Trustly is a payment method that’s widely accepted at White Hat Gaming casinos and nearly 300 online casinos globally, highlighting its reliability.
Trust is crucial for any payment method, especially when it’s part of the name, raising expectations.
So, does Trustly meet the high expectations its name suggests?
The Journey of Trustly
Trustly is a Swedish FinTech company that started in 2008. Initially known as Instant Bank, it catered to iGaming customers in Sweden. Over time, it has rebranded and expanded to become a trusted payment method across Europe. With offices in cities like Barcelona, Cologne, and Lisbon, and numerous awards for rapid growth, Trustly has cemented its place in the competitive iGaming sector. Trustly facilitates money transfers to and from your online casino account, functioning similarly to an eWallet or card, but without intermediaries. It operates as a financial institution regulated by Sweden’s FSA. Currently, Trustly supports payments in over 21 regions, with more expected to join.
How it Works
Unlike eWallets, which require pre-loading funds, Trustly offers a straightforward payment process. Simply sign up at your preferred 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 deposit funds. This method works with major UK banks.
Withdrawing winnings follows the same process, and both transactions are free. However, transaction 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 in the Nordics, addressing one of Trustly’s few drawbacks.
Why Consider Trustly?
Trustly is not only safe and user-friendly but also allows players from over 20 European countries to transact in their local currency.
Trustly has also introduced a direct debit card, enabling controlled spending at online casinos. This feature helps manage your monthly casino budget effectively.
Another advantage is the absence of additional fees, unlike some eWallets, ensuring no unexpected charges on your casino transactions.
Trustly’s Trust Factor
The rapid expansion of Trustly, despite numerous competitors, underscores its reliability.
Similar to other online transfer services, Trustly offers complete control over your transactions without involving intermediaries like eWallets.
While payment delays outside the Nordic region can be a downside, those willing to wait will find Trustly a user-friendly and trustworthy option.