Trustly Pay n Play Casinos: Sign and Deposit into your favorite Casino in less than 2 clicks
Making payments in Online Casinos has always been a complicated process both for players and casinos. For more than three decades, the iGaming industry struggled to find the next key innovative breakthrough to untangle the lengthy, and tedious payments and registration processes.
During the London’s ICE event in 2008, Trustly (formerly known as InstantBank), introduced its Direct Payment Technology to the world. The latest had for objective to implement a smart and practical online banking experience. By cutting short the need to exchange information between players, and Online Casinos, the new payment system opened the door to a new age of trust and fluidity in the gambling industry.
Thanks to Trustly’s innovative system and the integration of the BankID login feature, players are now able to deposits, and withdraw funds directly to and from their regular banking accounts. In addition, all instant banking transactions are fully compatible with most mobile devices, including “iOS, Android, Windows Phones, and Blackberries”.
As of today, residents of more than 29 Countries across Europe can benefit from this service, while the Swedish Fintech giant is continuously building new partnerships with some of the most reputable banks in Europe. Every month, an estimated 2 million transactions are processed across Europe.
Entercash – Two for the price of one
As a sister company, Entercash is the second largest company to power Casino gaming without registration via its online payment system. Currently owned by Trustly, both service providers rely on high-quality and secure money transfer technologies.
There is little to no difference between the two e-Banking platforms, even though Entercash offers a faster cash transfer to customers of of the following banks:
A few facts in numbers:
PayNPlay Casinos: features and models
With the OBeP “Online Banking ePayments” latest solution making its proof as a reliable payment technology, Pay and play Casinos are quickly becoming the standard in the iGaming industry. Many established and new European based Online Casino providers are starting to adopt the new payment technology. This new wave gave rise to two distinct Pay’N Play categories, respectively known as the “Pure” and “Hybrid” models.
Pure Pay N Play Model:
In this model, No Account Casinos offer a unique login feature. Only The BankId or the online banking credentials of the player can be used to login, deposit, play and withdraw funds. No registration or account is required in the pure model. To ensure continuity between paying sessions and devices, the “Continue Playing” feature has been implemented to allow players to pick up the right where the left off. Ex: Brands such as Speedy Casino is the leading brands for this model.
Hybrid Pay N Play Model:
In the Hybrid model, often found in established Casinos, Trustly is only used as an addition to the already existing conventional deposit and withdrawal methods. The BankId is linked to an existing account previously created. While players can clearly enjoy the benefits of the PayNPlay instant payments, they will still need create an account and get it verified. Ex: LeoVegas and the very popular Mr. Green Casino have both recently introduced the hybrid model.
Dealing with customer’s data integrity and security
Seen today as the future of online payments, Pay and play has been adapted by major players in the gaming industry. Trustly’s networks and robust technologies operate on an air tight loop, to limit information leaks between the payment service and its Gaming partners (Pay and Play Online Casinos). A secure and fast payment is guaranteed at all times!
The implemented security measures assure:
- A preserved integrity: Only one account permitted per user.
- Establish and confirm the physical location: Respect Countries and IP restrictions.
- Smooth transactions: The money exchanges hands flawlessly between customers and the service provider in both directions.
- Less is better: Only mandatory information is shared between customers and the casinos.
Far from being the perfect payment method, here are some pros and cons of Casinos with BankID
- In less than 50 seconds, deposit and start playing your favorite game for real money
- Get paid in less than 5 minutes. Before you can realize the extent of your luck, your winnings are already waiting in your bank account.
- Tax free winnings! Being European based and only working with Casino partners holder of an EU license, there is no one dipping in your cut!
- Stay low key! Avoid annoying calls, SMS, and promotional emails from the brands.
- Being currently available to a select European Countries. Only users from Germany, Sweden and Finland have access to online Casinos with Pay n Play where they play without registering thanks to Trustly PayNPlay service.
Comparison Table: Trustly vs PayPal vs Neteller
|Transaction Fees:||Toll-free||Toll-free||Min. 1.49% + 0.35€|
|Incoming Payment Fees:||Toll-free||Toll-free||Min. 2.9% + 0.35€|
|Prepaid Card Cost:||Not Available||10€||Not Available|
|Prepaid Card Fees:||None||Toll-free||Min. 1.49% + 0.35€|
|Real Time Deposits:||Yes||Yes||Yes|
|Conversion Fees:||None||2.9%||3 to 4%|
Milestones achieved by Trustly in 2018 -2019
As of the most dynamic companies in the world, Trustly continues to make its mark in the instant online banking industry. For the third year in a row in its annual FT 1000 list, the Financial Times has named Trustly as one of the fastest growing companies in Europe.
With an annual growth exceeding 362% in the 3 years between 2014 and 2017, Trustly is confidently holding the 12th position in the fintech category and ranks as the 7th biggest in Sweden. To establish its supremacy over the European payment service market, the Swedish fintech giant respectively opened new branches in the UK, Spain, Germany and Malta.
New Accomplishments and Partnerships:
- Received the TÜV Rheinland Certification in Germany for its achievements on data protection and security.
- Launching of Pay N Play® feature in four of the biggest online Casino markets European (Sweden, Germany, Finland and now the Netherlands)
- Launched “Pay Your Invoice”, which is a new product allowing users to pay their invoices via instant online banking.
- A successful merging with PayWithMyBank. Together with Trustly, the Silicon Valley-based company hope to bring transatlantic online banking.
- New Partnerships with world leading companies such as Alibaba.com, ECOMMPAY, Collector Bank AB and Payson to provide instant online banking payments to Europeans customers.
Frequently Asked Questions:
What is a BankID?
The BankID is an electronic identification system provided by a network of major banks in northern Europe. It is used to securely identify bank account holders and, process transactions on their behalf. Ultimately, the BankId allows account holders of participant banks to make online transactions directly to, or from their local bank accounts without the need to directly share personal information with the service provider. In our case, Online Casinos.
How long do Trustly withdrawals take?
A transaction generally takes from a couple of minutes, to up to two working (bank) days to arrive into your bank account. With the countdown starting from the second the transaction is processed and sent by the merchant. In case of a delay, it is advised to contact the merchant or your bank account for further inquiries.
What are the different types of Casino Games?
Pay n Play Casino games come in all categories and themes. The most popular games one can expect to find in Pay and Play Casinos are slot machines, Blackjack, Roulette, Live Casino, Lottery, Scratch cards, Video Poker, and Baccarat. In addition to classic games, certain brands offer Sports betting and eSports. Fans of slot machines can enjoy classic titles such as: Mega Moolah Progressive Jackpot, Book of Dead, Eye of Horus, Gonzo’s Quest, Cleopatra, Monopoly Slot, Dead or Alive 2, and Starburst.
Are there any extra fees for paying by Trustly?
There are no additional or hidden fees when making a payment with Trustly. However, depending on your bank’s terms and policies, you might get charged a small transaction fee while processing your payment.
What is the KYC (Know Your Customers) requirements and why is it important?
The KYC is a standard verification process imposed the law in many institutions. In order to benefit from online Casinos services, players are required to provide documentations such a proof identity, a proof of address as mandatory KYC documents. In certain cases, a portrait photograph (Selfie), and a proof of funds are also required to establish the client’s full identity profile. This procedure allows service providers to stay compliant with the law while avoiding forgery and fraud.
Is it possible to use different Bank credentials to play with several accounts in the same Casino?
No, it is prohibited to have more than one active account per online Casino. Trustly ensures the authenticity and uniqueness of the players profile by cross checking key information (Identity number, Age, Address…) with the Casino in the background during the login process.
Can you play with a Bonus in Pay and Play Casinos?
Yes, many Pay and Play Casinos offer Welcome bonuses, No Deposit Bonuses, Free Spins, Mach Bonuses, and other forms of incentives. Refer to the table above to claim a welcome Bonus from the featured brands.
Are There terms and conditions for Pay N Play Casino Bonuses?
Unless advised otherwise, the bonus structure is the same as in conventional Casinos. Players may choose to either claim a bonus to match their deposits or simply play with the deposited amount. In case a bonus is used, the player is required to fulfill the bonus terms and conditions before becoming eligible to withdraw the winnings.
Do Online Casinos Pay?
Yes, all real money online casinos are required by law to issue payments in case of a legitimate winning. But, to make sure all your profits are paid in full and on time by the casino, one must only play in serious casinos, that provide an excellent gaming experience, quality games in a fair play environment, and lucrative offers to give all players an equal chance to win.
Trusly is a licensed payment institution based in Sweden. The company is supervised and works in tight cooperation with the Swedish Financial Authorities. With a valid European Payment Service Provider license (PSD: 2007/64/EC), Trustly ensures its presence across the European scene. Visit the official site for more info.
- Company: Trustly Group AB
- Subsidiary: eWise Group Inc.
- Website: https://trustly.com/
- CEO: Oscar Berglund
- Industry: Financial Services
- Employees: 300+ (2019)
- Revenue: 90€ million (2018)
- Address: Sweden, Norrtullsgatan 6, 7th Floor, 113 29 Stockholm
- Email: email@example.com
- Phone: +44 20 3917 4826
- Corporate Identity Number: 556754-8655
- Founded: 2008