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Trustly in German Casinos
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Online casino players from Germany spend a lot of time choosing proper methods to use to fund their accounts and cash out winnings with, and they usually go with alternative solutions to standard banking options. These are, of course, more modern and easier to use, but they also come with other perks, like Trustly, for instance. As an open banking solution, it has a bit of two worlds: it offers standard banking solutions, but with its modern software and equipment, it does that in a more efficient and quicker manner. With just a few simple clicks or taps on your device, with it, you can make the most seamless deposits and withdrawals across German online casinos. These transactions will be in euros and will go from and to your bank account, in the most effortless way. So, if you're ready to find out more about it and learn how to use it across top German casinos, follow our lead. What is Trustly and why use it for deposits and withdrawals at a German online casino?
Online Gambling Regulation in Germany
When it comes to gambling, Germany was a country where land-based casinos existed in some of its 16 states, while others remained against it for years. As a Federal Republic organized in 16 states with their own say in things, two types of laws apply for everything there, gambling included. And while the federal law allowed them to legalize gambling if they wanted to, some states were strongly against it. But the surprising part is that, when online gambling emerged, all states agreed, unanimously, that they were against it. For the first time, all states agreed on something, and in 2008, they banned online gambling.
But they were faced with criticism from the European Union. As a powerful member of the Union, with the ban, Germany went against EU gambling laws and had to reconsider its rulings. Having nothing else to do and under a lot of pressure from the Union, Germany caved and legalized online sportsbetting first. This happened in 2012, but the EU was adamant that online casino gambling needed to be legalized, too, and that’s why four years in, the Interstate Treaty of Gambling was signed by all 16 states, to finally legalize online casino gambling.
Yet, nothing official really happened for years after the Treaty was signed. In fact, the online gambling market was launched five years later, in 2021. With the launch, the Gemeinsamen Glücksspielbehörde der Länder (GGL) started performing its duty of licensing operators interested in offering their content to the German players. Many operators decided to deepen their international footprint with a German license, like LeoVegas, Trada, and Casumo, all well-aware that the regulator won’t let anything slide when it comes to rules and laws to follow. In fact, it is already a known fact that GGL is one of the toughest regulators out there, making sure German players are respected and treated with fairness at all times.
So far, the online gambling industry in Germany is running smoothly, with players getting access to excellent sites that offer the industry-leading game verticals, like Live Casino and slots, delivered by the likes of Habanero, Pragmatic Play, Endorphina and BetSoft.
Nevertheless, the regulator continues blocking sites that want to penetrate the market illegally and ensures that all licensed operators are overseen non-stop, and fined when doing something they are not supposed to. So, when looking for sites to join, make sure you join those that hold a German license, if you wish to have an enjoyable and safe online gambling time. Also, ensure you choose sites that offer the most convenient payment methods to use for deposits and withdrawals. A solution that certainly deserves your attention is Trustly, as it has become somewhat of a favorite among German players.
It is an alternative, open banking solution, that combines the best of two worlds: alternative and traditional banking. What happens is that, with it, you will be transacting from and to your bank account when depositing and withdrawing across online casinos, in euros, but the transaction will be processed with the aid of modern, sophisticated software and tools to speed up the processing times and make the entire procedure as effortless as possible. In just a few taps on your device, you’ll be making deposits and withdrawals left and right, so continue reading to figure out how to get started with it and start using it right away across the many German casinos that offer it.
Using Trustly Across German Online Casinos
Trustly appeared around the same time Germany banned online gambling. But, it had quite a lot of time to show its strengths from 2008 when it first launched until 2021 when online gambling finally became legal in Germany. When the market went live in Germany, players who were already using Trustly for their everyday purchases and payments across other industries, immediately started using it for deposits and withdrawals across German online casinos, too.
Now, why is that? Well, that’s because the Swedish-based Trustly AB made sure to make the solution irresistible, especially when it comes to online gambling transactions. In 2019, when the company partnered with a US startup PayWithMyBank, it went global, and its network grew significantly. Today, the solution connects 12,000 banks with their respective 650 million users and 8,300 merchants. It serves users and businesses in more than 33 countries, Germany included. With more than $42 billion in transaction volume annually, Trustly has certainly deserved its position as one of the top payment solutions in Europe and beyond. That's the reason why it has collected so many awards throughout the years and was ranked as one of the Fastest Growing European Companies by the Financial Times in 2018.
We mentioned that the company behind it made sure to cater to the gaming industry, and by that, we meant that it launched a product that would be designed specifically for gaming transactions, PayN Play. Sure, it has rolled out several other services and products users can use, like the Direct Debit product, which facilitates and speeds up direct bank transfers, so all you need to do to make use of all of them is make the decision to go with Trustly over any other method.
On that note, to start using it, you won’t even have to register an account with it. Believe it or not, all it takes is to select it as your deposit/withdrawal method at your casino and follow the cues to complete your transactions. Sure, you will need to disclose important banking information with the operator, but you can rest assured that the solution uses the latest security measures to ensure all communication is encrypted, encoded, and safe, of course. Therefore, continue reading to find out exactly what steps to take to successfully use it for your deposits and withdrawals across German online casinos.
Deposits and Withdrawals with Trustly
Here at WoO, you will find around 160 online casino sites, reviewed for your convenience, to check out and eventually join. These sites not only accept players from Germany but also offer Trustly for sure, so just check out leading brands like Tsars, Oshi and BitStarz and you’ll enjoy an all-encompassing online gambling experience at any of them.
The minute you decide on the casino to join, register your player account with it. From here, to make your first deposit with Trustly, go through the following steps:
- Log into your registered player account and search for the Cashier/Banking page.
- Look for Trustly or Pay’n Play on the list of accepted Deposit Methods and select the respective logo.
- A new window will open displaying all of the partnered banks and financial institutions in Germany.
- Select yours and then continue by entering your online banking profile to access the funds on your bank account.
- Use your savings or checking account to debit the funds from your bank account and transfer them to the casino’s bank account.
- Confirm the transfer and the funds will immediately arrive on your balance.
Since it works both ways, it means that you can use Trustly for withdrawals, as well. The casino will have to check your withdrawal request before it sends you your winnings to your bank account, but this will all go as smoothly as possible, and be done in 24 to 48 hours.
The procedure is really simple: you just find the solution’s logo on the list of accepted Withdrawal Methods and then enter your banking details and the amount you wish to cash out. After the pending period of 24 to 48 hours, if you get the casino’s approval, the funds will instantly be transferred to your bank account.
Conclusion
Trustly is certainly a payment method worth considering. It is offered in Germany, it has partnered with many German banks and financial institutions, and it is completely safe and trustworthy to use. On top of that, it allows you to make both deposits and withdrawals in your local currency, so it is also quite cost-efficient to use. No matter whether you’ve already used it or not, make sure you give it a try the next time you wish to play at an online casino.
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Casinos for Players from Germany that Offer Trustly
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FAQs
Is online gambling legal in Germany?
Yes, online gambling has been officially legal in Germany since 2012, although only sportsbetting was allowed then. In 2016, online casino gambling was legalized, too, although the market went live 5 years later, in 2021.
Are German players allowed to frequent international online casinos?
No, not really. GGL, the German regulator blocks international online casino sites, and players are advised to join only casinos that hold a license to operate in Germany if they wish to get a safe online gambling experience.
How many German online casinos accept Trustly?
There are around 160 German online casinos that accept Trustly here at WoO, but if you widen your research, you might find more. While we do make sure to add new sites to the list as soon as they get their German license, we may have missed some, so feel free to do your own research. Nevertheless, you will certainly find the right online casino to join here at WoO, as the choices at your disposal are really excellent and worth giving a shot.
Are transactions with Trustly reversible?
Yes, of course, they are. Considering this is a modern, alternative payment solution, but one that functions through the standard banking system, all transactions with it are recorded and can be reversed, assisted by Customer Support.
How do I get in touch with Trustly’s Customer Support?
You will need to visit its official website, go to the Personal Help page, and then fill out the on-site contact form to ask for help. You could also go over its FAQs page to check whether the answer to your question is there.
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