Trumo in Estonian Casinos

Knowing that all forms of gambling are completely regulated in Estonia, a company from Finland designed an online gambling-focused open banking solution called Trumo, to suit the needs of all operators and players from the region. The solution is an option for players from three other countries, Finland of course, Latvia, and Lithuania. It has managed to get listed across top online casinos that operate in these countries and its popularity never ceases to increase. It is truly effortless to use, so if you'd like to give it a try, make sure you continue reading to find out more about it first. What is Trumo and why decide to use it for your deposits and withdrawals across licensed Estonian online casinos?

Online Gambling Regulation in Estonia

Estonia is one of the greatest examples of how a country should handle gambling regulations. While all activities were banned when the country was part of the USSR, in 1994, when Estonia was already independent, it introduced the Lottery Act, and a year later, the Gambling Act of 1995. By 2007, over 90 gambling venues existed in Tallinn alone, a number that decreased in size by 3x in 2008, when the Gambling Act was amended and some tougher rules were introduced.

In 2010, Estonia introduced online gambling regulations, with the Gambling Tax Act. Given the world crisis during the previous couple of years, the country’s economy went down, so legalizing all forms of online gambling was a decision that certainly improved the situation. For the first year, only local operators were allowed to put their services online, but as of 2011, the country opened its doors to offshore operators, as well, provided they had a license from the online gambling authority, the Estonian Tax and Customs Board.

Thanks to the low taxes and the permission to penetrate the market, the country attracted a lot of operators, who were eager to get licensed and start offering their content to players. The industry took off immediately and was quite a success. Well-established foreign operators started approaching their Baltic rivals in order to cement their positions as leading operators in the region, and Estonia was officially one of the most gambling-friendly countries in Europe and above.

To this day, the Estonian online gambling market is flourishing, with new operators obtaining licenses to offer their content to Estonian players left and right. You see them confirming their footprint in Estonia each month, and as an Estonian player, you know that you have hundreds of online casino sites at your disposal to join. Add to that the fact that these are all operators that have joined forces with leading software developers, and there you have it, quality gaming – guaranteed!

You can rest assured that you can play brand new slots delivered by the likes of Yggdrasil and Play’n GO, state-of-the-art Live Dealers titles by the likes of Evolution, Pragmatic Play and Playtech, and all kinds of other online casino games to play and greatly enjoy playing, like poker and table games. You can play freely knowing that all of the sites that you can legally access are totally licensed and regulated by the Estonian authorities, as unlicensed sites are blocked and cannot offer their services to Estonian players.

Therefore, the only thing left for you to do is to focus on the payment method you'll use for your deposits and withdrawals across these sites, as this is a really important aspect of your entire online gambling experience. If you want your experience to be 100% safe, you should aim for methods that are legit, safe, and easy to use, like the open banking solution Trumo. This solution, which originates from a neighboring country, Finland, is a method that is focused on serving the online gambling industry precisely, alongside the eCommerce industry.

As such, it makes sure that all of your transactions are swift and effortless like any online casino player would want them to be. As if that wasn't enough, you can rest assured that you'll be able to use your local currency, the euro when transacting with it, so you'll have all you need to make the smoothest and most cost-effective deposits and withdrawals with it. If you're into finding out more about it, follow our lead, as that's what we'll share with you in the next section.

Using Trumo Across Estonian Online Casinos

As introduced, Trumo is an open-banking solution that originates from Finland. A Helsinki-headquartered company founded in 2020, Trumo Finance Oy, took its time to design and perfect it before putting it live in 2024, to attend to the needs and preferences of the online gambling and eCommerce industry. The solution operates in four countries in total, most of which offer a legal online gambling market, Estonia, Finland, Latvia, and Lithuania. As such, it appeared in times when the online gambling industry needed it the most, as open banking was getting extremely popular all around the world, and especially across the online gambling industry.

If you have ever used open banking, you know that transacting with a solution like this would be truly effortless. But, before we go more into that, we should emphasize the fact that you can trust Trumo as it is monitored by the Finnish Financial Supervisory Authority, as you can confirm from its Terms of Use page, and uses a next-level authentication procedure to ensure that all account-to-account transactions with it are completely secure at all times.

Designed to cater to online casino players, the solution is insanely easy to use. But, in order to be eligible to use it, you must make sure that you’re meeting the conditions to start using it. One, of course, you must join an online casino that accepts it. Given how its popularity continues growing across online casinos that cater to Estonian players, this should not pose any problems. Two, you must have a bank account with one of the many leading banks from the four eligible countries, like Danske Bank, Nordea, Alandsbanken, Pop Pankki, Aktia, and Saastopankki, for instance. And three, you must have your online banking profile activated and ready to be used for online transactions.

Assuming you’ve got these covered, it’s time to learn how the solution works. Naturally, it works through the standard banking system and facilitates account-to-account transactions. Therefore, to get started with it, you don’t need to create any new accounts, as you’ll be using your existing bank account, hence, online banking profile to transact with it. So, all you have to do is choose it as your payment method at your online casino, and you’ll be prompted to enter your online banking profile right away. After you set the amount of money that you wish to deposit, you will need to continue by entering the casino's banking information, to complete the transaction as you would normally do with any other transaction. Confirm your transaction request and the money will be instantly transferred to your registered online casino account. The process for withdrawing money from your casino balance is similar, but we'll get into more details about both procedures in the next section.

So, follow our lead, as in the next section, we’ll give you the step-by-step procedures for depositing and withdrawing with the solution across licensed Estonian online casinos.

Depositing and Withdrawing with Trumo

Trumo is getting in the spotlight across the online gambling industry, especially now that Finland is trying to liberalize its online gambling market. But since Estonia has already been offering a regulated online gambling market, the solution has been a hit with Estonian players since day one. Even though a relatively new solution, launched only in 2024, it is getting there and is becoming one of the preferred methods for many Estonian players.

Consequently, so many Estonian operators have listed it and new ones are listing it as we’re writing this. So, finding a proper site to join won’t be difficult at all. As soon as you find yours, register an account with it by providing the necessary personal details. From here, to fund your registered player account with Trumo, go through these easy steps:

1. Open the Cashier/Banking page as soon as you access your registered player account.
2. Choose Trumo from the methods listed in the Deposits section.
3. Once redirected to a new page, select your bank and access your online banking profile the way you normally do.
4. Set the amount of money that you would like to deposit and confirm the transaction.
5. In an instant, the funds will be transferred to your casino balance.

Being an open banking solution, Trumo processes withdrawals swiftly, too. You will, however, have to check whether it is an accepted withdrawal method at your online casino before you decide to use it for your cashouts.

Assuming it is, you can proceed. Head over to the Cashier/Banking page once more, and select the solution from the methods listed in the Withdrawals section. In the appointed fields, enter your banking info and set the amount of money that you would like to withdraw. Confirm your request and wait. The operator can take minutes or up to 48 hours to respond to your request, and if approved, the solution will make sure the funds are transferred to your bank account directly, in a few minutes.

Conclusion

As an Estonian player, you should seriously consider using Trumo for your deposits and withdrawals, as the solution was tailored to the needs of online casino players. Add to that the fact that it only caters to players from your country and three others, is properly supervised, and uses next-level authentication procedures, and there you have them, the reasons why you should put your trust in it. As if all of these weren't enough, it allows you to transact in your local currency and it is super easy to use. Therefore, the first chance you get, make sure you give it a try, as no new account registration is required.