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Launched in 2008, Trustly is a fintech startup based in Stockholm that accepts payments on thousands of websites. The payment method has gained in popularity among internet shoppers for good reason.

As an intermediary between clients and operators, the service allows you to safely transfer funds from your bank account to your online casino without sharing your personal information.

Trustly Casinos Pros & Cons

If you’re not sure if Trustly is right for you, this list of advantages and cons can assist.

Pros

  • No need to form an account — Since Trustly operates by linking bank accounts, no account is required.
  • Trustly is completely free to use.
  • Trustly users don’t exchange financial information while depositing at an online casino, making it one of the safest.
  • It is suitable for high rollers due to large deposit and withdrawal restrictions.
  • Swedish Financial Supervisory Authority – Over 8,000 merchants trust Trustly as a secure payment solution.
  • Unlike e-wallets, Trustly withdrawals are usually processed within 24 hours.

Cons

  • It’s not as widespread as debit cards or e-wallets, thus not all casinos accept it.
  • Bonuses and promotions may be restricted if your online casino does not accept Trustly deposits. Inquire about the bonus’s payment methods eligibility.
  • Fees — Trustly won’t charge fees for deposits or withdrawals, and the casino won’t either. However, your bank may charge costs for Trustly transactions, so check before sending money.
  • Supported Banks: ‘Other Bank’ may work, but you will need to provide your card data;
  • Slow withdrawals – Trustly withdrawals are usually swift, but can take up to five business days in some situations.

How Trustly Compares Against Other Payment Methods

In general, the best online casinos accept a number of payment methods, including Trustly. If you’re curious how Trustly stacks up against the competition, here are some comparisons. Casinos on the go

Cards

While debit cards are a safe and simple way to pay, Trustly provides a few major advantages.

The most significant part is data exchange – in other words, you need to submit your card details into your online casino’s cashier website in order to set up payments.

You don’t need to disclose your details with anyone, and Trustly won’t save any information you enter to initiate the payment.

Trustly also receives withdrawals faster than debit cards, however this varies by operator.

e-Wallets

While e-wallets are faster than Trustly for online casino withdrawals, they are less convenient. Using an e-wallet like Neteller, you’ll need to open an account if you haven’t already, and then link it to your bank account or top up the sum with a debit or credit card. You don’t need to sign up for anything else but internet banking to use Trustly.

While you will need to create an account to use PayPal’s e-wallet fully, you can normally check out as a guest. Like e-wallets, Trustly requires no bank account information since you log in via online banking.

When comparing Trustly and e-wallets, the winner is determined by your needs. Trustly is simple: join in to online banking and pay instantaneously. However, e-wallets provide a wider range of services, frequently worth the effort of signing up.

Pay by Phone

Pay by phone, using services like Boku, is becoming more popular as a means to deposit without giving your personal information to your online casino.

The main disadvantage is that Pay by Phone cannot handle withdrawals, whereas Trustly can. Check the terms and conditions of your online casino to see if Trustly is available for withdrawal.

Pay-As-You

Prepaid cards, like Paysafecard, are a wonderful option to make deposits without disclosing personal information with an online casino due to their ephemeral nature and limited money.

Prepaid cards are a safe and efficient way to make deposits, but they cannot be used to withdraw funds from your online wallet.

If your online casino accepts Trustly withdrawals, you can deposit and withdraw without giving up the security of prepaid cards.

Bank Wire

While a standard bank transfer requires your account number and sort code, Trustly just requires your online banking login information and deletes your personal details once the transaction is complete.

Trustly is also speedier when it comes to processing withdrawals, especially since bank transfers are normally the slowest method.