Trustly is a Swedish Fintech Payment Solution Company launched in 2008 and with its headquarters in Stockholm, Sweden the company’s motto remains Pay and Shop from your bank account. Trustly quickly gained popularity as a trustworthy service provider and its payment services were offered by over 800 online stores by 2015, and in 2016 over EUR 1.7 billion transactions were processed. In 2014 Trustly was the runner-up for the Most Disruptive Payment Methods awarded by Digital Payments and Mobile Money.
Why Trustly E-Wallet is Recommended
Trustly is named as one of the thirty-threes hottest tech companies by NY Teknic magazine in 2015 and in the same year the company reached one million transactions processed on a regular monthly basis. At the European Fintech Awards, Trustly finished in the top three in the payments solution category. Trustly is available 24/7 to both consumers and merchants, which is perfect for players who require to either deposit or withdrawal cash from their casino account.
Trustly is authorized by the Swedish Financial Supervisory Authority to provide payment solutions in accordance with the payment services act and can provide payment services within the EEA/EU. There is no need to register an account in order to use Trustly services, and the company does not store details relating to transactions. Also, the company utilizes the highest encryption technology available and protects personal information via 2,084 – bit RSA encryption as well as multi-layer security systems.
Creating A Trustly Account
The surprising fact is that Trustly requires no software installation or registration of a new account, only a valid email address is needed. Anyone wishing to use Trustly would only need a valid bank account from which they could make direct transactions. Trustly suggests that users contact the company where your payment was achieved since the company only provide technical support although its FAQ could provide answers to several regularly asked questions.
Trustly sends an email to users every morning informing them of all upcoming transactions, and each transaction is numbered. A great variety of currencies is accepted at Trustly including EUR, USD, SEK and GBP while bank fees are 2.9% per transaction. Most payments are within minutes although Trustly informs users that it could take a bit longer and that it could take up to two days, while Saturday and Sundays are not bank days.
Benefits Using Trustly
Trustly is safe, simple and convenient to use and was first known as Instabank. The benefit is that users are not requested to register through a lengthy process and that no third party account opening is needed. The biggest advantage is that online casino players can fund their casino account without any hassle and do not have to reveal any personal banking details.