Description
Trustly
Trustly is a fintech company that was established in 2008 by Carl Wilson, Joel Jakobsson, and Lukas Gratte. The company has been growing over the past 16 years, and it has become a leader in open banking payment solutions. Trustly’s goal is to make online payments as seamless as possible, as well as to offer an innovative way to use a payment platform.
Trustly pays a lot of attention to both speed and security, for both merchants and consumers of this platform. The company makes sure that the transactions are processed in real time and that there are no fraud activities going on.
The company has developed many partnerships over the years, including partnerships with major brands like PayPal, eBay, T-Mobile, and Coinbase. So far, the company has worked with over 9,000 merchants in over 30 markets, and has connected them to over 650 million customers through 12,000 different banks.
It is also important to mention that Trustly is a licensed payment company, as it operates under the supervision of Swedish FSA in the European Union, and EEA and the FCA in the United Kingdom.
Company Overview
Trustly is a payment company built with a goal to make open banking payment solutions simple, fast, and seamless. The company has been in the industry for quite some time now, and it has been able to build a good reputation and gain many partners over the years. Trustly works in many different areas of business, including, e-commerce, financial services, travel, and gaming market, and all of this has helped the company to become a global leader in the payment industry.
Open banking is an option this company works with the most, and it provides a secure way for users to give access to their financial information. They also get to oversee payments directly which creates a deeper sense of control and safety. This is a revolutionary way to move and manage money, and Trustly is one of the companies that understood this vision and embraced this service.
The company offers a variety of payment solutions, and some of them are payments, deposits, and payouts. With Trustly’s payment option, checkouts become easier and simpler. Once you select the wanted bank from the app’s list, you will never have to do it again, but just simply click on the pay button and be done with your transaction. This option shows the potential of digital payments powered by online banking. Deposits are there to give users up to 98% conversion rate, as well as to make A2A transactions easier and quicker for the customers. Payouts allow for users to send money directly to an account in any currency. Money moves instantly and is available immediately which makes this option one of the most used ones.
| Company Name | Trustly |
| Founded | 2008 |
| Headquarters | Stockholm, Sweden |
| Payment Methods | Debit and credit cards, bank transfer, e-wallets, A2A transactions |
| Platform Appearance | – A front page with a dashboard containing resources, company information, payment solutions, markets the company works in, and a contact option – Advertisement of the company’s concept, and the solutions the company offers, along with statistics – Separate contact area |
| Licenses | Licensed by the Swedish FSA, and UK’S EEA and FCA; Licensed Payment Institution under PSD2 |
| Official Website | https://www.trustly.com/ |
Trustly has been at the top of the game for years now, and statistics show how true that really is. The company has done payments in more than 30 countries over the year, and processes more than $58 billion annually across different markets.
Trustly’s Role in the Gaming Industry
Trustly is a company that has seen the potential and entered the gaming industry a long time ago. The company provides instant insights on a player’s financial history and helps the operators stay compliant across markets. Operators also get the ability to offer users faster deposits and withdrawals. Cashiers can recognize previous players and offer them with bank accounts they used before. This speeds up deposit time by 60% and makes transactions simple and fast.
Because everything happens in a highly regulated manner, there is no need for operators or players to worry about fraud or any other possible security problem. Trustly has an open banking platform known as Pay N Play which allows for all of this to happen. It allows players to deposit money from their accounts and consent to sharing data with operators, which makes the whole process safer for both sides.
To Conclude
Trustly is a company that knows what it is doing in the payment industry. Over the years it has been able to develop some of the most innovative ways to make transactions, while also putting the safety of its users first. Trustly entered the gaming market a long time ago and developed an innovative way to make deposits with its platform called Pay N Play. This company places its focus on safety and efficiency of its platform, and provides the customers with one of the most user-friendly software systems. All that is left to do is to let Trustly create more innovative payment options so that the company can establish even more amazing partnerships and continue to lead the payment industry, just like they have done so far.
