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Swish in Swedish Casinos
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Sweden has seen a lot of changes in online gambling laws, yet there are still so many online casinos that Swedes can freely access, most of them offering Swish for deposits and withdrawals. This mobile payment app, launched by leading Swedish banks, has revolutionized the way online transactions are made between users from the country, facilitating their everyday payments and purchases. Thanks to its ever-growing popularity, the solution has managed to get offered by leading online casinos that cater to Swedish players, and that's why today, we offer you a chance to learn more about it. What is Swish and why decide to use it across Swedish online casinos?
Online Gambling Regulation in Sweden
Online gambling has been legal in Sweden since 2002. Basically, as soon as the industry went online, Sweden was among the first European countries to embrace it. On its own terms, though. What happened was that Sweden decided to monopolize the market and put Spenska Spel, the state-controlled operator, in charge of the online gambling offering. The country was not interested in liberalizing the market, and that’s why at the time, offshore operators did not get a chance to penetrate the market.
And it all went well at the beginning, that is until the EU intervened. Apparently, Sweden went against everything the EU stands for, in terms of online gambling regulation. The European Union values free trade and friendly competition, and all EU member countries must allow free access to operators that are based in EU countries. And since Sweden is an EU member country, it had to lower its guard. This did not happen until the EU Commission sued the country, though, in 2014. Forced to change its framework, Sweden took its time to put things into perspective, and in 2019, its monopoly finally ceased to exist and the market was liberalized, allowing offshore operators to apply for and obtain a license to offer online gambling in Sweden.
As soon as the Gambling Act took effect, the Spelinspektionen (the Swedish regulator) started accepting license requests, granting, suspending, and revoking licenses. In charge of monitoring the industry, the regulator proved to be a tough one, just like the renowned UK Gambling Commission, ensuring proper player protection above all. Illegal operations in the country are practically impossible, for as long as the Spelinspektionen is concerned.
Anyway, a great number of operators and software developers managed to obtain their license and keep it. That’s why as a Swedish player, you have access to hundreds of online casino sites licensed by the Spelinspektionen. You also get to play the most popular games in the industry, like award-winning slots and state-of-the-art Live Casino games, provided by industry-leading software providers like Stakelogic, Play’n GO, Pragmatic Play, and Evolution. The only thing you need to decide on when it comes to the site to join is its payment methods list.
While you have a variety of global payment methods at your disposal across licensed Swedish online casinos, you should be aware that you also have local options to check out. One solution that grows in tremendous popularity in Sweden and across legit Swedish online casinos is Swish. You will basically find it offered across most, if not all, online casinos licensed by the Spelinspektionen because this is a trustworthy, well-respected, and effortless-to-use mobile payment app, backed up by leading Swedish banks.
At the moment of writing, it has over 8.5 million users, and that speaks volumes about its reliability. It is only offered in Sweden, therefore, it goes without saying that transactions with it are processed in your local currency, the Swedish krona, so you have no excuse and you must give it a go. But first, stay with us to learn more about Swish and its history and milestones, and learn how to start using it across the best Swedish online casinos.
Casinos for Players from Sweden that Offer Swish
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Using Swish Across Swedish Online Casinos
The idea behind Swish was born out of the necessity for an app that would facilitate the way friends or family pay for their share at a joint dinner. Its creators saw the need to create a solution that would allow private users to make easier steps to make their payments and purchases and receive money likewise. So, in 2012, thanks to the cooperation of six leading banks in Sweden, SEB, Danske Bank, Swedbank, Handelsbanken, Sparbankerna, and Länsförsäkringar created Getswish AB and launched the mobile payment app.
Each of the banks is responsible for the terms, offers, and possible charges for the mobile payment service, but essentially, the service is pretty cost-efficient and convenient to use. Just a year after its launch, the solution won the award “Mobile Payment of the Year” which only confirmed its position as a leading mobile payment app in Sweden. In 2014, the service was launched for organizations and companies, and the next year, it already counted over 3 million active users. In 2017, QR codes were launched, making the payment process even easier, and in 2020, the “Requests” feature was introduced, which allowed users to be able to receive payments, too, not only send them. That is when the solution got even more popular across Swedish online casinos, as with it, both deposits and withdrawals in Swedish krona can be made.
Speaking of its popularity across Swedish online casinos, as mentioned, the solution is a real star. For the better part of its 1 billion payments in 2023, the solution was used for online casino transactions, since it is offered across most, if not all, Swedish online casinos. To get started with it, you just need to go through some pretty easy steps. You need to download the Swish app, either from Google Play or Apple App Store, depending on your device. Next, you need to enter your bank app or sign in to your internet banking profile to connect your phone number to one of your bank accounts. Download the Mobile BankID app if you don’t have it, as well, as you’ll need it to identify yourself.
To send money via the app, you just need to press Swiss on the home screen of the app, enter the phone number of the person/company you wish to send to and the amount you wish to send, and identify yourself with your Mobile BankID. Or, you can just press Scan to access your own scanner, point it to the QR code, and use your Mobile BankID to identify yourself. To request money via the app, you need to go to the Requests tab, enter the phone number of the person/company you wish to be sent money from, and the amount you request. Press Send and that would be it, the request will be sent. When the request is approved, just press Yes to accept it and receive the money.
Now that you know how easy it is to get started with and use, you’re probably ready to learn how it actually works in practice, for deposits and withdrawals across Swedish online casinos. Follow our lead and we’ll guide you through the processes, in the next section.
Deposits and Withdrawals with Swish
We already said that so many Swedish-catering online casinos have expanded their options for deposits and withdrawals with Swish, so you will certainly have at least a dozen of sites to your preference to check out and join. Explore their offerings, and make your decision on the right site to join.
After you do that, register your player account with the chosen site. Enter the required personal details to create the account, and to make a deposit with Swish, just do the following:
- Head over to the Payment Methods page on your player profile.
- Check out the Deposits section, find Swish's logo on it, and press it.
- In the pop-up, you’ll see a QR code; scan it via your app. Or, enter your app to send the money manually, by entering the casino’s phone number.
- Specify the amount you wish to transfer and use Mobile BankID to confirm your request.
- In real time, the funds will arrive at your casino balance.
Withdrawals with Swish are possible, as explained earlier, via the Requests feature. The whole procedure is pretty intuitive, so let’s just go through it quickly.
After you get to the Payment Methos page on your player profile, and choose Swish as your withdrawal method, enter you’re your app and go to the Requests tab. Enter the casino’s phone and the amount you wish to receive. Press Send and wait for the operator to approve it. This could take a few minutes or up to 48 hours, depending on the casino’s withdrawal policies, as the operator needs to ensure that you have won enough and you can withdraw as much. When the request is approved, just press Yes to accept it and you’ll instantly receive the money.
Conclusion
Swedish players benefit greatly from choosing to use Swish across online casinos. Deposits and withdrawals with it are easy to request, instant, and cost-efficient, processed in the local currency, the Swedish krona. The solution is incredibly effortless to get started with and use and offered across a great number of Swedish online casinos, so the first chance you get, give it a try.
FAQs
Is online gambling legal in Sweden?
Yes, online gambling is legal in Sweden. The country legalized it in 2002, but initially, the market was monopolized. After the EU intervened, Sweden liberalized its market, putting the Spelinspektionen in charge of the industry.
Do Swedish online casinos have access to international online casino sites?
Yes, actually, Swedish online casino players have access to international casino sites, but only those that are properly licensed by the Spelinspektionen. Unlicensed sites are blocked and players do not have legal access to them.
Is Swish a payment method offered across a great number of Swedish online casinos?
Yes, most, if not all licensed Swedish online casinos are offering Swish. Mainly because it is a local payment method, available to Swedish users only, but also due to its popularity among Swedes, since over 8.5 million of them are using it for their daily payments and purchases. There are many other reasons why the solution is so popular across Swedish online casinos, so do not hesitate to try it out.
How do I know whether Swish is safe to use?
You can rest assured that transactions with Swish are 100% secure, as they are authenticated with the Mobile BankID. Since no one else knows this code, no one else but you can authorize the transactions. What’s more, the solution has been launched by top Swedish banks that keep transaction records to ensure that all of your money can be tracked and safe with it.
Who do I contact in case I have a question about Swish?
When you visit the Help page on its official website, you will see the FAQs divided into Help Sections, with the most frequently asked questions listed and answered for you. However, if you have other questions, you can always contact its Support team at support@getwish.se. Of course, you can also contact your bank or your online casino, in case you’re experiencing any problems with your online casino deposits and withdrawals with this solution.