Online Casinos in Latvia Offering Trustly
Given the fact that Latvian online casino players can freely join licensed casino sites, and most of these sites accept Trustly, you might want to learn more about this open-banking solution, and that’s where we come in. We’ll share with you everything we’ve gathered on it, so that you can see for yourself that this is, indeed, a method to give a try. The solution has made an effort to provide gamers with the chance to use a product designed for them, even though as an online casino player you can use all of its services and functionalities that you’ll learn about here. So, make sure you stay with us to get all the info you need before you start using it for effortless deposits and withdrawals. What is Trustly and why use it across Latvian online casinos?
The Legality of Online Gambling in Latvia
The minute Latvia left the USSR, it completely reformed and started allowing interested casino players to enjoy gambling activities. In fact, the year the country became independent, the first brick-and-mortar casino opened and started accepting locals immediately. In 1998, the country duly regulated the activity with the Law on Gambling and Lotteries, and formed the Lotteries and Gambling Supervision Inspection to inspect, supervise, and license interested operators to cater to Latvian players. Plenty of them did apply for a license and got it, and the watchdog made sure to oversee these land-based casinos across Latvia and make the market safe enough for players.
Now, in 2006, a few years after online gambling took off, Latvia also legalized online casinos. But there’s a catch. Latvijas Loto is the only state-owned operator that can offer online keno, bingo, and lottery, of course, and there are licensed operators who can offer online casino games. However, you will not find hundreds of such operators that offer online casino content; in fact, you will only find around a dozen. Another thing to keep in mind is that unlicensed offshore sites are heavily blocked by the authorities and Latvian players are legally allowed to play only across licensed sites.
Nevertheless, as it happens in many other countries with legal online gambling markets, Latvia is targeted by smaller online casino platforms and as it usually is the case, players can still somehow get access to those sites. We’ve seen Latvian players playing across these sites, so in the event you find access to an offshore site, you can join it, bearing in mind that you are only allowed to join licensed sites by law.
Therefore, the decision is yours. Of course, it is always better to join a duly licensed online casino that is supervised by the Lotteries and Gambling Supervision Inspection, if you wish to have the needed player protection and enjoy a fair online gambling time. Luckily for you, the dozen casinos that are licensed, all provide games by the same leading developers that are powering offshore sites. You will be able to enjoy world-class games designed by providers like Hacksaw Gaming, Evolution, Pragmatic Play, Yggdrasil and Play’n GO, for instance. If you know any of these names, you know that you’re in for a real treat, as verticals like Live Casino, award-winning slots, and plenty of other casino games will be at your disposal.
So, there's nothing left for you to do than focus on the payment method you would want to use before you decide on the casino to join. On another positive note, there's one payment method that's offered at every second, if not every single licensed Latvian online casino. We're talking about Trustly, the leading open-banking solution that allows you to make effortless deposits and withdrawals in euros. It is particularly convenient for online gambling purposes, as it has launched a product designed for games specifically, as you will soon learn. Add to that the fact that it works on any device and allows for instant transactions, and there you have it, a must-try payment method. So, continue reading to find out more about its background and learn the steps you need to take to get started with it.
Why Start Using Trustly at a Latvian Online Casino?
Trustly AB, a Swedish-based company launched Trustly almost two decades ago, in 2008. The solution functioned a lot differently back then, even though it always offered an alternative banking service that we greatly appreciate to this day. It has grown rapidly over the past years, marking its success all over Europe at first, but then all over the world, as well. In 2019, the PayWithMyBank merger happened, even though the two partnered in 2012 for the first time, and with it, the solution announced it was going transatlantic, expanding its reach all over the globe.
If you check it out today, to see what you can personally do with it, you will see that it facilitates online transactions in a way that there will be no need for manual bank entries, checks, or cards. Businesses can also do a lot with it, and that's one of the main reasons why its transaction volume per year is over $40 billion. In fact, the solution has over 650 million global users as it collaborates with 12,000 banks and 8,300 merchants to provide the amazing services it does. It continues to drive innovation by partnering up with other significant names on the banking scene, and that’s the reason why it has such a big presence across the online gambling industry. That, and the fact that it rolled out a product specifically designed for gamers, Pay’N’Play.
With this product, it only further cemented its position as a leading payment method across online casinos, at players’ disposal for both deposits and withdrawals. So, finally, we’ve come to the part where we tell you how it works. First, you should know that as a casino player, you can benefit most from its Direct Debit product and its Pay’N’Play product. Both can deliver seamless transactions from and to your bank account without much effort on your part.
In fact, to start using it, you won’t even have to create any new accounts. As long as you have a bank account, with any bank in the world, you can use its services right away. All you have to do is select it as your payment method at your chosen licensed Latvian online casino and that’s it. The minute you provide the required banking details to complete the transaction, the transaction will be on its way. Don’t even think about worrying about the safety of your money, as the solution makes sure to encode and encrypt all transactions you make with it, plus your bank has your back, as an additional layer of safety. So, if you wish to give it a go, stick with us, as in the following section we’ll tell you exactly how it works for deposits and withdrawals across Latvian online casinos.
How to Deposit and Withdraw Across Latvian Online Casinos with Trustly?
It goes without saying that, compared to many other popular methods, Trustly’s availability across licensed Latvian online casinos is unrivaled. You will surely be able to find one to join that will meet all your criteria and offers it. So, your first task is to pick out a few candidates, check out their offerings, and decide on the one to go with.
As soon as you do, register a player profile with that casino. To fund your casino balance with Trustly, make sure you just follow these simple steps:
- Access your player profile and locate the Cashier/Payment Methods page.
- Look for Trustly’s logo or find Pay’N’Play on the list of offered methods for Deposits.
- Press the respective logo and a new window will open with the offered banks listed.
- Select your bank and log into your online banking profile as you normally would.
- Specify how much you would like to deposit and the account you wish to use to debit the funds from.
- Confirm the transaction and in real time, the funds will reach your casino balance.
Withdrawals are possible with it, too, as mentioned, given the fact the solution was designed to facilitate transfers of money to and from a bank account.
Therefore, you will have to go through a similar procedure to cash out your winnings with it. First, you'd need to choose it from the list of offered methods for Withdrawals. As soon as you do that, you will need to set the amount you wish to cash out and enter the needed banking details to complete the request. With that, your part of the job is done and now it's the operator's time to act. The operator will need to see whether your request is legit, and if all is in order, will approve your request in about 24 to 48 hours, depending on the withdrawal policy of the casino. Once that happens, you will see the transaction arriving in your bank account.
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FAQs
Is it legal to gamble online in Latvia?
Are Latvian players prosecuted or penalized for accessing offshore online casinos?
Do many licensed Latvian online casinos accept Trustly?
Is Trustly offered for withdrawals by default if offered for deposits at a Latvian online casino?
What can I do in case a transaction I made with Trustly failed?
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