Trustly is a widely accepted payment method at White Hat Gaming casinos and nearly 300 online casinos globally, highlighting its reliability and security.
Trust is crucial for any payment method, and Trustly’s name sets high expectations.
So, does Trustly live up to its name?
The History of Trustly
Trustly is a Swedish FinTech company founded in 2008. Initially known as Instant Bank, it served iGaming customers in Sweden before expanding and rebranding to become one of Europe’s most respected payment methods. With offices in Barcelona, Cologne, and Lisbon, Trustly has received numerous awards for its rapid growth, achieving one million transactions in just two years and now processing over two million monthly. Trustly facilitates direct transfers to and from your online casino account without intermediaries, functioning as a financial institution regulated by the Swedish FSA. Currently, over 21 European countries support Trustly payments, and this number is expected to grow.
How it Works
Unlike eWallets, which require pre-loading funds, Trustly offers a straightforward payment process. Simply sign up at your chosen White Hat Gaming casino, navigate to the deposit section, and select Trustly. Enter your Trustly ID and one-time code, followed by your account details and a second one-time code to complete the deposit. This method is compatible with major European banks.
Withdrawing winnings follows the same process, and both transactions are free. However, processing times may vary, especially with banks outside the Trustly network, which could take up to three days. A partnership with Collector Bank aims to expedite payments across the Nordics, addressing one of Trustly’s few drawbacks.
Why Should I Use Trustly?
Trustly is a secure and user-friendly payment method, enabling players from over 20 European countries to transact in their local currency.
Trustly also offers a direct debit card for setting monthly spending limits at online casinos, helping you manage your budget effectively.
Another advantage of Trustly is the absence of additional fees, unlike some eWallets, ensuring no unexpected charges on your deposits or withdrawals.
Putting the Trust in Trustly
Trustly’s rapid growth amidst numerous competitors underscores its reliability.
Similar to other online transfer methods, Trustly allows complete control over your transactions without involving a middleman like an eWallet.
While payment delays, especially outside Nordic countries, can be a downside, those willing to wait will find Trustly to be a user-friendly and trustworthy payment option.