Trustly is a Sweden-based company that offers online financial services to any outlet that wishes to offer payment services to its clients and customers. Despite being based in Sweden, Trustly allows its services to be used anywhere in the world. Most of its clients though are European although Trustly is successful in the United States as well.
A trio of businessmen (Carl Wilson, Joel Jakobsson and Lukas Gratte) founded Trustly in 2008. They initially offered their services to Swedish clients only, but quickly expanded. By 2010 the company had processed over one million transactions, enabling it to open a second office, in Malta. The company now also has offices in Spain, Germany, Brazil, the USA, the UK and Finland.
Trustly is not an eWallet in the true sense of the word, like PayPal, Skrill or Neteller. The main purpose of Trustly is to enable merchants to accept online payments over the internet. Trustly takes care of the payment, linking the customers bank account to the merchant for the transaction. The actual transaction itself is performed using money transfer services provided by other companies, including PayPal and TransferWise. The transfer as far as the merchant and customer is concerned is seamless, and performed solely by Trustly.
Why Use Trustly at Online Slots Sites?
The main reason to use Trustly at online slots sites is security. Using Trustly online is as secure as handing over cash at your local grocery store. The link between the online casino you are depositing at and your own account only exists at the point at which you make the transfer. Imagine it as a telephone call that lasts only a fraction of a second – what are the chances of someone listening in to the call?
Trustly provides the connection, but it does not store any information about the transaction. Going back to our ‘telephone call’ example imagine, that after completing the call the numbers of both callers were deleted. That is basically how Trustly works. Trustly does not keep records of transactions, and does not keep any information at all, least of all that which can be considered sensitive.
- One hundred percent secure
- Quick and painless
- Can be used for deposits and withdrawals
Are there any disadvantages?
- Not all UK-licensed online casinos accept Trustly as a payment method
Is it easy to use Trustly at Online Slots Sites?
The main way of depositing using Trustly at an online slot site is via your online banking account. When you want to deposit using Trustly select Trustly as your payment method, as well as the amount that you wish to deposit. The Trustly applet will appear and you will need to select your bank from the list. You will notice that not all banks allow Trustly payments, but hopefully your bank will be among those listed. When prompted, enter your username and password that you use with online banking.
Trustly will then facilitate the transfer and your deposited cash should appear in your casino account instantly.
Not all online casinos will accept withdrawals via Trustly. This is because they need to take an extra step when it comes to Trustly withdrawals in comparison to other payment methods. This is a shame as Trustly offers a very decent way for merchants to pay money to customers.
Withdrawing using Trustly is simply the reversal of the deposit method outlined above. Withdrawals should take less than three days. If your online casino stalls when processing Trustly payments then you need to consider switching to a different casino or slots site.
Trustly charges fees to merchants who wish to use their services. These fees should not be passed on to customers. You should not be charged for using Trustly at an online casino. Trustly itself does not charge fees to customers.
Trustly is completely safe to use and you can use this service with complete peace of mind. As we mentioned before, it is regulated by the Swedish Financial Body and therefore you should have no issues using it. Fraud is almost impossible with Trustly as it uses your banking details, with the only possibility of fraud occurring if another person knows your banking details. Not only that, it never stores any of the information used to access your bank account and only the highest encryption standards are used to transfer your money from one location to another. This makes it one of the safest payment methods that you can use online when making a deposit to your online casino account.
Yes, you can use Trustly on your mobile device. This payment method has been fully adapted for mobile devices. When you are on the go and looking to play your favourite games you will be able to use this payment method easily to make your deposits.
What is great about Trustly is that there are no fees with any payments processed through it. This makes it a top option for those who are making deposits and withdrawals when online gambling. We would always recommend that you do check this with the Trustly casino that you are playing at, alongside your bank as there is a chance that they may add on their own small fees to use this payment method.
Trustly does not make money by charging you the player fees as it instead charges the merchant a small commission to provide the service. This is great news for players as, of course, everyone wants to keep as much of their deposits and winnings as they possibly can.
The length of time that it takes for deposits and withdrawals to be made depends on the online casino that you are playing at and the bank where your account is at. Payment processing times do usually happen almost instantly. Trustly works best with banks that are part of their network and in these cases deposits and withdrawals can be made very quickly. However, if your bank is not part of their network then it could take as long as three days to process your payments.
The minimum and maximum amounts that you can deposit at your online casino using Trustly vary from casino to casino and this is something that you will need to check in their terms and conditions before you get started playing. For most online casinos, you can expect the minimum deposits to start at around 10 and rise up into the thousands for the maximum deposit. As this payment method is not available in the United Kingdom, we cannot give precise figures based on the local currency.
You do not have to use Trustly to withdraw your cash, but it is an option for you. If you have made a deposit at your online casino using Trustly, then most likely you will want to use it for withdrawals too and it works in exactly the same way as funding your Trustly account, only backwards.
Trustly is a quick, easy and convenient way of getting money into your online casino account, and it’s a shame that more online casinos do not offer it in the UK. With Trustly, you do not have to operate an additional account away from your banking account as you do with other internet-based payment services provider such as PayPal, Skrill or Neteller.
We always recommend online casinos which offer Trustly as a payments system as when it comes to making deposits and withdrawals we believe the more options, the merrier!
Trustly Slots Sites:
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|Power Slots||Power Slots Review|
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|Scorching Slots||Scorching Slots Review|
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|Volt Casino||Volt Casino Review|
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|Mobile Wins||Mobile Wins Review|
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|Handy Vegas||Handy Vegas Review|
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