There are many payment options to fund your esports betting but Trustly is one of the most widely used. What makes the Trustly payment method so good, and does it have any drawbacks? Find out in this ultimate guide to Trustly betting in 2021.
Top 10 Trustly Esports Betting Sites
What is Trustly?
Starting with the basics, Trustly is a Swedish financial technology company that launched in 2008 to provide secure online banking payment solutions. It is a simple, secure and speedy way of topping up and withdrawing your betting funds at the best esports betting sites.
In 2020, the Trustly payment method processed €18.1 billion in transactions, up 42 per cent on 2019. Trustly is also growing in popularity in North America, with revenues growing 278% in the space of a year.
Moreover, Trustly is big in the ecommerce world but its account-to-account payments are also very popular for esports betting.
Leading esports betting sites like LeoVegas recommend Trustly. They said: “Leading the way in the online world for consumers to transact securely with speed, precision and innovation, Trustly is great!” Cool Bet also praised Trustly, saying they are innovative and trustworthy.
Trustly key points
- Trustly collects cookies to count visits and traffic sources, which are aggregated so you remain anonymous.
- As Trustly only uses money you already have, it’s sustainable and doesn’t encourage debt
- Trustly has no hidden fees
- Trustly helps to reduce fraud, saving bettors and bookmakers money
Trustly betting pros and cons
Let’s discuss some ways that Trustly excels and a few examples of where there is room for improvement.
Better user experience
Trustly betting payments offer a faster, smoother user experience than you get with credit and debit card. You don’t have to enter card information, such as the long number and the three-character security code. You also do not need to re-enter all of your card’s details after your old card has expired.
What’s more, withdrawals can be instant or at least quicker than credit and debit cards with average processing times up to two working days.
Banking is faster with Trustly Pay N Play
When you use Pay N Play on Trustly betting sites, depositing and withdrawing saves you time and effort. To deposit, you just choose your bank, verify it’s you, and then you can add funds. While to withdraw, you just click ‘withdraw’ and enter the amount you want. It’s as easy as that.
Helps you steer clear of fraud
Digital fraud accounts for billions in losses. In fact, online fraud is becoming the most reported crime in a number of countries. In Singapore, online scams were 27% of all crime in 2019, while it was the most reported crime in the UK too. Additionally, CNBC reported that identity fraud cost consumers $56 billion in 2020 alone. So, if you are betting on esports online, it would be smart to look for the safest payment option, which Trustly aims to be.
No registration needed!
You do not need to create an account with Trustly to use it for betting. You just follow the steps outlined later in this article to deposit and withdraw funds. In short, you choose Trustly as your payment method, log into your bank account, and Trustly helps transfer your funds into your betting account.
With Trustly, bettors are anonymous
One of the key concerns for us in the world of esports betting is keeping our personal information safe and keeping our money secure. And we know that the more our personal details are accessible online, the higher the chance someone could use that information to steal our identity and/or our hard-earned savings.
One of the pros of using Trustly is that it is a payment-gateway platform. In other words, it acts as a middle man, a buffer between your bank account and the betting site where you want to spend your money, so your data isn’t shared and you stay anonymous.
Allows withdrawals and deposits
Sometimes betting sites allow deposits but not withdrawals with certain banking methods. However, with Trustly, you can deposit and withdraw your funds from online bookies, such as 888sport.
Using the Trustly betting payment option is not free of charge. It can cost more than 80 euro cents to complete a transaction using Trustly or 1.5% to 2.7% of the amount you want to transfer. Moreover, you can pay for a Trustly service which costs approximately €20 to €25 per month.
Minimum withdrawal amounts
Some betting sites, such as Smarkets, require you withdraw at least €40 if you use the Trustly payment method but it’s good news for high rollers because there is no maximum withdrawal amount. On the other hand, at Smarkets, PayPal has a maximum withdrawal amount of €5,500. Moreover, at Unibet, the maximum withdrawal using Trustly is €100,000, so it is still relatively high.
KYC may be required
Like with most betting payment methods, you might be required to give proof of identification when you deposit or withdraw funds using Trustly. Apart from that, the payment process is super quick.
No Trustly app
Unfortunately, we could not find a Trustly or Pay N Play app on the Google Play store or Apple App Store. However, Trustly is the kind of software that works great without any additional products.
Can you bet on esports using Trustly?
Yes Trustly betting payments are accepted on some of the best esports bookies around. You can use Trustly to bet on esports odds at Rivalry.com, put a stake on bets at Pinnacle and at Luckbox, to name just a few.
In fact, Trustly is arguably one of the best available payment methods for esports betting. It offers instant deposits, fast withdrawals, the Pay N Play feature, and allows Know Your Customer (KYC) confirmation. At websites that accept Pay N Play, you simply click ‘Play now’, choose you bank, log in, and verify it’s you, then you can start playing for real money.
If you want to withdraw, just click ‘withdraw’ and choose how much you want to take out, and then your bank account will be credited straight away.
How to deposit for Trustly betting
To use the Trustly payment method for instant esports betting deposits, just follow these simple steps:
- Find an esports bookmaker that accepts Trustly payments
- Go to your account or wallet and choose to deposit with Trustly
- Then choose the bank you want to transfer money from and log in
- Choose the account you want to pay from
- Confirm your transfer with your chosen authentication method
- And then you should be able to confirm your deposit!
How to withdraw from Trustly betting sites
You can get Trustly betting payments instantly into your bank account. The Trustly withdrawal process is simple.
- Just go to your betting account.
- Go to ‘withdraw’ and enter a valid amount.
- Confirm your withdrawal and you’ll receive your funds instantly.
- Some withdrawals can take one or two days to appear in your bank.
Countries where Trustly can be used for gambling
Trustly is currently accepted in the following countries:
Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom, United States.
Trustly betting fees and limits
There are many betting sites that do not charge you anything to deposit or withdraw using Trustly, but you will usually have to pay for the service nonetheless. The standard fee with the Trustly payment method is 1.5% to 2.7% of the amount you want to withdrawal.
The minimum deposit with Trustly is usually €10, while the maximum can be €100,000 or even unlimited.
Best Trustly betting sites for esports
Below are some of the best esports bookmakers that accept Trustly. Keep reading for more about them.
LeoVegas Trustly betting
LeoVegas has an agreement with Trustly, which helps them quickly transfer your money from your gambling funds to your bank account. You just select Trustly as your payment method and verify your bank details before the transfer can go ahead. It’s quick, secure and simple.
Esports bettors might find they are asked for proof of identification before they can make a deposit and bet on esports odds at LeoVegas, or withdraw winnings.
VulkanBet Trustly betting
You can also bet at VulkanBet with Trustly. At VulkanBet, Trustly transfers can take up to three days. This is only a little slower than e-wallets like Skrill and Neteller that take up to two days, so it’s not hard to see Trustly’s appeal. In contrast, a regular bank transfer withdrawal can take up to 10 days.
A minimum deposit at VulkanBet is €10 while there is a monthly deposit limit of €5,000, suggesting it is a betting site that cares about responsible gambling.
Pinnacle Trustly betting
Depositing funds and betting on esports odds at Pinnacle with Trustly is easy. You just log into your Pinnacle account and click on the deposit button which will take you to Pinnacle’s deposit page. Once there, go to the cashier and select Trustly from the available deposit methods.
Then you just need to enter your personal info as well as your bank account information. You’ll get a confirmation email and your Pinnacle funds will increase.
ArcaneBet Trustly betting
We can recommend ArcaneBet as one of the best bookmakers that accept Trustly. There, you can get a welcome bonus of 100% up to €200, to bet on esports like CS:GO, Dota 2, Lol, Overwatch and Rainbow Six.
LuckBox Trustly betting
Have you tried LuckBox? It’s another of our favourite Trustly betting sites. You can get a 150% kick off bonus when you sign up using the right bonus code. And the bonus is eligible for esports and football betting.
There are several good reasons to trust the security of Trustly and its payment services. In fact, online privacy and data security are some of the payment method’s main selling points.
Is Trustly betting really safe?
Yes, we believe Trustly is a genuinely safe payment method for betting on esports online. Trustly utilises advanced levels of security, including the same kind of encryption that banks use. Moreover, Trustly is supervised by the Swedish Financial Supervisory Authority and they have a European Payment Services Provider (PSP) license.
What are the best esports betting sites for Trustly?
We think ArcaneBet, Pinnacle, LuckBox, VulkanBet and LeoVegas are some of the best Trustly betting sites.
Can I use Trustly for esports betting?
Yes. Trustly is available on a range of esports betting sites.
Is Trustly available in the UK?
Yes Trustly is accepted in the UK and in 29 European countries, plus the United States.
Is Trustly anonymous?
Yes, with Trustly, you don’t share any of your private information and don’t share your payment details with betting sites.
How long do Trustly payments take?
Trustly deposits are usually instant while withdrawals can take up to three days.
Esports Betting Pro: Our Verdict
The Trustly payment method is modern, secure, and easy to use, so we would recommend it to all esports bettors. We like how Trustly not only makes the process of depositing and withdrawing funds faster than it is with methods like classic bank transfers, but possibly our favourite feature is how Trustly helps you to protect your personal information.
If you care about online privacy and keeping your data safe when you bet online, Trustly supports this desire. Yes, there are small fees for withdrawing funds, but it could be a small price to pay for, not just a sense of safety, but real security.