempted to play with your winnings after requesting to cash out. Some casinos may agree to flush your withdrawal upon request if you are a loyal customer.
However, many gambling operators have adopted the practice of having customers’ withdrawals pending until approved, making the reversal of the payment possible. This is all good if you can control yourself but unfortunately, some players would reverse their withdrawals to continue playing with their wins out of sheer boredom. Our advice to Danes is to choose a manual-flushing casino just to be safe.