Trustly

What is Trustly?

It is an online payment platform offering its customers the possibility of fast and secure payments online from their online banking without the need to use their own payment card. If you choose Trustly as your payment method, you don’t even need any special app on your phone. How is this possible? Trustly works directly with banks and merchants across Europe, North America, Australia, and parts of South America. It is a rapidly expanding payment method that already collaborates with more than 6,000 banks in Europe, North America, Australia, and parts of South America. In the Czech Republic, it includes banks such as Česká spořitelna, Raiffeisenbank, Fio banka, mBank, ČSOB, and Moneta. The technology that enables Trustly to work is called Open Banking, which in practice means the secure sharing of financial data between banks and third parties like the Trustly service. At this point, you might be wondering: Why do I need a third party for payment? And what are its advantages? Open Banking brings several advantages. The main benefits include reduced payment costs and increased payment security by not sharing sensitive financial information. It also simplifies almost instant payments.

History of Trustly

Trustly Group is a Swedish fintech company. Initially, the company, founded in 2008, was named Glue Finance and was founded by Carl Wilson, Joel Jakobsson, and Lukas Gratte. The company’s goal was to simplify and secure online payments for their customers. In the first year, they managed to establish partnerships with the first online retailers, and the company began to flourish. In the following two years, further technical development of the service took place, with 2010 being a breakthrough year. In 2010, the company started to expand abroad, almost immediately achieving success, and its revenues grew by an enormous 200%. In subsequent years, Trustly introduced the Pay N Play service, which completely changed the way of payment in online gambling. Later, it established strategic partnerships with companies like PayPal and Groupon and reached the milestone of 10 million transactions.

Who owns Trustly?

The current owner of the Trustly service is the Nordic Capital group, which acquired Trustly in March 2018. Nordic Capital is an investment group focused on buyouts and providing capital to smaller companies. Besides payment technologies, they also invest in healthcare and consumer goods. NC not only provides financial resources but also offers strategic and operational support to the companies they invest in, which has also provided excellent support for Trustly. This has allowed Trustly to accelerate its development and expand into other countries worldwide. The common goal of both companies now is to become the leading global provider of online banking services.

Where can Trustly be used?

Trustly is a provider of digital payments, so you will only encounter it online. Despite its rapid growth, the number of places where you can use the service is still limited. You can find Trustly when shopping on online auction sites like eBay, purchasing goods from Alibaba, investing through eToro, or buying services from AT&T. Most notably, you will find the service with online bookmakers and in online casinos.

Online bookmakers and casinos that accept Trustly

Trustly is a very popular payment method for online betting. Its popularity is due to several reasons. It is a very reliable, easy, and secure payment method that allows almost instant deposits and withdrawals. It meets the most important criteria you should look for when choosing a payment method for online betting. If you are interested in other payment methods and the specific characteristics that are important, check out the payment methods section where we describe them in more detail. Betting sites that support Trustly payments include:

• Gamdom
• LOOT.BET
• Casino National
• Casino Kajot
• Casino MyStake
• CSGORoll
• ClashGG
• CS.MONEY
• Hellcase

	LOOT.BET Bonus: €40 welcome bonus + €10 free bet	Bet now LOOT.BET review
	Gamdom Bonus: 15% Rakeback for the first 7 days	Bet now Gamdom review
	National Casino Welcome bonus: 100% up to €100 + 100 FS	Play now National Casino review
	MyStake Casino Welcome bonus: 100% up to €40	Play now MyStake Casino review
	Kajot Casino Welcome bonus: Registration bonus of €5 / 50 FS for registration	Play now Kajot Casino review

How to pay with Trustly when betting online?

Paying with Trustly at online casinos and bookmakers works exactly like with other online merchants. If the merchant accepts Trustly as one of the payment methods, choose Trustly instead of a traditional bank transfer, and you will shorten the processing time from days to minutes. And how to make a Trustly payment? Here is a simple guide:

1. Go to the merchant’s website that supports Trustly payments.
2. Select Trustly when paying.
3. Enter the amount you want to deposit.
4. Select your bank where you have a bank account.
5. Log in to your online banking as you would when paying without Trustly.
6. Confirm in your online banking.
7. The payment was successful.

Trustly payments are faster than traditional bank transfers and all your banking information is encrypted, so you don’t have to worry about your security. Using Trustly is free. It’s important to mention that to use this payment method, you need to have your online banking with a bank that collaborates with Trustly. The Czech banks that support Trustly payments are described above in the article.

How to withdraw money from Trustly?

Withdrawing from an online casino or online bookmaker using Trustly is usually a very simple and intuitive process, so you don’t need to worry. For simplicity, here is our brief guide on how to do it:

1. First, you need to log in to your account on the casino or bookmaker’s website.
2. Go to the withdrawal section.
3. Select Trustly as the payment method.
4. Enter the amount you want to withdraw.
5. Select your bank. (If your bank supports Trustly.)
6. Log in to your bank account.
7. Confirm the transaction. (According to your bank’s instructions.)
8. Wait for confirmation from the casino or bookmaker.
9. Your withdrawal was successful.

Welcome bonuses at bookmakers and online casinos

Some online casinos and bookmakers that support payments via Trustly also offer interesting welcome and other bonuses that you should not miss. One such gambling site is CSGORoll, where you can use a promo code to get Daily free cases. CSGORoll also regularly hosts various competitions and giveaways where you can win game skins for online games. If you are interested in more information about CSGORoll, one article on our website is dedicated to it. Another site is ClashGG. Here you can get up to a 5% boost to your deposit. You can get this bonus by entering our redeem code SLOTHBET. You can also get free Daily Cases by joining the ClashGG discord. More information about ClashGG can be found on our site, where we have dedicated an entire article to it.

Pay N Play

Pay N Play is a unique service offered by Trustly. This service provides players in online casinos and bookmakers with a unique gaming experience by allowing them to play without creating an account, instead simply clicking the “Play now” button. After the player clicks this button, they select their bank, log in, confirm, and make a deposit. By this step, they are automatically registered and can start playing. If they want to withdraw their winnings, they click the “Withdraw” button, enter the amount, and the money is transferred to the linked account. A more detailed guide on how to withdraw your winnings can be found above in the article.

Trustly security

Trustly itself is a licensed payment method supervised by the Swedish Financial Supervisory Authority. And since it operates in the Czech Republic, the Czech National Bank also controls customer data processing. Trustly does not store customers’ banking information, which is why it has become a very popular payment method in online gambling. To increase client security against online fraudsters, Trustly offers the option of using two-factor identity verification.

Trustly fees

Trustly is a free payment method for its customers. How is this possible? Trustly is a service that works directly with banking institutions or merchants, so the customer does not pay any additional fees for using this service.

Trustly limits

Deposits via Trustly do not have many limits, as is the case with electronic wallets, but you will encounter some limits. One limit is the minimum deposit, which must always be more than £10. Some other limits may be set directly by the merchant you use Trustly to pay.

Advantages and disadvantages

Rating

Trustly is a great service without fees that helps you increase the security of bank transfers. Another big positive is that it does not require the installation of additional apps or creating new accounts and entering personal data. The biggest and practically the only drawback associated with Trustly is that not all Czech banks and merchants support this service for bank transfers. However, if your bank offers the option to choose Trustly when paying, we definitely recommend using the service.

Frequently Asked Questions

1️⃣ Do I need to register with Trustly?

Trustly is a digital platform that works directly with banks or online merchants, so a user who wants to use this service does not need to create any special account.

2️⃣ How does Trustly work?

Trustly works as a digital platform through Open Banking technology. Users mainly use Trustly to increase the security of their bank transfers. Trustly can hide your banking information from third parties, even when you pay directly from your bank account.

3️⃣ What are the fees for paying with Trustly?

Using the Trustly service, if offered by your bank, is free. The only fees you will encounter are those from your bank.

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Sources: us.trustly.com, twitter.com