Trustly first began appearing on the UK gambling scene in 2016, and it merged with PayWithMyBank in 2019, forming one of the biggest Online Banking Payment networks in the world.
They operate what is known as an ‘account-to-account’ platform, meaning that payments are faster and more secure than most other methods.
Unlike some other online payment methods, such as traditional ewallets which need funds adding to them before they can be used, Trustly works by paying money directly from any of your existing bank accounts. So it’s not somewhere to store money, but a service that money can quickly and easily pass through.
The payment method has become popular for online gambling due to the enhanced security that comes from not having to add your bank details at every online bookie you use, as well as the ease of access. Therefore, if you bet with several sites (or like to try new sites) and use several different bank accounts, Trustly is a very useful way to pay.
- Trustly:
- Trustly Bookmakers
- Gambling
- How To Use
- History
- Security
- Fees
Vbet - Best Trustly Betting Site
Trustly is a payment method of the modern age and as you can see from the brands listed in the table below it is the newer online-only bookies that have embraced it. Vbet stand out as the best Trustly betting site thanks to having the lowest deposit and withdrawal limits, at just £1 up to £10,000 per transaction, fee free.
Withdrawals are usually instant once the payment has been processed, Vbet may take up to 2 days to process the withdrawal but in most cases the transfer is instant or within a matter of hours. Deposits are all instant.
Online Bookmakers That Accept Trustly
| Site | Min Deposit | Min Withdraw | Fees | Withdrawal Time | Visit | |
|---|---|---|---|---|---|---|
 |
Bet365 | £5.00 | £5.00 | 0% | 1-4 Hours |
T&Cs Apply, 18+
|
 |
All British Sports | £25 | £ | 0% | N/A |
T&Cs Apply, 18+
|
 |
Midnite | £5 | £5 | 0% | 24-48 Hrs |
T&Cs Apply, 18+
|
 |
10bet | £10 | £1 | - | 1-2 Days |
T&Cs Apply, 18+
|
 |
Mr.Play | £10 | £10 | 0% | Up to 4 Days |
T&Cs Apply, 18+
|
 |
Fanteam | £10 | £20 | 0 | 1-2 days |
T&Cs Apply, 18+
|
 |
Unibet | £10 | £5 | - | Up To 72 Hours |
T&Cs Apply, 18+
|
 |
LiveScore Bet | £5 | £10 | 0% | 1-2 Days |
T&Cs Apply, 18+
|
|
Vbet | £1 | £10 | 0 | Up To 2 Days |
T&Cs Apply, 18+
|
 |
Luckster | £10 | £10 | 0 | 0-4 Days |
T&Cs Apply, 18+
|
 |
Ladbrokes | £5 | £5 | - | Up To 48 Hours |
T&Cs Apply, 18+
|
 |
NetBet | £10 | £10 | - | Up to 5 Days |
T&Cs Apply, 18+
|
 |
Bet442 | £10 | £10 | 0% | Instant - 4 Days |
T&Cs Apply, 18+
|
 |
LeoVegas Sports | £ | £ | - |
T&Cs Apply, 18+
|
|
 |
32Red Sports | £10 | £10 | 0 | 2-3 Days |
T&Cs Apply, 18+
|
Gambling Using Trustly
Trustly has become a more and more popular method of funding betting accounts, and you increasingly see it popping up as a new option on gambling sites . Indeed, there are a number of sites out there that will actually offer you a bonus if you decide to deposit money into your account using Trustly, making it more than worth your while for consideration.
Trustly is a well established payment option in Europe so lots of European gamblers already use this service, and UK punters are coming around to the benefits too.
One of these benefits is that there are no fees to pay to use the service, which is always good to hear, and another obvious plus point is that you don’t actually have to give your card details over to the gambling site itself; it’s all handled between your bank and Trustly.
Online financial security is very strong these days anyway what with multi-layer encryption and all of those other terms that people don’t generally fully understand, but if your card details aren’t stored with a website, then they can’t be compromised can they? Not even if that website gets hacked.
What sets Trustly apart from some other online payment methods, is that you don’t even need to register an account with them. Trustly is accessed as and when you need it, and you use your existing online banking details when you want to use it, which means you can deposit from any number of different bank accounts you have via Trustly. There’s no app or anything to download either, so it’s not going to clog up your memory on your phone.
There are more than 6,300 banks in countries all over the world working with Trustly, so yours will be included in that lot, making you one of the 525 million consumers that Trustly can reach, which should hopefully inspire confidence in the service for anyone new.
How To Use Trustly
Using Trustly as a payment method when betting is simple enough, it just requires users to select Trustly as their preferred payment type when they set up their banking with the online bookie.
If you don’t initially choose Trustly that’s ok, you can still add it as an additional payment method later on.
Once it’s been added as an option and you have selected it as the method you want to use, you will be asked which bank you want to take funds from or withdraw funds to (yes, you can make withdrawals with Trustly too).
Select your chosen bank, log in with the existing credentials that you have for your bank, and you’ll be asked to verify the transaction.
You may be sent a one time passcode to your phone, it just depends, but other than that, everything is automatically verified in the background between your chosen bank and Trustly.
In effect then, it’s just like making a debit card transaction, except you can handle it with more security and privacy, as well as using a number of different bank accounts through the same payment provider.
It’s a bit like bringing all of your online bank accounts together and letting you jump between them as you please.
I realise that as a ‘How to Use’ section this is fairly short, but that’s because Trustly doesn’t take much explanation – its’ simplicity is one of the reasons it is becoming so popular.
History Of Trustly
A Swedish financial technology company called Glue Finance was founded in Stockholm in 2008. Within a year the company had signed contracts with its first online retailers, with an initial investment round being opened in 2009. At this point, a second generation technical platform was launched and a year later the company expanded in every sense.
Their first office outside of Sweden was opened in Malta, with the second generation platform being launched in 2011, at which point 25% of the company was bought by the Alfvén & Didrikson investment group.
A strategic partnership with both PayPal and Groupon was confirmed in 2014, while the risk capital firm Bridgepoint Capital invested €23 million in the wake of the firm achieving a milestone ten million transactions.
The company began to work with online casinos from 2016, aided and abetted by the launch of Pay N Play. This meant that payments could be easier and quicker than ever before. Further confidence was shown in the company in 2018 when the Nordic Capital equity fund bought a majority stake, leading to a valuation of €700 million.
Perhaps the biggest change for Trustly came about in 2019. This was the point at which it merged with the Silicon Valley-based PayWithMyBank, enabling merchants that have a global footprint to accept payments from consumers both in the United States of America and Europe.
A new round of investments in the company in 2020 resulted in the company’s value reaching close to €2 billion. A year later and having launched in Canada and Australia, it intended to list on the Nasdaq with a valuation of almost €9 billion.
Security
The Swedish Financial Supervisory Authority licenses Trustly, with the company holding a European Payment Services Provider licence.
That means that it meets the Payment Services Directive (PSD, 2007/64/EC).
The two-factor authentication nature of Trustly means that it is about as secure as online banking is possible to be, indeed, the very same security standards that apply to your actual bank apply here.
Open Banking as a service is one that allows financial service providers access to your banking and financial data and it is regulated through the Payment Services Regulations of 2017.
Trustly being authorised by the Finansinspektionen means that it is much safer and more reliable than other banking methods, plus, the face that it is owned by Nordic Capitaland and has a TÜV certification for data protection in Germany makes it that little bit more trustworthy and secure.
Trustly uses some of the most secure encryption available, so in terms of your safety there really is nothing to worry about when using Trustly’s services. Everything carries a degree of risk, of course, but if you are happy to spend online using other methods, then Trustly is as safe if not safer.
Fees
What fees?
Trustly won’t charge you any sort of fee for using its service.
That doesn’t mean that a betting site won’t charge you a fee for using Trustly, or your bank in some situations, but that’s rare and it’s out of Trustly’s control if and when it does happen.
Very few betting sites charge deposit or withdrawal fees these days, but it’s something to check in advance.
As for Trustly themselves though, deposits and withdrawals are free to make with this payment method, which when you consider the convenience and enhanced security benefits that come with it, is an excellent deal all round.