Trustly is an online payment method launched in 2008, in Sweden, that allows users to pay for various online purchases directly from their bank accounts. Trustly wasn’t designed as an online betting payment method, however, the transactions speed and wide availability made the payment option one of the most popular in the countries where it’s available. It offers multiple benefits like not having to create another account, no need for an extra set of login credentials, and zero fees which make the betting experience a lot smoother.
Proving to be an outstanding payment method for online betting, Trustly spread quickly and is now available in 30 countries. To find out more about where Trustly is available and how it works for payments and withdrawals at online bookmakers, check out the review our team put together.
Depositing with Trusty guarantees that you will be able to claim the first deposit bonus at any bookmaker that offers such a reward. Not only that you won’t have to worry about any restrictions or the welcome bonus not being awarded to you, but depositing with Trustly can also help with verifying your account. Since the payment method is closely tied with the bank account of the user, it is a trusted source to verify the identity of the players, a check that all bookmakers are obliged to perform at some point during the activity.
Even more than that, there are online bookmakers that allow you to login via Trustly so you won’t have to spend time filling out registration forms. You just have to use your banking credentials through Trustly and you will be able to create an account at the online sportsbook of choice, verify the account instantly, and enjoy a smoother gameplay as well as higher limits for deposits and withdrawals.
Depositing with Trustly at an online bookmaker is a straightforward process. Even if it’s your first time making a deposit with trustyly, everything is clear and smooth so that you can enjoy an excellent betting experience. We’ve put together the steps to follow to make a successful Trustly deposit leaving from the premise that you already created an account both with Trustly and the bookmaker you’re depositing at.
The usual minimum deposit accepted by online sportsbooks via Trustly is €10 but this amount can vary from one bookmaker to another. There’s no tax or fee you need to worry about when using this payment method, however, you should always double check the cashier to see if the bookie added any fees of its own.
Requesting a withdrawal with Trustly is just as simple as making a deposit. Once you have the funds in your account, you can start placing the bets and when you strike the win you are after, taking the funds out is a piece of cake. Actually, the process is very similar to making a deposit with Trustly, so we won’t do a step-by-step list for it. Instead, we’re just going to tell you about the differences compared to depositing via Trustly. So, after you access the cashier, click on “Withdrawal” instead and type in the amount you wish to cashout. Select Trustly once again from the list and confirm the withdrawal.
You won’t have to login to internet banking this time since you already used Trustly to make a deposit and the vast majority of bookmakers will remember your choice. Also, you won’t have to confirm the transaction as this step is only required for funds leaving your bank account.
Once you go through the withdrawal process and complete the steps described above, the bookie will proceed to processing your withdrawal. You should know that there are no fees applied to Trustly withdrawals and once the transaction is approved by the bookmaker, the money should reach your account in a couple of hours. The minimum withdrawal amount via Trustly is €20 and you should also note that not all bookmakers out there support Trustly as a withdrawal method. If you want to be certain Trustly is offered for withdrawals, choose a bookmaker on this page. Or, double check with the customer support before creating a new account.
Besides instant transactions with no fees and fast withdrawals, another benefit of using Trustly is that you won’t have to create a new account to use it. All you need to use trustly is a private bank account and access to internet banking, nothing else. You won’t need to fill out any forms or share any kind of personal information to use this payment option. Just use the login credentials the bank gave you for internet banking and you’re good to go.
Besides owning a private bank account, it is recommended that you use the local currency for the account you open at a bank. Currently, Trustly supports the following currencies:
Since there’s no need to open an account to use Trustly, you won’t need to verify it afterwards either. Your identity is already checked by the bank upon opening the account so there’s no need for an extra KYC check from Trustly.
As previously specified, there are no fees for using Trustly to top-up your account with online bookmakers. No matter if you deposit funds or request a withdrawal, the operations should come with no fees. Also, you don’t have to worry about any monthly fees from your bank for using Trustly.
After being established in Sweden early in 2008, Trustly started to gradually pick up momentum. Right after the Trustly was founded, the first contracts with Internet retailers started to appear. 2009 came with a round of investment that led to a second generation technical platform being developed. In 2010, Trustly started to expand to other countries and chose Malta as the first country to establish an office outside Sweden. In the same year, Trustly reached the one million transactions mark.
In 2016, Trustly started to focus on the online betting and gambling industry by rolling out the Pay’n Play service which quickly made the payment option one of the most popular among punters. After forming partnerships with Groupon, PayPal and PayWithMyBank, Trustly became a truly global payment option.
Even though it’s available in 30 countries right now, Trustly is still enjoying a much larger popularity in its home country, Sweden, as well as Norway, Finland and Malta. However, all the territories where Trustly is available can be considered important markets.