Online Casinos in Sweden Offering Trustly
The online gambling landscape in Sweden has been constantly changing in recent years, but one thing that remained constant is Trustly’s presence on the list of accepted payment methods across online casino sites that cater to Swedish players. While previously, gambling was entirely monopoly-based, the country liberalized it and today, Swedish players can join and enjoy their games across a large number of online casino sites. You will learn more about this in the following sections, but for now, you should know that the locally-based payment solution Trustly will be your option for deposits and withdrawals across most if not all, Swedish online casinos. What is Trustly actually and why decide to use it across Swedish online casinos for deposits and withdrawals?
The Legality of Online Gambling in Sweden
As introduced, Sweden is a country that offers a legal online gambling market, but one that’s changed a lot since it was introduced. Even though a country that’s constantly ahead of other countries when it comes to innovation and technology, Sweden was not so friendly with foreign operators when it first put online gambling regulations in effect in 2002. In fact, the market was entirely monopoly-based, with Spenska Spel basically in charge of all the offerings. When international operators tried to enter the market, the country denied their access and wanted to keep the activity in-house.
However, the EU was not impressed with this, and since Sweden is a member country of the European Union, it was forced to reconsider its stance. The EU is all about fair trade among member countries, so since EU-based operators started targeting the then-newly-launched market, Sweden was put into a difficult position. The country had to comply with the EU gambling laws, and eventually, in 2019,it introduced a new gambling law, the Gambling Act, opening its doors to operators from all across the world, who duly applied and got their license to operate on the Swedish market by the Spelinspektionen. The regulator is, to this day, the only online gambling regulatory body that can issue licenses, oversee operations and suspend or revoke licenses to operators that did not abide by its rules and laws.
Many operators and developers were ready for Swedish expansion and got their respective licenses to offer their online gambling content to the Swedish market. On the other hand, unlicensed operators are banned by the regulator, in an attempt to keep the market as safe and fair as possible for Swedish players. In fact, Spelinspektionen is considered one of the strictest and toughest regulators in the industry, constantly trying to put player protection ahead of anything else. That’s the reason why whichever licensed online casino you’re eyeing to join as a Swedish player is a completely safe and legit site to join.
And since plenty of operators and developers are already catering to Swedish players legally, you have hundreds of sites to join and millions of different games to try out. Among some of the providers that are legally licensed to offer their games to Swedish players, we can mention Pragmatic Play, Yggdrasil, Stakelogic, and Play’n GO. So, you can rest assured that you’ll have industry-leading and award-winning games to try out and not worry about missing out on something.
While you’re covered in terms of game choices at your disposal, you will be happy to hear that you’re also covered when it comes to excellent payment methods to use across these licensed Swedish online casinos. If you wish to keep things close to home, you should certainly consider using the locally-based open banking solution, Trustly. You can rest assured that you'll be able to start using it immediately after you decide to do so since it is offered by practically all leading Swedish banks. With it, you'll not only be able to use your native currency, the Swedish krona for all kinds of online transactions, but also for both deposits and withdrawals across a great number of Swedish sites. The solution is extremely popular across Swedish online casinos, so make sure you stay with us to learn as much as you can about it.
Why Start Using Trustly at a Swedish Online Casino?
Offering an alternative to credit cards and other standard banking solutions, Trustly is an open banking solution that allows you to access the funds you have on your bank account with no extra account registrations, and transfer money from one bank account to another in just a few simple steps. The solution managed to achieve its goal set when it first launched in 2008 and has continued to cater to its users in the best way possible for almost two decades now.
Its story began in Sweden, when Trustly AB, the company behind it, decided to revolutionize the way account-to-account money transfers were processed, and as you will see, it managed to do so. The company first partnered up with PayWithMyBank, a startup from the US, to create an open banking payments network, and then continued partnering up with other prominent financial brands and banks in the world to continue growing that network. And even though it started out small, catering to Swedish users only at first, today, this is a global solution connecting users, businesses, and financial institutions in the most remarkable way possible.
It is offered in more than 33 countries, connectingover 650 million users through over 12,000 banks with over 8,300 merchants that are offering it as a payment method. Its transaction volume per year crosses $42 billion and that tells you everything you need to know about its integrity and trustworthiness. While you can get insights into it on its official website, make sure you do a quick Google search about its achievements, and you’ll see the many accolades it has received from many different industries that exist all across the globe. It truly is what its name implies, a solution you can trust.
Enough about its background; let’s now focus on how it actually works. The greatest thing about it, maybe, is the fact that it does not require any new account registrations. As long as your bank is on the list of partnered banks, you can rest assured that you’ll immediately be able to start using its amazing services. In fact, as you will see on its official website, there’s no signup button, but there's a Log In button only, which immediately prompts you to choose your bank from the ones listed to start transacting with it or review your transaction history if you already used it.
We should mention here that it allows you to use a Direct Debit product to send and receive money via your bank account using your standard online banking credentials, but you can also use the Pay N Play product created with online gamers and casino players in mind. So, continue reading, as in the following section we’ll tell you exactly how it works for online casino deposits and withdrawals across Swedish online casino sites.
How to Deposit and Withdraw Across Swedish Online Casinos with Trustly?
Having read what you have so far, it must be clear as day to you that Trustly is a trusted and incredibly available payment method across the Swedish online gambling industry, being offered across most, if not all, Swedish-licensed online casinos. We should not dwell on its availability any longer, therefore, but just remind you that the first thing you should do is to find the most well-suited casino to join, which accepts Trustly, to start using it for the most effortless deposits and withdrawals out there.
Assuming you’ve found the one, and registered your player account with it, the next thing to do is the thing you’ve been waiting to learn about since the beginning of the article: how to make a deposit with it. Well, to fund your player account with Trustly, you’d need to follow these easy steps:
- Enter your player account and head over to the Banking/Payment Methods page.
- Look for the Deposits section and in it, find Trustly or Pay N Play’s logo.
- Once redirected to a page where you need to select a bank, select the bank you have an account with.
- Again, you’ll be redirected to a secure page where you need to use your credentials to enter your online banking profile.
- Request a transfer as you usually do, by entering the amount you wish to send.
- Confirm the transaction, and in an instant, you'll see the money arriving in your casino balance.
Since this is an open banking solution that collaborates with banks to make transfers happen, it goes without saying that Trustly is a perfectly great option for withdrawals. Withdrawals are even easier to request, as all you need to do once you select the solution from the Withdrawals section, you’ll just need to enter your banking details to request a transaction. That, and of course, the amount you wish to cash out.
The operator will take it from there and review your request first. After the operator ensures that your request is legit and you are in a position to cash out as much as you requested, your request will be approved and your winnings will land on your bank account instantly.
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FAQs
Is online gambling legal in Sweden?
Are Swedish online casino players allowed to play across international online casinos?
Will I find many Swedish online casinos that offer Trustly?
Does Trustly offer a Support service I could get in touch with in case my deposit fails?
Can I cancel a deposit I made with Trustly at a Swedish online casino?
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