What is Trustly?
Trustly is a financial technology company that provides a secure, direct payment solution enabling consumers to make online payments directly from their bank accounts without the need for credit cards or third-party intermediaries. Founded in 2008 and headquartered in Sweden, Trustly operates across Europe and has expanded into other regions. The platform offers services for various sectors, including e-commerce, online gaming, and travel, facilitating seamless transactions for both businesses and consumers. Trustly prioritizes user privacy and security while ensuring fast and efficient payment processes, making it a popular choice for businesses seeking reliable payment solutions.
How to use Trustly?
- Select Trustly at checkout.
- Choose your bank from the list.
- Log in using your online banking credentials.
- Confirm the payment amount.
- Receive a confirmation of your transaction.
The pro's of using Trustly
- Direct Bank Transfers: Enables easy transactions directly from bank accounts without needing credit cards.
- Fast Transactions: Payments are processed quickly, often in real-time, enhancing user experience.
- Security: Employs strong encryption and does not store user credentials, ensuring data safety.
- Global Reach: Supports a wide range of banks across multiple countries, enhancing accessibility.
- Convenience: Streamlines the payment process by eliminating the need for additional accounts or apps.
The con's of using Trustly
- Limited Availability: Not all banks or regions may support Trustly, restricting its use.
- No Credit Card Support: Users who prefer credit card transactions might find it inconvenient.
- Transaction Limits: Some users may encounter caps on payment amounts, limiting larger transactions.
- Reliance on Online Banking: Users must have online banking enabled to use Trustly, excluding those who do not.
- Service Fees: Merchants may incur fees for using Trustly, which could affect pricing for consumers.