Trustly is an online payment method that was developed by the Trustly Group, a Swedish fintech company, back in 2008. It allows its users to shop and pay from their online bank account, without the need to use cards or separate apps.
This payment method is a licensed institution by the Swedish Financial Supervisory Authority, the same regulatory body that supervises it. It also holds a European Payment Services Provider license which is in accordance with PSD. All these licenses are proof that Trustly is a legit and secure payment method.
Trustly provides its services to the users through PayPal and TransferWise, but it is also used by more than 6,000 merchants including Facebook, eBay, Lyft, Dell, eToro, and AT&T. In the past couple of years, the most trusted clients of this payment method are online casinos.
Online casinos became very popular recently thanks to the number of great features that they have. These features include online anonymity, tons of high-quality games, numerous bonuses and promotions, and just as we mentioned – many payment methods, including Trustly.
Since this online payment method is mostly used at these sites, we are going to see whether Trustly is a good method to deposit and withdraw your funds when you access casino sites. Let’s being.
Not only is Trustly safe as a payment method, but registered players can also rest assured knowing that the sites provide them with extra security to make sure that the sensitive data is out of harm’s way. Online casinos implement the so-called SSL-encryption software, which is an AI security system that scrambles your information and turns it into an unbreakable code.
Trustly provides you with easy activation method and multi-currency functionality, thus helping you to deposit and withdraw money to online casinos in Europe, Australia, Canada, and the USA. Their wide acceptance will make it easy to complete transactions with online casinos at almost any region of the world.
All deposits made with Trustly are instant and in most cases, a fee is not charged. This varies from one casino site to another, as each online casino has different policies when it comes to banking. As far as withdrawals, Trustly is an online payment method, so withdrawals are also instant. Fees are usually not charged for withdrawals, as well.
Before you are able to deposit money at the desired online casino using Trustly, you need to register. This is a process that lasts just a minute and all that is required from you is to fill out an online form in which you provide the casino with information such as desired payment method, name and surname, and the alias through which you want to play at the site.
After you register an account at an online casino, all that you have left is to connect your account with Trustly. This is an easy and fast process as it takes almost no time and no effort. Once your account is connected with Trustly, you can deposit funds with ease.
One thing that you should keep in mind is that some online casinos may apply certain restrictions for their bonuses and promotions if the player chooses to deposit money with Trustly, so make sure you check the terms and conditions.
Every online casino sets minimum limits for both deposits and withdrawals. In most cases, the minimum amount is between $10 and $20, but the number varies from one site to another. Same goes for maximum deposit and withdrawals.
The maximum deposit is always a certain amount that you can make in one deposit, while with withdrawals, some online casinos set a fixed maximum amount, while some will limit the amount that you can withdraw in one day, week, or month. Again, these policies depend on the online casinos’ preferences.
At some sites, not only is the online casino eligible to set a min/max deposit and withdrawal amount but so is the player. The custom settings usually apply to the maximum deposit and withdrawal limits, but when you set them, they cannot exceed the amount set by online casinos. These policies are subject to changes if you are a part of the casino’s loyalty/ VIP program.
The biggest pro about Trustly is that this e-wallet provides players with instant deposits and withdrawals, which is not the case with most of the payment methods. Debit cards, for example, have a processing time of up to 5 business days for withdrawals.
It also supports multiple currencies and there is no need for players to register a Trustly account if they want to use this method to deposit and withdraw money from their desired online casino.