The best Trustly Casinos
Trustly is a unique open-banking payment solution that allows for instant bank transfers and payments, making it an ideal payment method for online casinos.
Trustly is a Swedish fintech that was established in 2008 and is licensed by the Swedish Financial Supervisory Authority and as a European Payment Services Provider.
Unlike traditional payment methods for casinos, Trustly works somewhat differently. Trustly is an open banking solution which means it is directly integrated with 12,000+ financial institutions globally allowing for payments to be made instantly and directly to other banks, and funds can be received directly into your bank account.
This differs from other casino payment options in that you don’t need to first fund a wallet. As a Trustly user, you don’t even need to sign up or use the app to make payments, you simply log in directly into your bank account through the casino’s website.
With this direct connectivity into thousands of banks, adding, receiving, and transferring funds is smooth and eliminates extra intermediaries, fees, and excess forex fees, therefore, reducing overall transaction costs.
Trustly has pioneered various finance technologies and has become a disruptor in the traditional banking and online payment space. With their global network, casino players can enjoy seamless gambling experiences plus with the app a full suite of banking features too.
Pros and Cons of Trustly
Pros:
Simplicity – If the merchant or casino supports Trustly payments, you don’t need to enter lengthy payment information. You simply sign into Trustly from the casino site with your usual online banking credentials and make a payment.
Privacy & Security – There is no need to be concerned about privacy or security as everything is encrypted and because you are connecting directly to your bank, none of your personal information is ever revealed to any third party.
Zero Fees – There are no fees charged by the casino or Trustly and there are no monthly account fees. The only fees you may incur are standard transfer fees by your bank. Your payments can be made using whatever currency your bank account is held in, so there are no extra FX charges from Trustly. However, you should be aware that if there is any forex conversion, there will be fees typically charged by your bank.
Instant Deposits and Withdrawals – Casino deposits with Trustly are instant. Many casinos also offer instant withdrawals using Trustly, so your money will be in your bank account before you can say “jackpot”!
Pay N Play – This is an exclusive feature of Trustly that some online casinos have started implementing which allows players to skip registering and go direct to depositing. The casino gets all the relevant verification information from your bank. This makes the user experience and KYC process of joining a casino completely automated and hassle-free.
Cons:
Limited Countries – Trustly has been growing rapidly, however, there is still a limited number of supported countries.
Limited Bank Integrations – With the above in mind, there are also a limited number of banks that are supported.
Limited Casinos – Once again, a key drawback of Trustly is the number of online betting sites that offer Trustly as a payment method. While Trustly is rapidly gaining more momentum, it is going to take some years until it is widely available.
Casino Withdrawal Limits – Be sure to check the withdrawal limits for Trustly at your chosen casino as some casinos have limits that may not be favourable for you.
How to Use Trustly
Trustly works very differently to most casino payment methods out there and the fact you can get started without registering is one of the first major differences.
Depositing with Trustly into your casino account:
- Log into your casino account or join a new casino. Make sure the casino supports Trustly payments.
- Go to the Casino Cashier and select either “Trustly” (if there is a separate option) or “Bank transfer”.
- Select your bank from the list and enter the amount you wish to transfer and submit.
- You will then be prompted to log into your online bank account to confirm the deposit.
- Wait a few moments for the transaction to be processed and soon after your casino balance will update.
Withdrawing from your casino account using Trustly:
- First, make sure the casino offers Trustly withdrawals. The majority of Trustly casinos allow deposits and withdrawals.
- Go to the Casino Cashier and request a withdrawal like you normally would.
- The casino will process your withdrawal back to the original payment method. In general, casinos will only process withdrawals back to the original deposit method and account. Many casinos offer instant Trustly withdrawals, so keep that in mind.
Trustly Crypto Casino Payments
As established above, Trustly is not like other online payment eWallet providers, so unfortunately there are no built-in cryptocurrency options with Trustly.
There are, however, many crypto exchanges that accept Trustly payments, so you would need to first purchase some crypto before being able to enjoy a crypto casino.
Trustly Fees
Trustly does not charge any fees for Trustly payments. However, there may be fees charged by your bank or the merchant. In the case of being a casino merchant, the vast majority of Trustly casinos do not charge any additional fees.
Withdrawal fees using Trustly are similar to depositing. Trustly does not charge any fees, but the bank and any other intermediaries may charge fees.
Trustly does not charge anything to sign up or any monthly service fees. When you factor in all these points and that your money goes directly to and from your bank account, the overall cost of using Trustly is lower than many other casino payment methods.
Trustly Casinos
Trustly has made massive inroads in recent years with online gambling and casino sites. It is still going to take some years before Trustly Casinos are everywhere, especially due to geographical limitations and the slow adoption by banks.
No matter what, there are hundreds of top-quality Trustly Casinos out there for you to play at. You should also keep an eye out for special Trustly Bonuses that some online casinos offer.
Is Trustly Legit?
Without a shadow of a doubt! Simply the fact that thousands of banks have integrated Trustly is a clear testament to the trustworthiness of Trustly. As mentioned, Trustly is also licensed and regulated by various financial authorities.
Conclusion
Trustly is a safe, convenient, and user-friendly casino payment method. Trustly is an open banking platform that enables casino players to make direct instant deposits from their bank account to their casino account. The same applies to withdrawals that get paid directly into the player’s bank account.
Getting started with Trustly is fast and easy, without even needing to register first, however creating an account will give you access to other Trustly features and the app. Trustly does not charge any fees, but there may be bank or merchant fees.
Overall, Trustly is a unique and innovative casino payment method that is transforming online banking and gambling transactions.
