In-depth Overview of Trustly Betting Sites

Trustly is an increasingly popular choice for online gambling transactions, due to its ease of use and high level of security. In this guide, we fully explore this payment method, including how to create an account, deposit funds and where to find the best Trustly betting sites.

Written by: Luke Andrews

Updated on: 24.04.2024

Top Betting Sites That Accept Trustly

1. 🥇 BetVictor ✪ Best Trustly Betting Site
2. 🥈 BetTarget ✪ Best Trustly Bonus
3. 🥉 YetiBet ✪ Best for Betting On the Go
4. ✪ 10bet ✪ Fastest UK Transactions
5. ✪ Ladbrokes ✪ Great Regular Promotions

In our search for the best Trustly betting sites, we’ve leveraged our list of betting sites to address the questions you’re likely asking: Are there fees associated with using this method? How straightforward is it to deposit, and what’s the processing time? We’ve got answers to these queries and much more.

Best Trustly Bookmaker: BetVictor

BetVictor stands out as the premier Trustly betting site among the UK’s best online bookmakers due to its seamless integration of Trustly’s secure payment system, offering fast and safe deposits and withdrawals. This combined with its extensive markets and competitive odds make it a firm favourite.

• Transaction Fees: None
• Deposit Limits: £5 min / £10,000 max
• Deposit Processing Time: Instant
• Withdrawal Processing time 1-2 days
• Our Opinion: Luke Andrews says, “BetVictor has a solid range of banking methods, of which Trustly and its highly secure direct eBanking payment system stood out for me due to its speed and security.“

Essential Information for Every Punter

As experts in assessing UK betting sites, we meticulously examine every facet in our reviews, prioritising your safety and security during online Trustly betting. This includes checking the safeguards sites implement to protect your financial information.

Cost is another crucial factor; we investigate if Trustly charges fees and whether bookmakers impose any additional costs. Moreover, we assess the diversity of betting markets, including popular sports and niche events. For instance, at certain bookmakers restrictions may apply to particular events, such as horse racing betting or Formula 1 betting.

Trustly Bookmaker Fees and Processing Times

In this section, we scrutinise the fees and processing times for both deposits and withdrawals at betting sites that accept Trustly. We’ve navigated through the terms and conditions to provide you with clear insights. The outcomes of our investigation are neatly presented in the table below.

*Limits may apply from the payment processor themselves.

The table above shows that our top Trustly betting sites do not impose fees for deposits or withdrawals. Additionally, Trustly itself does not levy charges on consumers for using its service. Nonetheless, it’s worth noting that some banks might apply a fee, so we recommend verifying with your particular bank first.

Also note that while Trustly deposits are processed instantly, withdrawal times can vary, typically taking between 1 to 5 banking days for the funds to be credited to your account following a withdrawal request. But in our opinion this is a pretty standard timeframe for most payment methods.

The Pros and Cons of Using Betting Sites that Accept Trustly

As this is a direct bank ePayment system, the funds you deposit at betting sites that accept Trustly are directly withdrawn from your bank account. Meaning you can only deposit if you have funds in your account. Unlike traditional bank transfers, Trustly transactions are instantaneous, ensuring your funds are ready to use immediately.

To help you make an informed decision, we’ve compiled a comprehensive graphic outlining the pros and cons of using Trustly betting sites. This visual guide aims to highlight the key benefits, such as instant transactions and enhanced security, as well as any potential drawbacks.

While there are many benefits to using Trustly, there are some areas in which alternative options could be a better fit, depending on your preferences. The biggest drawback for us, is the disappointingly low number of UK bookmakers that accept Trustly.

If speed is a priority for you, alternatives like Mastercard or Visa betting sites might be faster since Trustly necessitates logging into your online banking account each time you deposit, which can be time-consuming. However, the need to re-enter your details for each transaction enhances security, presenting a potential advantage.

Depositing Funds with the Best Trustly Betting Sites

Depositing funds into your sports betting account with Trustly is straightforward and quick, typically taking just a few minutes. Whether you’re using a desktop or a iPhone betting app, or even an Android betting app.

We’ll guide you through the essential steps below to make your first transaction seamless. Keep in mind that the layout and organisation of the casino cashier might vary, but once you grasp the basics, you’ll find depositing with Trustly to be a breeze.

Withdraw Winnings – An Easy Process

Notably, making a withdrawal request with Trustly is even quicker and more streamlined, eliminating the need to log into your internet banking account. Here, we’ll outline the swift steps to access your funds through a withdrawal request.

To summarise, head over to your betting site of choice or open their app, and hit the ‘My Account’ button. Then, you’re going to click on ‘Withdraw’, select the ‘Trustly Instant Transfer Withdrawal’ option, punch in how much you want to take out, and click ‘withdraw’.

Next thing, you’ll zip over to the Trustly website to pick your bank and fill in your details to wrap up the withdrawal. And just like that, you’ll get a confirmation message and be all set, right back on the betting site.

Bonuses at Trustly Betting Sites

All punters want to know what bonuses are available to them. Luckily for you, Trustly betting sites do provide you with the opportunity to claim promotions. The site we listed below, is the one we chose for you.

The key to maximising welcome bonuses is understanding their terms and conditions, such as wagering requirements or minimum deposit amounts. The site we’ve handpicked for you below is a Trustly betting site that provides attractive bonuses.

Security of Trustly Gambling Sites

Trustly distinguishes itself by leveraging the robust security frameworks of banks themselves. Unlike other methods like Mastercard and Visa, which integrate their own security measures, Trustly acts as a direct conduit to your bank’s existing protections. This means you benefit from the high level of trust and security you already have with your bank.

Trustly operates under strict regulatory oversight, holding a prestigious status as a licensed payment institution. It is supervised by the Swedish Financial Supervisory Authority and possesses a European Payment Services Provider (PSP) licence in accordance with the Payment Services Directive (PSD, 2007/64/EC). They also never store users’ financial information.

A Short and Concise History of the Company

Trustly is a Swedish financial technology firm established in 2008, and it has revolutionised the payment industry by enabling customers to make purchases directly from their bank accounts, bypassing traditional debit card transactions.

As part of the burgeoning wave of over 300 Alternative Payment Methods (APMs), Trustly stands out for its innovative approach to payments, offering a tech-savvy alternative to conventional card providers. This initiative reflects the company’s commitment to providing secure, efficient, and user-friendly payment solutions.

Information about Trustly:

Company Name:	Trustly Group AB
Business Sector:	Private, Financial Services
Headquarters:	Stockholm, Sweden
Website:	www.trustly.net
Regulation:	Swedish Financial Supervisory Authority
Share Price:	n/a
Founded:	2008
CEO:	Oscar Berglund
Founders:	Carl Wilson, Joel Jakobsson, Lukas Gratte
Revenue:	1.4 billion SEK ($150 million) (2019)

Supported Currencies:	Multi-currency functionality
Active Accounts:	12M Payments processed per month
Customers:	4.5k Merchants; 600M Consumer Reach
Customer Service:	Yes
Mobile App:	No need
Customer Fees:	No
Seller Fees:	No
Number of Trustly Betting Sites:	3
Best Trustly Betting Site:	Betway

Headquarters in Stockholm, Sweden

Official Twitter Feed

Tweets from Trustly

Over its years of operation, Trustly has experienced remarkable expansion. This growth was so significant that in 2017, the Financial Times recognised Trustly, ranking it #242 among Europe’s fastest-growing companies. From being supported by over 800 online merchants in 2015, Trustly expanded to process transactions across 29 European countries by the following year.

While its 2015 revenue of €20 million might appear modest in comparison to other payment giants, it underscored an impressive growth rate of 85%. Its collaboration with PayPal has been particularly noteworthy, leading to the introduction of the Payout Express product, showcasing Trustly’s commitment to innovation.

How does Trustly Compare to Other Alternatives?

The landscape of betting has evolved far beyond the traditional method of walking into a high street bookmaker with cash in hand. In today’s digital age, the plethora of online funding options has transformed how we engage with betting platforms. Amidst this sea of choices, where does Trustly stand?

Trustly betting offers a unique blend of security, convenience, and speed not found in all betting payment methods. However, like any payment method, it comes with its own set of pros and cons, including its reliance on specific bank partnerships which may limit its availability.

Each of the above payment methods is a great alternative to Trustly. PayPal stands out as a premier alternative, especially due to its unparalleled reputation for security, offering end-to-end encryption and a robust fraud prevention system. It is also more widely accepted at UK betting sites than Trustly.

Betting with Trustly – One For the Future?

Initially skeptical, our first encounter with Trustly occurred during an attempt to top up our PayPal account, requiring an internet banking login—a step that seemed cumbersome compared to the simplicity of a debit card. However, our deep dive into Trustly’s operations and a firsthand trial transformed our opinion, highlighting its ease and speed of use.

Despite its current limited acceptance among betting sites, Trustly’s potential for growth, especially after its 2019 merger with PayWithMyBank aimed at expanding its global reach, is undeniable. Trustly stands out for its simplicity, enhanced security, and the ability to unlock new customer betting bonuses.

Yet, the relatively scarce number of Trustly betting gambling sites may prompt some bettors to explore more universally accepted alternatives. We hope to see it embraced by more betting sites in the future.

FAQ

We love hearing your feedback and suggestions for our site, and if you have any questions regarding the best Trustly betting sites or any sports gambling questions, you are welcome to drop us an email at info@bestbettingsites.com.

What are the best Trustly betting sites?

The best Trustly betting sites are ones that combine a broad selection of betting markets, competitive odds, robust security measures, and excellent customer service. These top sites also offer a safe and decrypted cashier sections, and will be licensed by the UK Gambling Commission.

Do I need a specific internet browser to use Trustly?

The good news is that Trustly is supported by many Internet browsers such as Internet Explorer, Chrome and Firefox and is compatible with all modern devices. It is safe to use Trustly on all the gambling platforms, including mobile, desktop and tablet devices. There is neither further need to download a special mobile app.

Which Trustly betting site has the best welcome bonus?

We've outlined the best Trustly welcome bonus in our guide. It includes a decent amount of cash and comes with reasonable terms and conditions, including fair wagering requirements and a good validity period.

How to deposit with Trustly at an online betting site?

You can deposit quickly and easily via Trustly on all the betting sites. You just need to follow a couple of easy steps, and the best thing is that there are no additional fees. You can take advantage of easy deposits from all your mobile or desktop devices.