What is Trustly?
Before getting into the nitty-gritty of how to use Trustly betting sites, let’s get to know the company a bit better. To help you out, we’ve summarized a few points below.
- Trustly is a payment method that was launched in 2008 in Sweden.
- It offers digital payment solutions to users that can help them make deposits as well as receive money directly with their online bank account.
- Trustly cuts out the middle-man and lets you have direct communications with your bank.
- This payment method is very useful in online shopping and more recently, online betting.
- Trustly is known to be one of the safest means of money transfer which explains its increasing popularity in Canada.
How Does Trustly Work?
Trustly allows users to pay directly from their bank account without needing to contact any third party. It acts as a tool to execute payments from your online bank account to an online merchant who is providing you with a good or service.
You can both send and receive funds with Trustly. Also, you don’t need to register with Trustly to use all these services. You don’t need to download any app or pay any fees. Sounds too good to be true right? Well, it gets even better. You don’t need to store any personal information in Trustly to conduct transactions. Thus, you are keeping your information safe.
Trustly can connect to your online bank account, e-wallets like PayPal and TransferWire and more, so you have a couple of options to choose from. It works as a mode of payment through direct connection with the source of funds. All you have to do when conducting a payment is choose Trustly as your payment method on the online betting site. After that, it will show a list of banking options. Click on the bank of your choice to be redirected to your online banking portal. There you can insert all your account details to complete the transaction.
Trustly will not store any of this information and will reset itself every time after a transaction. It will not remember any of your banking details. You will have to re-insert your account details each time to complete a transaction.
History of Trustly
Trustly is a Swedish fin-tech company that was founded in 2008. It is a provider of online payment services for consumers, merchants and banks. The company uses a technology that can bypass traditional banking methods and replace them with safe and easy transactions.
Over 12 million payments are processed per month by Trustly. Their network spans over 6,300 banks and reaches over 525 million consumers. They are used by more than 8000 merchants some of which include PayPal, Alibaba, Facebook, eBay and many more.
Now those are impressive numbers!
In 2020, Trustly launched their services in Canada and Australia. It has proven to be a convenient and secure means of money transfer that eliminates the need for any middle-man. The platform also doesn’t require users to download any app or make an account.
Trustly is also regulated by the Swedish FSA, which regulates every bank in the country. This is not only an advantage for people who conduct shopping transactions but also for online bettors who want to keep their data safe.
Trustly in Canada
The use of Trustly betting largely does depend on your location. As of now, the service is not available to everyone in the world and rather to selected countries. Thankfully, Canada is one of the accepted locations in the Trustly platform.
Trustly in Canada works just as it would in any other accepted location. All you need to avail the services is have a stable internet connection and input your bank or account details. Keep in mind that Trustly will not remember your online bank account name or password. Hence, you have to re-enter it each time you want to make a transaction.
Whenever you are at the checkout point in an online transaction, see the list of payment methods they have and seek out Trustly. There are many merchants and online betting sites in Canada that accept this payment method nowadays!
Advantages of Trustly Betting
The fact that Trustly is extremely secure and is convenient to use isn’t the only advantage it carries. This payment method is known to be a favourite among punters and there are several reasons why. Let’s have a look at some of the advantages of Trustly betting below.
As we mentioned above, this platform is perfect for punters who prefer to have secure transactions online. As the platform doesn’t store any information, you can rest assured that there is a lesser chance of scamming and information leaks.
To top it all off, all the transferred data you do send is fully encrypted for added security.
Most transactions that are done in Trustly betting take only a few minutes. That means that you can also enjoy instant deposits into your betting account! This is mainly because there is no third party to delay the transactions. Rather, you have a direct communication with your online bank account that settles the transactions then and there.
Another great thing about Trustly betting is that there are no additional fees for deposits and withdrawals from your betting account. While your online sportsbook of choice may have some fees regarding the payment, Trustly will not independently charge you any fees for transactions.
Plus, if you are to make currency conversions, you may need to pay an additional fee.
You can maintain full anonymity with Trustly betting. This is because the service does not ask for any of your personal information as it requires no account creation. You just have to input your bank account details which are forgotten once the transaction is completed. Thus, your identity can remain anonymous throughout your gaming with Trustly betting.
No Account Required
Trustly doesn’t ask you to face the hassle of making an account or registering with them to use their services. That’s right! This service can be accessed from the online portal they have. Regardless of whatever device you are on, you can complete transactions without the need of logging in.
Major Banks Are Supported
Most of the major Canadian banks are supported in Trustly betting. This means that you will have a number of banking options to choose from when you want to fund your account. Not only that, but you can also choose from e-wallets like PayPal or Skrill.
Trustly is almost ideal for online sports betting. It allows punters to keep their personal information safe while making easy transactions. You can also choose from a number of banks and e-wallets to fund your betting account.
With almost instant deposits and efficient withdrawals, you’re sure to enjoy this payment method. The fees are close to nothing and the security is unmatched. You won’t need to worry about creating an account or downloading any external software with Trustly betting.
The platform really is one of a kind and is great for both new and old players. This service is also widely accepted across Canada.
How to Deposit and Withdraw With Trustly Betting
Are you itching to start your Trustly betting venture? Well, don’t worry because we’ll help you get started. Let us tell you how to make deposits and withdrawals with this amazing payment method in just a matter of minutes.
How to Deposit in Trustly Betting
Depositing with Trustly is very simple. Follow the steps we’ve mentioned below and you’ll be well on your way to making your first deposit with Trustly!
- Log into your online betting account.
- Go to the Cashier/Banker option and click on “Deposit”.
- Choose Trustly as your payment method from the list of options provided.
- A list of accepted Canadian banks will appear that support Trustly, choose your bank from this list.
- You will be redirected to the bank’s online portal where you need to use your username and password to log in.
- Enter the amount you want to deposit and click on “Confirm”.
- Complete the steps of verification to complete the transaction.
After this, the amount should instantly appear on your bank account. In some rare cases, these transactions can take up to 2 business days, so just keep that in mind.
How to Withdraw in Trustly Betting
Let’s move on to how you can withdraw your winnings with Trustly. Follow the steps mentioned below to find out how you can make withdrawals.
- Log into your online betting account.
- Go to the Cashier/Banker section and click on “Withdraw”.
- From the list of options provided, choose Trustly.
- Select your financial institution from the list of supported Canadian banks.
- You will be redirected to the bank’s online portal where you need to use your username and password to login.
- Select the amount you wish to withdraw and click on “Confirm”.
- Follow any additional steps if provided by your bank.
- Verify the transaction to complete it.
There may be some fees set by the bank or online sportsbook when using Trustly. Be sure to check out this information from their websites or contact them directly.
Security of Trustly Betting
Trustly, like the name suggests, is trustworthy. When playing at Trustly betting sites you can rest assured that your information will always be kept safe from any unwanted eyes. It is a licensed payment institution that implements several layers of security for their users.
Trustly uses the highest encryption and bank security standards within its platform. The company is authorized and monitored by the Swedish Fintech Supervisory Authority. It also has a European Payment Services Provider license.
With all these security features and protocols you can play at Trustly betting sites with ease!
How to Open a Trustly Account
The magic behind Trustly? You don’t even need an account!
To use Trustly all you need to do is go to your online betting account and choose it as your payment option. You can then follow the steps we mentioned above about how to make a deposit or withdrawal.
In case you don’t want to use Trustly anymore, you can simply just go ahead and stop using it. As no account is required, there is no need to delete an account or anything like that. Simply stop using Trustly and go for something else.
When it comes to linking your Trustly to the online sportsbook, all you have to do is choose it as a payment method each time. You can’t save any login information as there is no account and you will have to enter the bank account details each time.
When it comes to fees, Trustly doesn’t charge anything for making online sportsbook deposits or withdrawals. You can just make these transactions with your preferred bank and let Trustly process the payment for you.
However, the online sportsbook or bank you choose to use may have some fees for using Trustly. This will obviously vary from punter to punter. If you make any currency conversions you may also have to pay a separate fee.
Alternatives to Trustly Betting
Still not convinced about Trustly betting? If that’s the case then have a look at some of the alternatives to this payment method which we’ve mentioned below.
Skrill is an e-wallet that allows users to store their finances online. You can use different sources to fund this wallet and can use it for online shopping and betting. They offer users a versatile range of options to fund their wallets but can be accompanied by some additional fees and charges.
Visa is a payment method that allows users to make payments with their credit or debit cards. They also have many types of cards to choose from depending on your financial situation. These cards are very widely accepted all over Canada but can take up to 5 business days to process withdrawals.
PayPal is another e-wallet that is also supported by Trustly. It allows you to fund your account with several types of sources and has been known for their safe and reliable service. Keep in mind that PayPal can tend to have slow customer support.
Paysafecard is another unique option for making deposits at online sportsbooks. This is a voucher system payment method that ensures anonymity at all stages of a transaction. However, you cannot make withdrawals with Paysafecard.
FAQs: Trustly Betting
Trustly is one of the safest payment methods in Canada. The platform does not store any of your personal information and forgets all your bank/account details as soon as you close the portal. They also have multiple layers of security and encryption to make sure your transactions are safe.
With Trustly betting, you can make swift deposits and withdrawals on the online sportsbook of your choice. Just make sure Trustly is an accepted form of payment in the betting site before proceeding to the payment section.
Trustly will ask you to verify your bank details when you are redirected to the bank’s online portal. Other than that they will not ask you to input any information within their own platform. This bank verification is placed to ensure your security during the transaction.
Trustly does not charge any fees for making deposits and withdrawals into your betting account. However, the bank and the online sportsbook you choose may charge you some fees for using Trustly but this will also vary upon the situation.
In case your payment is declined be sure to contact Trustly’s customer support. You can reach them via their website. If your problem persists, you can try contacting the online sportsbook customer support.
Deposits made with Trustly will usually take place in a matter of minutes. However, depending on your online sportsbook, this time may vary.
Withdrawals will also be very fast and may not take longer than a few seconds. Once again, the timing will also depend on your choice of online sportsbook.
While we’ve covered almost everything there is about Trustly betting, it can be helpful to keep in mind some additional tips. Have a look at the ones mentioned below and remember them when you start betting online.
Time Is Not Of the Essence
Remember to take your time when choosing your payment method. When betting online, having a safe means for depositing and withdrawing can really determine your overall experience. You don’t want any of your sensitive information falling in the wrong hands. Understand that your requirements are from the payment method and choose accordingly after giving it a lot of thought.
Look Around For Any Fees
You may just come across an unexpected fee with Trustly betting. Thus, make sure to check the online betting site thoroughly and look for any fees that might be in hiding! Checking the Terms and Conditions page of the online sportsbook can help find out this information. Sometimes, there may be fees that are imposed by the bank or online betting site that you choose.
Make Sure They Take Trustly
Many online sportsbooks in Canada are yet to hop on board the Trustly train. So, before you register with an online betting site, thinking they take Trustly, double-check just to be sure. You don’t want to be unprepared when you go in to make your first deposit!
Trustly is yet to be made available in all regions and is known to be limited in terms of its reach.
Know the Transaction Limits
There are some transaction limits for Trustly betting. These vary from betting site to betting site. So, before logging into your bank account and punching in the numbers, try to find those transaction limits beforehand. There may be limits set for the minimum and maximum amounts you can deposit and withdraw from your betting account.
Summary: Trustly Betting Sites
All in all, Trustly betting offers a great payment method with safe means of money transfer. The platform has been around for a while and has continued to impress users with top-notch security and outstanding service.
Keep in mind you need to choose a payment method according to what’s important for you. This can be the deposit timings, the customer support or the fees attached. Whatever the case may be, keep your requirements in mind when picking a method.
We think, given all the things we’ve talked about today, Trustly is a good option for anyone in Canada. While there are a few small limitations, the advantages definitely outweigh them. If you’re thinking of an easy way to bet online, Trustly betting is definitely for you.