Trustly betting sites has become popular all over the world for good reasons. Having been around since 2008, Trustly is a payment method which caters for customers looking to make payments directly from their online bank account, without the need for either a card or app. With payments being processed through both PayPal and TransferWise, Trustly has become one of the most popular methods of depositing and withdrawing funds on betting sites, including for punters in India.
Now available in a total of 30+ countries, Trustly has developed an excellent reputation over the years, with this page outlining exactly how the platform can be used by betting customers. Below we have listed some of the best betting sites that accept Trustly globally. However, if you’re playing from India, Trustly will most likely not be available to you.
Best Betting Sites that Accept Trustly
All are: 
Licensed & Verified 
Reviewed by Experts
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Trustly Betting Sites in India
Betting customers in India can not use Trustly to deposit and withdraw funds on online betting sites India. It’s unfortunate as the lack of fees and simplicity making it an increasingly popular option. Users can rest assured that payments are processed securely, with Trustly being authorized by the Swedish Financial Supervisory Authority, while also holding a license from the European Payment Services Provider.
Trustly Sports Betting
Trustly is an excellent payment system for betting customers, with its speed and ease of use having attracted a host of punters and bookies to date. The fact that it accommodates both deposits and withdrawals is also pleasing, something which cannot be said of some other payment methods. Playing at Trustly betting sites is very straightforward, with no account being needed, just your online banking details.
The only downside is that Trustly is not available in India yet, so you need to find a different option. We recommend you instead check out out Paytm bookmakers instead, as this is a better option for Indian players. If you live abroad in a country where this is available, you can enjoy the easy banking at several Trustly betting sites.
What Is Trustly?
Trustly is an online payment system that was launched in Sweden in 2008. Through Trustly, payments can be made directly from bank accounts, with its speed and availability having seen its popularity skyrocket. Trustly is now available with thousands of different merchants, including the likes of PayPal, Facebook, eBay, TransferWise and eToro.
Trustly launched in both Australia and Canada in 2020, but customers in India is not yet able to take advantage of the services on offer. Trustly generates an annual revenue of over $150 million.
How Does Trustly Work?
Trustly is now connected to all major banks, making it a viable payment method for betting customers looking to transfer funds to and from their account. Using Trustly requires no registration, downloads or credit/debit cards, with just your bank account having to be connected. Trustly now handles some 9 million transactions each month, with the service being available to 600 million worldwide.
History of Trustly
Having been founded in 2008, Trustly initially operated strictly in Sweden, having originally been known as Glue Finance. The company completed its first investment round in 2009, which helped to launch their second generation technical platform. With revenue having grown by some 200% in 2010, Trustly broadened its horizons, opening its first office outside of Sweden, in Malta. Investment Group Alfven and Didrikson brought 25% of the company in 2011, while three years later, Trustly secured a partnership with Groupon and PayPal.
Pay N Play was established in 2016, demonstrating Trustly’s willingness to cater for betting customers. Trustly was one of Europe’s fastest growing companies in 2017, which led to Nordic Capital purchasing a majority stake in 2018. Since then, Trustly has merged with PayWithMyBank, allowing them to accept payments in the US and other regions.
Trustly Pros & Cons
Now that you understand exactly what Trustly is and how it works, it is time to take a look at the benefits and limitations of the payment method. For customers of sports betting in India, the following are the main advantages and disadvantages of using Trustly:
Pros
- Instant Deposits – Deposits made using Trustly are processed instantly, meaning that customers can take advantage of time sensitive markets. Meanwhile, withdrawals through Trustly are also processed quicker than many other payment methods do.
- Secure – Trustly uses state of the art encryption technology to ensure that all payments are made safely. Meanwhile, punters are never made to share their personal and bank details with their bookmaker, adding another layer of protection.
- Betting Friendly – Trustly is a payment method that is no synonymous with the gambling industry. Their direct debit service and instant transactions make Trustly an excellent option for betting customers, especially for those who place in-play bets.
- Fees – Using Trustly is completely free, with fees never being incurred. This cannot be said of other payment methods, with the number of payments made having no impact on this fact.
Cons
- Availability – India is certainly not the main focus for Trustly, with Europe being their main target. The number of countries and betting sites with Trustly is growing, however it is doing so slowly. As of right now, Trustly is not available in India.
How to Deposit & Withdraw Funds Using Trustly
The process for depositing and withdrawing money via Trustly is very simple, however it does take time to get used to, especially given its unique style. With that being said, we have put together the following step by step guides, designed to help you along the way:
Trustly Deposits
- Sign up at one of our recommend Trustly betting sites or log in to your existing account.
- Enter the cahier page and select the “Deposit” option.
- Enter the amount in which you wish to deposit.
- Select Trustly as your chosen payment method.
- Having been redirected to the Trustly website, choose your preferred bank account.
- Log in to your online banking account and authorize the payment.
- Confirm your deposit and wait a few seconds for your money to be uploaded.
Trustly Withdrawals
- Log in to your betting site account once more.
- Enter the cashier page and select the “Withdraw” option.
- Select Trustly as your chosen payment method.
- Enter the amount you wish to withdraw.
- Enter your bank details after being redirected to the Trustly website.
- Wait between 1-5 days to receive your funds.
Is Trustly Betting Safe?
The answer to this question is a resounding yes. The Swedish fintech company has built an excellent reputation over the years in this area, with all payments being made legally thanks to a license from the Swedish Financial Supervisory Authority. Trustly also holds a PSP license and is fully compliant with the European Payment Services Directive, while a number of security measures are in place too. These include HTTPS encryption and 2048 bit SSL encryption, which keeps all personal and financial information safe. Meanwhile, the fact that Trustly offers around the clock support is another good indicator as to their reliability.
How to Open a Trustly Account
Another major selling point of Trustly is that the payment method does not require punters to create an account. Instead, users must instead simply provide their bank account details when depositing or withdrawing funds on betting sites. Your online banking login credentials, set up when registering, are needed.
Trustly Fees
Payments made via Trustly are processed without any fees. This is the case when it comes to both deposits and withdrawals, with it being another one of the most appealing features of Trustly. However, it is still worth looking into whether your selected betting site charges any fee when processing payments.
Tips for Using Trustly
Trustly is likely to be new to many potential users, meaning that there are some considerations to be made before making payments in this way. This is why we have come up with the following tips for choosing Trustly bookmakers:
- When signing up with a new online bookmaker, be sure that it accepts payments via Trustly beforehand. There is nothing worse than completing the registration process, only to find out that you have to find an alternative payment method.
- Do not use any “Remember Me” feature when logging in to your online banking account via Trustly. Doing so will mean that anyone who gets hold of your device can potentially gain access to your funds.
- Limits when using Trustly will differ between bookies, so be sure to look into this before looking to process a payment, especially if you are looking to transfer a significant sum.
- Look into any potential currency conversion rates that may be involved, which is especially important when operating with an offshore bookie.
- Consider taking advantage of Trustly’s Pay N Play feature. Here, punters can start betting immediately with one quick deposit, with this option also helping punters in completing the verification process and KYC requirements.
Bottom Line on Trustly Betting Sites India
Trustly is an increasingly popular payment method for transferring funds to and from betting sites. Despite not being a household name in India, Trustly is certainly a platform in which punters should familiarize themselves with. The speed and ease of payments is appealing, with the lack of fees also being a major selling point. Available on both desktop and mobile, we thoroughly recommend taking a closer look at Trustly for yourself, with deposits using this platform often qualifying for welcome bonuses too.
FAQ | Trustly Bookmakers
Is it safe to use Trustly for sports betting?
Yes. Trustly is licensed and regulated by respected authorities, while also having a host of safety measures in place. Meanwhile, the fact that bettors are not required to enter their bank card details when processing payments adds another layer of protection.
Do I have to verify payments when using Trustly?
Yes. In order to verify payments, punters must enter their online banking login credentials, with banks then checking that such information is correct.
Will there be any fees added when I use Trustly?
No. Both deposits and withdrawals processed at betting sites using Trustly are 100% free.
What do I do if my payment is declined?
In the event of a payment being declined, be sure that you have entered your online banking details correctly and that you have sufficient funds in your account. If payments are still declined, it may be worth contacting the Trustly customer support team.
How long time will it take before my deposit is received by the betting site?
Deposits made using Trustly are instant, meaning that there is no frustrating waiting period for punters to endure.
How long time will it take before my withdrawal is received from the betting site?
Withdrawals at betting sites using Trustly are likely to take anywhere between 1-5 working days to process. The bookmaker in which you are signed up with will also have an impact on the speed of such transactions.
Arjun Jindal | Last Modified: May 9, 2022
