Trustly in Austrian Casinos

Even though it offers a legal online gambling scene, Austria is one of those countries that does not kid around when it comes to regulation and enforcement of online gambling laws. You will learn more about its laws and rules in a bit, but for now, it is important to know that as an Austrian player, you will get to explore licensed Austrian online casinos to eventually join. Across these sites, you will find a payment method that can certainly contribute to your enjoyment even further, Trustly. This open banking solution brings together the best of the two banking worlds: the standard and the alternative. It connects you, your bank, and your online casino in the most amazing way that you will soon know all about. So, stay with us to see how effortless it is to use for your deposits and withdrawals across Austrian casinos, as we'll tell you all about it. What is Trustly and why select it as your payment method at an online casino licensed to operate in Austria?

Online Gambling Regulation in Austria

Austria is no stranger to gambling. In fact, the country legalized it back in 1989 with the Gambling Act, with the Ministry of Finance as the main regulatory body that would make sure the land-based gambling industry runs smoothly, with no scandals or crime. Things were pretty plain and straightforward: operators who would want to obtain a license would need to meet certain criteria and that would be it. That’s why plenty of operators decided to set their operations up on Austrian soil and successfully did so.

But things with the online gambling industry were not as smooth. Even though the country legalized it in 2010, with the Laws on Games of Chance, an amendment to the Gambling Act, the rules for operators were not as straightforward to follow. What happened was that those interested in obtaining a license to operate in the Austrian online gambling market had to have a land-based presence first. What’s more, once they obtained a license, they had to cater to Austrian players only.

This was a setback for many international online casino operators who intended to apply for a license. International operators, as you know, get licensed in many markets and intend to accept players from all around the world. So, when the Austrian regulator set the rules, not that many operators showed interest in getting licensed to cater to Austrian players only. That’s actually the main reason why you won’t find that many operators licensed in Austria. Win2Day is one well-known brand that is, indeed, licensed, but you should not hope to find hundreds of sites with a license by the Austrian Ministry of Finance to check out. You should keep a close eye on collaborations, as you can see operators coming to Austria via licensed operators like Win2Day, but that would be it.

In fact, you should be well aware that the Austrian regulator is dead serious when it comes to illegal online gambling. Player protection is always its primary concern and that’s why you’ll see international sites trying to illegally access the market getting blocked. But the good news for you as a player from the country is, that even if you somehow manage to join an international online casino, despite the blocks, Austria has your back. The country is known to sue operators who dared to accept Austrian players despite the laws and rules and then treated them with disrespect. Remunerations are always demanded, and the least that these wrongful operators have to provide the player in case they’ve treated them with no fairness whatsoever. So, you can rest assured that, one way or another, as an Austrian player, you will surely experience an enjoyable and above all, safe, online gambling experience.

The only thing you should pay attention to when joining an online casino of your preference is the banking solution you’ll use. May we suggest you check out Trustly? Especially if you're a firm believer in alternative solutions but love the security standard banking solutions provide you with. This is an open banking solution that combines the best things of the two worlds, allowing you to make effortless, easy, and convenient transactions that go from and to your bank account, with the aid of next-class technology. What's more, transactions with it will be processed in your native currency, the euro, and will be completed in just a few moments of your time, with just a few clicks or taps on your desktop or mobile device. So, stay with us to find out all about it, to be able to later use it across the finest Austrian online casinos.

Using Trustly Across Austrian Online Casinos

Trustly had already been successfully operating in Austria for two years when the country legalized online gambling. That’s why it was not surprising it picked up immediately across the Austrian online gambling industry the minute the market launched. The solution comes from Sweden, launched by Trustly AB, initially designed for the European markets. And it was operating in Europe only for over a decade, before it teamed up with PayWithMyBank, a US-based startup, and went global.

With this collaboration, its network grew immensely, and today, the solution is used by over 650 million customers, connecting them with over 12,000 banks and 8,300 merchants. In a year, its transaction volume crosses $42 billion, and that's why it is considered one of the best, most successful, and most trusted online payment processing companies in Europe. In fact, in 2018, it received the ultimate recognition from the Financial Times, being ranked as one of the Fastest Growing European Companies.

Its reputation speaks for itself, as do its statistics. Its biggest strategic move that dubbed it as one of the most convenient solutions in the online gambling industry was thelaunch of the Pay N Play product, crafted specifically for gamers. Even though the solution offers another useful product, Direct Debit, which essentially makes direct bank transfers faster and more effortless, the Pay N Play product brought it excellent results across the online gambling industry and made Trustly even more popular across the Austrian market than before.

Now that you’re probably convinced that it deserves your try, let’s see how to get started with it. That’s where the solution really shines in: you don’t need to create an account with it to start using it. Yes, it is that amazing! All you need to do is decide that you wish to use it and then choose it as your payment method at the Austrian casino you join. From here, you’d need to provide some banking information to complete your transaction requests, but don’t worry, as your data is completely safe with it. All transactions are encoded and encrypted, so you can just sit back and relax, knowing that your money is completely safe with it.

So, stay with us as in the next section we’ll take you through the steps you’d need to take when depositing and withdrawing across the top Austrian casinos that offer it.

Deposits and Withdrawals with Trustly

If finding a proper casino to join that offers Trustly was a concern of yours, now it’s a good time to relax. Only here at WoO, you will get to check out over 200 sites that surely offer the solution and cater to Austrian players. Sure, on our list you’ll find casinos licensed in Austria but also international sites that accept Austrian players; nevertheless, your choices will be splendid. Oshi, IceCasino, and BitStarz are just some great candidates but explore our list and you'll surely find your winner faster than you imagined.

After you make your decision on the site to join, you’ll need to register a player account with it. You will need to provide personal info upon registration, and once your account is ready, to fund it with Trustly, do the following:

1. Access your registered player account and find the Banking/Payment Methods page.
2. Search for Trustly/Pay N Play and select it once you see its logo.
3. In the new window, select the bank you have an account with, from the ones Trustly has partnered with, displayed for Austrian users.
4. Enter the credentials to access your online banking profile and the funds you have in your respective bank account.
5. Select whether you wish to use your checking or savings account to transfer your funds to your casino balance.
6. Confirm the transaction and watch the funds arriving on your balance instantly.

We already mentioned that money can go from and into your bank account with Trustly, meaning, you can use it for withdrawals, too.

The withdrawing procedure is actually easier, as all you’d need to do is select the solution from the Banking/Payment Methods page, section Withdrawals, and then enter your banking information. After you specify the amount you wish to cash out, you'll need to wait this time, for the operator to approve your request. This usually takes 24 to 48 hours, but it depends on the operator and the casino's withdrawal policy. Wait as long as needed, and once you get your approval, you will see the funds you requested instantly transferred to your respective bank account.

Conclusion

There is no doubt that Trustly is a well-respected, safe, and useful payment solution, one that deserves your try across the many Austrian casinos that offer it. It is effortless to use, you can use it for both deposits and withdrawals, and it is available across a great number of sites that cater to Austrian players – the formula for successful online casino transactions.