Trustly is a straightforward, expeditious, and dependable payment method for online casinos. Its primary usage is by European consumers to directly pay from their bank accounts. The payment method’s popularity among gamblers is due to its convenience, as users are not required to register to use Trustly. Furthermore, Trustly does not retain any banking information, which is why numerous casinos have begun supporting it. The payment method was launched in 2008 to make online banking easily accessible to everyone.
Trustly, formerly known as InstantBank, is a Stockholm-based Swedish online payment system. This payment method enables users to make direct payments from their online bank accounts to the accounts of online merchants. Trustly is highly regarded as one of the top banking methods available in 29 territories worldwide.
To provide its customers with a seamless service, Trustly has partnered with over 100 banks. This payment method offers numerous benefits, including making financial transactions more manageable.
How to Deposit Money Using Trustly?
Making payments at an online casino using Trustly is remarkably simple. Unlike other banking methods, there is no need to create an account. Users only need to have the banking details from one of Trustly’s partner banks. The steps to deposit money at Trustly casinos are as follows,
- Head over to the banking section to choose Trustly as your preferred banking method.
- You will find a simple form- select the bank you have a savings/credit account.
- Fill out the details.
- Now, enter the amount you would like to deposit and confirm the details.
If you have followed the steps correctly, money will be deposited into the casino account in no time.
How to Withdraw Money Using Trustly?
It can be frustrating to play at an online casino that takes several days to release your winnings. Fortunately, with Trustly, there is no need to worry about such delays. This payment method ensures that users do not have to wait for days to withdraw their funds. Trustly has revolutionized the online gambling industry through its swift deposit and withdrawal processes, which prevent casinos from withholding winnings.
It is important to note that when making the first withdrawal from an online casino using Trustly, account verification is necessary. Trustly casinos require users to complete this step to comply with KYC regulations. Although it may prolong the withdrawal process for one to two days, this verification only needs to be completed once. Once the verification process is complete, users can resume making withdrawals without delay.
Fees for Trustly Deposit and Withdrawals
Trustly is one of the few payment methods available in the online gambling world that does not charge any fees for transactions. However, a few online casinos may levy a fee when users use Trustly for transactions. Therefore, it is advisable to check with the bank to determine if there are any fees associated with transactions made through Trustly.
What Is the Payout Speed of Trustly?
One of the advantages of employing Trustly as a payment option lies in its prompt processing capability. Depending on the bank associated with the withdrawal, the funds can be credited to the account in as little as 72 hours. Consequently, the swiftness of the withdrawal with Trustly hinges on the time taken to transfer the funds to the designated bank account. Nevertheless, any transaction executed via Trustly requires only a few minutes to reach completion. Therefore, if the winnings are being deposited promptly into the account, the use of Trustly need not result in any delay compared to traditional bank transfers.
What Are the Advantages of Using Trustly?
There are many advantages to choosing a Trustly online casino. Let’s take a look at them,
- With this, you can enjoy instant transactions. You will not have to wait around for the deposit money to reach the online casino account.
- It is safe and secure. The banking method is heavily protected with a high level of encryption, which is similar to what banks use. The system uses a two-factor authentication process that prevents fraudulent behaviour.
- The banking method is accepted in 29 different European countries and supports multiple currencies.
- You don’t have to pay any fee for the deposits or withdrawals you make at the online casino.
- Mobile devices such as smartphones and tablets are supported by the banking method for online casinos.
- Trustly uses the best standard of encryption and wrongdoers have to get past the security of banks, too. Moreover, the service provider has a Payment Services Provider license for proving its credentials.
What Are the Disadvantages of Using Trustly?
Even though it is one of the best banking methods to use at an online casino, there are a few disadvantages. Check them out below.
- Even though many banks allow you to connect with Trustly, there are a few that do not. Thus, it might not be the right banking method for all.
- It is not available across the world and is primarily available in Europe.
Safety and Security of Trustly
The appellation itself conveys almost everything one needs to know about Trustly. After thorough research, it has been concluded that Trustly is a reliable and secure online payment system for online casinos. It is an established mode of payment accepted by major online casinos worldwide. Its benefits include additional layers of security and a user-friendly platform that enables players to enjoy their gameplay with ease.
Since its inception, Trustly has garnered several accolades and boasts an exceptional track record with hardly any grievances against it. Trustly relentlessly strives for perfection in online transactions between merchants and customers. It is evidenced by the application of the highest level of security measures such as data encryption, in addition to being licensed and regulated.
There has been an improvement in the ease of transferring funds from your bank account to an online casino due to Trustly. It is not a complicated process anymore. Trustly provides players with a safe and speedy alternative to fund their casino wallet.