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Trustly

Going through various bingo sites in the pursuit for the one suited for you, you have probably noticed that finding the one to join is not an easy task. You have to go through its game selection, its software providers list, its promotions and bonuses and its banking options list.

And while at it, you’re probably paying special attention to the payment methods available. That’s because you want to find a solution that would provide you with fast, cost-effective and secure online transactions. You want your deposits to reach your online bingo account and you want to be able to withdraw your winnings.

One such payment solution that would solve all your problems and eliminate worries is Trustly. This is an alternative payment method used across hundreds of online bingo sites, by millions of players. Why should Trustly be your number one choice?

Trustly – The Basics

Founded in 2008…

…by a Sweden-based company Trustly Group AB, this payment solution was initially established with the aim to facilitate online payments for people across many industries, which later found its way in the online gambling industry, as well. It was designed as third-party software that would connect customers, their banks and the merchants.

Eliminating the need to carry cash and the need to visit a bank to make an online payment, Trustly quickly got the attention it deserved, mostly in the European market. As of lately, it also offers its services to US customers, so US bingo players can use it as well. It is available in more than 30 countries, therefore, and an option to players from all over.

When it got licensed…

…by the Financial Supervisory Authority in Sweden, users started transacting online with confidence. For a FinTech company, with a transaction rate that went from 1 million transactions per year to 2 million per month, it was clear that it got the recognition it deserved. And that’s precisely why it received many awards and recognitions by the financial sector. In 2011, it received the title Rising Star Company by Deloitte, in 2014 the CIT Golden Card Award, and in 2015 and 2016, it was ranked among Top 3 Payment Methods. In 2017, it was crowned one of the Fastest Growing European Companies in Financial Times.

Its trustworthiness…

…was well established by 2018. Noticing that the online gambling industry showed interest in making online gambling transactions available with it, Trustly rolled out another service designed specifically with the online gamblers and gamers in mind, Pay’n Play. This product has so far served well the online gambling industry, as it enabled faster, more secure and more convenient deposits and withdrawals for players.

Therefore, if you’re worried about whether Trustly would be found on the list of accepted payment methods across various bingo sites, stop right now. In fact, it is a payment solution offered across a vast array of online casino and bingo sites, so you can rest assured that you’ll find one to join which offers it.

Getting Started with Trustly

The first thing you need to know about Trustly, as mentioned, is that it works as an intermediary between you, your bank and the online bingo site, in this case. Therefore, getting started with it would not require you to create a special, separate account with it.

No, to start using it, you would have to just find an online bingo site that accepts it. Once there, you will see that depositing and withdrawing with it would be a piece of cake. That’s one of the main reasons why today, it processes over 2 million transactions a day.

Getting started with it would be done in just a few simple steps. Below, you will discover these steps and in the meantime, understand how to deposit and withdraw with it.

Depositing and Withdrawing

Once you find an online bingo site that you like and feel comfortable joining, see whether it accepts Trustly. You can do that by looking at the site’s homepage, at the bottom, where usually the logos of all accepted methods are displayed. Or, check the site’s FAQ section for more information.

Join the online bingo site…

…and go to its Banking page, which can sometimes be named Cashier or Deposit page. Once there, find Trustly’s logo and click on it. As you will see, a pop-up window will appear where you’ll get several banks to choose from. The banks are carefully generated in accordance with your country of residence, which allow transaction processing via Trustly. Find your bank, and select it. You can do this via any desktop or mobile device.

Log in…

…to your online bank account using your credentials. At this point, you should know that you’ll get an encrypted connection, so no one could ever get access to your credentials, your account, or private details. Select the account you’d want to use, for instance, your savings account or the checking account, and the amount of money you wish to fund your online bingo account with. Confirm the transaction, and you’ll see the money arriving on your bingo account. You can start playing your favourite 5p bingo, 90-ball, or some other games right away!

Withdrawals are done in the same fashion…

…so you’ll need to be logged in to your bingo site, and you need to go to its Banking/Cashier/Withdrawal section. The steps that covered the deposit process are repeated, only this time, you enter the amount of money you wish to cash out. As you list your bank to be the recipient of your winnings, the bingo site will process them and send them to your bank account. This process, however, may take longer, since you’ll need to go through the two-factor authentication.

Whether it would be via special hardware devices, email, SMS or a token, you would need to identify yourself in order to get your money. Once the money is ready, Trustly will transfer them to your chosen bank account. The money should arrive in around three days after the bingo site confirms the transaction.

FAQ

What are some of the advantages you receive by using Trustly?

There are many benefits you get by using this payment solution. First of all, all transactions with it are free of charge, with no transaction fees. Then, the whole process of depositing and withdrawing with it directly from your bank account is greatly facilitated. And then, of course, you don’t need to sign up an account with it, which further makes things easier. And, payments are instant. Finally, you know that it is a well-recognized and licensed payment service, with huge coverage across Europe and the US.

Are there any disadvantages?

One of the biggest disadvantages at this point is the limited number of countries. Of course, this could change in a second, considering how dedicated the company is to cater to as many users as possible. In the beginning, it was only available in Sweden and a few other countries, but later, in around 30, the US included. Since its expansion is likely to continue, keep your hopes up. Another issue you may find with it is the fact that you need to disclose your banking information with it, but then, most alternative payment methods ask you to do that, so this is not that big of an issue. Plus, the communication is encrypted, so you won’t need to worry about the safety of your information.

Can I reverse a transaction in case I made a wrong one?

Yes. Considering the payment service has partnered with banks to make the easy and fast transactions possible, all transactions are recorded and therefore, can be reversed if you send a request to the service. You’ll have to wait for its team to cancel the specific mistaken transaction, but it would be done as quickly as possible.

Does Trustly offer a Customer Support service?

Yes! There are multiple contact options you can explore to get in touch with the Customer Support agents. Plus, if you go to its official website, you will see that there is also a FAQ section with detailed answers to the most commonly asked questions.

Are there any special Trustly bingo bonuses I could claim?

If you dig deeper, you may find bingo sites that offer exclusive Trustly bonuses. Some sites do it in order to promote the use of the service. Others do it just to add variety in their offers. Nevertheless, the fact remains that there are special bonuses tied to this service that you may come across.

Does the company offer any other products?

Yes. As a matter of fact, there’s another product used across online gambling sites, called Direct Debit. This is a solution that facilitates speedier transactions, as they are processed as direct bank transfers. Of course, fees apply with this solution, but hey, speed has its price.