Trustly is an online open banking system founded in Sweden in 2008 and currently operates in 29 countries. Most betting sites in Scandinavia, Germany and the United Kingdom accept transactions through Trustly. On top of that, the company cooperates with PayPal and PayWithMyBank for international transfers. Trustly bookmakers offer quick and safe transactions and the possibility to bet in your local currency.
The company collaborates with over 8100 merchants and has 525 million active users. Eligibility for a welcome bonus & participation in any promotion, player to player transfers and almost zero fees are the leading edges of the payment.
In the following Trustly review, you will take a deeper look into every aspect of betting with it, such as:
- An up-to-date (2024) list of Trustly betting sites
- How to use it when betting online
- All the pros and cons
Which Are The Best Betting Sites With Trustly
There are many Trustly bookies to choose from; below, we list only the top ones. Quick transactions and close to zero fees are their main perks. Go ahead and select the one that suits your betting needs.
Why should you bet on a Trustly sportsbook
Trustly constitutes one of the best bookmaker deposit methods and players have plenty of reasons to bet on a sportsbook that offers it. Quick deposits, no need to create an account and almost zero fees are some of its main perks. So, let’s take a look at all the benefits it brings to the table.
✔ Instant transactions: All transactions are processed quickly and safely. The possibility of rejection for a deposit is close to zero. The fact that deposits on Trustly bookmakers are almost instantly processed is essential for bettors who want to bet on live events.
✔ Widely accepted by bookmakers: Trustly is a famous online payment method in Europe, mainly in Scandinavian countries, since it has operated for over 13 years. Therefore, it is not tough to find Trustly bookies.
✔ No need to create an account: Avoid creating an account and proceed with KYC may be important for many bettors. On a betting site that accepts Trustly deposits, players just need to choose it as a payment option and hold an account with a collaborating bank.
✔ P2P transfers: The cooperation with PayWithMyBank allows players to transfer an amount to a friend. Bear in mind, though, that the service is available only for European and US users.
✔ Betting with the local currency: It is essential that players who use Trustly can gamble with their local currency. In this way, users avoid being charged with conversion fees.
✔ Eligibility for a Welcome Bonus: Most of the time, a deposit on Trustly betting sites means that players are eligible for a welcome bonus. Moreover, bettors can claim any new offer or participate in any promotion.
✔ Available in multiple languages: It makes it easier to use a payment service in your language. The Trustly site is translated into many languages. English, French, German and all the Scandinavian ones are among them.
✔ Low to zero fees: Trustly won’t charge you any fees when you deposit or withdraw an amount from your bookie. However, some sportsbooks may charge you an amount. At the same time, your bank may also add a small fee. To be informed about that you need to contact your bookmaker or your bank respectively.
Drawbacks of sports betting with Trustly
Like every other payment method, Trustly comes with drawbacks, such as not accepting cryptocurrencies and not being available in many countries. Check them all out below.
❌ Not available in many countries: Trustly has 525 million active accounts and collaborates with 6300 banks and 8100 merchants. However, it operates in only 29 countries for now.
❌ It can only be funded through a bank account: Most payment methods usually can be funded in multiple ways. So it is a drawback that you can top up Trustly only through your online banking account.
❌ Not accepting cryptocurrencies: It’s a drawback that players can not use funds from a crypto wallet to deposit to a Trustly betting site. However, you can buy cryptocurrency from any exchange that accepts it.
❌ Lack of a plastic card: It is a drawback for many bettors that there is no option for a plastic card to use their funds in multiple ways.
❌ No Trustly app: Even though players can use the payment through a smartphone to gamble with a bookie, the lack of an app is a shortcoming. The deposit procedure may be slow in some cases.
Is betting with Trustly legal and safe?
Launched as Glue Finance, Trustly is a member of the Swedish Trustly Group. In 2017 the Financial Times ranked the company #242 in a list with Europe’s fastest-growing companies.
It is a company with a network that includes 6,300 banks and has over 525 million customers. We are talking about a payment that the Swedish Financial Supervisory Authority authorizes.
Moreover, the company holds a European Payment Services Provider (PSP) license and a Payment Services Directive (PSD). Thus, your betting activity is 100% legal when depositing to Trustly bookmakers.
Regarding safety, the payment uses two-factor authentication combined with 2048-bit RSA encryption. So, all accounts and every transaction are safe.
How to deposit on Trustly bookmakers
Betting with Trustly is a straightforward process since you don’t have to create an account. To deposit quickly, you need to follow the next steps:
- 1 Enter your Trustly sportsbook
- 2 Select Trustly as your payment method
- 3 From the list of banks, choose yours
- 4 Enter your personal details like your password
- 5 Select the account you want to pay from
- 6 Fill in the amount you want
As your last step, you have to complete the two-step authentication procedure. That’s it. The amount will be available in your betting account immediately.
Can I withdraw from Trustly betting sites?
Trustly betting sites allow you to withdraw since you made a deposit the same way. The procedure is effortless if you follow the next steps:
- 1 Log in to your desirable betting site
- 2 Choose the “Withdraw” option
- 3 Select Trustly as your payment method
- 4 Enter the withdrawal amount you want
- 5 You will be redirected to the Trustly platform and you need to choose your bank
Complete the two-step authentication procedure and that’s it. Depending on your bank, the amount will be in your bank account at the latest within two business days.
Fees and limits
A significant advantage of deposits through Trustly on online bookies is that the company will not charge you any fees and the same applies to your withdrawals. However, your bank may come with some extra charges.
In this case, you have to contact the bank you are dealing with to be informed about possible charges. In some cases, merchants that accept Trustly may charge some extra fees, especially in international payments.
Regarding limits, they may differ depending on the Trustly betting sites that you choose to play on. The most common minimum deposit amount is €10 and the minimum withdrawal is €20.
Below you can find a list of all the countries in which the payment operates. It is essential that in any of these countries, bettors can use their local currency when wagering on betting sites with Trustly.
Austria, Belgium, Bulgaria, Croatia, Czech Republic, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.
Sweden is the country where Trustly was established. 23% of Swedish use it for online payments. There are plenty of bookmakers that accept transactions with Trustly. By this time, 10+ local banks have cooperated with the payment.
On most Sweden betting sites, the minimum deposit with Trustly is usually SEK 50 and the maximum amount could be up to SEK 80,000 depending on your bookie.
Trustly Finland Oy was founded in 2014. In 2018 Trustly opened a new office in the Kaartinkaupunki area in Helsinki. The payment is prevalent among people who prefer paying online in the country.
Almost 40% of them use Trustly when paying online. Aktia, Alandsbaken, Danske bank, Nordea, OmaSp, OP, POP Pankki, S-Pankki and Säästöpankki are among the banks that collaborate with the payment.
So, it is not hard for bettors to find Trustly sportsbooks operating in the country. Usually, the minimum deposit amount is €10 and the maximum could be up to €50,000.
In Germany, Trustly holds TÜV-certification for IT security and legal data protection. Many local banks like Sparkasse, Volksbank and Deutsche Bank work with the company. Most of them will not charge any fees to players.
Regarding betting sites in Germany, many of them accept transactions through Trustly. Typically, on most Trustly bookies, the minimum deposit amount is €10 and the maximum could be up to €50,000.
Trustly was represented in the UK in 2016. By now, many bookies accept it. In February 2021, it announced that it would be the Official Open Banking Partner of West Ham United Football Club.
Over 12 banks collaborate with the payment in the country. Barclays, Lloyds Bank, Santander, Svenska Handelsbanken AB are among them. Users can fund their PayPal account through Trustly.
The minimum deposit amount could be as low as £10, while the maximum deposit amount depends on your bookmaker. Most of the time, gamblers can claim any promotion they want when depositing on Trustly bookmakers.
Pay N Play bookmaker service
Pay N Play is a new service provided by Trustly. We are talking about a mobile-friendly service designed for online gaming. The main advantages for the player are that he doesn’t need to proceed with a registration, there are no fees applied and transactions are really quick. Many betting sites that use Trustly also support this payment option.
Trustly compared to other payment methods
⏩ Trustly vs Zimpler
Zimpler is an online banking method originated in Sweden, supporting payments from 10+ European countries. Instant deposits through three different ways and high security levels are among its significant edges. Nonetheless, Zimpler betting sites are not easy to be found, and unlike Trustly, no P2P transfers are supported.
⏩ Trustly vs Klarna/Sofort
Klarna/Sofort is a popular payment method for online gambling in Germany. Sofort was launched in Germany in 2005. Later in 2013, the Swedish bank Klarna acquired the company. The payment provides quick transactions combined with low fees and an easy-to-handle mobile app.
However, withdrawal restrictions are a considerable shortcoming when comparing Klarna betting sites to the ones accepting Trustly.
Final word on Trustly
Trustly is one of the top choices in the online gambling market. Some of its most significant advantages are player-to-player transfer, easy & quick transactions in combination with eligibility to claim a welcome bonus on many betting sites. However, it still operates only in 29 countries. Moreover, Trustly bookmakers can be funded only through bank transfers.
To sum up, Trustly is a great payment option even for demanding players. However, the fact that it is not accepting cryptocurrencies and the lack of a plastic card and a mobile app are considerable drawbacks.
On the contrary, fast and secure transactions, low fees and the fact that it allows betting in your local currency make Trustly an attractive choice. From recreational gamblers to professional ones, I would recommend betting with Trustly on online bookies.
Complete list of Trustly bookmakers
Quick transactions and playing in your local currency are some of the main features of betting sites that use Trustly. So check below the list of all Trustly bookmakers and select the one that best suits you.
Trustly belongs to Trustly Group and it is not a part of PayPal. Nevertheless, since 2014, the company has had a partnership with PayPal. Users of PayPal can fund their accounts directly from an online bank account using Trustly’s services.
An advantage of Trustly is that withdrawals are usually processed within a few hours. However, they can even take up to 2 business days, depending on the bookie you are playing at and on your bank, of course.
Unfortunately, you are not able to use your cryptocurrency to deposit through Trustly. At the same time, you can buy any cryptocurrency with it if you choose a crypto exchange that accepts deposits with Trustly.
That’s a major advantage since it is not necessary to create an account. As long as you have an account in a bank that cooperates with the payment, you just need to choose it as your deposit method on your favorite bookie and you’re good to go.
Thanks to the excellent collaboration between payment solution providers, you can utilize Trustly to add funds on popular deposit options like Neteller, PayPal or Skrill.