Trustly Bingo Sites

Using Trustly is a bit like having your online bank built into the online shop – or bingo site in this case – that you are wanting to buy from.

Unlike an ewallet, Trustly doesn’t ever hold or receive your money, it just transfers it. They are a middleman. Or a bridge between the company you are doing business with and your bank account.

Basically, you are giving permission for Trustly to access your bank account in the same way you would yourself, and then move money in and out. This is known as open banking, and although it might sound a bit scary, the security around it is water tight.

Trustly is a direct payment method, meaning the money comes straight from your account to the site you are depositing or paying at in real time. So why not just pay with your debit card?

The difference between Trustly and paying with your debit card, is that you don’t need to input any card details or anything like that. So it’s faster, simpler, and more secure.

Why more secure? Because your card details aren’t being given to multiple different merchants or being held on their systems. The fewer businesses holding your bank details, the less likely you are to have them stolen.

This is the way online payments are heading, and Trustly is becoming one of the most widely used payment methods in the online gambling industry.

Bingo Sites That Accept Trustly

How to Use it as a Payment Method on Bingo Sites

If you hate the faff of constantly having to go through sign up processes then you will love this.

There is no registration necessary to use Trustly.

I know, it sounds wild, right?

After you have selected Trustly as a payment method in your site’s banking area, you will be shown a list of banks.

Choose the one that you use, and Trustly will connect you to your bank. From this point, you sign in using your existing online banking details, confirm the payment, and the money will be in your bingo account immediately.

The specifics of how your confirmation is handled will depend on your bank. Mine lets me do it via a desktop using a generated security code, or by showing me a QR code I can scan with my  phone before using biometrics.

Both methods take mere seconds, and neither require me to ‘sign up’ to Trustly or enter any card details anywhere.

Using Trustly can also serve as a way to get instant verification from the site you are using if you have only just signed up. Often times, sites can verify you using your bank details, and this works via Trustly too.

Fees

A nice short section this.

There are no fees to use Trustly, ever.

You might see the name on your bank statement, but it won’t be a charge from Trustly. Rather, it will be an indication that you used Trustly to make a purchase.

Is it Safe?

Trustly has full coverage of all UK banks, which means they have all agreed to work with the company.

Do you think every bank in the country would be working with Trustly if they were not as safe and secure as it is possible to be?

They use the highest encryption standard available in addition to your bank’s own security systems, and they host all data on GDPR-compliant servers. They never store any information that can be used to access your bank account either, because they don’t need to.

In many ways, it’s actually safer than using other payment methods, because your bank details aren’t being given out to the companies you are spending with.

Instead, Trustly goes in, gets the money, brings it out, and gives it to the bingo site or online store. Two-factor authentication is used to do so.

They use their own proprietary tech platform too, so no part of the process relies on external companies or third party tech, keeping the process is cleaner, simpler, and safer.

A Short History of Trustly

The company has been running since 2008, when it was launched in Sweden by Carl Wilson, Joel Jakobsson and Lukas Gratte.

At this time, open banking wasn’t the well known concept that it is today, so Trustly were seen as industry disruptors when they began to break through. Their founders have gone on to be open banking advisors to the EU, so no one knows more about the subject than them.

Initially known as Glue Finance, the company quite quickly and even more sensibly re-branded to Trustly around 2011.

Growth was rapid, with a 200% surge in business between 2010-2011, with key strategic partnerships being formed in the years after. Groupon and Paypal were two of the most important deals made in those early years, but online gambling sites were key partners too.

Lots of mergers and things occurred between then and now, but by 2020 the company was valued at almost $2 billion, and they are now moving towards floating on the stock market.

Trustly has grown from an ambitious Swedish start-up to one of the biggest fintech companies in Europe, available in more than 33 countries, partnering with more than 12,000 banks, and processing over $58 billion in payments each year.

It is most widely used in Finland, Germany, the Netherlands and of course Sweden, but it is quickly gaining popularity here in the UK too.

Contacting Trustly

Trustly do have a customer service and help centre, although you shouldn’t need it.

In the event of any serious issues you will be better off contacting the bingo site or your bank in most instances, but should you need to talk to someone at Trustly, try:

• Contact form onsite
• Live chat onsite

There is also an FAQ if you just have some basic questions.

If you need to trace a payment, it’s really easy to do on their website. Enter certain details like the date and amount plus your bank info, and they will be able to pull it up. You can then see if it went through or if there were any issues.