We’ve seen a whole lot of innovations in sports betting over the past couple of decades, as things have moved away from physical bookmakers and towards online platforms. Just one of those advances is an increase in the number of available payment methods. It might not be the most eye-catching example, but it’s definitely one of the most important.
Nowadays, rather than just being limited to Visa debit cards, you have a whole range of options. Some prioritise speed, while others help to protect your anonymity. In the case of Trustly, we find a payment method which strikes a balance between the two.
In this article, you’ll learn everything you need to know about Trustly. We’ll tell you exactly what it is, and what its advantages and disadvantages are. We’ll also demonstrate how you can start using Trustly betting sites for yourself, and give you the lowdown on fees, processing times, and plenty more. Let’s get started.
Bet £5 Get £20 in Free Bets
Bet £15 Get £15 Free Bet
Bet £10, Get £10 Free Acca Bet
Bet £10 Get £20 Free Bet
£40 Money Back Bonus
£10 Welcome Bonus Free Bet
Bet £10 Get £10 Free Bet
Bet £10 Get a £30 Free Bet
£30 in Free Bets & Spins
Contents1 Top 10 Trustly Betting Sites in The UK2 Why Use Trustly? 3 How to Use Trustly for Betting4 Trustly Fees, Limits, and Processing Times 5 Trustly Signup Bonuses and Free Bets6 Trustly Pros and Cons7 Other Popular Betting Banking Methods in the UK8 Summary9 FAQ
Even amongst the crowd of payment methods for modern bookies, Trustly offers something truly different. While it doesn’t isn’t yet as famous as PayPal or Skrill, its brand awareness is growing rapidly. In mid-2020 this Swedish company was valued at almost $2 billion, 2019 revenues stood at around $150 million, and it’s becoming available to more and more punters all the time. In short, this is a legitimate, professional, and increasingly popular payment platform.
If you’ve never heard of Trustly before, it’s essentially a quicker and more anonymous way to make a bank transfer. You’re still technically taking money from your normal bank account, and depositing into your account on one of the many Trustly betting sites out there. In this case though, Trustly is making the transfer for you.
Why should you bother using Trustly, instead of just making a regular bank transfer? There are a couple of excellent reasons.
Firstly, it’s significantly quicker. Manual bank transfers are usually the slowest deposit method a sportsbook provides, frequently requiring at least 3-5 working days to process payments. Even though you’re technically using the same bank account, Trustly is much faster, with deposits often processed by Trustly betting sites instantly.
Secondly, it’s safer. Unlike when you use a debit card, for example, Trustly betting sites won’t store any of your bank account details by default. They don’t even have those details to begin with! In the worst-case scenario of a site-wide hack, therefore, the hackers wouldn’t be able to access your financial information.
We’ve already listed a couple of the main benefits of going with Trustly above. Another key one, though, is that it’s incredibly easy to use! There’s almost no setup required, and most sports betting sites allow you to make deposits very easily.
To help you on your way, here’s a step-by-step guide on how to start using this payment method. We’ll be using Coral – which is easily one of the best Trustly betting sites around – as our sportsbook in this example.
As noted, getting started with this payment method is pretty darn easy. A big reason for that is that you don’t even need to register with Trustly to begin with!
This is a client-facing platform, meaning that it’s the Trustly betting sites themselves who have to do the hard work of actually registering for an account. Unlike e-Wallet solutions – like PayPal, Neteller, and Skrill – you don’t need to provide any personal details whatsoever as the bettor. Instead, you’re free to simply head straight to Step 2 in this guide!
This is arguably the hardest part of the entire process. There are dozens of Trustly betting sites out there, and naturally you want to go with the best one for your personal needs. We’ve curated the top 10 options at the top of this page, which are a perfect starting point. Or, if you want to save even more time, you can just opt for Coral straight away!
If you do take the latter option, simply download one of the Coral mobile apps or head to the desktop site, and click ‘Join Now’. Follow the instructions to complete the signup process – which shouldn’t take more than a minute or two – then log in to your new account.
After logging in, click on the ‘Deposit’ button, which is located in the top-right on the desktop site. Now click ‘All Options’ to see all the available methods, and select ‘Trustly’.
Enter the amount you want to deposit in the box provided, hit the ‘Deposit’ button, then click ‘Continue with Trustly’ when prompted. Select your bank from the list of options, then follow the instructions to access your bank account, provide any additional details that are required, and complete the deposit.
The answer to this question is ‘it depends’. Unfortunately, not all UK betting sites which allow you to deposit with this method will also let you use it for withdrawals. This is something you should definitely check before committing to a sportsbook. On Coral for example, while you can withdraw via a regular bank transfer, you can’t do so using Trustly. With some bookies like Vbet for example, you can.
On Trustly betting sites which do facilitate withdrawals, simply follow the usual withdrawal procedures. This will usually involve going to the banking section, and entering your details again. Note that before the withdrawal can actually be processed, you will need to verify your ID by uploading photos confirming your identity and United Kingdom home address.
As with Step 1, there is no input whatsoever required from you here. You never hold any money with Trustly, nor do you even have an account. Instead, money is withdrawn directly from Trustly betting sites to your bank.
Nobody likes paying transaction fees for any online service, and naturally that includes sports betting. We’re pleased to say it is incredibly rare for Trustly betting sites to charge you any money for deposits or withdrawals. That’s the case with all of our top three options – Coral, Unibet, and Ladbrokes – and most other premium bookmakers which support Trustly. Also, Trustly itself does not charge you any fees for using its services.
As for limits, these vary between different Trustly betting sites. The industry standard minimum deposit limit is £10 – as it is with most payment services – but at some sites, like Coral, this min deposit dips down to £5. There’s a lot more variance when it comes to withdrawal restrictions. If they’re important to you, we’d definitely recommend checking out a particular bookie’s maximum and minimum withdrawals before signing up with them. Once again, Trustly itself won’t impose any limits on you. These are solely down to the discretion of Trustly betting sites.
Processing times with this payment method tend to be pleasingly quick. In fact, as with eWallets like PayPal or ecoPayz, most of your deposits will go through instantly on Trustly betting sites. Withdrawals will be a little slower, at anywhere from 1-5 banking days. In practice they’ll tend to be at the lower end of that spectrum, and are therefore still significantly quicker than regular bank transfer withdrawals.
Signup bonuses are one of the most appealing things about sports betting. These welcome offers can give new customers’ accounts a massive boost after registering with a new bookie, helping to swell your balance in a short space of time.
Every welcome offer comes with its T&Cs however, and – alongside min odds, wagering requirements, and so on – these will almost always include a list of ineligible online payment methods. Unfortunately, that list will sometimes include Trustly banking in the UK, alongside most other methods which aren’t simply Visa or PayPal.
This isn’t always the case, though. The welcome offers at Trustly betting sites like Coral and BoyleSports are both eligible for this payment method right now. Again, this is something which new players must confirm for themselves in advance before depositing with a new bookie.
On Trustly betting sites where this payment method is ineligible for the welcome offer, there is an easy solution. You can simply make your first deposit using another method, like a debit card, and place your qualifying bet. After doing so, you can make all your subsequent deposits using Trustly.
Free bets are another significant boost for punters. They’re particularly crucial if you’re following a no-risk matched betting strategy, which effectively relies on these bet credits. There are plenty of ways to get free bets through ongoing promotions from modern online bookmakers. These offers will also list ineligible payment methods in their full T&Cs, which may well include Trustly. Again, we’d encourage you to check this before trying to trigger any such deal.
We always try to give you a fair and balanced view on Safe Betting Sites. With that in mind, while we’re certainly fans of Trustly in general, it does have its pros and cons. Below, you’ll find the main factors to be aware of when deciding whether or not to use Trustly betting sites for yourself.
As touched upon earlier, bank transfers are notoriously one of the slowest deposit methods around. If you want to get started with your online sports betting straight after signing up with a bookie, they’re simply not suitable.
Trustly, by contrast, is an incredibly quick way to make payments. As with eWallets, deposits are usually processed instantly here.
All premium, licensed bookies will have strong security measures in place. Despite that, there’s always the possibility of an attack which breaks through the defences.
When you use Trustly, your payment details are not actually stored on the betting site by default. If an attack did happen, therefore, your online banking account would not be at risk.
There is literally no registration whatsoever needed to get started with Trustly. You simply head to the betting site of your choice, select Trustly as your payment option, and make your deposit.
You’re not exactly limited when it comes to picking between Trustly betting sites. That said, it’s not the most widely-supported payment method around. Even many of the biggest sportsbooks – like Paddy Power, Bet365, and William Hill – fail to offer Trustly as an option.
Ironically, we’d actually count this as both a pro and con! As noted, it’s safer not to store your bank details on a betting site. On the flip-side though, this means you must enter all your details in turn every time you want to make a deposit or payout.
UK’s Best Neteller Betting Sites Bet With Skrill
UK’s Best Boku Betting Sites Bet With Boku
UK’s Best PayPal Betting Sites Bet With PayPal
UK’s Best Bitcoin Betting Sites Bet With Bitcoin
UK’s Best Neteller Betting Sites Bet With Neteller
UK’s Best Paysafecard Betting Sites Bet With Paysafecard
UK’s Best Apple Pay Betting Sites Bet With Apple Pay
UK’s Best Trustly Betting Sites Bet With Trustly
UK’s Best Sofort Betting Sites Bet With Sofort
Best Perfect Money Betting Sites Bet With Perfect Money
UK’s Best Neteller Betting Sites
UK’s Best Boku Betting Sites
UK’s Best PayPal Betting Sites
UK’s Best Bitcoin Betting Sites
UK’s Best Paysafecard Betting Sites
UK’s Best Apple Pay Betting Sites
UK’s Best Trustly Betting Sites
UK’s Best Sofort Betting Sites
Best Perfect Money Betting Sites
Trustly isn’t quite like any alternative form of payment out there, having both key similarities and differences to all the other most popular methods.
It has similarly impressive processing speeds to eWallets, for example, but doesn’t require you to hold any kind of balance with Trustly itself, nor even bother registering before using it. Comparing it to a regular bank transfer is similarly difficult. Technically you’re still taking money from your bank account and depositing it with a bookie here, but Trustly is much faster than a regular transfer.
In short, Trustly is a pretty unique payment option. If you value speedy deposits and withdrawals, this is a solid option. If you like the idea of not storing your payment details with a sportsbook, whether for security or anonymity reasons, Trustly becomes even more appealing.
It’s not perfect of course, having two significant drawbacks. These are its ineligibility with the T&Cs which apply to welcome offers and ongoing betting promotions, and the fact that it’s not supported by quite a few premium sportsbooks.
Both criticisms are easily answered, though. Regarding the first, it’s unfortunately the same story with most payment methods which aren’t Visa or Mastercard. As for the second, there are still plenty of excellent Trustly betting sites out there, with 10 of the best listed at the top of this page.
If you’d like to try Trustly betting sites for yourself, we’d recommend checking out one of those 10 options and taking things from there. Getting started with Trustly is incredibly easy, and you may well find it becomes your preferred betting payment method for a long time to come.
An online payment platform, which lets you make payments between your bank account and a sportsbook. No registration is required, nor do you need to store your payment details with a bookmaker.
There are lots of good choices when it comes to picking between Trustly betting sites. That said, our very top picks would be Coral, Ladbrokes, and Unibet. If you’d prefer to go with a lesser-known brand instead, Betiton and MrPlay are both strong options.
It depends. Some betting sites do indeed let you make withdrawals. Others allow you to make deposits using Trustly, but not withdrawals, meaning you must register an additional payment method to take money out of your account.
Different Trustly betting sites have different processing times. That said, deposits are usually made instantly. There’s more variance with withdrawal processing times, which can take anything from 1-5 business days (although they tend to be closer to the 24-48 hour range).
Not usually. Trustly itself makes its money from vendors (like sportsbooks), and doesn’t charge you any money for using it. Technically some Trustly betting sites might charge you transaction fees, but - in practice - this is extremely rare nowadays.
Joe is a highly-experienced writer, with a focus on sports betting content. His specialties include sportsbook reviews and betting tips. A keen football fan, he also loves analysing and writing about the beautiful game.
Up to £25 In Free Bets
Bet £10 Get £20 Free Bet Token
Get £10 & 30 Free Spins When You Bet £20
£25 Free Bet + 50 Free Spins
Bet £5 And Get A £30 Bonus
Bet £10 Get £20
For all the latest deals, guides and loopholes simply sign up today. It’s spam free!