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Picture this—you’ve just placed the winning bet, and your winnings are waiting to hit your account. But instead of cashing out instantly, you're stuck twiddling your thumbs for days, waiting for traditional banking systems to process your funds. Frustrating, right?
Enter Trustly—a payment service that’s cutting out the delays and making deposits and withdrawals at online sportsbooks quicker, safer, and more straightforward than ever.
Here’s everything you need to know about using Trustly for sports betting and why it might just become your new go-to payment method. And if you like what you read, we also found a list of Trustly Casinos 2025 from CasinoBankingMethods with the fastest withdrawals.
What Is Trustly and How Does It Work?
Trustly started in Sweden back in 2008, and it is a pure fintech company that has disrupted payments. It’s not the usual kind of middleman, such as Visa or Mastercard. However, Trustly relies on the Open Banking technique to link your bank account to the betting site.
Here comes the next surprise —You don’t even have to register for an account in Trustly to complete a transaction. There are no apps to download, no login into two different accounts, and no requirement to share personal financial information with others. Just select Trustly at checkout, log into your bank using your usual credentials, approve the transaction, and voilà! Your funds are on the move.
Trustly operates in 30+ countries, including the UK, Germany, and Spain. And the best part? It’s fee-free!
Why Trustly Stands Out for Sports Betting
When it comes to online betting, speed, security, and ease of use are non-negotiable. Trustly ticks all these boxes and more.
1. Lightning-Fast Transactions
No more three to five business days waiting periods. Using Trustly functionality, deposits and withdrawals are processed immediately. This means you are able to fund your bets and cash out your winnings without any break.
2. No-App, No-Fee Simplicity
It’s about time that people come up with payment methods that don’t necessarily make you download yet another app and track another account. When it comes to fees, simplicity is Trustly’s middle name: zero account registration, zero ongoing costs, zero nasty shocks. You don’t even need to open a new account with the bank!
3. Supports Betting Transactions
Ending up in situations when a payment method is declined or does not accept payments related to gambling? Trustly is all for betting payments, and therefore, it does not act like a wet blanket when you are trying to fund your sportsbook account.
4. Safe as Houses
Worried about security? Don’t be. The Trustly is authorised by the Swedish Financial Supervisory Authority and has the highest level of encryption to store your data safely. Moreover, it also has fraud detection systems and added two factor authentication to increase security.
5. Widely Accepted
Currently, Trustly has backing from numerous major banks and online sportsbooks across the world, including the UK, Canada, and Brazil. But even if your bank is not connected to Trustly, you can use it in conjunction with e-wallets such as PayPal and Skrill.
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How to Use Trustly at Online Sportsbooks
Here’s how you can set up Trustly and start using it for your sports betting transactions.
Step 1. Pick a Trustly-Friendly Sportsbook
Make sure the betting site of your choice supports Trustly. It’s usually listed under the “online banking” or “instant transfer” options in the cashier section.
Step 2. Choose Trustly as Your Payment Method
Navigate to the payment section of your sportsbook and select Trustly.
Step 3. Select Your Bank
If your bank is part of Trustly's network (chances are, it is), you’ll find it listed.
Step 4. Log in Securely
Log in to your online banking account using your usual credentials. Trustly never stores your data, so your info is as safe as it gets.
Step 5. Confirm the Transaction
Enter the deposit or withdrawal amount, review the details, and approve the transaction.
Step 6. Start Betting!
Funds will instantly appear in your sportsbook account, letting you place that winning bet in no time.
Withdrawal methods work the same way—fast, simple, and hassle-free.
Fees, Limits, and Timelines
Here’s the lowdown on what to expect when using Trustly at online sportsbooks.
Neither Trustly nor sportsbooks charge extra transaction fees. Any costs are likely to come from your bank, so check with them to be sure.
Trustly deposits are instant. Withdrawals, while much faster than other methods, may occasionally be delayed by your bank’s internal processing times. Still, they’re typically completed within hours, not days.
Deposit and withdrawal limits are usually set by the sportsbook, not Trustly. Expect minimum deposit requirements to start at around £10, with maximum withdrawals capped between £4,000 and £10,000.
The Secret Weapon Behind Trustly’s Speed—Open Banking
As for why Trustly is so fast, it’s all thanks to Open Banking technology. This system lets you sign payments directly from your bank without third parties interfering.
Not all sportsbooks had Open Banking as a standard at first, but its adoption is growing fast because players want faster and more reliable transactions.
It is safe, modern, and can be considered the ultimate game-changer for sports bettors who want nothing more than convenience.
Is Trustly Worth It?
Absolutely. If you’re looking for a quick and efficient way to deposit funds, receive your withdrawal almost instantly, and have a great payment service, Trustly should be the first choice. The fact that it is designed for security and doesn’t require you to sign up for an account or download an app just adds to its appeal.