Trustly was launched in 2008 by the Swedish company Trustly Group AB, quickly asserting itself on the market as one of the best online open banking solutions. As opposed to an e-wallet, for which customers have to create an account, Trustly allows customers to pay with funds in their bank account without any middle-man action. In other words, the money goes from A to B, and Trustly simply handles the transaction.
The company has even partnered up with prominent e-wallets such as PayPal, and is thus widely used in the industry both among customers and companies. With that in mind, it is not strange that some casino sites offer Trustly as a payment method, making life easy for users who perhaps do not have an e-wallet.
Withdrawals are also pretty fast, being one of the reasons why many have switched over to the method.
As with any payment method, there are some pros and cons that punters will need to consider before making a decision. Below, we have put together three pros and three cons of Trustly:
Convenience and security: One of the main reasons for using Trustly is the convenience, with punters sending money straight from their bank account to the casino site. Furthermore, they can rest easy knowing that Trustly is a secure platform, not having to enter their details on a dodgy-looking website.
Instant deposits and fast withdrawals: Deposits with Trustly are instant, meaning punters can start wagering right away, and the withdrawals are actually pretty fast. In fact, they are comparable with the speed of e-wallets, but the big advantage is that the funds get sent straight to your bank account instead.
Minimal fees equal low deposits/withdrawals: As you perhaps have noticed, most of the sites that support Trustly also have a low minimum deposit/withdrawal amount for this method. That is because the fees that Trustly charges the casino sites are minimal, ultimately benefiting the punters in the end.
Not all casinos support it: As you can see in our list of the Trustly casino sites in the UK at the top of this page, some notable sites are missing. Indeed, Trustly is not supported by that many casino sites and this is something to take into consideration.
Welcome bonuses ineligibility: Most casino sites require you to deposit with a debit card to claim the welcome offer, often excluding some popular payment methods. Trustly is rarely eligible for the welcome offer, which is certainly a pitfall.
Not all banks support it: Just as some casinos do not support Trustly, the same can be said for the banks. The major ones do, of course, but this is another thing to double-check before making your decision.
For punters who are new to Trustly for online wagering in the UK, we have put together a step-by-step guide on how to deposit and withdraw with Trustly below:
Of course, the first step is to pick a casino that has Trustly as one of its payment methods. With our list at the top of this page, you can easily find these.
Once it is time to make a deposit or a withdrawal, you need to head over to the cashier section of the site. Buttons labelled 'Deposit' and 'Withdrawal' can usually be found in the account section, and these are the ones to tap on.
When you have reached the deposit/withdrawal page, you need to pick Trustly from the list of payment methods.
Once you have picked Trustly as your method, and entered an amount, you will be redirected to the Trustly portal where you can enter your bank details. Further instructions can be found on your screen. Of course, this step is only for first-time use.
That's it! You should now be redirected back to the casino site, either to see the deposited funds in your account and the lack of funds due to the withdrawal.
Isak is an experienced content writer with a background in sports journalism. Having focused mainly on football in the past, he certainly knows a thing or two about the betting industry and what makes a good bookie. At BettingLounge, he makes sure that the content is up-to-date and presented in the best way possible.