Whilst Boku may be the most well-known pay by phone depositing method around, there are plenty of alternative payment services that are worth exploring. One of these is Trustly, a Swedish brand that has been operating for almost ten years. They have, however, only recently started to cater for the UK market, which is why you may not be too familiar with them just yet.
Trustly allows players to make instant casino deposits direct from their mobile phones. The method is quick, secure and simple to use, and it’s available at hundreds of different casinos. So far, so good, right? Well, if you’re curious about how Trustly works, the pros and cons of the service, and if it’s really better than other depositing methods, then look no further. In today’s guide, we’ll be discussing all of this and more, so that you can work out if Trustly is the perfect banking option for you.
What Is Trustly?
Trustly was founded in 2008 and it was created with the aim of making online payments quicker and safer. The inventors of the payment method had noticed how tedious making an online bank transfer can be, so they wanted to create a service which would allow customers to bank without the faff of entering long card details and waiting around for transfers to be processed.
Initially, Trustly was only available in a handful of countries, yet in 2015 the company expanded and the service can now be used in 29 countries throughout Europe, including the UK. That being said, to use Trustly, you need to make sure that they support your bank. Most major UK banks are on board, including Lloyds, HSBC, Santander and Barclays.
The main difference between Trustly and other depositing services is that it doesn’t require you to set up any accounts or download any software. Instead, it works by using your online banking log in details. This sounds a little scary, we know, but rest assured that Trustly have been fully approved by the Financial Services Authority (FSA). Moreover, Trustly aren’t able to see or store any passwords you enter.
One of the biggest benefits of using Trustly to deposit at a mobile casino is that it adds another layer of security. Many players have issues with entering their card details online, as they worry about identity theft and fraud. In contrast to more traditional banking methods, Trustly requires three things before a transaction can be processed: the name of the bank you’re using, your online banking login details and access to your online banking security token (which could be a card-reader, an SMS service or any other way your bank allows you to confirm payments).
All of this makes Trustly far more secure than other payment methods, as without access to your banking token, the payment can’t be verified. This means that even if a payment was to be intercepted, the process cannot go ahead without your confirmation.
How To Make A Trustly Payment
Using Trustly couldn’t be easier. In fact, you can make a payment in just four simple steps!
- Visit your casino’s depositing page and click the Trustly logo
- Select your bank
- Login to your bank account
- Confirm the payment
That’s it! You’re deposit should be in your casino account immediately and you’re all set to play your favourite games! As we mentioned earlier, one of the best things about Trustly is that you don’t need to set up a new account or even input any banking details. You simply use your existing online banking account login and you confirm the payment using your bank account’s security token.
So, What Are The Downsides?
Throughout this article, we’ve mentioned the many advantages that Trustly has over other depositing methods. However, as with everything in life, the method does have it’s drawbacks too.
The biggest disadvantage of using Trustly, as opposed to a more traditional e-wallet service, is that it doesn’t have the ability to accept withdrawals. This is because the service doesn’t actually have access to any of your banking information. So, whilst you can deposit within a matter of seconds, cashing out may be a longer process than usual as you’ll have to find a different banking method to use.
Furthermore, Trustly isn’t currently available at all casinos. Whilst the service was made available for UK players two years ago, many big casino brands are yet to adopt the method. This means that, in contrast to services like Neteller and PayPal which seem to be everywhere, you may have to do a little searching around to find a casino that supports Trustly payments.