Table of Contents
- What’s Trustly and How Does it Work?
- Benefits of Trustly Bingo Sites
- Drawbacks of Trustly Bingo Sites
- How to Use Trustly to Deposit at Bingo Sites
- How to Use Trustly to Withdraw at Bingo Sites
- Processing Times, Fees, Limits, and Unique Features at Trustly Bingo Sites
- Trustly Bingo Sites FAQ
What’s Trustly and How Does it Work?
Trustly is a direct banking option that allows users to shop and check out via their online bank accounts. It’s an intermediary between your bank and the merchant’s bank, in this case the bingo site operator. By doing so, it provides a wall of protection against your personal banking details getting into the wrong hands. Operators never get a hold of your details, as Trustly does the payment processing.
Established in 2008, Trustly is a fintech company headquartered in Stockholm, Sweden. Their account-to-account payments allow seamless transactions for 525+ million users. Trustly also has over 8,100 global merchants and collaborates with over 6,000 banks in more than thirty countries. In the UK, Trustly partner institutions include most of the big-name banks and credit unions, including Halifax, Royal Bank of Scotland, Barclay’s, Lloyds Bank, etc.
Benefits of Trustly Bingo Sites
No Card or Apps Needed
You don’t have to register for a Trustly account before using this method. It’s an online service that is readily available to use. Although it works seamlessly on mobile bingo sites, it doesn’t require downloading apps or bothering with card details.
Premium Bank-Grade Security
One of the primary benefits of Trustly is that it is safe to use. The payment option is ISO 27001 certified. It uses SSL/TLS encryption for data protection, two-step authentication, and peer-to-peer technology. Since you don’t create an account, Trustly doesn’t store your details either. The singular fact that Trustly is widely accepted and trusted at many banking institutions speaks for its legitimacy and security standards.
Instant Deposits and Withdrawals
Trustly transactions are bank-to-bank, but it was designed to expedite lengthy wire transfers, and that’s exactly what it does. The digital payment provider will process every initiated transaction immediately and will not hold on to players’ funds. The system will direct them immediately from account to account, and it works both ways.
Trustly only charges merchants that adopt the service, while players can deposit and withdraw with zero fees. Some bingo sites may decide to impose fees of their own volition, so check with any new bingo sites you wish to join.
Drawbacks of Trustly Bingo Sites
Trustly may be unavailable to unlock bingo bonuses. You should take care so that you don’t lose out on the welcome offer.
Trustly does not work with all banks. If your bank is not among the list of partner banks, you’ll have to opt for another payment method.
Not the Most Widespread
While there is widespread use of Trustly, it is unavailable on many online platforms compared to debit cards, PayPal and other e-wallets. Sometimes, Trustly may be available for deposits and restricted for withdrawals or vice-versa.
How to Use Trustly to Deposit at Bingo Sites
As mentioned, you don’t have to open a Trustly account before you can use it. All you have to do is choose Trustly when making payments on a bingo website or when checking out. Here’s the step-by-step process:
- Log in to your Trustly Bingo sites
- Navigate to the cashier page and select ‘Deposits’
- Enter the amount you want to transfer
- Select Trustly as your payment option
- Choose your bank from the partner institutions listed
- You’ll be redirected to your online banking page
- Sign in with your bank details and confirm the transaction
- Trustly credits your account immediately
How to Use Trustly to Withdraw at Bingo Sites
Withdrawals follow a similar process:
- Log in to your preferred Trustly bingo site
- Navigate to the cashier page and click ‘Withdrawals’
- Choose Trustly and the amount you wish to cash out
- Select your Trustly-supported bank and enter your bank account
- You will get a withdrawal confirmation email to verify your withdrawal
- Wait to receive your funds in your account
Processing Times, Fees, Limits, and Unique Features at Trustly Bingo Sites
Generally, Trustly processes transactions immediately after you initiate them. Deposits reflect right away. Withdrawals take up to 48 hours, with the approval time from the casino combined. Nonetheless, this is still one of the fastest processing times among gambling payment methods.
Players usually don’t have to bother about fees with Trustly. Regarding limits, most Trustly sites accept a minimum of £10, but you can find a couple of £5 Trustly bingo sites as well.
Trustly is also responsible for the innovative Pay N Play service, where all you need to do is deposit funds to begin playing games; no registration is needed. Although Pay N Play is not available at UK casino and bingo sites, this solution is actively supporting instant registration and payments at plenty of casinos across Europe.
Trustly is an extremely reliable and secure way to pay at online bingo sites. It’s not widespread since other solutions like PayPal and debit cards dominate the market. However, the seamless transactions and other unique features have won the hearts of many players. It is simple, fast, and highly secure, three things that make it the perfect gambling payment method.
Trustly Bingo Sites FAQ
Can I make payments with Trustly on a bingo site?
You will find Trustly on some of the most popular Bingo sites due to its fast payment processing and other beneficial features. Trustly can support both deposits and withdrawals.
How long does it take for Trustly to process payments?
Trustly payment processing is very quick. It’s instant in most cases. However, withdrawals may take between 12 to 48 hours. Factors that may delay processing include public holidays, weekends, and the bingo operator’s processing time.
Can I cancel a withdrawal on Trustly?
Every transaction process on Trustly is automatic; therefore, you cannot terminate an ongoing transaction once you initiate it. However, you may consider following up with the merchant.