Funding your online betting accounts is easier today than ever before with new payment methods popping up all the time.
Many of those new payment services originated in Scandinavia or Northern Europe. Once such is Trustly, a service founded in Sweden back in 2008. It’s now a payment method that extends across 29 different European countries. Read on if you want to find out which betting sites let you deposit with Trustly. As well as whether the payment method might be the right choice for you.
Best Trustly Betting Sites: Top 7
The following is a list of the best sites for betting with Trustly:
*Info accurate as of 03-06-2020.
Tustly: Limits & Timescales
What is Trustly?
Trustly is an online payment method for making purchases direct from your bank account. Run by a Swedish fintech firm of the same name, Trustly allows for transactions without debit or credit cards. You don’t need to register to use Trustly for online purchases. The service acts as an intermediary between your online bank and an online merchant.
How Long Do Deposits & Withdrawals Take?
Depositing into a betting site using Trustly is an immediate process with limits ranging from £/€10-10,000. Withdrawals take between 5 and 10 business days to hit your bank account.
Which Banks Work With Trustly?
There are too many banks to list which work with Trustly however some of the major UK and Irish banks that cooperate with them include: Barclays, Halifax, HSBC, Lloyds, Nationwide, NatWest, RBS, Santander, Ulster Bank, Allied Irish Bank and Bank of Ireland.
How to Use Trustly for Online Gambling
Trustly is an all-purpose online payment service. It’s not designed specifically for betting purposes. Making a deposit to a betting site with Trustly, though, works just like any other transaction. All you have to do is to follow these simple steps:
- Check that your online bank works with Trustly. Ensure the betting site you’re depositing to caters for the payment method.
- Go to your chosen betting site and log in to the account you want to deposit to.
- Head to the ‘Cashier’ or to the ‘Deposit’ area of your account, as you would to make any other kind of deposit.
- Find the bookie’s list of available payment methods. Choose ‘Trustly’ from that list.
- Input the amount you wish to deposit in the dialogue box provide. Then click the button to confirm the deposit. That button will often read ‘Deposit’, ‘Confirm’, or something similar. It depends on the exact betting site you’re using.
- Clicking that button will automatically load up the Trustly website. On that site you must choose the bank that you have an account with, from the list provided.
- That will then take you to the website of the relevant bank. Log in to your online banking and select the account you want to make your deposit from.
- Confirm the transaction (the deposit to your betting account). You can use your preferred authorisation method. That may be entering a PIN or a passcode, or perhaps authorising the transaction via text message.
- Your chosen funds will then be available to use in your chosen betting account.
Withdrawals: You can use Trustly for withdrawals pretty much across the board where it’s accepted for deposits. Making a Trustly withdrawal is also swift and straightforward. Once you’ve chosen it as a withdrawal option the process is exactly the same as making a deposit. You simply access your online bank through Trustly and authorise the withdrawal (they usually take 5-10 working days to process).
Trustly & Fees
You don’t have to register to use Trustly for online payments. You also never provide the company with any personal information. Trustly do not charge a fee to consumers who complete transactions via their service. Instead, they make their money on the merchant side.
Betting sites who accept Trustly as a payment method don’t apply fees either to deposits or withdrawals made via the payment service. In fact, if you see that a betting site does charge for payments, you’re best off taking your customer elsewhere.
The only way you may have to pay for Trustly transactions is through your online bank. Some banks and some accounts do stick you with charges for certain types of transactions. It’s worth checking with your bank whether they will charge you for using Trustly for an account.
Advantages & Disadvantages of Trustly
- Trustly transactions benefit from the top-level cybersecurity used by online banks.
- You can deposit to a betting site without giving that site any card details or other sensitive info.
- Deposits made via Trustly are instant.
- Trustly still isn’t available in all countries or for all banks.
- Some bookies that do accept Trustly limit its use to certain nations. Even though banks in other countries do work with the payment service.
- Some online banks do apply fees to Trustly transactions for some types of accounts.
Trustly was founded in Sweden in 2008. In the same year, the firm started to partner with its first online banks and merchants. The viability and promise of the service Trustly offered was apparent from the off. In 2010, Trustly’s Malta office opened, as the first of the business’s premises outside of Sweden.
New Trustly offices continued to open across Europe in the following years. Further, more significant strategic partnerships were also signed. In 2014 alone, Trustly began working with both PayPal and Groupon. In 2019, the firm can reach customers in 29 different countries. It has handled over €10 billion worth of transactions and employs more than 200 people.