Trustly is a popular open banking platform where users can make deposits and withdrawals from their online bank account without having to use a card or an app. At Green Betting Sites across Ireland we like to provide an array of options to people and reviews alongside. Here’s what you need to know about casinos that accept Trustly.
Trustly for Online Casinos
Trustly is a Swedish company that was founded in 2008 under the name InstantBank. Since then, it has spread its wings across various European nations, with its primary hub situated in Malta. Regulated and overseen by the Swedish Financial Supervisory Authority, Trustly extends its services to numerous corners of the continent, boasting millions of users.
Trustly’s mission is to make online payments instant or at least as fast as possible. Traditionally, bank transfers can take several days to process, but with a Trustly casino, payments are usually instant, which is one of the reasons why it is so popular.
To use Trustly, you simply need to log in to your online bank account and authorize the payment. Trustly then takes care of the rest, securely transferring the funds to the recipient’s account.
How Does Trustly Work in Online Casinos?
Making payments at online casinos that support Trustly casino is relatively easy. To make a deposit, simply specify the amount you want to add to your player account. You’ll then be presented with a list of banks available in your region Select your bank and log in using your online banking information. The money will then be transferred to your online casino account instantly.
Please note that not all banks are supported by Trustly. If your bank is not listed, you will need to choose a different payment method. However, Trustly has a wide range of supported banks, so you should be able to find one that works for you.
In the next step, you’ll have to enter the same information that you used to log into your bank’s online banking system. This includes your username, password, and two-factor authentication code. You will also need to select the account that you want to make the payment from.
This allows you to make a bank transfer without leaving the online casino’s site. The online casino will redirect you to a secure Trustly page, where you can enter your banking information. Once you have confirmed the transaction, the funds will be transferred to your online casino account instantly.
The withdrawal process is similarly quick and straightforward. While withdrawals take more time than deposits, they are still relatively fast than other payment methods such as credit cards and bank transfers, which can take several days to process.
ADVANTAGES OF USING TRUSTLY FOR ONLINE GAMBLING
If you’re a seasoned gambler or just starting, it is important that you choose the right payment platform because it will go a long way in determining your online gambling experience.
Some of the advantages of choosing Trustly as a preferred payment option are:
- Speed: If you’re looking for speed, Trustly is reliable in that aspect. Transactions are swiftly processed which allows users to have immediate access to the funds they deposit for their gaming activities.
- Security: It makes use of encryption to prevent fraud and ensure top-notch risk management measures. The reason for this is so that players can confidently make transactions knowing their personal and financial data is secure. In fact, it provides a 3-D secure authentication for transactions.
- Ease of use: It has a simple and easy-to-use payment method that doesn’t require cards. Players can make transactions directly from one account to the other without going through a complicated process.
- No Transactions Fees: Trustly doesn’t charge players for making payments, unlike others such as PayPal, but may require a merchant fee, which is usually lower than other payment methods charge.
- Globally Accepted: Trustly is accepted globally in more than 30 countries in the world. It is also accepted among online merchants, and popular online casinos, sportsbooks, and other gambling sites.
- Easy Deposits and Withdrawals: Trustly has an easy to use and understand deposit and withdrawal method. Especially in the UK, it makes use of several banks which players can use to withdraw their earnings without incurring extra charges and they can also deposit their funds without using cards.
- Compatibility with different devices: Trustly has a user-friendly interface for any kind of device. It is compatible with personal computers, smartphones, or tablets. This is an advantage because players can easily navigate the platform with ease, access their accounts and make transactions easily, irrespective of the platform they’re using.
- Currency Convenience: Player get to make transactions using their own local currency rather than going through the prices of converting it. All you need to do is select the currency you want and start making deposits or withdrawals.
- High Maximum Withdrawal Limits: Trustly has one of the highest maximum withdrawal limit for players, it is at €10,000 per day – similar to Crypto casinos.
CONS OF USING TRUSTLY FOR GAMBLING
Trustly is a great option for online payment, however, it also has its disadvantages.
Some of these are:
- Availability: It may not be available at some online casinos, especially in some countries or regions. Make sure you verify its availability in your region before choosing it as a preferred payment option.
- Currency Conversion Fees: There might be some issues with the currency conversion rate. Therefore you must read through their policies, and check all aspects of it before using it at an online casino. In some cases, some financial institutions may charge an amount for the conversion.
- Inactivity Fees: If a user opens an account but did not use it for a long period, Trustly may charge some transaction fees (For example, it is 900 days in the case of Betway)
- Restrictions on Bonuses: Though Trustly is not responsible for this, there are cases where some bookmakers choose to not give welcome bonuses to users that use Trustly. As a player, you should make sure you verify this before choosing to register with an online gambling site so you can choose the one allows you to claim bonuses after a deposit.
- Security Concerns: Trustly has a secured Trustly payment method via the platform, but the world has evolved so much that any form of online transaction is a risk. Ensure you verify the security measures and the reputation of the online gambling site you are using to prevent scam or fraud.
- Limited Information on Downsides: Though Trustly is widely used by many reputable online gambling sites, there might be some specific disadvantages or issues that are not widely discussed because the advantages are numerous.
Trustly is a reliable platform for a secure, convenient, easy and efficient way to perform online transactions with gambling sites.
Always confirm that the online gambling site offers it as a payment option for a seamless and exciting user experience.
What about Safety Concerns?
Trustly is known to be a safe and secure payment method. As with any other form of payment, people are bound to be skeptical about entering their banking information on a third-party website. However, Trustly is a licensed payment institution that follows strict rules regarding privacy and security. When you make a payment with Trustly, your credentials are forwarded to your bank through a secure connection and are never stored by Trustly.
Some of the security measures they take to protect your data include using 256-bit SSL encryption to protect your data during transmission and being PCI DSS Level 1 compliant (the highest level of security certification available).
No-account Online Casino Sites
Trustly is a popular payment method for no-account casinos. These online casinos allow players to play without creating an account, which is why they are often called “instant play” or “no-registration” casinos. These Trustly casino sites are possible due to the ability to safely identify people using identification information connected to their bank accounts. This information is used to verify the player’s identity and age and to prevent fraud before sending money to a bank account.
Trustly stands out as a primary payment method for this task due to its direct link to bank accounts. This feature enables swift and dependable deposits and withdrawals, a process that might otherwise be time-consuming with conventional bank transfers.
However, it is important to note that no-account casinos are only available in certain countries. At the time of this writing, these casinos are only accessible in Sweden, Finland, and Germany. Despite their limited availability, they have gained significant popularity in the online gambling community. This is primarily due to their time-saving nature, enabling players to bypass the often cumbersome verification processes associated with traditional online casinos. Verification in these online casinos is streamlined through BankID, eliminating the need for additional verification steps.
No-account casinos are not for everyone. Some people prefer the experience of creating aN online casino account in a conventional manner, and others may not be able to use no-account casinos because they are not available in their country. However, Trustly is available and reliable in both cases.
Tips to Pick the Right Trustly Casino
Picking the ideal Trustly casino can be straightforward or challenging, depending on the extent of your preferences. All the best online casinos listed here offer the option for players to conduct deposits and withdrawals through Trustly. If this is your sole criterion, you can confidently choose any online gambling platform listed under the “Recommended” tab. This section features trustworthy licensed online casino that cater to players from your region and accept Trustly.
If you have more specific preferences, you can use the “Newly opened” or ‘’Big Brand’’ tabs to narrow down your search. The “Big brands” tab will show just the biggest online gambling sites, while the “Newly opened” tab will show you fresh sites that may have interesting bonuses and modern features. You can also use the advanced filters to further refine your search.
For more tips, read out comprehensive online casino reviews in order to make an informed decision about reputable online casinos that accept Trustly and other payment means.
