A Swedish electronic identification system has been very popular recently. It started back in 2003, and it is one of the most widespread solutions across the Scandinavian countries. It was only natural that the online casinos will incorporate this as a payment method.
BankID for Casinos: How it Works
The process is rather straightforward. All you have to do is connect your BankID or Mobile BankID with the website by entering your social security number (or as they call it, the national identity number) when registering for a casino. Depending on the casino, you can do that after the registration process when you need to connect a payment method to make your first deposit.
BankID makes the transaction and verification process lot easier as it verifies your identity and speeds everything up.
Which Online Casinos Accept BankID?
There are not many casinos which accept this method, although many plan to include it as soon as possible. The casinos which have a lot of players from Sweden, Norway, and Finland were the first to integrate this system into their platforms. At the moment, the four casinos which are working flawlessly with BankID are:
You can select the one from the list that you like the most and test it with your BankID.
BankID for Casinos: How to Deposit and Withdraw?
One thing is for sure – we are going to see more of BankID in the future, as it has proven very useful and secure for many Scandinavian casino players. However, it is not a payment method per se, although it can help with speeding up payments. It is connected to your bank, and you only need to verify transactions in order to deposit and withdraw in a matter of seconds. That’s pretty much it when it comes to deposits and withdrawals – all is automated, and you are there to put a finger on your phone, let it read your fingerprint, and authorise the transaction.
You should make a distinction – this is not an e-wallet such as PayPal. BankID is directly connected to your bank account, and you can watch how money comes and goes from your balance through the mobile BankID.
BankID for Casinos: Safety & Security
Safety and security are the reasons why BankID was made in the first place. It uses the cutting-edge security protocols which make sure that your data and info about you is not revealed to anyone. Furthermore, BankID ensures secure transactions to and from casinos.
The reason for such a high-security standard is because it is used by Swedish banks as well – the banks are the BankID providers, and it is in their interest to keep everything nice and secure.
The point is – there is no need to worry about possible security breaches as these never happened in the past, and the banks will make sure that it never happens in the future as well as they are continuously upgrading security systems.
- Safe and secure
- Connected directly to your bank account
- There are no fees when depositing and withdrawing
- Available only in Sweden, Norway, and Finland
There is basically no customer support that is related to BankID. If you have trouble, you should contact the bank where you have an account connected with BankID.
BankID is instant. It only takes a couple of seconds before the money is successfully deposited or withdrawn.
It’s free to open up a casino account with BankID, and there are no additional fees.
As far as we know, the supported currencies are the ones that are offered by your bank. But our wild guess is that Swedish Krona is the most used one.
Similar electronic identification systems exist in other countries. However, the Scandinavian countries only use Bank ID. Alternatives include credit cards, debit cards, e-wallets, and cryptocurrencies.
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