Trustly is a payment method that’s not only accepted at White Hat Gaming casinos, but at nearly 300 online casinos globally, which speaks volumes about the reliability of the company.
Trust is crucial for any payment method, but when it’s part of your name, the expectations are naturally higher.
So, does Trustly live up to the promise suggested by its name?
The History of Trustly
Trustly is a Swedish FinTech company that kicked off in 2008. Originally known as Instant Bank, it started by serving iGaming customers in Sweden. Over the years, it has expanded and rebranded to become one of the most respected payment methods in Europe. With offices in Barcelona, Cologne, and Lisbon, and having won several awards for rapid growth (they hit one million transactions in just two years and now process over two million monthly), Trustly has established itself as a major player in the competitive iGaming industry. Trustly’s purpose is to facilitate deposits into your online casino account or withdrawals from it. It functions like an eWallet or debit card but without a middleman, as Trustly operates as a financial institution regulated by Sweden’s FSA, similar to any bank in the country. Currently, Trustly is supported in over 21 territories, and this number is expected to grow.
How it Works
Unlike eWallets, which require pre-loading funds, Trustly offers a straightforward payment method. Simply sign up at your chosen White Hat Gaming casino, head to the deposit section, and select Trustly as your payment method. Enter your Trustly ID code and one-time code, then your account details, followed by a second one-off code, and your funds will be deposited. This is compatible with all major banks.
Withdrawing winnings is just as simple, and both processes are free. The time for funds to reach your casino or bank account can vary, with non-network banks potentially taking up to three days. A new partnership with Collector Bank aims to speed up this process, offering instant payments across the Nordics, addressing one of the few drawbacks of using Trustly.
Why Should I Use Trustly?
Trustly is not only safe and easy but also allows players from over 20 European countries to transact in their local currency.
Trustly has also introduced a direct debit card, which can be used for online casino payments if you prefer to manage a specific monthly budget. This feature, along with setting deposit limits at your favourite casino, helps you maintain control over your spending.
Another advantage of Trustly is the absence of additional fees, unlike some eWallets, so you won’t encounter any unexpected charges on your deposits or withdrawals.
Putting the Trust in Trustly
The rapid growth of Trustly, despite numerous competitors in the online payment space, underscores its trustworthiness.
Operating similarly to other online transfer services, Trustly allows you to manage your deposits and withdrawals directly, without involving a middleman like an eWallet.
While the delay in payments, especially outside the Nordic countries, is a downside, those willing to wait a bit will find Trustly to be an easy-to-use and reliable payment method.