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They did this because they realised there was a gap in the market: at the time, there wasn’t a reliable and secure way for people in Germany to carry out online transactions. With Sofort Uberweisung, they could do just that.The payment method quickly becomes the preferred choice for many living throughout the country. In fact, it’s Germany’s most popular option for making online payments. Thanks to the payment method’s popularity, it’s been launched in ten other European countries to great success.Initially known as Payment Network, today the payment method goes by the name of Sofort Uberweisung; in English, it’s Sofort Banking. There are tens of thousands of websites where you can use this payment method, with more than two million transactions carried out every month.Making Payments with Sofort UberweisungIf you’d like to use Sofort Uberweisung for online gambling, you’ll be pleased to learn that it’s an easy enough payment method to use. All you need is a bank account and an account at the casino or betting site.Once you’re ready to deposit some funds, have a look at the site’s list of accepted payment methods and choose Sofort Uberweisung. Enter the amount of money you wish to deposit and select the bank you have an account with – the banks listed will all be ones connected to the payment method’s network.Then, you’ll be taken to a separate page to carry out the actual transaction. Here you’ll have to fill out a short form and enter both your PIN-code and your TAN – TAN stands for Transaction Authentication Number and is a unique one-use code generated and provided by your bank. After entering all these, your deposit will be confirmed and will be on its way to your casino or betting site account.When it comes to withdrawing money, you carry out the same procedure to have funds transferred back to your bank account. ProsOne of the main advantages of Sofort Uberweisung is that when you use this payment method, you don’t have to provide the online casino or betting site with your personal details. The only thing the gambling site will receive is your money. In other words, you don’t have to share any of your personal or financial details, which many would appreciate.Also, transactions made with Sofort Uberweisung are instant. Whenever you use this payment method to top up casino or betting site accounts, the money should appear in your account ready to use pretty much straight away. Withdrawals made with Sofort Uberweisung are also just as fast, though bear in mind that some casinos have longer processing times than others. Some, for example, take less than 24 hours, whereas others take up to three working days. Once your withdrawal request has been processed, if you’re using Sofort Uberweisung your money should reach you not long after.Sofort Uberweisung prides itself on being a particularly safe and reliable payment method. In fact, since launching in 2005 there has never been a single case of identity theft or user details being compromised in any way. This excellent safety record is part of the reason why so many people have chosen to use this payment method over others.Finally, when carrying out transactions with Sofort Uberweisung there’s no need to set up an account or download anything. The payment method simply acts as a bridge of sorts between your bank account and the account of the casino or betting site you want to gamble at. ConsWhile Sofort Uberweisung is a secure payment method to use, there are a few disadvantages to bear in mind. If you’re going to use this payment method, your bank has to belong to the Sofort Uberweisung network, otherwise, you won’t be able to carry out transactions.Also, some gambling sites will accept it for deposits, but not withdrawals. In this case, you’ll have to register a second payment method to your account in order to withdraw your funds, or you’ll have to use a bank transfer.There may also be some fees, though if there are any, they won’t be charged by Sofort Uberweisung itself; instead, it will be the bank or recipient of your funds that will charge you.ConclusionSofort Uberweisung is a convenient payment method that lets you transfer money from your bank account with ease. It’s widely used in Germany and a number of other European countries. If you’re on the lookout for a safe and quick way to fund your online gambling, this particular payment method is well worth considering. Remember, though, that you’ll need to have a bank account compatible with the payment method and that not everywhere will let you make withdrawals. Still, Sofort Uberweisung is a top choice and is one of the safest payment methods around. What currency does Sofort Uberweisung use? With Sofort Uberweisung being a European payment method available in several European countries, it should come as no surprise that it uses the euro. If your money is in a different currency, you should be able to convert it when carrying out transactions, though there may be a currency conversion fee applied. How many online casinos and betting sites accept Sofort Uberweisung? With the payment method being the most popular in Germany, you should find that the vast majority of German online casinos and betting sites accept it. Many of the gambling sites in other European countries where the payment method’s used will accept it as well. Is Sofort Uberweisung safe to use? The payment method is very safe indeed. It basically transfers funds from your bank account to your gambling site account and requires two passcodes (your PIN and a TAN) in order for transactions to go ahead. How do I find out if my bank’s compatible with Sofort Uberweisung? Simply visit the payment method’s official website. Here, you’ll be able to find a list of the banks that are compatible with the payment method. If your bank’s listed here, you’ll be able to use Sofort Uberweisung to transfer money to and from your bank account. From Betpal’s News September 23, 2020 How To Lower Your Losses When Playing Online Slots?Online slots, just like any other casino game type, cannot guarantee you winnings at all times. Does it mean you . . . Read More Casino September 10, 2020 Voice-Controlled Online Casinos – The New Big Thing?We are constantly looking for new revolutions, and casinos are definitely following this trend. Many online casinos are now starting . . . 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