Trustly, previously known as InstantBank, is another form of payment that players and bettors can use during their online betting. It is present in 29 European countries, but has not yet expanded outside the Old World.
This means that New Zealanders living in New Zealand cannot use it yet. Already New Zealand residents of European countries can, however, use it without problems. The platform carries out direct transactions between your current account and the website on which you want to play.
Created in 2008, today the company is slowly becoming a relevant option for casino users. In this article, we tell how Trustly works and how to use it in your betting. At the end, we also list all the sites that make it available as a form of deposit. Enjoy this content without moderation!
Learn more about the company
Trustly is a Swedish financial institution, fully licensed by the Swedish Financial Supervisory Authority. Currently, it is only available to member countries of the European Union.
They are: Austria, Denmark, Czech Republic, Poland, Spain, France, Italy, Netherlands, Sweden, Malta, Greece, Germany, Finland, Norway, United Kingdom, Ireland, Estonia, Lithuania, Latvia, Belgium, Bulgaria, Croatia, Luxembourg, Romania, Scotland and Slovenia.
If you are a resident of any of these countries, you can check if your bank is affiliated with Trustly. If the answer is positive, it will be possible to use the platform to make online bank transfers – including to some bookmakers and virtual casinos.
To use the platform, you don't even need to register! Simply visit the casino and choose to make a deposit via Trustly. In this sense, the company only serves as one more layer of protection when making an online bank transfer.
To avoid any confusion, let's clarify: it is not an online wallet and it is not a prepaid card service. On the contrary, it is only an intermediary that you can choose (or not) to use to make an online transfer. Anyone can use it freely, provided that the bank in which you have an account is among the partners of the company.
To find out if your bank is agreed, it's easy. Just visit their official websiteand check in the “Partners " tab. There, you can also check out which services already use Trustly. Unfortunately, the site is not available in English, but it is in English, Spanish, German and five more languages. We reiterate that you will not find any Bank New Zealand on the list, since o Trustly it is not present in New Zealand.
How does Trustly work?
Different from much of the others payment options which we have reviewed here at New ZealandCasinos, Trustly does not require the user to make a separate account. It is nothing more than a facilitator of secure online transactions between your bank account and the service you want to purchase.
In many ways, the truth is that with the platform the user gains an extra layer of security, without having to pay the high fees usually charged by online wallets. For example, PayPal, Skrill and the Neteller , very popular e-wallets in New Zealand and the world, even charge up to 7% commission every time you make a transaction.
Trustly, on the other hand, provides a service that increases user security when making a purchase. bank transfer . By using it, you initiate and authorize an online money transaction, which will then be completed in accordance with your instructions and all applicable security measures and laws.
This type of Service is called “payment initiation service " (PIS) and it is gaining more popularity every day on the European continent. Through a PIS, you are not redirected to your bank to finalize the transaction. On the contrary, you initiate and complete the transaction directly on the casino page through Trustly.
But then, you may be wondering, why use this service instead of making a direct banking transaction? Well, one of the biggest benefits of using it is security. Trustly guarantees the authentication of each transaction made by the user using the personal digital key in his possession.
The digital key is usually granted by financial institutions to customers who want to make transactions online. It makes a new code available every time you want to make a transaction, and this code serves to confirm that it is the account holder who is authorizing the purchase.
Through Trustly, then, the payment is transmitted to your bank to complete it. Your data and the code of Your digital Key are not stored anywhere.
It is worth noting that the company was founded precisely as a way to increase the security of users. In this way, we can say that using their service is as secure as any other payment method. The company complies with the same security measures that govern other financial institutions.
Even though it is available in almost all European countries, Trustly is still not very well known in other parts of the world. In New Zealand, bettors cannot take much advantage of this payment method. However, those who live in any of the countries in which the company is present will be able to use it.
Another benefit of Trustly is that it clears transactions much faster than online bank transfers. In addition, the company does not charge fees, but you depend on the limits and fees imposed by each casino and by each bank, which can vary enormously.
The good news is that the company is also fully adapted for use on mobile devices, so you can make transactions from wherever you are using your mobile!
Advantages x disadvantages
In the same way as the other payment options available in casinos, Trustly offers some positives for bettors, but also some negatives. Below we have separated them all for your convenience!
ADVANTAGE
- Using Trustly is quite simple and fast. If your bank account is able to make online transactions, use it without problems!
- It is safe: the company is known and licensed in Sweden and can operate in all countries of the European Union.
- The allowed payout limits are quite high.
DISADVANTAGE
- There are few casinos that offer this payment method. We list them all at the end of this page.
- Trustly is not yet available in New Zealand. If you reside in New Zealand, you will have to use an alternative payment option. Visit our guide payment methods accepted in New Zealand for more information.
- Trustly does not offer user support service. In case you have any problems with the platform, you will have to send a letter to the company's headquarters. A little out of hand, isn't it?
- It is only available to member banks.
- The fees charged by the bank when using the Trustly service are unclear. It would be good to check with your bank before making any transaction.
- It cannot be used as a withdrawal mode.
Deposits and withdrawals
Making deposits through Trustly is easy and transactions are usually instant. Withdrawals through the method are not available. That is, the service can be used only as a form of deposit in online casinos and bookmakers. It is not possible to receive money with it.
Below we show you the step by step to make a deposit through the platform.
Deposits
Follow the step by step to make your deposit:
- After registering in a safe online casino , go to the payments tab and choose to make a deposit.
- From the available options, select Trustly. You will then need to select your country and bank.
- Fill in the requested data.
- Through your digital key, you will receive a special code to finalize the transaction. Fill in the code on the site.
- Determine the amount of your deposit.
- Confirm and you're done! The transfer should take place in a matter of minutes.
Bag
Trustly does not yet allow withdrawals made from online casinos. Through this service, you can only send payments, and not receive them. If you used it to deposit, you should opt for another method available for withdrawals, which may become inconvenient for some players.
Online casinos that accept Trustly
If you reside in one of the European Union countries and have a bank account with an institution affiliated with Trustly, you can use it to make transfers to casinos and bookmakers.
However, it is important to first know which sites provide this payment method, since there are not many options. The list is not really extensive, but it is expected that it will grow as more people opt for this type of payment.
Below, we have listed all the casinos we have reviewed that accept deposits via Trustly . We evaluate all sites before recommending them to our readers, and we invite you to access our reviews to learn more details about each of them.
ONLINE CASINOS THAT ACCEPT TRUSTLY
Frequently Asked Questions
Unfortunately, no. You can use it on the sites we have listed above. The list is small, but fortunately some good options are there, such as Spin Palace and Vera and John.
Its main benefit is security during online bank transfers. We consider Trustly to be an extra layer of protection for your banking data on the web. Transactions through the platform are also more agile than usual transfers.
Deposits are instant. As far as withdrawals are concerned, it is not possible to make them through this method.
Without a doubt! You can fully trust the company. It is licensed in Sweden and legally operates throughout the European Union, where it is widely used not only to make transactions to betting sites, but also to other online services.
Yep. The company places the safety of its users as a priority, complying with all legal measures to ensure their safety.
We did not find any special bonuses for Deposits via Trustly. However, if you are looking for advantageous bonuses and promotions for your bets, visit our guide on casino bonuses and our list of best no deposit bonuses available . You will not regret it!
