What is Trustly?
Initially known as InstantBank, Trustly is a Swedish financial institution that has its main office in Stockholm. It also has sub-offices in Spain and Malta. At the time of creating this article, the Trustly payment option was available in 29 countries worldwide. Trustly is also popular among bettors. Trustly betting sites will keep you safe as they are usually regulated by the Malta gaming authority or the UK Gambling Licence.
💰 Is Trustly safe?
✅ Yes, Trustly is a safe and secure way to make online payments. The company uses the latest security technology to protect your personal and financial information. In addition, Trustly is regulated by the Financial Conduct Authority (FCA) in the UK. This means that the company must meet strict standards for customer protection. If you have any concerns.
💰 How Trustly works?
Trustly is a Swedish fintech company that offers an online payment method based on instant bank transfers. In other words, with Trustly you can shop and pay directly from your bank account without using a credit or debit card.
💰 How to use Trustly for gambling?
If you're looking for a safe and convenient way to gamble online, Trustly is a great option. Here's how to use Trustly:
1. Create an account with a Trustly-supported gambling site or betting sites that accept Trustly. There are a number of Trustly gambling sites to choose from.
2. Choose Trustly as your payment method.
3. Enter your banking details and the amount you want to deposit.
4. Follow the instructions on screen and confirm the transaction.
5. Start gambling and betting with Trustly!
💰 What betting sites use Trustly?
Mostly betting sites that use Trustly have Malta or UK gaming licenses, which means that sports betting with Trustly are very safe and secure.
💰 Is Trustly legit?
✅ Yes, Trustly is a legit company. They are a licensed payment institution and have been operating since 2008. In addition, they are registered with the Financial Conduct Authority in the UK. Trustly is also a member of the European Payment Institutions Federation.
💰 What is Trustly alternatives for gambling?
One popular alternative to Trustly is Neteller. Neteller is an e-wallet that you can use to store funds and make online payments. It's available in more than 200 countries and 26 currencies, so it's a good option if you're looking for global coverage.
Over one million purchases are made using Trustly each month. It is also popular in the USA, while many punters in Western European countries also use Trustly, including those from the United Kingdom, Italy, France, Spain, Portugal, and Germany.
How to Bet with Trustly
In terms of sports betting, it is simple to use Trustly. You can use it to fund your account and withdraw winnings. One of the things that make Trustly a popular banking method is that it is easy to use for both experienced punters and novices.
On top of that, it has gained such massive popularity as it is accepted by a significant number of betting companies, so it would not be challenging to find the best one to enjoy your gambling journey with.
The first thing you need to do as a sports bettor is to choose one of the recommended sportsbooks and sign up with it. After a successful account creation process, navigate to the cashier section and choose Trustly as your preferred deposit method. Once you select Trustly, indicate the amount of cash you want to deposit and a Trustly deposit promo code if it's available.
After authorizing your transaction, you'll receive a confirmation message with deposit information. The time it takes your money to reflect in your account varies between some minutes and two weekdays, depending on your bank's policy.
Some Trustly sports betting sites will offer you a first deposit bonus after funding your account through Trustly. You can then use the bonus or the amount you have deposited to place your first wager.
Apart from making deposits, you can also use Trustly to withdraw winnings from your sportsbook. This’s good news for all punters since they’re spared the inconvenience of using different methods to withdraw their winnings. The procedure of withdrawing funds is almost the same as making a deposit.
It doesn't matter whether you use the Pay N Play option or the conventional login process; you must visit the cashier section, navigate to withdrawals and choose Trustly. After that, determine the amount, choose your bank and then authorize the transaction.
Be sure to go through the terms and conditions of your sportsbook of choice before you can start either the deposit or withdrawal process. Doing so will help you avoid additional charges or unnecessary delays.
Withdrawals usually don't take long, but KYC verification is still standard practice, so you'll need to provide copies of your ID documents and additional personal details. In simple terms, Trustly doesn't impose long withdrawal processes, but as a result of the bureaucratic essence of financial institutions, it can take up to three business days before you can get your hands on winnings.
Benefits of Using Trustly Betting Sites
Trustly is one of the best bookmaker payment options available for selection, and gamblers have many reasons to bet on a site that supports it. Almost zero fees, no need to sign up, and quick deposits are some of the main benefits. So let's look at all the benefits Trustly bookmakers bring to the table.
Instant Transactions: Trustly processes all transactions safely and quickly. The possibility of a deposit rejection is almost zero. If you want to place bets on live events, then your final destination should be a Trustly sportsbooks. The almost instantly processed deposits allow for live betting.
Widely Used by Betting Sites: Trustly is a popular payment method not only in America but also in Europe since it has a strong reputation. Due to this, it isn't tough to find a reputable Trustly betting site.
Low to Zero Fees: You'll not incur any fees when you make a deposit or withdraw any amount of cash from your bookie account. However, a few betting sites will charge you a small fee. At the same time, you may also need to pay a fee to your bank when making transactions. To learn more about any fees, you should contact your bank or bookmaker.
No Need to Open an Account: With a Trustly sportsbook, you can avoid the account creation process and just proceed with KYC. On betting sites with Trustly, you just need to pick it as your payment method and hold an account with one of the collaborating banks.
Eligibility for a Welcome Offer: In most cases, making a deposit on a Trustly betting sites means that you’re eligible for a new player offer. Moreover, you can claim any new package or take part in any promotion.
Trustly Sports Betting with the Local Currency: It’s important to note that you can gamble with your local currency. And this means that you can avoid conversion fees.
Disadvantages of Using Trustly
Similar to any other method of payment, Trustly comes with some disadvantages, like not accepting digital currencies and a lack of an app. Check all the disadvantages below:
Trustly can only be funded through a Bank Account: Many methods of payment can be funded in numerous ways. So it’s a disadvantage that you can only top up your Trustly account through a bank.
No Trustly App: While you can use Trustly through a mobile device to gamble with a sportsbook, the lack of an application is a shortcoming.
Not Accepting Cryptocurrencies: With the current technology, it is a drawback that punters cannot use money from their crypto wallets to deposit funds to a Trustly account. But you can use it to obtain crypto coins from an exchange that supports it.
Lack of a Physical Card: Bettors who use Trustly cannot withdraw their funds through ATMs since this payment method doesn’t have a plastic card.
Not Available in Many States: Currently, Trustly has approximately 525 million active accounts and works closely with 8100 merchants and 6300 banks. But it operates in 29 countries only.
Conclusion of Trustly Review
Trustly is one of the best payment options in the world of betting. As you have already seen, it offers many advantages to players and comes with just a few drawbacks. Thanks to its numerous benefits, Trustly is destined to become more widespread and accepted at betting platforms, from online casinos to bookmakers Trustly.
With the best Trustly betting sites, you can expect generous promotions and bonuses, the best deals, and value for your cash. To enjoy all these perks, you should be sure to choose one of the top-rated betting websites and open an account with it. Visit your site of choice and open an account for a welcome package and top-notch sports betting Trustly experience.