Trusty is a Swedish fintech company that provides instant and secure online payments, acting as an interface between casinos and bank accounts. Read our review to find out how it works and which gaming portals you can use this service on!
What is Trustly?
Trustly, a fintech company born in Sweden in 2008, stands out in today's landscape of the online payment market thanks to its innovative approach.
In short, Trustly performs secure, instant, and free transactions on behalf of customers through their bank accounts on any platform that supports its products. You can find this payment method available on online casinos, e-commerce websites, financial services, and travel portals.
Trustly's offices are spread across Barcelona, London, Cologne, Helsinki, and Stockholm (the company's headquarters). Trustly is subject to review by the Swedish Financial Supervisory Authority and the Swedish Data Protection Authority, as well as being a member of the European Payment Institutions Federation (EPIF).
The company is defined and regulated as a Payment Initiation Service Provider (PISP), which is a type of operator that acts as an intermediary between the payer and their online payment account, taking charge of initiating the payment transaction on behalf of the user, in favor of a third-party beneficiary.
Trustly enjoys great popularity in Nordic countries such as Sweden, Denmark, Norway, Finland, and Germany. More than 3,000 banks have partnered with the Scandinavian company, becoming part of its network of financial institutions. The services of this payment provider are available in 30 countries, including Italy. The company's international expansion was one of the topics discussed in an interview with Josef Darmark, Chief Product Officer of Trustly, during the Sigma 2019 event, where Trustly received the award for Best Payment Provider of the Year.
The spread of Trustly is largely due to its Pay N Play solution (translatable as "Pay and Play"), designed for the online gaming and betting sector.
By choosing this tool, a player can complete a payment in any online casino or bookmaker, easily skipping often tedious steps such as website registration or identity verification. This way, it is possible to start playing almost immediately with casino products, as the banking credentials entered on Trustly are used for user verification purposes.
To use Trustly, you need to be a customer of an online store or casino that has partnered a partnership with the Swedish company.
There are currently two gaming operators with an Legal license that have integrated Trustly into their system: LeoVegas (withdrawals) and Unibet (deposits). In both cases, the use of the provider does not incur additional commission costs for players.
On LeoVegas, the minimum withdrawal allowed is $20 and the maximum withdrawal is $50,000. Withdrawals of winnings take between 12 and 48 hours to be processed. The affiliated banks are: [no further information provided].
- Banca Popolare di Milano
- Popular Bank of Vicenza
- Mediolanum Bank
- BNL BNP Paribas
- Bank of the Marches
- BPM desk
- Carige Bank
At Unibet, the minimum deposit through Trustly is $10, while the maximum is $6,000. The circuit of affiliated banks includes:
- Carige Bank
- Mediolanum Bank
- Post office
- BCC (Relax Banking)
- BPER Bank
- Credem Bank
- ING DIRECT
If you want to know about the online casinos mentioned in this paragraph, read our reviews of LeoVegas e Unibet .
Trustly's services: Pay N Play online casino
Using Trustly's Pay N Play, it is possible to register at casinos through a bank transfer with your own online bank account. The entire process is completed within a few minutes on the gaming platform itself.
There are no other windows to open in the browser, new accounts to create, software to install, e-wallets to manage, nor sensitive data or credit card numbers to share with operators.
In the case of their first deposit at the casino, the player has the opportunity to access the gaming experience directly without any time loss due to site registration, identity verification, and transaction approval. All of these stages are condensed and simplified into a single continuous flow.
The benefits are mutual for both players and online casinos. The former eliminate downtime, while the latter increase their conversion rate, managing to be both compliant with KYC (Know Your Customer) regulations and relieved of the obligation to request personal data from new members.
How to make deposits and withdrawals at Trustly casinos
Making a Pay N Play transaction at Trustly online casinos is pretty straightforward. The entire procedure can be summarized in a few steps:
- Select the Trustly icon from the payment options on your gaming platform.
- Log in to your online bank and select the account you want to link to Trustly.
- Trustly collects the KYC data available on your bank account, guaranteeing the information provided to the gaming operator.
- At this point, all you have to do is confirm the transaction. And remember: your credentials will not be recorded on Trustly's servers, which, by the way, uses advanced encryption techniques to ensure the security of user data.
If you want to know more about the providers and payment methods accepted in online casinos, here you will find the page that is right for you. We also remind you that you can stay updated on the latest developments in this area by following our News section.