Trustly Casino

About Trustly

This web-based payment method allows you to make payments from your bank account online without cards or apps. You can use Trustly for online shopping and playing your favorite games on the casino websites. It bypasses the card networks and its account-to-account network supports over 6,200 banks.

Trustly announced its strategic partnership with Wizz Air, the most sustainable and fastest growing airline in Europe on August 15, 2022. This was to provide low-cost, simple, and secure method of payment for the airline’s customers in Sweden, Denmark, Norway, Finland, and the United Kingdom.

Trustly was founded in Stockholm, Sweden, in 2008. After signing contracts with its first online retailers, the company completed its first round of investment in 2009. It launched the development of its second-generation technical platform and expanded geographically the following year. This enabled the company to grow its revenues by more than 200 percent.

It partnered with Groupon and PayPal in 2014. The company began offering its service of ‘Pay N Play’ to help the online gamblers to pay and play on the casino websites. Trustly was placed in the list of Europe’s fastest growing companies in 2017. It is authorized and supervised by Sweden’s government agency, Swedish Financial Supervisory Authority.

The company took its first step towards expanding across the Asia-Pacific region in 2020 by entering the Australian market. It sought a valuation of nearly $9 billion by signaling its intention to get listed publicly on Nasdaq Stockholm in April 2021.

Pros and Cons of using Trustly in online casinos

You can deposit and withdraw funds from your online casino with great convenience by using this hassle-free payment method. The amount of payment you can make using Trustly varies according to the currency used. It also varies according to the bank you’re having your account with. You can make your payments in real time and they’ll be deposited instantly into your online casino account.

However, withdrawals won’t happen instantly. It can take at least one or two working days for your withdrawal to be processed. Before choosing Trustly as your preferred payment method, you might want to consider its pros and cons.

Pros:

• It adds extra layer of protection to the process of making deposits
• You can enjoy faster transactions with Trustly when compared with the other e-wallets
• The company is regulated by the Swedish Financial Supervisory Authority
• This payment method is easier to manage than most e-wallets
• It is accepted in most online casinos

Cons:

• Some banks charge fees for Trustly transfers
• This payment method is not available globally
• A few online casinos might charge fees for using Trustly

How does Trustly compare to other payment methods?

When compared with the credit or debit cards and bank transfers, Trustly processes your transactions faster. The exact time taken for processing the transactions would, of course, depend on the online casino you’ve chosen and your bank. Although you’ll need to enter your bank’s credentials during the transactions, they are secured with Trustly’s strict authentication process.

The popular e-wallets offer deeper functionalities and have a strong customer support to assist you whenever you encounter any issues. You’re required to create an account and link it with your bank account, credit card, or debit card to start using these e-wallets. With Trustly, all you need to do is enter your banking credentials and the OTP that you receive on your phone.

Prepaid card transactions are also instantaneous in online casinos and they don’t require you to provide your sensitive banking details online. Despite these benefits, you can’t use prepaid cards to withdraw your winnings directly. Cryptocurrencies provide greater security and complete anonymity in online transactions, but they are not widely accepted in online casinos.

Fees

Trustly doesn’t charge fees on withdrawals and deposits. This gives you a good reason to choose this payment method for playing your favorite games in the online casinos. However, your bank might charge you a certain amount for using Trustly for payments. The online casino you’ve signed up with might also charge fees on the deposits or withdrawals made using this payment method.

This is why you need to be careful while choosing your online casino. Make sure that you go through the casino’s terms and conditions with regards to using Trustly as your preferred payment method. This will help you know if the online casino charges fees on Trustly transactions.

You can look for the online casinos that have extremely low fees on transactions made using Trustly. The best choice would be an online casino that charges no fees on the Trustly transactions. In this way, you can avoid losing a considerable portion of your winnings in the form of fees.

How to use Trustly for casino deposits

Trustly is a quick and efficient payment method for those who want convenience in their online casino transactions. Some casinos that accept Trustly don’t require you to create a player account, although they are available only in a few countries. Such casinos save your time by allowing you to skip the lengthy verification processes that you usually come across in regular online casinos.

To make your deposit using Trustly, you’ll need to log in on your casino website. Once you’re logged in, navigate to the cashier, banking, or payments section. The next step would be to choose Trustly as your preferred payment method and key in the amount you want to deposit. Choose your banking service provider. You’ll then need to sign in to your bank account using the required banking credentials.

Next, confirm the transaction and your amount would be deposited instantly into your online casino account. In some cases, the amount will take some time to reflect in your casino account. This depends entirely on the online casino and the bank you’ve chosen.

How to use Trustly for withdrawals

Withdrawing your winnings using Trustly is just as easy as depositing funds into your online casino account. Before making the withdrawal, you’ll need to see if your online casino has a maximum or minimum withdrawal limit. You’ll be able to understand the rules associated with withdrawals by going through the terms and conditions of the casino.

Once you’re absolutely sure about the terms of your online casino’s withdrawal process, log in to your casino account. Head to the cashier, banking, or payments page and select the option to withdraw your winnings. Key in the amount you want to withdraw and choose Trustly as your preferred method for the withdrawal. Next, select your banking service provider.

Upon proceeding further, you’ll need to sign in to your bank account using your banking credentials. The next step would be to confirm the transaction. You’ll get the amount in your online casino account. It might take a couple of working days for the amount to reflect in your account depending on your bank.

How secure is Trustly?

Trustly has a European Payment Services Provider (PSP) license, which is in accordance with the Revised Payment Services Directive of the European Union. Besides, it is authorized and supervised by the Swedish Financial Supervisory Authority. The payments done using Trustly are secured with a strong two-factor authentication.

The banking credentials that you’re required to enter in the Trustly transactions are strictly in accordance with its terms and conditions. They are transferred to your chosen bank by using a highly secure connection. Trustly is an officially licensed company that follows stringent rules of online safety and privacy. The credentials that you enter are never stored by the company.

For additional safety and security of your transactions, you’ll need to choose an online casino that uses the latest encryption technologies. The casino’s website must be capable of securing and protecting your account against online fraud.