Trustly is one of the fastest-growing online bank payment services in Europe. Let us find out what the advantages of using this payment method for online gaming are.
Trustly Group AB, simply known as Trustly, is a Swedish financial technology (fintech) company that offers online payment method solutions.
In the world of online casino gaming, it allows players to make secure deposits and withdrawals directly from their online bank account.
Essentially, Trustly completes the transaction on the player's behalf, and in doing so, accepts most fraud and credit risks. Therefore providing its customers with greater protection.
In this article, CasinoAward will explain exactly how to use Trustly for online gaming. We also check out its new Pay N Play® service and offer a list of licenced and regulated online casinos that accept Trustly payments.
Where is Trustly available?
Trustly was founded in Sweden in 2008, and it was here where it forged its reputation as a safe and reliable option for people wanting to make online payments. It operates under the supervision of the Swedish Financial Supervisory Authority, which helps to instil even greater confidence in this service.
Having established a solid customer base in its homeland, Trustly soon spread out to other Scandinavian countries, including Denmark, Finland, and Norway.
By 2016, Trustly was working with more than 100 banks in 29 European countries, such as Austria, Spain, Germany, the Netherlands, Ireland, Portugal, Belgium, and the UK.
The company also opened offices in Spain and Malta, which, of course, is the central hub for the online casino gaming in Europe.
Furthermore, during this outstanding period of growth, in which the number of Trustly casinos also rose dramatically, the company entered into a strategic partnership with PayPal.
In 2019, Trustly merged with PayWithMyBank. This is a US company offering the same service, so effectively now, Trustly is available on both sides of the Atlantic. For online gamblers in regulated states in America, this is tremendous news.
How Trustly works in online gaming
New consumer-based technologies need to be user-friendly, particularly for online casino payments, particularly because there is a wide demographic of players. Trustly ticks all the right boxes in this department.
- Go to the payments page and select 'Trustly'
- Type in the amount you want to deposit
- A list of banks will appear for your country
- Select your online bank and log in as you would normally do
- If you have multiple accounts, choose the one that you wish to use
- Confirm the payment with your preferred authentication method
- You are now ready to play!
The majority of Trustly casinos also accept withdrawals. The process is virtually the same but the money is moving the other way. How long it takes to reach your bank account depends on the casino operator's processing times.
Trustly Pay N Play® - What is it?
Pay N Play® is an innovative product developed by Trustly which removes the necessity of the player having to create an account before they play. A staggering 25% of players drop out during the registration process and only one third go on to make a deposit within 24 hours.
Trustly Pay N Play® has solved this issue by combining these steps. All a player needs to do when they enter the casino is to make a deposit from their online bank. Trustly verifies the identity of the player, and the relevant KYC information is forwarded to the casino that creates an account in the background.
Pay N Play® also allows for one-click withdrawals. Your cash will be back in your online bank account in under 15 minutes. Alternatively, you can leave some money at the casino. Simply, sign in again with your online banking ID via Trustly and pick up where you left off.
CasinoAward has noticed more Trustly Pay N Play® casinos, also known as no registration casinos, appearing, so clearly players are liking this exceptional product.
Casinos that adopt Trustly
|96%||0-5 days||8/10||Mr Green|
|96%||2-5 days||8/10||Slots Million|
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Advantages of Using Trustly
Using Trustly for casino gambling provides players with increased security and peace of mind. This is not to say modern online casinos are not secure in their own right. The governing bodies which regulate the online industry enforce strict protocols when it comes to personal and financial information.
Trustly removes the need for the player having to share any card details. Furthermore, you don't need a Trustly account, unlike if you were to use Paypal, Skrill or Neteller. This makes it one of the simplest options on the market.
Trustly makes its money from merchants (casino operators), not from you, so it is also cost-effective. And, now with Pay N Play®, you can get your winnings instantly. This is outstanding for players.
Trustly Video Presentation
Trustly is fast becoming a major force within this sector and after conducting this thorough review, we can see why.
Online players want as much protection as possible and Trustly offers a few more layers without any hassle of creating extra accounts and pre-funding external wallets.
We have no hesitation in recommending this payment option to our readers. It truly is first class.Last update: 11-01-2020