expert 7
Konstantin Mayskiy

Expert opinion

Trustly is a global payment system known for its instant account-to-account transfer capabilities. As a pioneer in Open Banking, Trustly has established a robust network connecting over 8,300 merchants with more than 12,000 banks worldwide, serving over 650 million consumers across 33 markets. Founded in 2008 in Stockholm, Trustly has significantly contributed to the advancement of Open Banking technologies, playing a pivotal role in the development of the EU's PSD2 regulation.

Best Trustly Casinos 2024

Trustly's seamless payment services make it a popular choice among online casinos. Some of the top Trustly casinos include the following.

Log in and register with Trustly

One of the major advantages of using Trustly is that it doesn't require users to create an account.

Users can simply select Trustly as a payment option on a merchant's website, choose their bank, verify their identity, and complete the transaction.

Here is a brief history of the company:

  • Trustly, originally named Glue Finance, was founded in 2008 in Stockholm, Sweden. In its first year, the company signed contracts with several online retailers and completed its initial investment round in 2009, initiating the development of its second-generation technical platform.
  • In 2010, Trustly began its geographical expansion, which led to a revenue increase of over 200%. The same year, the company processed over one million transactions and opened its first office outside of Sweden in Malta.
  • In 2011, Trustly launched its second-generation platform and sold 25% of the company to the investment group Alfvén & Didrikson.
  • By 2014, Trustly had formed strategic partnerships with Groupon and PayPal. The company reached the milestone of 10 million transactions and secured a €23 million investment from the risk capital firm Bridgepoint Capital (BDC) for a minority stake.
  • In 2016, Trustly introduced Pay N Play, a service that simplified online payments for gamblers. By 2022, over 200 brands supported this payment method. Trustly's rapid growth earned it a spot on the ‘FT 1000: Europe’s Fastest Growing Companies’ list in 2017, ranking #242.
  • In March 2018, Nordic Capital acquired a majority stake in the company, valuing it at approximately €700 million.
  • A significant merger occurred in June 2019 with Silicon Valley-based PayWithMyBank, expanding Trustly's reach to include both European and US consumers.
  • In June 2020, Trustly announced a new round of investment from a consortium led by BlackRock, which valued the company at close to $2 billion. Later that year, Trustly expanded into Canada and Australia, marking its entry into the Asia-Pacific region.
  • In April 2021, Trustly planned to go public on Nasdaq Stockholm with a valuation of almost $9 billion, but the listing was postponed due to regulatory concerns regarding customer due diligence.
  • In May 2022, Trustly acquired London-based Ecospend, a public sector payment specialist providing open banking services for HMRC.
  • Trustly further expanded in August 2023 by acquiring the Paris-based fintech company SlimPay for €70 million.
  • As of May 2024, Trustly's CEO indicated that an IPO is still at least a year away.

Trustly Wallet

As of now, Trustly does not offer a standalone wallet. Instead, it operates as a bridge between consumers’ bank accounts and merchants, facilitating secure and instant payments without the need for additional accounts or wallets.

Reliability and security

Trustly is highly reliable and secure, using the highest encryption standards in addition to the security measures of users’ banks. The company is a licensed payment institution under the Swedish Financial Supervisory Authority and regulated by the UK Financial Conduct Authority. Trustly never stores information that can be used to access bank accounts, ensuring maximum security for its users.

Customer service

Trustly provides comprehensive customer service, assisting users with any payment-related issues. Customers can contact Trustly through their contact form, and the company is responsive in handling issues related to fraudulent transactions, direct debits, and other payment queries.

Currently, Trustly does not offer a physical or virtual card. Their services are centered around facilitating direct bank payments and transfers.

Trustly in casinos Popular?

Many reliable online casinos offer Trustly as a method of depositing money and withdrawing winnings. 

How to Deposit in Trustly Casinos?

Depositing funds in Trustly casinos is straightforward:

  1. Select Trustly as the payment method.
  2. Choose your bank from the list.
  3. Log in to your bank account using your online banking credentials.
  4. Select the account to be debited.
  5. Confirm the transaction.

Then, just wait for your deposit.

How to Withdraw Funds from Trustly Casinos?

Withdrawing funds is equally simple:

  1. Go to the withdrawal section of the casino.
  2. Select Trustly as the withdrawal method.
  3. Choose your bank and log in using your online banking details.
  4. Select the account to which the funds should be credited.
  5. Confirm the transaction.

Soon, you will get your money.

Frequently asked Questions

🤝 Is Trustly safe to use?

Yes, Trustly employs the highest encryption standards and adheres to stringent regulatory requirements.

🛡 How does Trustly work to prevent fraud?

Trustly collaborates with banks, merchants, and authorities to detect and reverse fraudulent activities.

👛 What is Trustly?

Trustly is a global payment system that enables instant account-to-account transfers directly between consumers and merchants without requiring users to set up additional accounts. Founded in 2008 in Stockholm, Trustly is a pioneer in Open Banking, leveraging the latest technologies to offer secure, fast, and convenient payment solutions. Trustly is widely used for online payments, refunds, and direct debit transactions, making it a popular choice for e-commerce, gaming, and other digital transactions.

💲 How do I send funds using Trustly?

Select Trustly at checkout, choose your bank, and confirm the payment through your bank’s authentication process.

Pros
  • Fast deposits and withdrawals
  • High Security
  • No Account Needed
  • Wide Reach
Cons
  • No Wallet Service
  • Bank Dependence
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