Trustly Payment System
Cashless payment is gaining momentum every day. This is due to the ease of making purchases and the reduced risk of fraud. Electronic wallets and payment systems are replete with variety and it can be difficult for a consumer to decide which option is right for him. Let’s talk about Trustly system and try to understand its difference from other systems, what are its advantages and disadvantages.
General Information
Trustly is a system that you can use to fund your game account as well as to pay for goods and services. Earlier this service was called GluePay, but it was born in Sweden, where the company with the same name was founded in 2008.
The system was created to allow customers to make payments in real time. At present, the service is not very active due to the fact that it is used in 8 countries, and it is supported by 60 partner banks. However, the number of its active users is growing rapidly and today stands at around 70 million people. The reason why it is trusted is that the service has a license European Payment Service Provider, which means security for customers.
Features of usage
Trustly is a way for clients to make payments almost in one click. The transactions are safe and secure. To make a payment, one must have a bank card, which allows one to use the service online. The clients of European banks Swedbank, Nordea, etc. can register with the system.
To use Trustly one has to fill in a virtual form on the company’s website. The following information must be entered
- username;
- transfer amount;
- name of partner bank.
To verify the information, the system connects to the bank’s database and checks information about the buyer. The recipient of the money is notified of the transaction: an email with a link and a code is sent to the recipient. After passing the link and entering the code in the corresponding window the payment will be credited to the recipient’s account.
Advantages and disadvantages of the service
Users of Trustly payment service name the following advantages
- possibility to use it without going through registration;
- it is adapted for the transfers from tablet and smartphone;
- it is possible to deposit money in a few seconds;
- allows you to fund the game account directly from your bank card;
- the system can be used to withdraw casino winnings;
- the coverage is constantly growing: the number of European countries where the service is used is increasing.
The disadvantages of the service are much less than the advantages. The main one is that the system is not popular in Eastern European countries. However, the creators are planning to solve this problem in the nearest future and are constantly working on expanding its area of activity. An indicator of the stable further development of the system is the size of Trustly’s funding, which is about 30 million dollars a year.