How Trustly Works & Some History Behind The Company
Progress Play casino sites always offer you a variety of different ways to pay for your gaming. And with the explosion in the amount of trading done online has come a rapid increase in the number of options customers have when paying for goods and services on the web.
For many, security is a big issue. The increasing number of instances of online fraud, hacking and identity theft have made many people wary of revealing their personal financial details to businesses and traders when making payments. Data can be stolen from the vendor, or intercepted en route if you are using an insecure Wi-Fi connection, for example.
The frequently used alternative of setting up e-wallets and transferring funds involves more work and inconvenience, and also requires the use of personal information and data when setting up and using these accounts. But a new payment method has been developed which offers the possibility of solving these issues instantly.
Trustly is a Swedish financial services company which offers just such a solution. Founded barely a decade ago in 2008, the company’s innovative payment service has expanded rapidly across Europe. By 2016, the last year for which figures are available at the time of writing, it was in use in 29 different countries across the continent and over a hundred different banks accepted its transactions. Total revenues were already well over €20 million by this point, with continued expansion inevitable as awareness of its convenience spreads amongst consumers.
The main advantage of using Trustly is that you can use your own usual bank account to make payments, but without the need to give away any of your precious data, such as bank account details, debit card numbers, expiry dates or even those fiddly three digit security codes which get rubbed off the signature strip on your plastic card.
Instead, you simply select Trustly on the payment page of your chosen site, log in using your usual online banking access methods (PIN, password etc.), choose the account from which you choose to pay (usually your current account), verify your purchase and you’re done!
You don’t need to give any financial details to the vendor at all, so there is no information to be hacked or stolen. Trustly never store any information that can be used to access your bank account. The highest encryption standards available are used for every transaction, in addition to your own banks’ security system.
So instead of having to fumble with your purse or wallet to find your plastic card, or send your private financial information across potentially insecure Wi-Fi networks from your mobile, Trustly take care of everything. They transfer the necessary funds from your bank account to the seller seamlessly, and at no cost to you. Instead, the retailer / trader pays a small commission when accepting your payment.
No debit cards, no credit cards, no e-wallets, no invoices, and no fees: instead, all that is required is a seamless transfer of funds direct from your bank account to your chosen merchant or retailer. Making online payments has never been simpler.
In the United Kingdom, the Trustly service is accepted by all the major banks, including Barclays, HSBC, Lloyds, RBS, Nationwide and Santander. In fact, just about every current account operating financial services company has signed up to operate the Trustly service.
Trustly is one of the payment options provided on Progress Play online casino sites, so you too can take advantage of this excellent service. So now paying for playing your favourite games online can be even easier and more convenient than ever before…