Trumo in Lithuanian Casinos

Trumo is a payment method you will find listed across a decent number of Lithuanian online casinos, probably because it is a solution offered in only your country and three others. And also because it was created for the purpose of catering to the online gambling industry. As such, this open-banking solution is one that you will have no problems using, as it was designed to facilitate your deposits and withdrawals across online casino sites. It actually allows for the swiftest and smoothest transactions to and from online casinos that go through the standard banking system. So, if you wish to learn more about the getting started process and the depositing/withdrawing procedures, make sure you continue reading. What is Trumo and why decide to use it at your favorite Lithuanian online casino?

Online Gambling Regulation in Lithuania

Lithuania is a Baltic country that, like many of its neighbors, was part of the USSR. And for all USSR countries, gambling of any form was banned. After the country gained its independence in 1990, it legalized land-based gambling. As time passed, over 60 land-based casinos opened across 14 of its biggest cities. The country is proactive when it comes to licensing land-based operators and allowing them to set up their operations to this day.

So, when it comes to land-based gambling, the industry is still going strong. For online gambling, however, Lithuania was not as gentle. Even though the country officially legalized the online gambling market in 2016, forced by the European Union, it was already offering online gambling in-house for quite some time. Previously, the only operator that was allowed to offer online gambling was the state-sponsored Olifeia. As for sports betting, three operators also backed by the government were handling the offering. In 2011, the country even sued the internet provider for the country, TEO, for not wanting to block offshore online gambling sites. But the case was dismissed, as the country had no grounds to require such a thing unless of a case of an emergency.

In the meantime, the EU continued pressuring Lithuania to lower its guard and liberalize the market. In 2016, when the country officially legalized online gambling, only operators with land-based presence were allowed to apply for a license. But as of 2022, any operator interested in obtaining a license could apply for it, as the pre-requisite of operating a brick-and-mortar gambling establishment in order to offer online gambling was abolished. That’s why by 2024, Lithuania’s gambling revenue increased significantly, with strong online performance noted.

What happened was that so many operators applied for a license as soon as the market launched, and so many got it. And not only operators but software developers, too. In no time, the Gaming Control Authority managed to grant so many licenses, and with that, the market started flourishing. World-class games like Live Casino, table games, slots, and poker were at players' disposal 24/7, delivered by top-notch software providers like Hacksaw Gaming, Wazdan, Yggdrasil and Evolution, to mention a few. Unlicensed operators continue targeting the market, so you can even get access to such sites and enjoy an even more varied choice of games, but of course, the recommended option is to join licensed sites, to get proper player protection.

Now that you know your options in terms of gaming content at your disposal, it's time you learned your banking options. Despite frequent volatilities in banking, this European sector is resilient, mostly because so many new providers have emerged, each offering a better and more innovative payment solution than the other. This, of course, has equipped users with better choices, but it seems like open-banking solutions stand out from the crowd, due to their safety and ease of use. One such open-banking solution, designed just for you as an online casino player and a Lithuanian citizen, is Trumo.

We're saying it is designed just for you, because it is, indeed, a solution designed to attend to the needs of the online gambling industry, and is approved to operate in Lithuania, Latvia, Estonia, and Finland. It was, in fact, to enable operators to receive payments quickly and players to send/receive deposits and withdrawals in the most effortless way possible. It allows you to use your local currency, the euro, so if you're already considering using it, make sure you continue reading to figure out how to get started with it to start making seamless deposits and withdrawals with it across Lithuanian online casinos.

Using Trumo Across Lithuanian Online Casinos

A company from Finland, Trumo Finance Oy, seeing how online gambling was quickly spreading across the region, decided to create a payment method that functions through the standard banking system, but one that would specifically meet the needs of the online gambling industry. In only four years after its launch, in 2024, the company presented the open-banking solution Trumo to the region. It immediately got its approval to offer it in Finland, after it was approved by the Financial Supervisory Authority in the country, but also in Lithuania, Latvia, and Estonia. So, today, only users from these four countries can use it, even though the company behind it announced that it applied in several other countries to expand its reach. But, since it is properly approved and supervised, you can rest assured that the solution is completely safe to use.

What this means for you as a Lithuanian player is that you can start using it whenever you want. That is, as long as you are banked, considering it is still an open-banking solution. Major banks from the region are offering its services, like Aktia, Alandsbanken, Danske Bank, Saastopankki, Nordea, and Pop Pankki, so assuming you have an account with at least one of them, you are eligible to use it. All that’s left for you to cover is to ensure that your online banking profile is active and running smoothly, to get started with it.

Assuming you are eligible to use it, the next thing you need to do is to start searching for Lithuanian online casinos that accept it. Decide on the one to join and register an account with it. While operators who have listed it as an accepted payment method had to set up meetings with its team to enable its service on their sites, you as the player have to do no such thing. All you have to do is select it as your payment method at the casino’s Cashier page and proceed by entering the banking info as instructed. You will need to set the amount you wish to deposit/withdraw and follow the prompts. In no time after the requests are approved, your deposits/withdrawals are processed. Yes, the solution is that easy to use, so why not continue reading to find out the exact steps you’d need to take to start using it at your favorite Lithuanian online casino?

Depositing and Withdrawing with Trumo

Given the fact that Lithuania has liberalized its online gambling market, plenty of online casino sites are at your disposal. A decent number of those sites have made sure to offer Trumo for deposits and withdrawals, so all you have to do is check these sites out. See whether they offer great games by leading developers, attractive promotions and bonuses, and fair conditions, and then decide on the site to join.

To register an account with the casino, you will need to disclose some basic personal details, like your name and phone number/email. From there, to top up your account with Trumo, you will need to go through these easy steps:

1. Enter your registered player account and head over to the Cashier page.
2. In the Deposits section, search for Trumo and select it.
3. A new window will open where you’d need to log into your online banking profile.
4. Set the amount you wish to deposit and the required casino’s banking details.
5. Confirm and watch the money reaching your casino balance in an instant.

Side note: If you don’t have the casino’s banking info, make sure you get in touch with its Support team to get it, as the transaction is requested the normal way.

Now, the process isn’t that different for withdrawals. You enter the Cashier page and head over to the Withdrawals section to select the solution, and then you enter the required banking details. But here, the operator needs to approve your request first, before it is processed. This can happen in a few minutes or in up to 48 hours, but as soon as you get it, the funds will appear in your bank account.

Conclusion

As a Lithuanian player, you get plenty of payment methods to choose from across top online casinos, but Trumo is clearly one of the best options. It is approved in Lithuania and crafted for online casino players and operators, to facilitate deposits and withdrawals, and is already offered across a decent number of sites that cater to Lithuanian players. Choose one, and enjoy effortless deposits and withdrawals with it!