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Trustly is a Swedish based payment provider that was established relatively not long ago. Since its inception it has been a success. Their customer base grew month by month, which eventually resulted in Trustly becoming available in other countries, not being exclusive only to Sweden. Today it’s available almost in every EU market. Online casino operators, but online casino players as well, consider Trustly as a payment method of choice soon after Trustly became available in Malta. There’s been certain accusations made by other financial institutions, but this has had no effect on Trustly’s reputation as a payment provider.
It allows customers to pay online directly from their bank account. In other words, it’s an online banking method. The middle man is cut out from point A to point B. This means the fees and the overall transaction costs are lower than the market average. Instead of having to fund your account via credit card and pay the extra charge, Trustly makes this cost efficient by transferring money from your current or savings account to the merchant, or in this case, the online casino.
Trustly has made significant efforts to expand its network in the igaming market, which eventually resulted in creating some core partnerships with the biggest online casino operators like Bet365, LeoVegas, Mr. Green Casino and Betsson to name a few.
As you might know, online casino players have to go through a standard KYC document check in order to make withdrawals. Trustly requires the same, which adds to the overall security of your money. Note, the online casino operator will ask for the KYC documents. The connection between Trustly and the bank account is encrypted and secure. Furthermore, Trustly is regulated by the Swedish Financial Supervisory Authority.
All transactions are fee free. The online casino operator pays a service cost to Trustly. The deposits you’re going to make to the online casino are free of charge. However, Trustly makes the agreements and the pricing on an individual basis, depending on the size of the casino and the frequency of payments.Certain discrepancies might occur. The rule of thumb is that Trustly transfers are free.