Trustly is a payments processing company founded in 2008, in Stockholm, Sweden. Since the opening, the company managed to process more than 10 billion euros. At the moment the company hires more than 200 employees in 9 different offices around the world. It has many awards and certificates. The last is TÜV certification earned for data protection in Germany. Knowing the high TÜV and Germany standards, the customers can be sure – Trustly is the company one can trust.
Furthermore, Trustly Group AB is an authorized Swedish payment institution under the supervision of the Swedish Financial Supervisory Authority (Finansinspektionen). It conducts payment services in accordance with the Payment Services Act and can provide cross-border payment services within the European Union.
Trustly always develops and implements new technologies. The last one – Pay N Play product which became very popular and beloved within the gambling community and online casinos.
Moreover, the company dedicated a lot of its attention to security, probably the most important things when we talk about payments and banking.
Here are the online casinos that accept Trustly:
How does it work?
It’s very simple so even a newbie can make the payment hassle-free. The payment can be done within a few steps when it goes through Trustly.
- Select the bank you use and login as normal.
- Choose the account for the payment.
- Confirm the payment with your preferred authentication method used for online banking.
It doesn’t take more than a few minutes, also is extremely secure and convenient. The user does not need to remember many passwords.
What opportunities does Trustly give?
This payment method and its Pay N Play feature have opened totally new opportunities for online casinos and other online gambling venues.
Firstly, it helps users to save a lot of time. Knowing the fact that most people use banks and get their income there, Trustly helps to avoid making transactions and transfers to e-wallets or other payment alternatives preferred by the casino. Also, it saves customers from carrying the cards and remembering tens of passwords.
Secondly, Trustly laid the foundation for no registration casinos. Which are also really great time savers and at the same time provides the players with a much higher level of privacy.
Finally, the company enables completing KYC and AML within the same payment. So online casino does not need to ask the player providing ID and other documents for verification. This is one more point where Trustly helps to save time.
Does Trustly work on smartphones or tablets?
Of course, it does. Trustly is designed so that it works on any smart portable device. Also, it does not require any 3rd party software or applications. It can be opened on any browser.
Is Trustly secure?
Yes, it is. The company gives a lot of attention and efforts to ensure the security of customers privacy and funds. Since it is based on online banking, it is much more secure compared to credit cards which are fairly unsafe, especially when cards’ details are revealed or leaked. Bank cards fraud is increasing enormously and costs roughly €1.8 billion in Europe every year. Trustly allows to avoid using bank cards but still letting the payments from the user’s bank account.
Moreover, Trustly does not store and collect any personal or other sensitive data. It also never stores or saves passwords.
Plus, Trustly is fully PSD2 compliant. It’s the Payment Service Directive regulating payment services providers.
Is it fast?
Yes, it is blazing fast. The payment is processed at the same moment the user confirms and verifies it. And it does not take more than a couple of minutes. Trustly is instant!
However, the timeframe may expand due to different bank authentication methods.
Do I need to open a Trustly account?
No, you do not need to open any accounts and Trustly never asks for that. It is only a gateway for making a payment. The user is asked to enter his bank’s login details in the bank login page but it is not connected to the Trustly, furthermore, it never gets your ID or password.
Can I use Trustly for online casinos payments?
Yes, sure. Chap wouldn’t write about it otherwise. In this page, you will find all the online casinos which accept Trustly as a payment option. It may work for the deposit only or both ways – for making a payment and withdrawing your winnings. Fortunately, Chap has covered that and you will find this information in each casino review, under the corresponding sections.
Furthermore, some of the online casinos do not require to register and open an account since the player uses Trustly. However, due to different regulations in each country, it is only available for the residents of Germany, Sweden and Finland. Here is the full list of no account online casinos.
How long Trustly deposit and withdrawal take?
It is almost instant. Well, all the time a user need is only for entering bank logins and verifying the payment. Funds are transferred instantly.
The same story goes with withdrawals, the funds reach the user’s bank account almost immediately. However, it depends on the online casino which may perform some verification procedures or it says that Trustly withdrawals take fixed time interval.
What countries does Trustly support?
At the moment of this article is being written Trustly works in the European Union countries only:
- Czech Republic
- United Kingdom
What banks does Trustly support?
That very depends on the country the user is from. However, many banks operate in more than one country so just to name a few huge titles this payment option works with:
- Deutsche Bank
- Danske Bank
- ING Direct
- And many more…
To find the full list of supported banks, please visit the official Trustly website and select your country. The number of banks working with this payment processor is very long.
All in all, Trustly has changed the way we make payments. It is more secure, faster and especially convenient.
The new Pay N Play technology dedicated to online casinos has brought us to a totally different experience. Now the players can enjoy a higher level of privacy and speed. At the same time, we can all enjoy lightning-fast withdrawals.