Trustly in UK Casinos

Given the current situation with online gambling transactions in the United Kingdom, more and more UK players are turning to alternative payment methods to use for their deposits and withdrawals. Many of them use eWallets or cryptocurrencies, but many choose to stick with bank-related alternative solutions, like Trustly. This is an open banking solution that has made credit and debit cards redundant and has made open banking payments a new standard, especially across the online gambling industry, even though it caters to all kinds of industries, really. As a UK player, with it, you can make effortless deposits and withdrawals in UK pounds, from and to your bank account, in just a few simple taps on your device. We’ll, of course, go into details in this article, but for now, you should know that it is a great option and one offered across hundreds of UK casinos. What is Trustly and why select it as your payment method at a UK online casino?

Online Gambling Regulation in the United Kingdom

Gambling has been a favorite leisure for millions of UK citizens for ages, really. Since it was legalized way back when King George V was on the throne, in 1928, it is basically in Brits’ DNA for almost a century. The UK is such a gambling-friendly country that even the royals have the right to place bets; it is no secret that even Queen Elizabeth enjoyed horse racing betting. Therefore, it should come as no shock to you to learn that there are countless of brick-and-mortar casino establishments and bookmaker shops all over the UK today.

Strangely, though, even as one of the most pro-gambling countries, the UK took a while before it legalized online gambling. What happened was, the land-based industry was going strong, and the country wasn’t sure whether it was ready to encourage its online use. Still, it budged and in 2005, with the introduction of the Gambling Act, it finally legalized online gambling. Ever since, however, it the country has been a leading force in online gambling regulation, considering how great of a job the regulator does. The Gaming Board of Great Britain stepped down when the Act was introduced and UK Gambling Commission took over.

The UKGC is today in charge of making sure operators licensed to offer online gambling services in the country are being true to their word and are following the rules as set after extensive studies and research on the market. Operators licensed by the UKGC are considered the safest and fairest, thanks to the tough love from the regulator’s part. The watchdog is not kidding and makes sure all operators abide by the strict rules and respect players. In fact, player protection is of utmost importance for the UKGC and the regulator has shown that repeatedly.

Known to punish operators for irregularities, suspend or completely revoke their licenses, the UKGC is one of the most well-respected regulators in the industry. All in efforts to make players’ experience across licensed casino sites as enjoyable and safe out there, the regulator keeps on introducing new laws or tightening old rules. And while most changes don’t really create a buzz, when the UKGC banned the use of credit cards for online gambling in 2021, oh boy, the world heard, all right. This was a shock for operators and players alike, but according to the watchdog, it was a necessary measure to prevent problem gambling, considering research showed that UK players were mostly using credit cards for their online gambling transactions.

The UKGC further explained that eWallets or other alternative solutions that could be funded with credit cards were off-limits, too, meaning that those payment providers would need to limit UK players’ use of credit cards if their accounts were to be used for online gambling transactions. Again, everyone listened and made sure things are in order, if they wanted to keep their online gambling licenses in the UK.

Luckily for some already popular alternative solutions that had nothing to do with credit cards in the first place, this was their moment to shine. That’s actually how Trustly became one of the preferred and most-used payment solutions in the UK. Since it was designed to make open banking payments a new standard and a more attractive alternative to credit and debit cards, it was the natural next step for UK players. It is an open banking solution that connects players, operators and their respective bank accounts, in just a few clicks or taps on any device.

It uses advanced software and protection measures to make sure funds are handled safely, and that’s one of the many reasons why UK players continue choosing it over any other solution, while the other one is the fact that the solution processes transactions in UK pounds, among other currencies. Continue reading, as we’ll take you through its history and current presence in the online gambling industry, so that you know exactly why you should choose it as your payment method across UK online casinos, too.

Using Trustly Across UK Online Casinos

In 2008, Trustly AB from Sweden set out to create a solution that would redefine the speed with which account-to-account money transfers were made. In combination with PayWithMyBank, a US startup founded in 2012, they launched Trustly that we know and use today in 2019, to form a leading global open banking payments network.

Even though the solution started out small first, only catering to users from Sweden, today, it operates all throughout the world, in over 33 countries, the UK included. It connects 8,300 merchants and over 650 million users with their 12,000 respective banks, so it is safe to say that its network is unrivaled. Currently, it processes over $42 billion in transaction volume a year through its global network. That’s why throughout the years, it received many accolades for its stellar work. In 2018, it was even ranked by the Financial Times among the Fastest Growing European Companies, and this was a year before it went truly global.

Throughout the years, the company behind it rolled out several other products and services, like the Direct Debit product, which speeds up and enables direct bank transfers, but it also launched the solution designed for gaming purposes, Pay N Play. So, as a UK player, you have several options when it comes to making transactions with it across UK online casinos.

The best part about it is that, thanks to its global network, you don’t need to register any separate accounts to use it. In fact, all you need to do is select is as your payment method at your chosen casino and just follow the prompts to request a transaction via it. You will need to share banking details upon deposits and withdrawals, but these will be kept safe with the latest industry-leading security measures and protocols. So, if you’re ready to learn how it works on spot, stay with us as in the next section, we’ll tell you exactly how deposits and withdrawals with it are made.

Deposits and Withdrawals with Trustly

Over 130 UK online casinos listed here at WoO offer Trustly. We mentioned that it is offered by most UK casinos, and we weren’t kidding. What’s more, it is an option across the finest sites that are licensed by the UKGC, sites like Casumo, RedBet and LeoVegas, to mention a few.

Therefore, your first task would be to create a list of casinos that you’d want to explore, all of which offer it as a payment method option. Then, check out their reviews that our expert teams have prepared for you and finally, decide on the one to join. The next thing would be creating a player account with the casino you decided to join. After you’ve done all of that, to make a deposit with Trustly, you’d need to do the following:

1. Access your registered player account and find the Banking/Payment Methods page.
2. On the list of Deposit Methods, find Trustly/Pay N Pay’s logo and press it.
3. In the new window, a list of banks and partnered financial institutions will be presented, according to your country of residence, the UK.
4. Select your bank and enter your online banking credentials to access your online banking profile as you normally do.
5. Choose whether you’d use the checking or savings account to complete the transfer.
6. Enter the amount of money you wish to have on your casino balance.
7. Confirm the transaction and watch the funds arriving to your balance instantly.

As you’d assume, having read what you have, you will be able to use the solution for withdrawals, too. The steps you’d need to go through are practically the same, with two slight differences. For withdrawals, you’d need to select it from the list of Withdrawal Methods, and then on step 6, you need to enter the amount of money you’d want to cash out.

Of course, the operator will need to check and approve your request, but as soon as it does, you can rest assured that Trustly will make sure the funds arrive safely to your bank account in no time. Bear in mind that operators can take 24 to 48 hours to give you the approval, but after that, the money will be transferred to your bank account instantly.

Conclusion

Trustly is undoubtedly a solution that many UK players are choosing over any other, for fair reasons. It connects you, your chosen online casino and your respective banks, and allows you to make deposits and withdrawals in your native currency, among other things. It is offered across many UK casinos, so you have so many reasons why you should give it a try.