Players can stay safe by using Trustly to make deposits and withdrawals from their bank account with online gambling operators situated throughout Europe.

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Financial technology company Trustly Group was established in 2008 after headquartering in Stockholm, Sweden. The company was able to secure online retail contracts from the outset and grew quickly in the first year, with many users adopting the service.

The Rise of Trustly

An initial round of investment was then concluded in 2009, thus allowing Trustly the opportunity to fund the early development of a second-generation platform. Following that, Trustly expanded out of Sweden in 2010 by founding an office in Malta, a renowned hub for iGaming operators.

The second-generation Trustly platform was eventually rolled out in 2011. By 2015, Trustly had expanded so that more than 800 digital retailers throughout Europe accepted the payment method. Many of the first adopters of Trustly were online gambling operators, including casino sites and online sportsbooks.

How to Use Trustly

Trustly is different to eWallets that provide a virtual interface through which funds can be managed. Instead, Trustly acts as a processor of transactions and does not require users to create accounts or passwords in order to use the service.

How Trustly works is that a player can visit an online gambling operator that accepts the method. And with Trustly being active in some 29 European countries, and partnered with PayPal and TransferWise, it is quite common to find an iGaming brand that does accept it.

After visiting a gambling site that accepts Trustly, the player can sign up for their account and then go to the cashier. At this point, they should then enter the value of their desired deposit and choose Trustly as the payment method of choice.

At this point, Trustly will become active and take over to complete the transaction. The next stage is that the player will select the country of their bank account. Following this, the player will then select their bank from the list available (Trustly banking partners can be check on the official Trustly website).

Players are then asked to log in using their banking details. Once entered correctly, this will allow for players to transfer the value of the deposit that they entered with the cashier. The player will then be transported back to site where they can start using the funds.

Benefits of Trustly

On its official website, Trustly makes a direct pledge to provide users with a secure online financial service. To that end, Trustly holds a European Payment Services provider licence and is authorised and supervised by the Swedish Financial Supervisory Authority.

Beyond safety, Trustly has further benefits. Namely, it enables players to make deposits and withdrawals without the need of a debit or credit card. All they need is a bank account that they have set up to use online. Please note, however, that the account must be a Trustly partner or else it cannot be used.

With Trustly, not having to enter credit card details can speed up the payment process significantly. Plus, it is reassuring to know that banking details are not stored or shared directly with the gambling operator. Nowadays, some operators even accept Trustly’s streamlined Pay N Play® service.

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