Payment Method: Trustly
Founded in 2008, Trustly is a Swedish online payments processor that makes online financial transactions fast, simple and secure.
Some say he was born with a silver poker chip in his mouth, others that he can control a roulette wheel spin with his gaze. He is the Casino Veteran, and he thought it would be helpful to let everyone know the ins and outs of the payment method Trustly.
About Trustly
The company provides international payments to and from consumer bank accounts at more than 200 banks in the 29 countries of the Eurozone. Trustly is licensed and regulated by the Swedish Financial Supervisory Authority and makes more than 2.2 million secure transactions every month. Players only need a bank account to use Trustly – there are no registration or software requirements.
Both players and online casinos benefit from using Trustly. Players benefit because they can top off their online casino accounts instantly from their bank account and also withdraw their winnings instantly to that same account. Online gambling companies also benefit from using Trustly because the service gives their players a better experience in using their sites, thereby creating more loyal customers. Online casinos also benefit because there is virtually no risk in processing payments and withdrawals with Trustly – this is because the payment processor uses a strong two-factor authentication method.
Using Trustly at online casinos
Casino Veteran recommends that players use Trustly as an online payment processor, and many of the top online casinos offer support for that option. It’s easy for players to use Trustly. They simply need to select Trustly bank transfer as the method they wish to use for payments and withdrawals. The online casino will then present the players with Trustly’s payment interface, and they can select their bank and log into their accounts by using their credentials and authentication measures as they normally would.
Trustly has designed its services with the online gambling industry in mind. The payment processor offers a product called Trustly Direct Debit, which allows players to make deposits to their accounts even faster – this is ideal for players engaging in live betting. As a leading payment processor for online casinos, Trustly has partnered with some of the leading brands in the industry.
Making deposits with Trustly
Players can make deposits to their online casino accounts in three easy steps. First, they select their bank and log in using the credentials they normally use for online banking. Once they’ve logged into their bank, they need to choose which account to use to make their deposit (savings, checking or another account). Finally, they need to verify the payment. After the bank sends the players a confirmation, the bank sends the money to the online casino to fund their accounts.
Making withdrawals with Trustly
If the players are Eurozone residents, then instant withdrawals are simple with Trustly. Once the online casino approves the withdrawal, the funds instantly appear in their bank accounts.
Pros and cons
As a leading payment processor, Trustly gives players the ability to fund their accounts without having to leave the online casino’s website. The players do not have to worry about the risks associated with using credit cards, and the online casinos are guaranteed to receive their payments. In addition, Trustly has optimised its platform for the online gambling industry, and Trustly does not save the players’ banking details.
The only negative point is that Trustly is only available to residents of 29 countries in the Eurozone.
Some say the Casino Veteran never loses, others that he can see through playing cards. All we know is that he’s here to help the online gambling community.