Trustly – payment system
Trustly’s payment service is becoming increasingly popular due to the speed of transactions, lack of fees and high level of data security.
Nowadays there are many payment systems on the Internet, which carry out money transfers all over Europe. Trustly is one of the most attractive for the users, who live on the territory of European Union.
Among the services of Trustly there are: payment for various goods in on-line shops, rendering various financial assistance, on-line games and intermediary services of touristic nature. Not surprisingly, the service has really caught the interest of gamblers who play for money at online casinos.
Trustly – a payment service not on Gamstop
Trustly is owned by the Swedish company Trustly Group AB, headquartered in the Swedish capital Stockholm. The system expanded outside the country in 2009, after which its total profits doubled.
Since its launch, the service has partnered with more than 3,600 banking organisations in Europe, Australia and North America. As evidenced by statistical sources, the number of clients of the payment system increases from year to year. Thus, Trustly’s revenues for 2019 amounted to $150 million, which is almost twice as much as in the previous year.
The company is licensed as a European payment system provider, while Trustly is regulated by Swedish regulator SFSA. The service’s impeccable reputation is at an all-time high, as evidenced by numerous awards. For example, in 2019 the service won 3rd place among all European payment systems at the Fintech Awards.
The payment system is designed to simplify the work with the client’s bank account. Its main task is to remotely dispose of finances from the bank account.
The advantages of Trustly were noticed by numerous online casino providers and due to them, there was a significant growth of cooperation between online casino owners and the payment system. This led to the fact that Trustly became available not only at various gambling portals, but also at many popular bookmakers’ offices.
Trustly’s popularity is also growing in the UK at online casinos not on Gamstop, which is designed to limit access to gambling to addicted gamblers. The number of non-Gamstop casinos is growing and so is interest in the Trustly service in the British Isles.
How does Trustly work?
The Trustly payment system in the UK, as well as the rest of Europe, is required to perform transactions between a particular user and an online casino. All a gambler needs to do is to choose a payment option, after which the payment will be forwarded to Trustly. Now, the client of the portal only needs to enter the name of the bank, after which they will log in to the system.
The main advantage of Trustly as a payment method is that personal bank details are not given to the game resource as the system operates like a payment interface. Some payment systems work in a similar way but Trustly offers its users a bonus: unlike the above mentioned services, this payment system allows withdrawing your winnings without any problems. Additionally, the transactions made through Trustly are available on your bank account after only a few minutes. This means that the system is the fastest payment service provider at the moment for withdrawing winnings from casinos.
One of the definite pluses of Trustly is the automatic identity verification when you pay, so there is no need for the gaming portal to scan your documents. This certainly adds to Trustly’s popularity among online casino customers.
Registration procedure registration in the Trustly payment system
All services on the service are provided to both registered and unregistered players. Registration in Trustly system is necessary for the users who want to provide the highest safety of monetary transactions.
In order to complete the registration process, the user needs to fill out a form on the official website of the service. There are two versions of the form offered: for individuals and for entrepreneurs.
The form for individuals contains the following fields:
- Surname, first name, patronymic;
- telephone number;
- E-mail address;
- country of residence.
For entrepreneurs the following fields should be specified in the questionnaire
- name of the organisation;
- field of activity;
- information on licence and annual turnover;
- average size of the transfer.
All data entered by potential clients when making payments is entered by themselves. The Trustly system does not save them, sending all useful information to the banking interface via a secure connection.
Depositing your account at Trustly
At the moment, various online casinos offer the possibility of making deposits through Trustly.
To make a deposit to the system, the gambler should:
- Choose a convenient way to deposit on the site ressource;
- make a deposit and after clicking the “Pay” button, the player will be redirected to Trustly page;
- Login to the account with the username and password of the bank account and check the confirmation of payment.
It should be firmly understood that deposit methods depend on geographical location. Logging in to the portal from a country where the Internet resource is not supported does not offer a chance to deposit money into a bank account.
Withdrawing money via Trustly?
To withdraw money via Trustly, please follow the strict instructions.
- Go to the website and click on “My Account”.
- Click on “Withdraw” button in the menu which will be displayed.
- Choose instant payment method – Trustly.
- Enter the amount of payment and press the “Withdraw” button.
- After redirection to the website with a proposal to choose a bank enter details of the future payment to complete successfully the transaction.
- After the payment has been made, the user will be taken back to the cashier’s office where a message will be displayed indicating that the transaction has been completed.
Trustly’s guarantee of reliability and security
Trustly is supervised by the Swedish Financial Supervisory Authority and is known far beyond the country’s borders for its unattainable level of security in transactions. Trustly operates on the basis of innovative encryption methods, but has also obtained the special German TÜV certificate.
So users don’t have to worry about their personal details getting into the hands of third parties at all, so they can deposit and withdraw their winnings at any time using the Trustly payment system.
Advantages and disadvantages of Trustly payment service
This payment interface is designed to perform transactions between virtual gambling establishments and users. The payment system has been around for only about 15 years, but during this generally short period of time, it has managed to generate a lot of interest among many gambling people.
- no need to register to work in the system;
- absence of commission;
- fast execution of transactions;
- absence of any restrictions on deposits;
- high security level;
- strict anonymity;
- own mobile version.
- cooperation not with all banks;
- not working in all European countries.