How to Use Trustly
Trustly is really simple to use. Below, you’ll find handy step-by-step guides on how to use this banking method to deposit and withdraw at Trustly betting sites.
How to Deposit Using Trustly
Depositing at online bookmakers with Trustly is safe, secure, and fast. Here’s how it works:
- Head to the cashier page at one of our recommended Trustly betting sites and select Trustly from the list of deposit options. Confirm how much you want to deposit. The minimum deposit amount is set by bookies and varies between sites.
- From the pop-up Trustly window, select your bank from the list of those available and log in as normal. This might require you to enter details like specific characters from your password or pin number. Select the account from which you want to deposit.
- Confirm your betting site deposit using your regular authentication method. Some banks send a one-time pin (OTP) for this purpose, while others require that you log in to your banking app to approve the payment.
- You’re all done. Trustly offers instant deposits, so your funds will appear in your online betting account right away.
How to Withdraw Using Trustly
Most but not all online betting sites offer Trustly withdrawals alongside Trustly deposits. Payouts look a lot like deposits in reverse. Here’s how they work:
- Head to the cashier page and select Trustly from the list of withdrawal options. Confirm your desired withdrawal amount. Bookmakers often set a minimum withdrawal amount between £10 and £20.
- As with deposits, a withdrawal request prompts a pop-up window to open and display a list of supported banks. Select yours, enter your details as before, and confirm how much you want to cash out.
- That’s all there is to it. Withdrawal times vary between sportsbooks, though you can check the small print at individual betting sites to find out how long you can expect to wait for your cash to arrive.
Benefits of Using Trustly
Trustly is a fast, secure, and straightforward payment method for online betting. It allows instant deposits and quick withdrawals directly from your bank account, so you don’t need to use cards or e-wallets. Trustly is highly secure, with no need to share sensitive banking details with the betting site. It’s widely accepted by many UK betting sites, making it a simple and reliable choice for players.
Trustly vs Other Banking Methods
Trustly is a leading payment method for online betting, known for its speed and security through Open Banking technology. It allows users to deposit and withdraw directly from their bank accounts without the need to create an additional account. Transactions are quick and secure, making Trustly an excellent choice for bettors who value convenience. However, like any payment method, Trustly isn’t perfect. For example, deposits made with Trustly might not qualify for certain bonuses, and it may not be available at all bookmakers.
To help you decide if Trustly is the right option for you, we’ve compared it to other popular payment methods. Each alternative has its own strengths and weaknesses, so read on to find out which one suits your needs best.
How Trustly Works
Trustly is a payments platform that’s authorised and regulated by the Swedish Financial Supervisory Authority – it works off the basis of Open Banking and as such, there’s no need to create an account before using this service.
Bypassing traditional networks like Visa and Mastercard, Trustly provides digital account-to-account payment services to customers in 30 countries, including the UK, Germany, and Spain. Customers can make fee-free instant payments directly from their bank account and receive refunds through the same method.
There’s no Trustly app to download, no need to reveal any private financial information, and no requirement to sign up for a Trustly account. Choosing Trustly simply means you’ll be prompted to log into your online bank account using your usual credentials to confirm and approve your transaction. It’s an innovative approach to bank transfers and easy to see why Trustly is supported by many of the top sportsbooks like Luckster, 32Red, 10Bet and BetUK.
Open Banking
Arriving in the UK in 2018, Open Banking is a technology through which gamblers can give sportsbooks access to their online bank accounts without the need to directly submit personal information directly onto the site. The majority of banks in the UK now support Open Banking as a method of deposit and withdrawal, and its popularity is gaining all the time.
It’s important to only allow authorised companies to access your financial accounts, so it’s good to know that you can check out a company’s status on the Open Banking Directory at any time. Authorised companies are those regulated by either the UK’s Financial Conduct Authority (FCA) or another European regulator like the Financial Supervisory Authority (FSA). Assuming that a company is properly regulated, you can feel confident of the safety of Open Banking and assured that you’ll be protected if anything goes wrong.
Is Trustly Safe?
Trustly is one of the safest payment methods around. The service runs on Open Banking, so there’s no need to share sensitive information like your card details. Payments are made directly from your bank account and all you need to set it up is your usual bank login.
The company is authorised and regulated by the Swedish Financial Supervisory Authority. The Authority ensures Trustly complies with regulations on things like data security and anti-money laundering.
Fees and Limits
In the vast majority of cases, Trustly is completely free to use. It’s possible that your bank may charge a fee to use the service, but this is very rare. This sets Trustly apart from other alternatives like e-wallets, which often charge fees to withdraw from the wallet to your bank. With Trustly, the funds are transferred directly to and from your betting account free of charge.
Minimum and maximum payment amounts may vary between different Trustly betting sites. However, all the operators featured on this page have a £10 minimum for both deposits and withdrawals with Trustly — here’s a reminder of those sites:
- HeySpin
- 10bet
- 32Red
- Luckster Sport
- Bzeebet
- Mr Mega
The maximum amount you can transfer with Trustly per transaction isn’t always stated, but tends to be very high. At 10bet, for example, the limit is £50,000 for deposits and withdrawals.
Bonus Eligibility
Trustly may not be as widely available as Visa and Mastercard, or even some e-wallets like Skrill and Neteller, but it benefits from being commonly accepted for bonuses. Whereas e-wallet payments are often excluded, Trustly deposits are eligible for rewards at most sites.
So, once you’ve registered with one of our recommended Trustly betting sites, you can use this method for your very first deposit and claim a welcome bonus while you’re at it. Rewards typically include free bets and refunds if your first pick isn’t a winner.
Pros and Cons of Trustly Summarised
Not sure if Trustly is the right banking option for you? Our round-up of the pros and cons of Trustly might help you to decide.
Compare the Best Trustly Betting Sites in the UK
All clued up on Trustly and ready to place your first bet? Head to our list of recommended betting sites with Trustly to compare features, bonuses, and betting markets. Choose your favourite site, click through using our link, and join in the fun whenever you’re ready.
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