Trustly, If you’re looking for the best way to make deposits and withdrawals into and from your online casino account, then you may have come across Trustly as one of the casino payment options offered. Here we’ll explain what Trustly is and how it works to see how it matches up and compares to other payment options offered.
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What is Trustly?
Since 2008 Trustly has developed in Scandinavian countries, Sweden more precisely. The advanced banking infrastructure of the country allowed banks to cooperate and offer a system of online ID that works for many services. Still, transfers have to be done the traditional way – you log into your account and transfer money through SEPA or SWIFT systems which are pretty slow. Trustly, a fintech company built upon this system to quickly improve bank payments between businesses and customers through a simple platform and a mobile app.
Fast forward to 2014, and Trustly was marching across banks in the EU. The same year, it integrated PayPal, which meant interlinking the world’s largest online payment processing system with Trustly’s more local reach. Trustly is widely used in Scandinavian countries and the Baltic states; however, they operate across Europe. Its often compared to Payforit casinos, which are more popular in the UK. Currently, Trustly serves millions of customers through integrations with over 6000 banks on the continent. Online casinos are becoming a large market for Trustly since it enables players to transfer their funds and start playing quickly. This is also how Trustly UK appeared on the market, offering UK gamers a fast way to deposit and withdraw online casinos without transferring their data over, sometimes unsecured Internet connections.
For Scandinavian countries, this ID protection has been the main selling point since it enabled an online casino player to open accounts with online casinos and start playing quickly. For Trustly UK, things are a bit different; however, still, Trustly helps customers with the security of their data since they do not need to enter their credit card or bank account information.
Why Use Trustly?
Ready to make your online gaming experience even better? Many different eWallet and ePayment solutions are available to players on UK slot sites, including well-known brands like Paypal, Neteller, and Skrill. They are all secure and pretty straightforward to use, but not all are a simple as Trustly.
The great advantage of this cashier option is that you do not have to register to use it or share your debit card details. And provided you bank with one of their listed partners, the transactions are instant.
For all these reasons and more Trustly ticks every box for being fast, simple and secure, so you can start gaming ASAP.
The Trustly brand originates in Sweden and is authorised and supervised by the Swedish Financial Supervisory Authority.
The Trustly system simply facilitates a transaction between your bank account and the slot site operator’s account. Trustly, do not store the information required to access your bank account either.
What are more, both Trustly and your bank use extremely high levels of security to protect your transactions.
With all other electronic payment solutions, you are required to register an account with the provider. This is true partly because most eWallets are accounts where you can store your funds between your bank and your casino.
This is not the case with Trustly – the only details you will need to enter are the same ones you use to log onto and administer your bank account.
So you can start using Trustly right away at any new UK slot site where you see the payment icon.
Provided your bank has an agreement in place with Trustly, then your deposit transaction will usually be instant *. For withdrawals, your payment will be as quick as your casino is at processing it. If there is no pending period, then the money will appear in your bank account instantly.
*NOTE – Payments to and from HSBC in the UK take 24 hours.
In the UK, Trustly has agreements in place to work with 14 different high street banks. They are:
- Lloyds Bank
- Royal Bank of Scotland
- The Co-operative Bank
- Yorkshire Bank
- Clydesdale Bank
- Metro Bank
- Ulster Bank
NOTE: If your bank is not on this list, you will still use Trustly. However, any transaction may take 1 to 3 days to appear in your account.
How Do Trustly Casinos Work?
Usually, when you want to do a bank transfer, it takes a long time to fill in the information. Moreover, writing in an IBAN, which can have many digits, is annoying and begs a mistake. At the same time, the data can get exposed if the transfer is done via a third-party system and not directly from a bank’s interface. With Trustly, after connecting your bank account the first time, all these worries disappear since all one needs is to authenticate with Trustly, and the app does the rest. It’s fast and secure! It also works with land-based casinos, as the app supports NFC communication protocols which Trustly also developed for this purpose.
Online casinos work fast so you can start gaming more quickly – enter the Casino cashier, choose Trustly and fire up your mobile app to verify.
How to deposit in a casino that accepts Trustly:
- Choose a casino from our list
- Access the casino cashier section
- Select Trustly as your payment method
- Choose your bank and log in
- Verify ID with the 2-factor authentication method of your choice
Trustly can make payments faster in the UK but cannot register directly. You still have to enter your data and complete the account verification. It is a requirement from the UK Gambling Commission and is not avoidable. In addition, you must send scans of your ID documents before withdrawing or depositing more significant amounts.
How Safe is Trustly for Online Casino?
As mentioned, the 2FA authorisation Trustly has in place makes things much safer than entering your credit card details into a form. The reason is that you skip steps that hackers can use to thieve your personal data. You are not sending your credit card data over the Internet, even with reasonably secure connections, this remains an issue.
Can you Bet Using Trustly?
Trustly is among the many common ways to bet online in the UK. It works as an online banking service, so you don’t need to register. Instead, choose Trustly as your payment method, and fill in the form with your bank details. It is a quick and straightforward process that only takes a few minutes. Note that Trustly only allows deposits to sites that get fully licensed in their resident jurisdictions.
Why use Trustly to Deposit at Online Casino Sites?
Trustly is often a preferred method for depositing funds when gaming due to the speed and safety of transactions. Usually, when making a bank transfer, you have to wait two or three days for the funds to show in your account, but with Trustly, the credit displays immediately. The same goes for when you make a Trustly withdrawal at a casino.
Also, using Trustly means you don’t have to communicate your banking details to anyone. Instead, you log in to your online banking via Trustly’s secure portal, so you have your bank’s online security measures and Trustly security, which uses the highest encryption standard available.
How do I pay at Online Casinos Using Trustly?
Depositing at a Trustly casino is as easy as any other online banking transaction. First, head over to the payment section of your casino site and select Trustly Pay N Play as your preferred payment option. You’ll then be asked who you bank with and prompted to enter your online banking information and the amount you wish to transfer to complete the transaction.
Trustly Casino Minimum Deposit
Unlike some pay-by-phone casinos, Trustly does not have strict deposit limits, so the minimum first deposit amount is not set, the same as the subsequent deposits. Usually, it’s whatever the casino sets it out to be. Most casinos in the UK have a minimum deposit set at £10 or £20. If more money needs to get transferred, Trustly can handle it.
Trustly Average Withdrawal Limit and Payout Time
Withdrawal limits aren’t affected by using Trustly, but you will come across withdrawal limits set by online casinos. Usually, the smallest amount you can withdraw is around £10, and the upper limits can vary between £5,000 and £15,000 (on average).
Any withdrawal you make via Trustly will appear in your bank much faster than other payment methods. Your casino will take one to three days to process the withdrawal request, and Trustly will have your money back in your account almost instantly.
Trustly Withdrawals at Online Casinos
Unlike some other online banking methods, Trustly gets supported by many online gaming casinos for withdrawals. So, if you luck out and win a hefty sum, you can safely withdraw funds from your casino account at a Trustly withdrawal casino. You have to follow these steps to complete your withdrawal:
- Find the Cashier section at a Trustly withdrawal casino
- Select Trustly as your withdrawal method
- Enter your online banking details
- Confirm withdrawal request
None of our top-rated casinos here will charge you for using Trustly.
A few similar companies to Trustly charge a small percentage for using their instant transfer services, but Trustly is free of charge for payments and withdrawals.
Online and Mobile Payment
Thanks to Trustly, over 400 million European consumers can conveniently make a payment to a website via a mobile device. It applies to online (PC) and mobile (telephone, tablet) payments. Moreover, paying with Trustly is safe for customers. Trustly Group AB is an approved Swedish payment institution under the supervision of the Swedish financial surveillance authority Finansinspektionen. Trustly does not save the customer’s bank data.
Trustly never stores any information or sensitive data that can get used to access your account, and they adopt the highest encryption standards available. And that’s all on top of your usual online banking security.
Key Benefits of Trustly
Strong Coverage – Trustly has access to thousands of banks across some of Europe’s largest markets. Consumers’ preference for bank payments is robust, allowing merchants to sell more and faster.
Automated fast refunds – Trustly’s automated cross-border repayments encourage shoppers to become more loyal, increase their basket size and shop more frequently.
Instant confirmation – Unlike most bank transfer providers, Trustly not only sees when the funds are on their way but can also monitor the general speed of settlement, enabling you to offer same-day shipping with more certainty.
Pros of Using Trustly for Online Casino Transactions
Trustly hasn’t become one of the most popular banking methods among casino players by mishap. We think that the following reasons best explain Trustly’s rise to prominence:
- Deposits and withdrawals are available instantly with Trustly
- Obtainable in most European countries and the US and UK
- Trustly charges no fees for transactions (some online casinos charge money from players depositing and withdrawing money with Trustly, however)
- Easy to use
- Safe and private transfers
- It can get used on all smart devices
With these benefits in mind, it’s no wonder that Trustly has become the preferred casino banking method for many players. However, Trustly is not the best fit for everyone, and we understand that different banking options are more suitable for other players. Fortunately, you can find information about all online casino banking methods and the casinos that support them on our website. Compare different banking methods to find the best one for you by browsing through our ‘banking’ section.
Cons of Using Trustly for Online Casino Transactions
While we believe Trustly is one of the best online casino payment methods available, it also has some drawbacks:
- No customer support
- Not available in all countries
- Some banks and online casinos charge users for making deposits and withdrawals with Trustly.
Recap of the Advantages and Disadvantages of Trustly
- Extremely safe way to make online payments
- You can also withdraw using Trustly
- Transactions are immediate
- No user fees
- No need to set up an extra account
- Some casinos don’t offer deposit bonuses on Trustly deposits
- You need to have an online banking account
What is Trustly?
Trustly is an award winning Swedish payment solutions company that can facilitate faster and safer online transactions directly to and from your bank. Logging into your online banking account via the Trustly portal means never having to share your bank details with third parties and your funds are ready for you to gamble with instantly.
When was Trustly created?
Trustly was founded in Stockholm in 2008 as Glue Finance and Pay N Play was introduced to its services in 2016.
How to use Trustly to deposit?
When you use Trustly to deposit, you’re effectively just signing into your online banking account via Trustly’s secure portal. Select Trustly’s Pay N Play as your preferred payment method and select which bank you use. Login to your online banking as usual and confirm the amount you wish to deposit. Your funds will be credited to your new players account immediately.
Is Trustly secure?
Yes, Trustly is a very secure payment method. It offers you the opportunity to use your usual bank’s security plus further security measures that are put in place by them. Payments remain anonymous and sensitive data is never stored.
Are there any fees when using Trustly?
Surprisingly, there are no fees for using Trustly, from either the casino or Trustly themselves, although you should check with your bank to see if they will charge you.
What is the average payout time using Trustly?
Trustly have a very quick payout time as they process transactions in real time. Depending on the casino you use you may have to wait between one and three days for your payout to be processed, but then Trustly will get your winnings back to your bank account immediately.