Trustly Open Banking is a relatively new deposit method that scores highly for convenience. It’s recently been added as a deposit option for UK players at VIPs Casino, and until 29th May 2021 there’s a special offer for both new and existing players when they deposit using it.
What Is Trustly?
Optimised for use on mobile devices, Trustly is a way of transferring money quickly and directly from your online bank account to a payee; in this case the payee is a casino but it can be used in all sorts of circumstances. You don’t need any cards, there’s no need to download any software and you don’t need to create an account with them. You can also send an instant withdrawal to your online bank account using Trustly.
Trustly is authorised by the Swedish Financial Supervisory Authority and if you’re wondering how they are able to operate in the UK now that we’ve left the EU, the answer is that they are covered by the Temporary Permissions Regime which gives them a “limited period” in which to seek full FCA authorisation (what the FCA website doesn’t say is how long that limited period is).
How Does Trustly Work?
All you have to do is select Trustly on the cashier screen when making a deposit. You’ll then be shown a list of banks that support the service. If your bank is one of them, you’ll be able to log on using your username and password, authenticate the payment by your chosen method and Trustly fetches the payment. For obvious security reasons Trustly doesn’t save your credentials, so you’ll need to enter your online banking username and password every time you use it. Again for obvious security reasons, the username and password are never passed to the casino.
That’s as far as Trustly can go in the UK. In some other countries, Trustly also carry out ID and Know Your Customer checks to aid the casino with account verification or even replace the casino registration process entirely so you can “Pay N Play” without having to give the casino any personal information at all. It’s very unlikely that the UK Gambling Commission will ever allow this for UK players. Even so, Trustly can make the whole process of depositing and withdrawing much quicker and easier, with no need to wait several days for the funds to arrive in your account.
What’s The Trustly Deposit Offer?
The offer is for UK residents only and all you have to do is deposit £10 or more At VIPs Casino using Trustly with bonus code TRUSTLY100 (which can be used once per player only). It’s valid for new and existing players – and new players may prefer to claim the regular welcome offer (below) first and then make a second deposit to claim the Trustly offer. The 100 spins on Fire Joker have a 35x wagering requirement.