While the majority of payment processors who accept online gaming transactions have been limited to this industry, some companies are using the initial revenues to reinvest in other channels for their business. Trustly is one such firm. The company has been around since 2008, and in recent years has added partnerships with some impressive companies outside of the online casino space. Regardless, Trustly remains an excellent solution for European-based online gamblers.
A short history of Trustly
Launched in Sweden in 2008, Trustly is a company that allows players to seamlessly make deposits and withdrawals to online casinos directly from their bank accounts. These days, many players are comfortable with the money coming out of their bank accounts rather than paying interest charges to credit card companies for their deposits. As this affects the ROI for a player, it is not surprising to see more and more direct-to-bank processing companies entering the already crowded space.
Over the years, Trustly has worked hard to move from being only focused on the online gambling market to a more general payment method. Partnerships with Facebook, Western Union, and Groupon helped establish the company as not only one of the highest regarded processors in the gaming industry but one of the fastest growing technology companies in Sweden.
How to use Trustly
Setting up a Trustly account is very easy. First, you need to find a site that uses Trustly and select that payment option. You will then be redirected to the Trustly site from inside the cashier – no need to enter the site separately. Once you go to their site, you can quickly enter in a few pieces of information about yourself and create an account. Next, you choose your bank, and you are prompted to log in to your online banking account. After a successful login, you can select the amount you would like to deposit, and the transaction is complete. Your casino account is now funded and ready for you to hit the casino lobby
You can also request withdrawals with Trustly. In fact, the company launched a component to the platform in 2014 called Payout Express, which allows players in the Eurozone to receive their withdrawal instantly upon approval. This is a game changer in the online casino business, where it historically can take days to receive your winnings.
As you don’t actually give any of your banking information to Trustly or the online casino, your transactions are as secure as using your bank for any other type of payment. This gives players an added sense of security when it comes to their money which has always been a concern in the online gambling industry.
What Casinos use Trustly for their payments?
The list of casinos using Trustly is growing each month, as the company expands into more and more countries, specifically around Europe. With almost every European country being able to access Trustly, the number of transactions it handles is bound to grow exponentially from here.
We have reviewed hundreds of online casinos, and with each review comes a full list of all the available payment methods. We have compiled a list of some of our favorite brands that currently use Trustly, but to make sure that you can use this payment method from your country, you are best served by heading to the casino cashier and looking for the Trustly logo.