If you ever visit Sweden, you will probably be surprised by the huge popularity of Swish, a payment method used by more than 50% of the population. It is an extremely convenient service that allows you to send money to anyone as long as you know their phone number.
It was back in 2012 that Swish was launched, with the aim of allowing faster and easier money transfers between individuals. In order to use Swish, you must be a client of one of the service’s supported banking institutions. Luckily for the majority of the Swedish population, Swish works with major banks in Sweden, including Danske Bank, Handelsbanken, Länsförsäkringar, Nordea, SEB, Sparbanken Syd, Swedbank and Sparbankerna. Since numerous people in Sweden have decided to trust one of these big banks, many Swedish citizens have the opportunity to utilise Swish for their payments.
Thanks to the popularity of the payment method, many virtual casinos have also started accepting transactions processed via Swish. This way, Swedish players can easily top up their gaming balance and play their favourite games instantly.
How Does Swish Work?
Before you can start using Swish for your casino deposits, you have to complete a few steps. You will need to download the Swish app as well as the Mobile BankID app on your smartphone. As long as you have an account at a Swedish bank, you will be able to request a BankID, which is used for easy logging in to one’s online banking profile.
As mentioned before, you must be a client of one of the banks that work with Swish. The same applies to the web-based casino where you play, as this will be the only way you can make payments there via Swish. After installing the app, you will have to use your BankID to activate your Swish account. It is possible to switch between Swish accounts connected to several of the banks you use. However, you will have to use a different phone number for each Swish account. To make the Swish app as accessible as possible, Android, iOS and Windows Phone users can all download the application on their smart devices.
To use Swish at the online casino of your choice and across numerous merchants, both land-based and virtual, you will need to create a Swish account. For this purpose, you will need to use your Mobile BankID when you open your online casino profile. Later on, this will allow you to use the Swish app for your casino deposits.
Since it is a mobile app, Swish can easily be used at mobile casinos as well. If you have saved your Mobile BankID at the mobile casino where you play, the process of depositing via Swish will be just as easy and fast.
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Swish QR Codes
To further simplify payments, Swish also provides the option to use a personal QR code, which can be used when someone wants to send you money. Thanks to the scanner in the app, you can also scan the QR codes of other Swish users and transfer money to them in a much easier and faster manner.
Your QR code is automatically generated within the mobile application and you can easily find it by tapping on the profile icon on the home page of the Swish app. The payment application can scan only one QR code at a time. However, you do have the option to generate more QR codes by visiting the company’s website. You can also select whether your code should contain a fixed sum or a specific message.
When you wish to pay with a QR code, simply open the camera in the app or select the option “Pay” and tap the camera icon. Hold the camera in front of the receiver’s QR code, and all that is left to do is approve the payment by using your Mobile BankID. Your personal QR code does not have an expiry period, and it can be scanned an unlimited number of times.
Making Deposits at Online Casinos via Swish
One of the biggest advantages of using Swish is the ability to make fast, hassle-free casino deposits using the app. As mentioned previously, you have to save your Mobile BankID at the online casino where you play. You will also need to install the Swish app on your smartphone, as well as the Mobile BankID app, which will allow you to verify your payments.
To initiate a deposit, you will have to head to the cashier and pick Swish as your preferred payment option. The casino will provide the necessary information, and the next step will be to select the “Input” button. After choosing Swish as your deposit method, you may also be provided with a QR code that you can scan with the app. When you open the Swish app, you will have to confirm the details of the transaction. Once you are sure that you are sending the correct amount to the web-based casino, you will need to verify your deposit via Mobile BankID. After you have confirmed the transaction, your money will appear in your gaming balance immediately.
Swish allows you to save certain recipients as “favourites”, which will enable you to make future payments more quickly and easily.
Fees that Apply to Casino Deposits via Swish
The reason why Swish is such a popular payment method among Swedish people is the fact that it does not cost them anything. The app can be downloaded for free from the app stores of Google, Apple and Windows. Connecting your bank account to Swish is also free of charge, although there have been speculations that a few of the banks may introduce service fees for users who utilise Swish for their payments. As of now, however, you do not have to worry about any additional charges for using Swish.
Although it is possible to use a payment solution that does not impose surcharges, online casinos often require you to pay certain fees for making deposits via your preferred method. This is definitely not the case with Swish, as the casinos that accept payments via this option do not charge their members any extra fees.
When it comes to using Swish QR codes, you can also be sure that this service will not cost you anything either. Even if you decide to generate more codes, you will be able to do so without paying any surcharges.
Security Measures Taken by Swish
Even though having access to your money through your phone may sound a bit risky, you can rest assured that Swish is actually a very secure payment solution. The reason for that is the Mobile BankID verification that users are required to use whenever they pay via Swish.
You can consider Mobile BankID your virtual ID, which ensures that no one but you can verify your Swish payments. By installing the Mobile BankID app on your smartphone, you will be able to make secure transfers every time you initiate a payment via Swish.
In addition to this verification method, iOS users can also confirm their Swish payments using either the Touch ID or Face ID features of their devices. You have to make sure, however, that your banking institution accepts these iPhone options as valid verification methods.
You can be confident that Swish offers a high level of security since the company works only with major Swedish banks. This proves that the payment service is very trustworthy and that its users can feel safe when handling their money. As Swish is merely a mediator that links your bank account with the merchant you are paying, it does not store your bank details. This ensures an even higher level of security for your personal information and funds.
The Disadvantages of Using Swish
One of the biggest disadvantages of Swish is that casino players cannot use the service for their withdrawals. They will therefore have to look for an alternative method when they wish to cash out their winnings. Moreover, there are not that many casinos that support this deposit solution, which leaves Swedish players with a rather limited choice of gaming websites.
Despite a couple of shortcomings, Swish is still a very secure, hassle-free and fast deposit option for casino enthusiasts who enjoy playing online for real money. Since this method allows instant transactions, you can enjoy your favourite games immediately after topping up your gaming balance.
Conclusion
Swish is one of the most popular payment solutions in Sweden. While it was originally created to make it easier to send money between individuals, nowadays it is also a commonly used payment method at both offline and online merchants. Thanks to the secure and instant transactions the service offers, some virtual casinos have also started accepting deposits made through Swish. This allows Swedish casino devotees to top up their gaming accounts safely and in no time.
Company Contact Details
Website: www.getswish.se
Phone Number: +4670-696 00 51
Email: tekniksupport@getswish.se