Trustly is a payment solution that allows users to make online purchases or pay for services without disclosing their banking information. It is solely a payment gateway that secures online transactions. This system enables players to make purchases on online shops or deposit funds into online casinos. Today, this service is available in 29 countries in Europe and has already processed over 10 billion transactions since its creation.
Trustly was created in 2008 with the goal of simplifying and securing online payments. The system, however, is easy to manipulate, which is important for users. The solution gained popularity in the market after its creation. In 2010, the company opened an office in Malta. Trustly experienced rapid growth, especially in 2010 and 2011. Between these two years, the system reached a figure of one million transactions. Its success continued, so that in 2012, double that figure was reached.
In order to further develop its activities and innovate, Trustly seeks collaborations with giants of the virtual finance market. In 2014, he established an agreement with PayPal. This partnership allowed him to acquire new European markets in 2015. With this expansion, his numbers also improved. In just one month, the average number of transactions increased to one million and then two million after 2015. Online transactions experienced a boost. In 2018, a significant portion of the company was acquired by Nordic Capital. In recent years, the platform has shifted its focus towards online gaming.
Since its creation and key milestones in its history, Trustly has improved its offerings. Today, the system allows both payments and receipt of payments. A Trustly account also offers the possibility of receiving a bank transfer. The reverse is also possible. Users thus have an efficient tool to make online payments on e-commerce websites and casinos. Among the offerings developed by Trustly is Payout Express. This offering allows for instant deposits and withdrawals.
Online casinos that accept Trustly:
For this last option, the transaction is instantaneous only in the euro zone. To simplify payments, Trustly has implemented the Trustly Direct Debit offering. This is a facilitator. In order to attract players, the platform greatly facilitates game purchases. The transaction for the purchase is instant so that players can start playing quickly enough. In the range of offerings is Pay N Play. This is an option designed specifically for players. The platform provides access to a well-stocked list of sites with interesting games.
Players can play directly and pay easily by choosing their bank from the provided list. With this offer, withdrawals are significantly simplified. Additionally, players can play directly and bypass the sometimes limiting steps of verifications and other traditional procedures on online gaming sites.
How to use Trustly at an online casino?
For players as well as online casinos, the Trustly payment method is very convenient. With tools that facilitate deposits and withdrawals, both sides can only rejoice. To make a deposit, the player must select Trustly from the list of payment methods on their online casino. The page is then redirected to a list of banks. The player then makes their choice, enters their credentials, and finally confirms the amount to be deposited on the online casino.
As mentioned earlier, the deposit is instant. Withdrawals of earnings are also allowed. Transactions made with Trustly are secured, especially since the platform managed by Trustly AB is regulated by Finansinspektionen, which is based in Sweden.
The pros and cons of Trustly
This system lives up to its name, as it is reliable. The transactions are fast. The availability of offers specifically dedicated to games attracts players and facilitates access to games. Furthermore, the fees charged are reasonable. However, Trustly has disadvantages. Its use is limited to countries where it is authorized. The transactions are always recorded on statements, which is not pleasant for everyone.