Can you trust Trustly when making deposits at online casinos?

Online casinos have been a rapidly growing industry in recent years. With more people moving their gambling habits online, there has also been a growing focus on how to make that movement as seamless and as safe as possible. There are many different payment options available to you, some of which you may have never heard of before. Trustly is one of those.

It might be a name that is quite familiar in the banking and finance industries, but it may not be for the everyday gambler. $1.2 quadrillion was spent via cashless payment methods in 2018, and that number has only increased since then. Trustly has played a big role in this increased online spending.

If you’ve ever found yourself hesitating before clicking that “Deposit with Trustly” button, then you’re certainly not alone. It’s a newish name in the world of casino deposits, and some people just aren’t entirely sure what they should expect when using the service.

The thing is, however, that Trustly has gained significant traction in the betting industry – and for very good reason. So, can you trust Trustly with your online casino deposits? Let’s find out.

Trustly: What is it?

Before we dive into the pros and cons of this particular casino payment method, we should probably clear up one point: Trustly is not an e-wallet. This is an important distinction and is the primary reason why many people are surprised when they discover that Trustly does not require them to register an account or “top-up” any balance in order to make a deposit to a casino. With Trustly, you essentially deposit your money directly from your bank account. 

The platform essentially acts as a middleman between the casino and your bank, and it never sees or requires your bank details from you. It’s this “middleman” approach that gives some players that added sense of comfort in using Trustly.

This Sweden-based FinTech company is regulated in the same way that banks and other payment institutions are. It’s licensed by the Swedish Financial Supervisory Authority (SFSA). This is a serious regulatory body and is not to be taken lightly. The SFSA is a government authority in charge of overseeing Swedish banks, insurance companies, investment firms, pension funds, payment companies and many other financial institutions. It also has to abide by EU banking regulations.

Speed is of the essence

What is impressive about Trustly is that it is incredibly fast. Trustly makes it very easy to deposit funds into your casino account. There are no logins or credentials to create, nor do you have to remember another password. Just select your bank, enter your login information, and approve the payment. The transaction will usually be confirmed immediately, and the funds will be available in your account.

Casinos and payment providers are always trying to come up with methods that will give you access to your money right away. This is one of the main reasons why Trustly casinos are often considered to be some of the best online casinos worldwide – they are incredibly quick and painless.

You can use it to withdraw funds

What’s more, while some payment methods are only accepted for casino deposits but not for casino withdrawals, Trustly is one of the payment methods that can usually be used for both. And yes, Trustly casino withdrawals are just as fast as the deposits are. This, again, can be a big plus.

A common complaint that players have with other payment methods is that you have to use different solutions for deposits and withdrawals. In some cases, using Trustly makes this process seamless, meaning that you can have your money in your account just as quickly as you can add it.

How safe is Trustly at online casinos?

It’s a given that online casino players are generally pretty concerned with the safety of their information when it comes to payment providers. You are entrusting them with your private and sensitive data, after all, and you don’t want your details to end up in the wrong hands or on the dark web. Trustly knows this – they use strong encryption and do not store your login details. Your information is passed only between you and your bank.

Remember, we mentioned that Trustly has to operate in accordance with EU banking regulations? Well, that should give you some peace of mind, too. Trustly may be an independent payment processor but it’s not some shady Eastern European company operating from some fly-by-night office. The whole process is more transparent and can be deemed as a lot safer as a result.

Not all banks are accepted by Trustly

One potential issue to note, however, is that depending on your location, some banks might not be accepted by Trustly. They may support a number of banks across Europe, but depending on your country, it’s still best to check that yours is supported before you try and deposit with it. You might have a surprise waiting for you on the other end if you don’t!

Additionally, some users have reported that some banks will automatically put Trustly transactions on review, which can delay the transaction. It’s not something that will happen often but is something to be aware of if you’re keen on using Trustly and are making a deposit in time for a big sporting event or the big game, for instance.

The wrap-up

Trustly is one of the most trusted online casino payment methods around. Fast, secure, easy to use and fully regulated and licensed, there’s a reason why it’s a huge favourite among players and online casinos alike. While it might not be suitable for everyone (if your bank isn’t supported, for example), for the majority of players, Trustly is an incredibly easy and safe payment solution.

Online casinos are always having to evolve and adapt in the increasingly competitive iGaming industry. Payment solutions are a huge part of that, and as casinos try and come up with new ways to ensure they can serve players in as seamless and secure a way as possible, services like Trustly are set to grow in importance.

If you are in the market for a trustworthy and easy-to-use payment solution, Trustly should definitely be one of the services at the top of your list. Just make sure you are on a licensed and reputable casino site, of course, and you’ll be as safe as can be!