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Trustly Payments: Why Should EU Gamblers Switch to It?

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Trustly Payments: Why Should EU Gamblers Switch to It?
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Top-notch casino companies aim to create a secure system through which punters can buy their bets. This is especially critical during this era of cybercrime when are conscious of the kind of channels that they send their money through. Due to the high online scams, many people want to conduct their transactions on a system that’s scam-proof. 

There are many payment models that punters can use to buy their bets. However, some of them may not provide an excellent service that may meet the expectations of players. One of the best payment methods through which you can channel your money from the bank account to your casino account is Trustly. Keep reading to discover what Trustly is, how it works, and its pros and cons.

 

Facts about Trustly Payments

Trustly is a secure and risk-free payment mode that enables you to make a payment from your bank account. Trustly system was created in 2008 and was initially called InstantBank. This payment method is available in found in Europe. 

Trustly works closely with other payment companies like PayPal to offer excellent client experience. Although various clients can use the technique, it mainly works well with online players.

 

How Does it Work?

Trustly is a unique mode of payment because, as a shopper, you don’t need to register with them to enjoy their services. This means that if the casino site supports Trustly, you don’t move out of the platform when making payments.

When you want to make payment through payment, you’ll see an electronic form where you indicate your bank and how much you want to pay. Having filled out the e-form, provide Trustly with your banking information that it verifies and avails the funds in your casino account.

Trustly works by ensuring that the bettor and the betting platform is are risk-free. Trustly is viewed as a payment mode as opposed to being a website. 

Before you utilize Trustly, it’s critical to check whether your financial institution approves it. Although Trustly is free, you need to find out the amount your lottery website charges when using such payment mode.

 

Benefits of Using Trustly

The gambling industry is evolving due to technology. Currently, you can log in and start playing your best lottery games because there are several gambling sites with no verification for UK and international players. When using such sites, a payment mode like Trustly becomes critical. Many benefits also accrue as a result of using Trustly. These include:

 

Secure online payment

In the past, some individuals used to avoid online gaming and shopping due to scams that used to happen when making payment. However, with the emergence of payment methods like Trustly, such fears are no longer there. Trustly is a secure method of making payment online. Just like all banks, Trustly is controlled by Swedish FSA and gamblers don’t have to fear when making their payments.

Security of Trustly is enhanced by the fact that the payment mode doesn’t save your bank details on their system or the casino one.

 

Quick and convenient payment method

Trustly is designed to provide fast payment with minimal hassles. You can easily transact with any currency at your bank account. Also, you don’t need to have an account with Trustly before you start making your payment through the system. The deposit method doesn’t require any AML procedure, downloading of apps or installation of specific software before you use it.

The method is mobile phone-friendly 

Nowadays, many people use their smartphones to conduct multiple businesses online. Most online gambling sites are also friendly to mobile phones. The good news is that Trustly is also mobile-friendly and bettors can make their payment while using their smartphones.

You can withdraw your prize through Trustly

In case you’ve won a lottery prize, you can withdraw the amount to your bank through Trustly. The system is safe and quick.

No charges

Trustly offers free of charge services. However, the online casino may charge you in case you use the Trustly method of payment.

 

The Downsides of Trustly

  • Not all banks support the payment mode – There are specific banks that don’t recommend this payment method. If you’ve got an account with such banks, you cannot enjoy the free services offered by Trustly.
  • Few countries have it – Trustly is available in some countries in Europe. It’s not a global payment method. You can’t enjoy the payment solution if you don’t come from such countries.

 

Alternatives to Trustly

In case you don’t access Trusty, there are other payment modes that you can use. These include: 

PayPal 

PayPal is a solution that enables you to make or receive payment online. You can start enjoying the service when you register your credit card and use your email address as your account. PayPal is secure and used to make transactions at a global level.

Sofort

Sofort is a solution that enables consumers to make payment. This mode of payment is available in eight countries in Europe. You only need to verify the money that you want to send because other details are already provided. The method is secure as it’s compliant to bank safety regulations.

Poli 

This is a payment method that enables a person to withdraw money from their bank account. The service is mainly available in Australia and New Zealand. The Poli method is secure as the system doesn’t take sensitive data from you.

 

Conclusion 

There are multiple methods that you can use when buying bets online. The mode you apply depends on your location. This article offers you essential information on some of the payment methods.

Industry News

Hensel Grad Law Firm Joins All-in Diversity Project as Strategic Partner

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The All-in Diversity Project has strengthened its network by signing the Hensel Grad Law Firm as its first strategic partner of 2022.

With more than 20 years of experience as gaming regulators and a thorough comprehension of how gaming laws are implemented and enforced, Hensel Grad is a gaming law and advisory firm positioned to serve an explosive gaming and sports betting industry in the US. Susan Hensel, one of the firm’s founders, is also a long-standing member of the All-in Diversity Project Advisory Board.

As the central global resource for diversity, equality and inclusion, the All-in Diversity Project is a nonprofit committed to helping businesses around the world to become better companies through their DEI efforts.

“2022 is a key year for All-in. Not only does it mark the release of the third All-Index, which this year will include early insights into the impact of COVID and includes more big names than ever before, it is also the year that we start to step out of betting, gambling and gaming through our partnership with the British Standards Institute and launch of the first ever formally recognised Code of Practice for Diversity, Equality and Inclusion in the Workplace. At a time when the industry faces greater pressures than ever before, this offers us a unique opportunity to position the sector as a global leader in DEI. Our success has, and continues to be, driven by organizations and individuals committed to change. In Hensel Grad we get both,” Christina Thakor-Rankin, co-founder of All-in Diversity Project, said.

“Hensel Grad is honored to join All-in as a strategic partner. What All-in has been able to accomplish in its first three years is impressive, and we look forward to being at the organization’s side as it continues trailblazing for diversity, equality and inclusion in an industry where such growth is not only under a spotlight but also overdue. We are excited to help the organization reach even greater heights in the years ahead,” Susan Hensel said.

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Industry News

WorldMatch Strengthens Partnership with Cristaltec

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WorldMatch Strengthens Partnership with Cristaltec
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WorldMatch has strengthened its partnership with Cristaltec by agreeing to distribute Cristaltec’s newest games to the Italian market.

WorldMatch is a pioneer and leader in the online market, an ever-expanding B2B provider who has provided for over twenty years what customers and players value the most: security, creative content, operational efficiency and innovative technology.

In addition to self-made slots, known and appreciated by operators around the world, WorldMatch will now also distribute products developed by third parties on the market.

After porting the most popular AWP / VLT Cristaltec games for the online market, WorldMatch will distribute Gallina d’Egitto Classic, Ghost Castle Classic, Blackout Classic, Egyptian Mythology, Vampire, Arizona, 7 Diamonds and Genius, for key customers in the Italian market.

“Cristaltec is a very important partner for us. We are excited to continue working together towards new goals. We are ready to enrich our gaming offer with these titles and we are honored to be able to present the new Cristaltec products to our customers. With this agreement we will further improve both the variety and the quality of our portfolio,” Andrea Boratto, CEO of WorldMatch, said.

“We intended to invest and capitalize on our experience and ability to diversify and expand the gaming offer that has seen us and sees us as leaders in the AWP sector. After the acquisition of the Italian branch of the Inspired multinational for the VLT market, we are strongly committed to the online to bring our gaming philosophy to customers in this sector as well. The collaboration with WorldMatch, leader in the reference market, constitutes an important step for Cristaltec to carry out its goals of growth and consolidation to the online,” Giovanni Agliata, CEO of Cristaltec, said.

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Industry News

888 Reports Record Revenues in 2021

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888, one of the world’s leading online betting and gaming companies, has announced “another record year”, with revenue growth of 14% driven by expansion in regulated markets.

In its post-close trading update, the betting giant reported growth driven by regulated and taxed markets, which contributed 74% of revenue, with strong performances in the UK, Italy, Romania and Portugal, partially offset by a decline in Germany.

B2C revenue increased 15% to $934 million, led by casino (up 24%), with sports growth of (up 4%) reflecting the greater impact of regulatory changes on the sport business, in particular the exit from the Netherlands.

Fourth quarter revenue hit $214m, down 16% from 2020 in-line with 888 expectations.

The update also highlighted the acquisition of William Hill International, which is expected to complete in the second quarter of 2022.

During the period, 888 also made a “strategic” sale of B2C and B2B bingo business for up to $50m, increasing the focus on core B2C platform and US growth strategies.

Itai Pazner, Chief Executive Officer at 888 Holdings, said: “2021 was a year of outstanding strategic progress for 888 as we announced the transformational acquisition of William Hill International, and reached an agreement to sell our bingo business to increase our focus on our B2C and US growth plans, as we continue to execute our plan to build a global online betting and gaming leader.”

“In addition, we successfully launched SI Sportsbook in the US shortly after signing a long-term brand partnership and began operating 888sport under a new licence in Germany, all using our in house sports platform.”

“I am pleased to report another year of record revenues alongside these important strategic milestones, delivering double-digit revenue growth despite a very tough comparative period. This performance reflects the continued success of our data-driven investments and execution against our product-leadership focus that delivers ongoing improvements in the usability, quality and safety of our sports betting and gaming products.”

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