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Trustly vs. Skrill at Online Casinos


Trustly vs. Skrill at Online Casinos

Making sure...

... your online gambling funds reach the right set of hands is a crucial consideration in the overall success of your experience. The entertainment factor continues to be in the focus of the practice, but things are definitely made better by a sudden cash prize you can take home.

Speaking of which...

... players nowadays are provided a myriad of banking options that more or less allow them to do precisely that. Online gambling and betting site operators partner with these services in order to offer a wider range of choices to their player pool. After all, a banking method is only as useful as it fits the player profile of the user, as well as their preferences and legal requirements.

Out of the lot...

... a few specific types of payment processing options have turned out to be most useful. These include the standard bank transfers and credit/debit card charges, as well as more modern e-wallet and online payment processors. Cryptos have also entered the online gambling sphere as the optimal solution for somewhat problematic markets, greater security requirements and absolute anonymity preferences.

Trustly and Skrill...

... are two of the most recognized brand names in this line of work, and rightfully so. They are part of that new generation of modern payment solutions, allowing players and users alike a smooth and seamless transaction experience. Transferring funds through these methods has become one of the go-to options for all kinds of e-commerce payments, and the massively growing interactive gaming industry was sure to follow suit.

Players are bound to find their mechanics most useful, but it helps to gain some understanding about them before trying them out in practice.

About Trustly

Founded back in 2008 as a joint effort of three friends...

... based out in Stockholm, the Trustly brand was working in the black from day one. This payment processing solution came about as an idea to make online transactions as easy as ‘sliding a bill on the counter’ of your local drugstore, as they like to put it on their official website.

Over the years...

... they have gradually expanded their offices to new territories (in Malta, Spain, UK and Germany). What is more, their coverage grew with them, and they are nowadays available for residents across the European mainland and the British Isles.

The company functions as an online payment processing service...

... that simply performs the backend operation of funds transfer from one party to another. Just as long as you and the merchant of your choice qualify for the service (location and bank account), Trustly is sure to handle everything from the background.

About Skrill

The company previously known as Moneybookers...

... was born a few years in advance, 2001 to be exact. Their rebranding into the Skrill service came at the right time, as they offered the full scope of online funds transfer and management solutions.

What is more...

... it is known as the first company of its kind to get the approval from the highly regarded FCA, which speaks volumes of their long-standing reliability.

Over the years, Skrill has been conquering new markets, and is nowadays available in over 200 countries globally.

Payment Methods Comparation

Paypal Neteller
Payment method name Trustly Skrill
Available accounts 1 account 1 account (1;2;3;4 different currency accounts)
One time signup bonus n/a 15 USD Signup Bonus
Account management fees n/a free
Account unused n/a unused for 12 months: 1 EUR/month
Exchange fees (FX) n/a 3.99% (3.79%; 2.89%; 2.59%; 1.99%)
p2p Money transfer
Send money p2p n/a 1.9%, max 20 EUR (1%, max 10 EUR for bronze; 1%, max 2 EUR for above)
Receive money p2p n/a free
Deposit fees
Bank transfer n/a free
Instant bank transfer n/a free
Credit card n/a 1.90% (1.25%; free; free; free)
Withdraw fees
Bank transfer n/a 3.95 EUR (3.95; free; free; free)
Cheque n/a 3.50 EUR
Prepaid card at the ATM n/a 1.75% (1.75%; free; free; free)
To merchant site n/a free
PrePaid Card n/a Skrill PrePaid MasterCard
Requirements to order n/a n/a
Fee to order n/a 10 EUR (free)
Membership n/a n/a
Costs for cash withdrawals at the ATM n/a n/a
ATM transaction decline fee n/a n/a
Costs at points of sale n/a free
Stop payment fee for preauthorized n/a n/a
Online bank statement n/a free
New PIN n/a free
New prepaid card n/a 10 EUR (free)
Cash withdrawal at ATM limits/24h n/a 250 EUR (750;1,500; 3,000; 5,000)
Points of sale limits/24h n/a 1,000 EUR (3,000; 3,000; 5,000; 5,000)
Delivery time n/a 5-10 business days
Validation n/a 3 years
Cashback and promotions
Promotions n/a up to 100 EUR Bonus by becoming Skrill VIP
Additional bonus-programs n/a n/a
Two Factor Authentication n/a Skrill Two-step Authentication
Fee to order n/a free app
Delivery time n/a right after app installation is completed
Money-back guarantee in case of fraud n/a for all Skrill customers using the 2-step-authentication
Link to Terms & Conditions Visit Visit


Check out if and what types of accounts are available with each of these providers. Even if you aren’t interested in some of them, it could turn out to be useful insight.


One of the recognizable characteristics...

... of the Trustly service is their lack of a formal account registration. In other words, users are not required to create a new account or profile, and log into it each time they need to send or receive cash. On the contrary, all they have to remember is the bank details that they normally use to access their online bank platform – Trustly takes care of everything from behind the scenes.


... when it comes to merchants, there are a few options to choose from aside from this non-invasive solution. In fact, they can choose to employ the Trustly Direct Debit, or the Pay N Play option aside from this primary choice. The former is particularly useful for recurring payments, as well as billing operations of in-game purchase, taxi, subscription services among others, while the latter specifically caters to the iGaming marketplace.

Since there is no formal account, there is no dormancy fee; however, Trustly does charge a low standard fee for currency exchanges (usually around 2.75%).


Skrill is...

... more standard in its approach as an e-wallet service, and allows its potential clients to register for a single, regular account through a few steps. Once they have an initial account, there is a range of funding options to choose from, allowing you to store or transfer your funds easily upon demand.

For account inactivity longer than 12 months...

... users are charged a monthly fee of EUR 5 for maintenance purposes.

As for currency exchange...

... it is important to point out that, due to its widespread global use, has made available up to 41 different currencies in their payment processing solution. In case you need to exchange it for the needs of a particular transaction, a flat 3.99% fee is applied to the amount in question.

Cryptocurrencies are also an option with Skrill – buying, selling and p2p crypto transactions are eligible to Skrill account holders, with more beneficial fee rates for USD and EUR users than those choosing other currencies.

Payments, Deposits & Withdrawals

The main functions of a payment processing service are bound to get the most attention. Evidently so, since both these companies have dedicated to optimize this service as much as possible, providing their account holders with the best they can offer.


Performing deposits, requesting withdrawals or simply processing a payment...

... to a select party is most simple and straightforward for Trustly users. Without even so much as an account you would need to log in beforehand, all it takes is for your bank to be listed as one of the service’s partnering banks (most major European banks are listed!) and for the e-merchant of your choice to offer Trustly as a banking method.

The service does not store...

... any value whatsoever, since there is no account for the purpose, but rather simply provides a safe, secured and extra speedy channel for transfer execution. There is no need for funding, simply selecting the bank account of your choice and operating with it.


Skrill, on the other hand...

... is a fully fledged e-wallet, offering an individual account to each user. This account, in turn, is funded through a selection of funding options – local ones include bank transfer and other e-wallets for residents of specific countries (Klarna, Paysafecash, RapidTransfer, Boku and Trustly). International deposit methods include the major credit card processing companies – Diners, AmEx, Visa, MasterCard and JCB – both these deposit option types come at a 1.00% fee charge per transfer.

Withdrawing from your Skrill account...

... is also done on the local level (bank and credit card) or globally through SWIFT. The latter comes at a flat fee of EUR 5.50, just as the bank transfer, while Visa withdrawals come at a 7.50% fee.

You can also choose to send the funds you have in your e-wallet to a different user, merchant account or other third party. Such transactions are normally subject to 1.45% fee, except for money sent to your bank account, which is free, as is the process of receiving funds.

Physical Card

Even with all sending, receiving and withdrawing funds operations available through the virtual mechanisms of modern payment processors, there is still a need for tangible payment methods. The plastic card has arguably managed to maintain its dominance the longest, and is still considered an almost indispensible part to achieving optimal customer satisfaction.


Since there is no value stored at Trustly...

...and no account for this purpose in the first place, there is neither a need for the company to issue plastic cards. They have managed to retain their services strictly within the digital framework, and are still ranking high in terms of customer satisfaction.

Skrill Prepaid MasterCard

Skrill took the more common road, and decided to continue in their competitors’ footsteps, allowing clients to request a Skrill Prepaid MasterCard. The main benefits of it consist in the availability to make ATM withdrawals, as well as accessibility to any point of retail that accepts MasterCard, which is practically everywhere.

You can request it...

... completely free of charge, and enjoy its features just the same. Nevertheless, some restrictions apply in terms of amount caps for ATM cashouts and the likes, although the VIP program at Skrill will take care of that for you soon enough.

User Benefits

As just mentioned, Skrill and a range of other payment processing services have adopted the example of online casino operators and merchants. While they offer discounts, bonuses and promotional rewards and advantages, these programs focus on the payment experience.


In the same mode of operations...

... Trustly once again deviates from the standard e-wallet service, and does not include a dedicated VIP rewards scheme for their users. Still, even at that, they are eligible to fee-free, speedy and completely secure transactions available across most banks and e-merchants. Therefore, there is hardly anything else you could ask for as an active user.


Skrill have a completely developed benefits and rewards scheme...

... for their client pool, opting to reward loyal ones for staying with the service and using it for a certain transaction volume. The ranks of the rewards program range from Bronze, through Silver and Gold, to Diamond, with each level being within your reach after the months’ traffic has been calculated.

As levels get higher...

... users normally get bigger deposit and cashout limits, as well as lower or no fees on currency exchanges and other operations. While the service is rather beneficial as it is, these extra advantages make it all the more attractive.


The safety and protection of your hard-earned cash is bound to be a no. 1 priority. This is all the more true about online casino players who have additionally risked through some of their funds in order to come out with their winnings. Hence, it is only natural that they are looking to store and handle them only through reputable and reliable services.


The name says it all – it is a service that can be trusted, and their relationship with long-affirmed and established European banks further proves the point. This service acts as an added layer of protection for funds transfer between the merchant and the individual’s bank account, meaning security is practically in its essence.

They have been approved...

... by the highest FCA in Sweden, employ only the latest in encryption technologies, and are related to the banks’ security systems. The latter adds as much to the reputability and reliability of the service, as it does to the actual funds protection.


As another FCA-approved service...

... Skrill has just as much credibility. They protect all parts of the payment transfer and storage process, as the first officially authorized electronic payments service should, in fact.

The e-wallet additionally offers two-factor authentication as a means of putting some control in the hands of the individual account holder. It additionally provides insight into possible intrusions, and keeps user identification impeccable at all times, which is why they are recommending it by and large.


... choosing between Trustly and Skrill is not so much as a pros and cons thing as it is a matter of taste and preference. They both serve their users to their utmost abilities, and have a line of satisfied customers and track record to prove it.


... it is best to try them out at any of the top online casino sites before making your choice – you may just end up liking both!

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Written by: Shelly Schiff