Trustly is a Swedish company, based in Stockholm, which came into existence in 2008 with a slogan, “Shop and pay from your bank account”. It is a privately held corporation, owned entirely by the Trustly Group, which is also based in Sweden. In 2014, Bridgepoint Development Capital (BDC) bought a minority stake in Trustly for £23 million ($ 30 million). Trustly offers Online Banking payments (OBeP) through direct-payment technology, which transfers funds instantly over the globe.
Terms & Conditions: This starts with the look and feel of the site which is a classic dark blue, with elements that are not static. As a new member on the site, then you will be able to experience and benefit from the welcome bonus package which makes it possible to get up to a very generous 200% up to £400 + 50 bonus Spins. The games are made available from more than 15 software providers, and there are a number of payment options available for you to choose from to.
Recommendation: Our recommended new Trustly casinos from 2017 are NY Spins with an exciting environment, plenty of games and 20 free spins on registration, along with Casilando – the highest rated new casino site by our users.
Getting big in Europe In 2015, Trustly has expanded its network across all the 29 countries of EU and has set up regional head offices in Spain, Germany, the UK, and Malta. It also has active operations in smaller countries like Estonia, Latvia, Slovenia, Lithuania, etc. and connects the entire region financially with the rest of Europe. Trustly is regulated by Finansinspektionen, the Swedish Financial Supervisory Authority, which administers the one of the highest standards of e-banking in Europe.
Advantages + Instant payments + Tie-Ups with 100+ banks and 800+ retailers + No service charges for end-users + Safe and secure + Users can be anonymous
Disadvantages – Limited to Europe – Does not support GBP and USD – Online casinos/banks may charge you extra for using Trustly
Company Name: Trustly Group Slogan: Shop and pay from your bank account. Simple, secure and fast E-mail: [email protected] Website: www.trustly.com Supervised by: Swedish Financial Supervisory Authority Transaction Time: Instant Min Transaction: 10 $/£/€ Deposit Fee: 0 $/£/€ charged by Trustly
Established: 2008 Address: Sweden, Norrtullsgatan 6, 113 29 Stockholm Phone Number: 46 8 50 52 11 20 Company Number: 556754-8655 Security: Highest available encryption standard and bank’s security Currencies: 5 Max Transaction: – Withdrawal Fee: NA
Where can you find Trustly? Apart from serving online casinos and e-commerce platforms, Trustly has a vast chain of brick-and-mortar retailers across Europe that accepts payments through Trustly. They have also teamed up with 100+ banks to provide seamless services to its users. Trustly has gained a lot of popularity, after its 2014 makeover, clocking an 85% growth rate in revenues in 2015. As of 2016, Trustly has annualized 3.5 billion euros worth of completed transactions. Each month 1.7 million secure payments made through Trustly, a number which is growing day by day.
Closely connected with Scandinavian banks Trustly is particularly popular in Scandinavian countries as it has deep networks with regional banks, retailers, merchants and other financial organizations. People residing in Sweden, Norway and Finland can easily link their Trustly account with their Mobile Bank ID, a process many Scandinavian banks use to validate payments through mobile SIM cards. Currently, the following banks have Bank ID integrated with Trustly: Swedbank, Handelsbanken, SEB, Nordea, Danske Bank, Forex Bank, Ica Banken och Skandiabanken.
Trusty has also partnered with Groupon Sweden, which is a popular merchant for discounted retail products and services. Recently many global payment giants have included Trustly into their portfolio as a valid payment gateway. Some of the names include Kalixa Group, Computop, Adyen, Smart2Pay, and Acapture. In 2014, PayPal became the latest to join the Trustly Group, which enabled users to recharge their PayPal accounts through Trustly. Earlier, it would take up to 2-3 days for the fund’s transfer to complete in PayPal, via the traditional bank transfer route. Now, payments are processed immediately in the blink of an eye.
A really secure payment service online Trustly is also at the forefront of banking security and continuously strives to develop better financial products. Once such project that Trustly invested in, is the Open Source Bank API project, which is aimed to reduce transaction costs and create an unbreakable security chain. It is aimed to replace the earlier centralized SWIFT system and turn banking transactions into a peer-to-peer, open source funds transfer platform. The project is free for anyone to use, and its source code can be found in MIT Open Course Ware License section. For its untiring efforts to revolutionize banking, Deloitte Sweden Technology listed Trustly as the fifth fastest growing tech company in 2015. In 2017, it was ranked at #242 as Europe’s top 1000 Fastest Growing Companies by Financial Times.
Using Trustly at New Casinos
Trustly provides payment gateways as Direct bank e-Payments, which means it acts as an intermediary between your online bank account and most of the leading new online casinos from 2017. This can save you a lot of time and keep your identity anonymous. Trustly can safely be used to process payments if you have online banks accounts with banks that accept Trustly. Currently, all major banks of Europe like Danske Bank, Djurskand, Skjern Bank, Banco Santander, Bankia, Alior Bank, Bank Millennium, Bank Pekao, Getin Bank, ING BankOnLine, Danske bank, Nordea, etc. accept payments via Trustly. You would need your address, phone number, and bank account details to complete the registration process. This information is secure and is never shared with any other company/individual/organization. Trustly doesn’t require any debit/credit cards, you just need a functional online bank account.
Once you complete the registration process in Trustly, you can use can deposit funds into your new online casino. First, you need to make sure that Trustly is accepted as a deposit method. You will find Trustly under online banking, in the “Cashier” section of the online casino. Next, put in your deposit amount and any promo code, if applicable, and then select Trustly as your payment gateway. You will now be redirected to Trustly’s official website, where you need to log in and validate your request. The validation process requires a one-time security pass, issued by your bank. You will then be redirected back to the cashier page of your online casino, where you can see your fresh funds. Payments are usually processed instantly, though in some cases it may take a couple of minutes. Trustly will notify you about the payment status with an email, which will mention the payment details for future reference. Trustly only process payments made in DKK, EUR, PLN, and SEK. No other currency is accepted in its Direct bank e-Payments. You can also take payments through Trustly if your online casino has the option. Simply select the Fast Bank Transfer option and enter your Trustly ID. Once the payment is processed, you will find your bank account credited, usually within 2-4 days.
Trustly doesn’t charge its end-users but charges the merchants for using their platform. When depositing funds, via Trustly, always check if the online casino is charging any extra charges. Usually, deposits aren’t charged by online casinos, but most withdrawals through Trustly are charged. Sometimes, your bank may also charge you money for accepting withdrawals from Trustly. Trustly users enjoy a relatively high deposit limit of £/€/$ 10,000 and maximum withdrawal limit of £/€/$ 100,000. The minimum limit is capped at £/€/$ 10 for deposits, and £/€/$ 25 for withdrawals.