As noted, three friends from Stockholm got together in 2008 and aimed to create an online payment system that was as fast and secure as possible for customers, merchants and banks. The result was Trustly and at first it was only available in Sweden. However, the company quickly grew and in 2010, it opened an office in Malta and processed its 1 millionth transaction.
The following year, Deloitte awarded Trustly ‘Rising Star’ status and at the time, it was Sweden’s second-fastest growing company. In the same year, Trustly received investment from Alfvén & Didrikson and it processed its two millionth transaction. 2012 saw the company open an office in Barcelona and it quickly hit 7 million transactions. In 2014, the company formed a strategic partnership with PayPal and it then expanded into 21 European markets. In a further sign of success, Fintech City London shortlisted Trustly as one of the 50 European FinTech companies set to revolutionise the financial sector.
Trustly has since gone from strength to strength. It now has several offices, including in Cologne and London, and it is well known as a fast and reliable online payment method. The service allows players to transfer funds directly between their bank account and their casino account without any delays or fees. It doesn’t require users to create a special Trustly account and it is compatible with a huge number of banks.
How to Make a Deposit
The whole purpose of Trustly is to make transactions as easy as possible, and the company has certainly succeeded. To make a deposit you simply need to follow these steps:
- Step 1: Click on the Cashier button.
- Step 2: Click on the Deposit button.
- Step 3: Select Trustly as your payment method.
- Step 4: You will now be redirected to Trustly.
- Step 5: Select your bank and login to your online banking.
- Step 6: Confirm your deposit.
- Step 7: Return to Spin Rio and start playing.
As you can see, there is no need to sign up. As long as you have an account with a supported bank and you have online banking, then the process takes no time at all.
How to Withdraw
Withdrawing your winnings with Trustly is a very straightforward process. Simply follow these steps and your money will soon be on its way.
- Step 1: Click on the Cashier button in the lobby.
- Step 2: Click on the Cash Out button.
- Step 3: Select Trustly as your withdrawal method.
- Step 4: Enter the amount that you wish to withdraw.
- Step 5: Selcet your country and then bank.
- Step 6: Login to your online banking and choose which account you wish to send the money to.
- Step 7: Trustly will then verify the transaction and your withdrawal request will begin to be processed.
It shouldn’t take more than 2 or 3 business days for the funds to arrive in your bank account after you have requested a withdrawal. As usual, you will have to ensure that you have met any bonus wagering requirements, that the funds are available in your casino account and that you have verified your identity.
Pros and Cons of Trustly
You will quickly find that the pros of using Trustly outweigh the cons; however, we shall take you through both of them.
One of Trustly’s biggest pros is security. The company takes its customers privacy extremely seriously. It is licensed and supervised by the Swedish Financial Supervisory Authority and it holds a European Services Provider (PSP) license in accordance with the Payment Services Directive (PSD, 2007/64/EC). As such, you can be sure that it is held to very high standards.
Trustly also offers excellent privacy. The company promises to never store any information that could be used to access a bank account and it also utilizes the highest encryption standards on top of banks’ security systems. As such, you can be sure that your personal information is safe at all times.
Furthermore, while Trustly isn’t yet available globally, it is available in approximately 30 European countries and accepts numerous currencies. This means that you do not have to worry about paying currency conversion fees. Furthermore, Trustly doesn’t charge any fees either.
However, there are some disadvantages that you should be aware of. The main one is that Trustly is not yet available everywhere or with all banks. Therefore, if you are in a country where it is not supported or you have an account with a bank that is not supported, then you will not be able to use it. Furthermore, some banks will charge small fees for using Trustly, but you will be made aware of them before carrying out any transactions.
Safety and Security
As mentioned, Trustly has gone to great lengths to ensure that the service is completely secure. In order to obtain and maintain its license from the Swedish Financial Supervisory Authority and its European Services Provider (PSP) license it will have had to demonstrate that it upholds extremely high levels of security. It does not store any sensitive information about its users and it uses the highest standards of encryption. Therefore, it is the perfect choice for anyone who is worried about security and privacy and does not want to sign up for a third-party service.
If you are in a country where Trustly is available and your bank is supported, it is arguably the best possible service for deposits and withdrawals at an online casino. There is no need to create a special account, the service is extremely fast and secure, and it is also free to use. Overall, it is a highly impressive payment method and one that you should certainly consider using.