What is Trustly?
Trustly is a global online payment platform that enables users to make direct payments from their bank accounts without using credit cards or separate registration. Operating primarily in Europe and North America, Trustly supports transactions in multiple currencies, including USD and EUR. As an authorized payment institution, it connects banks, merchants, and consumers, streamlining online payments for e-commerce, financial services, and gaming industries. Trustly is regulated under the European Payment Services Directive (PSD2), prioritizing security and compliance. Its core offering is real-time bank transfers, providing an alternative to card payments and e-wallets, with widespread acceptance across a broad range of merchants and platforms.
How to use Trustly?
- Select Trustly at checkout on a participating website.
- Choose your country and bank from the list provided.
- Log in to your online banking via Trustly’s secure interface.
- Confirm the payment using your regular bank authentication.
- Complete the transaction; funds are transferred instantly.
The pro's of using Trustly
- No need to create a separate account or use cards, just bank credentials.
- Real-time transactions for immediate transfers and payments.
- Regulated under strict EU and US financial standards for enhanced security.
- Widely accepted by international merchants and service providers.
The con's of using Trustly
- Available banks vary by country; not all banks are supported globally.
- Not as widely used outside Europe and North America.
- Some banks may charge fees for Trustly transactions.
- Limited customer support options compared to major card providers.