Best Trustly Online Casinos 2024

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As the name implies, Trustly casinos are gambling platforms that allow players to fund their accounts and withdraw winnings through the Trustly payment method. But how does it work? Numerous players worldwide own bank accounts, but due to the increased cases of online fraud, they’re afraid of making payments directly from their banks since it’ll entail sharing their account details with the online casino. Thus, to instil trust between online merchants and users, Trustly acts as the middleman and processes all transactions on behalf of both parties. All you have to do is confirm the payment details and authorise the transaction. In this review, we’ll cover a few areas regarding this payment option, including its market coverage, convenience and safety, and pros and cons, among others.

General information about Trustly

Trustly is a Swedish payment service provider that began operations in 2008 in Stockholm. It was among the first financial companies to see the potential of instant account-to-account payments, a move that led to the implementation of the Trustly Open Banking system. But what exactly is an open banking system? Simply put, it’s a system that allows users to make secure payments directly from their bank accounts by sharing their financial details like identity information, balance history, etc., with merchants such as online casinos or service providers through APIs (Application Programming Interfaces). To fund your gambling account or receive a payout from your Trustly casino online, simply pick Trustly as your preferred method, select your bank, sign in to your account, and authorise the transaction.

Thus, by establishing direct connections with banks, account-to-account payments reduce transaction costs while significantly lowering fraudulent activities since the company does not save your bank details. Thanks to the brand’s popularity and success, Trustly served as an open banking advisor to the EU (European Union) in 2011. 

In 2015, the company expanded its services to 21 new markets outside Sweden, and in 2019, it merged with PayWithMyBank (a US-based payment service provider). This move made Trustly the leading Open Banking Payments network worldwide. Today, the company serves millions of consumers, including online casino players and processes billions of dollars in transactions annually through its network.

Trustly market coverage

During its early stages, the Trustly payment method served mainly in the European market (mainly Sweden) until 2015, when it started offering its services in new markets. Through the company’s commitment to making Open Banking payments a norm in the digital financial world, Trustly merged with PayWithMyBank, which saw the company enter the US market. Currently, the Trustly payment service operates in 33 countries worldwide, serving 9000 merchants by connecting them with over 650 million users and 12,000 banks. Thanks to its global leadership in Open Banking payments and popularity, Trustly experienced a 79% surge ($58 billion, up from $33 billion in 2022) in its transaction volume in 2023.

Some gambling-friendly jurisdictions where you can fund your gambling account or withdraw your winnings using Trustly include

• UK
• Canada
• Netherlands
• Austria
• Denmark
• USA
• Finland
• Germany
• Spain
• Estonia
• Norway, etc.

How to deposit to online casinos with Trustly

Due to its numerous perks and popularity, Trustly is an ideal payment option for online casino players. For instance, Trustly offers swift transaction processing times, meaning once you authorise a payment during a deposit, the funds will be floated into your casino account almost instantly. 

On top of that, this payment method is based on the Open Banking system, a platform that directly connects merchants to users through numerous consumer banks worldwide. This makes it a safe casino deposit option since it benefits from the banks’ top-tier security measures, such as MFA (Multi-Factor Authentication) for identity verification and data encryption, eliminating unauthorised third-party access.

You’ll also not incur service fees when depositing in online casinos that accept Trustly, making it a well-suited banking alternative for players with tight gambling budgets. With all these remarkable features, Trustly ranks among the best and most preferred payment options in the gambling industry, especially for players who like quick, cost-friendly, and secure transactions. The deposit procedure is pretty simple, just like purchasing an item in a regular online store. Below is a step-by-step guide on how to deposit in online casinos with Trustly.

Find a Trustly casino

As a player, your first step is to find an online gambling platform that offers Trustly as a payment method and sign up for an account. To save you the hassle, we have provided you with a well-vetted list of real money Trustly casinos where you can create a player account and start your gambling journey.

Choose your deposit option

After registration, head to the cashier page and click the Deposit tab. You’ll be presented with a list of supported payment methods, including Trustly. Select this option to fund your casino account through this channel. Afterwards, enter the amount you wish to be transferred to your player account, keeping in mind the minimum and maximum deposit limits of your online casino.

Choose your bank

Once you have filled in your preferred deposit amount, you’ll find a list of all connected banks in your region, at which point you’ll be required to pick your bank from the selection. Once you have selected your bank, click the ‘Deposit with Trustly’ button. You’ll be redirected to the bank’s webpage or your banking app. Here, you’ll be required to enter all the necessary credentials to log in to your bank account. 

You’ll receive a verification code from your bank, which you’ll use to authorise the transaction. Confirm the payment details and complete the payment by entering the provided SCA (Strong Customer Authentication) code. Mobile banking users will have to authorise the payment using their set PIN codes or the biometric feature.

Wait for the funds to arrive

As previously stated, Trustly has swift transaction times, meaning your deposit will be instantly processed, and the funds will be credited into your account within seconds. Once the funds hit your account, you can visit the online casino’s lobby and start enjoying your favourite games. Please note that although the payment service provider charges zero fee for casino deposits, this might differ depending on your Trustly casino.

Moreover, top Trustly casinos offer attractive signup bonuses, but most require a successful deposit to qualify. Since your funds have been floated into your casino account, you can now claim the welcome bonus. However, we recommend reading the offer’s T&C before the claim, particularly the wagering requirements.

How to withdraw from online casinos with Trustly

You can use this banking method to cash out your winnings from your preferred Trustly casino. In addition, it’s an ideal alternative since most online operators require players to submit withdrawal requests using the same method used for deposits. However, before you can request a payout, there are a few things that you must fulfil. 

For starters, top Trustly casinos will require you to go through the KYC procedure to verify your identity, address, and source of income, especially if it is your first withdrawal or the cashout exceeds a certain amount. During this procedure, you’ll be asked to upload copies of your ID documents (government-issued ID card, driver’s licence, or passport), a recent utility bill, and a bank statement. After account approval, you can now initiate the withdrawal process. Payout requests in online casinos accepting Trustly are performed similarly to deposits:

1. Like with deposits, head to the banking/cashier section and click the Withdraw tab.
2. You’ll see a list of all supported banking methods, and from the list, select Trustly as your withdrawal option. Afterwards, enter the amount you wish to cash out, choose your bank, and hit the ‘Pay to my account with Trustly’ button to proceed.
3. You’ll be redirected to your bank’s page. Here, you’ll have to enter your sign-in credentials to access the bank’s interface. Confirm the payment details and click the Submit button to complete the transaction.
4. Wait for the withdrawal request to be approved.

Trustly offers almost instant payouts, but they might take longer depending on your gambling platform. However, the best real money Trustly casinos online have faster withdrawal times, meaning you might have your funds within a few minutes or hours.

Trustly transaction times and fees

Trustly is among the fastest payment methods in the online gambling industry because deposits and withdrawals are processed almost instantly after the payment is approved. According to their webpage, whether it’s a deposit or a payout, Trustly payments usually take 10 seconds to process, a feature that makes it an ideal option for online casino casino players. 

When making a deposit, all you need to do is enter your deposit amount, select your bank from the provided list, log in to your online banking or mobile banking interface, and authorise the payment by entering the SCA/PIN code. Afterwards, the funds will be transferred to your casino account in a few seconds.

With withdrawals, Trustly uses smart routing to establish the quickest and safest way to send funds through its network, delivering secure and real-time payouts for players. However, the overall time it takes for funds to hit your account will depend on your Trustly casino’s withdrawal time.

When transacting through Trustly, you don’t need to create an account to use their platform. This means you’ll not incur any service fees from the company for processing your payments since it only acts as a go-between between merchants and customers through banks. However, depending on your bank, you might be subject to transfer charges, especially with deposits. Therefore, we recommend checking with your bank to see if they charge additional fees for payments before using Trustly.

Trustly casinos pros and cons

Pros

• Swift transactions: Thanks to the Open Banking technology, Trustly payments are processed almost instantly, allowing players to enjoy their favourite games and winnings within no time.
• Convenient banking method: Players can use Trustly to fund their casino accounts and cash out their winnings during real money gambling sessions.
• Safety: Since the platform is connected to the online banking system, Trustly transactions heavily rely on the bank’s top-notch security protocols such as data encryption and MFA.
• Trustly deposits allow players to spend only money in their accounts and nothing more.

Cons

• Trustly is limited only to the partner banks, meaning players from other banks cannot use it to make payments.
• Although your preferred Trustly online casino might not impose service charges on you for deposits and withdrawals, you might incur transaction fees from your bank.

Convenience and safety of Trustly casinos

Players consider many aspects before picking an online gambling platform, among which are convenience and safety. In this regard, Trustly casinos offer these features, among other perks. For instance, Trustly is a payment method based on Open Banking technology, a system that allows users to make real-time payments directly from their bank accounts. Therefore, players in Trustly casinos enjoy swift deposits and withdrawal times. In addition, you don’t need to create an account to use the Trustly platform, thus making it an ideal payment method for players who don’t like sharing personal information.

Regarding safety, Trustly is a licensed payment service provider that operates under the supervision of SFSA (Swedish Financial Supervisory Authority) in Europe, the UK Financial Conduct Authority (FCA), and state-regulated in the US. In addition, Trustly leverages the consumer banks’ security infrastructure, ensuring seamless and secure transactions on its network.

Conclusion

In this digital era of performing transactions online, Trustly fits right in as it offers a swift, secure, and convenient way for bank account owners to make online payments without using their bank cards. Generally, Trustly is a payment method that allows users to make online payments, such as casino deposits, directly from their bank accounts and also receive funds from merchants through APIs (Application Programming Interfaces). To deposit or request a payout from Trustly casinos, simply fill in the amount you wish to transact, pick Trustly as your preferred method, select your bank, sign in to your account, and complete the transaction.

This article has highlighted the pros and cons of Trustly casinos, the banking method’s transaction times and related fees, and its convenience and safety. We have also provided the deposit and withdrawal procedure in online casinos with Trustly.