Limited licensing information
Krofort is a relatively new payment method in Finland that allows casino players to make instant online bank transfers for deposits and withdrawals. It is a very convenient payment method, as users can complete transactions with their existing banking credentials. In this guide, you will discover what makes Krofort a popular choice among Finnish casino players, its legal status, and a list of casinos that accept it.
Payment blocking for offshore gambling sites in Finland came into force at the start of 2023. Payment blocks restrict outgoing transactions from players to gambling companies that the National Police Board has blacklisted. The government saw this move as an effective way to protect players from the harm caused by online gambling in Finland and to safeguard the current monopoly system.
The situation is set to change, as a new licensing system is expected to come into force in stages, with licensed online gambling sites starting to operate at the beginning of 2027. With the amendments, a new Licensing and Supervisory Authority will take over from the National Police Board, and players will get access to a wider repertoire of gaming sites.
That way, current PSP blocks will cease to exist, so you will be able to use the likes of Krofort to fund your casino account. For now, you might face restrictions with these types of payments.
Before a casino finds itself in our list of suggestions, it must go through a rigorous four-step review process. Here is what it looks like.
Krofort uses secure APIs to connect with banks and process transactions instantly; we review whether the online casinos support major Finnish banks through Krofort.
Krofort transactions are generally approved in real time, but we make sure to verify this by completing the entire registration and depositing process at casinos.
It is merchants who usually pay fees to Krofort, but banks may impose certain provisions on transactions. The transaction limits can vary from one casino to another, while EUR is generally accepted across online gambling sites.
Our recommended casinos implement a mobile-first approach, with some of them functioning under the Pay N Play model. That way, the entire gaming experience is streamlined by skipping the standard registration process.
Krofort is generally available for both deposits and withdrawals at Finnish casinos. This is a payment service provider that allows players to make transactions directly from their bank accounts without needing any card details.
You don’t need a separate Krofort account to make transactions at casinos. Here is how you can top up your account in just a few steps:
Withdrawing funds with Krofort is equally as straightforward as making a deposit. Note that prior to making your first withdrawal, casinos in Finland may ask for additional ID verification, which can prolong the process for up to a few days. After you confirm your ID, here is how you can get your winnings:
Krofort eliminates the need for manual transaction verification for casino partners, so it helps with streamlining financial operations. Payment-related queries are practically non-existent, the fee structure is a concern for merchants and not the end user. To get a better idea of how Krofort works, here is a short comparison table with standard bank transfers.
| Feature | Krofort | Bank Transfers |
|---|---|---|
| Speed | Usually instant, thanks to real-time confirmation | Can take several hours or days, depending on the banks' working hours |
| Fees | Free for consumers to use | Banks charge transaction fees for certain types of transfers |
| Transaction limits | Smaller transaction limits | Larger transaction limits |
Using Krofort as an online casino payment method in Finland can provide numerous benefits, from faster checkout processes to improved security:
Players can pay directly from their bank accounts without the need to enter any card details.
Transactions are processed in real time and bypass traditional hurdles seen in card transactions.
Every Krofort transaction is as secure as traditional online banking.
While Trustly has more established licensing, Krofort still delivers a smooth and reliable payment experience for Finnish players. Let’s compare the features of both banking options for online casino transactions.
Limited licensing information
Licensed by the Swedish Financial Supervisory Authority
Security concerns arise due to a lack of regulation
Trusted payment service provider with a proven track record
Convenient to use
Simple and convenient usage
Real-time transaction processing times
Real-time transactions
No additional registration is needed
No further accounts are required
Unlike certain e-wallets like Skrill and Neteller, Krofort deposits are generally available for casino bonuses in Finland. The range of offers can include rewards for both new and existing players, and here are a few frequent ones you can come across.
Welcome Bonuses
Offered to new players who have just made their first deposits, welcome bonuses are usually deposit offers with free spins. There might be more than one deposit bonus as part of a “welcome package”.
Free Spins
Free spins offer players a certain number of free rounds in eligible slots. To trigger free spin bonuses, you need to make qualifying deposits and their winnings are tied to wagering requirements.
High Roller
High roller bonuses can come in different forms: massive bonus match offers, high-value free spins, and other types of VIP rewards. To activate these offers, players must make larger initial deposits.
Cashback Offers
Cashback is a promotion where players receive a part of their lost stake back. Cashback deals can be received as bonus credits with small wagering requirements.
No Max Cashout
No max cashout bonuses don’t have withdrawal caps, which makes them more flexible than standard promotions. Regardless of how much you win, you will be able to withdraw the entire sum to your payment method.
No Wagering Bonuses
No wagering bonuses are real money rewards you receive to your account. These types of promotions are usually offered to existing players who are part of the loyalty/VIP programme.
In March 2023, the Finnish Consumer and Competition Authority reported that annually, Finnish players gamble up to €590 million on offshore casinos. Among Krofort Casinos, four types of casino games are the most prevalent, as outlined below.
Even though Krofort offers a streamlined way for players to make direct bank transfers to and from casino accounts, this payment service provider contains some notable flaws.
Convenient way to make bank transfers
Available for both deposits and withdrawals
Real-time transaction approvals
Secure payments
Rarely accepted in offshore casinos
PSP blocks may apply You can always rely on our recommendations for safe and legitimate Finnish casinos, but there are additional factors you must take into consideration before you opt for a casino.
Time Needed:
00:10
Device Required:
PC, Smartphone
Make sure to check the available banks during the checkout process when you try to make a payment with Krofort and see whether your financial institution is supported.
You can read online reviews by real users to see whether there are any delays in withdrawals. Check the general T&Cs of the casino to see more information on additional fees.
Check out the available promotions and read their bonus terms. See whether there are any restrictions for Krofort payments.
You don’t have much to lose if you make a minimum qualifying deposit and test the waters. That way, you can see how the transaction process looks and how you can claim bonuses to boost your bankroll.
Krofort’s security features will protect transactions and your sensitive data, but there are some security tips you can implement to boost your online safety:
Avoid public Wi-Fi networks, as they often lack encryption.
Krofort’s limited availability across casinos may require you to seek alternatives. If so, there are a number of other options you can explore:
Trustly
An online payment service that allows you to make direct bank transfers and is more available than Krofort.
Klarna
A buy-now-pay-later method that allows players to pay over time or in multiple installments.
Skrill
A digital wallet that offers players the chance to make instant deposits and withdrawals with just an email address.
Neteller
Similar to Skrill, Neteller facilitates instant international and multi-currency transactions without players needing to disclose bank account details.
Krofort is one of the latest additions to the Finnish payments industry, and naturally, it has a limited track record. Our review process concluded that it is a safe payment service provider that allows you to make instant bank transfers to casinos, and there are no reports of security breaches. If you found this guide useful, we invite you to check out our other reviews of casino payment methods for Finnish players.
Krofort’s payments are as secure as traditional online banking, so you can rest assured your transactions and sensitive data are protected at all times.
Although not available in all casinos, withdrawing with Krofort is possible. You will need to provide your online banking login details and account number.
Krofort doesn’t charge fees to users, but certain banks may impose transaction fees, which may vary, depending on the transaction size and type.
We didn’t encounter a case where casinos prohibit Krofort users from claiming bonuses, so yes, Krofort is an eligible option for casino promotions.
Other payment providers like Trustly are always secure and convenient options, while the likes of Skrill, Neteller, PayPal, and even cryptocurrencies add more anonymity to payments, besides speed.