Formerly known as InstantBank, Trustly is a Swedish payment processor with branches in Spain, Malta, Denmark, and Finland. Over 100 gambling websites today use Trustly. The company is fully authorised by the Swedish Financial Supervisory Authority and connects with most European banks in 29 countries, bringing services to more than 50M clients. This payment method makes it easier to transfer money directly from a bank account to your casino account.
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How Trustly works
Trustly is different from most payment processors since it is not an isolated account. Instead, it allows direct and smooth transactions between online casinos and banks. This means you get the much-needed security layer plus the convenience of an e-wallet without extra charges, complex verifications, or long waiting periods. To enjoy playing casino with Trustly, you must have a working account with one of the banks that the company supports.
To make a deposit into a casino account, go to the cashier page and select Trustly as the payment method. You have nothing to worry about, even if it’s a casino without registration. Go ahead and choose your country as well as your primary bank. The bank’s website will pop up and you can proceed with the payment there. Your financial information stays safe as it remains only between you and the bank.
Benefits of playing in a casino with Trustly
As explained above, the Trustly funding method is not only fast but also secure. The real transaction happens with the bank so your sensitive data cannot leak into the gambling site, allowing you to fund your bankroll anonymously. Often, betting sites that use Trustly don’t require registration. You simply log in with your normal bank account and follow the instructions. Then, you can start enjoying your favourite games.
If you love playing while on the go, you will benefit hugely because the service is designed for mobile users. You can download the casino app or play directly from the website through a smartphone, tablet, and iPad. In addition, there is nothing to worry about being on the wrong side of the law. You will be in safe hands because Trustly is licensed by the Swedish Financial Supervisory Authority.
What are the disadvantages of Trustly casinos?
Despite its availability in Europe, not every casino player knows about this Swedish payment system. Even if you log in to a casino without account, but aren’t familiar with the available deposit methods, you might not enjoy the full services. Another drawback is that you cannot use Trustly if you reside outside Europe. But you can always choose an alternative transaction method if this is the case for you.
While there are similar services for players residing in other countries, it is advisable to approach them with a sharp eye before making a deposit. Keep in mind that many bank transfer services do not allow you to withdraw your winnings. Most of the other withdrawal options allow you to transfer winnings into bank accounts, but for direct bank transfer withdrawals, this is where Trustly comes in.
How long is the withdrawal timeframe?
The exact processing period for withdrawals depends on your gambling platform. With Trustly, withdrawals occur instantly which is why it has become so popular. Winning a jackpot can happen in a matter of minutes, and people want their winnings as quickly as possible. For methods other than Trustly, you will have to wait a few days. With bank transfers, the processing times can even be up to a week.
To cash out winnings from a casino with Trustly, you simply need to proceed with your online banking through a Trustly partner. This is what you should do: Go to the Trustly Payout Express icon at the casino’s interface. Select the amount you want to cash out. A pop-up online banking window will appear. Fill in your banking information and confirm the transaction. The money will be deposited to your bank account immediately.
Other countries Trustly operates in
Previously, Trustly was limited to eight European countries. In 2013, the company extended its services to the majority of the EU region. Today, it’s available in countries such as Spain, Cyprus, Poland, Denmark, Czech Republic, Croatia, Scotland, Finland, United Kingdom, Ireland, Estonia, Latvia, Norway, Netherlands, Lithuania, Romania, Hungary, Portugal, Slovenia, Germany, Austria, Malta, Belgium, Bulgaria, Italy, and Sweden. If you live in any of these countries, check whether your bank partners with Trustly for online transfers.
Regardless of where you come from, Trustly does not charge money transfer fees. But your online casino could charge a fee for using the method. Furthermore, you should confirm from your bank whether they charge anything for making transfers with Trustly. The best part is that your transactions are protected by topnotch encryption technology. No gambling site can access private details that are associated with your account.
Summed up thoughts
The main reason why Trustly is so highly regarded is that it is an immediate bank transfer option. What better way to gamble online. You obviously want to start playing as soon as you discover a good gambling site. Similarly, it can be annoying to wait too long for your financial requests to be fulfilled. Trustly understands this problem, and its quick turnaround feature is specifically designed to solve it.