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Trustly in Latvian Casinos
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Lativa offers a completely legal online gambling scene, however, only licensed online casinos are allowed to cater to Latvian players. Across those licensed sites, players have the opportunity to use Trustly, one of the best alternative payment solutions for smooth and safe deposits and withdrawals in euros. The solution has been around in the online gambling industry long enough for players to trust it with their money, as this open-banking solution has proved over and over again that it is the ideal method to use for online casino deposits and withdrawals. If you’re interested in learning more about it, and you’re thinking of using it yourself, make sure you continue reading to find out all about it. What is Trustly and why decide to use it as your payment method across Latvian online casinos?
Online Gambling Regulation in Latvia
Ever since Latvia was no longer a part of the USSR, where all forms of gambling were banned, gambling has been an activity many could enjoy within its borders. Actually, the first land-based casino in the country opened right after Latvia left the USSR, but there was no legal framework at the time that regulated the industry. The law that started legally allowing gambling in the country was introduced in 1998, the Law on Gambling and Lotteries. The Lotteries and Gambling Supervision Inspection was put in charge of licensing, supervising, and overseeing operators who received a license to open their brick-and-mortar casino establishments.
As of 2006, online gambling is also legal in Latvia. The state-owned Latvijas Loto is the only operator given the right to offer online lottery, bingo, and keno, while other licensed operators can offer online casino games. However, there are not that many licensed casino operators; only a dozen actually. Unlicensed operators are blocked, and only licensed sites can legally cater to Latvian players. However, as the case is in many countries with similar blocks, smaller platforms that target Latvian players without a license are still accessible, reports say.
What all of this means for you as a Latvian player is that you can, actually, join any online casino that you get access to. If the country hasn’t managed to block it and you join it, you won’t be prosecuted since you’re legally allowed to gamble online. Of course, it is better for you to join licensed sites, to receive the proper player protection the authorities can offer to you. So, make sure you join a site that has successfully obtained a license from the Lotteries and Gambling Supervision Inspection, to enjoy a safe and fair online gambling experience.
The good news is, that these properly licensed sites offer the same world-class experience you would get across offshore online casino sites. You will get to play industry-leading games, delivered by giants on the scene, names like Yggdrasil, Games Global, and Evolution, to name a few. You will get to try out games from different verticals, like video poker, slots, Live Casino, and instant win titles, so you won't have any issues with the game choices at your disposal.
What you should focus on, therefore, is finding a convenient method to use for your deposits and withdrawals. Luckily, we have some more good news for you: most, if not all, licensed Latvian online casinos offer Trustly. This is an ideal alternative solution to use for online gambling purposes. It is an open-banking solution that has been around for almost two decades, successfully catering to online casino operators and players alike. With it, you can transact in your local currency, the euro, and enjoy transactions that are completed in seconds. What’s more, you can use it via any desktop or mobile device, so as long as you've picked out the casino to join that accepts it, you can start using it right away. In fact, follow our lead as in the following section we'll tell you a bit about its history and instruct you on how to get started with it, to start using it for your deposits and withdrawals across Latvian online casinos.
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Using Trustly Across Latvian Online Casinos
Trustly is a product designed by a Swedish company, Trustly AB. Initially, its scope was European markets, and seeing how successful it proved in Europe, in just a few years after its launch, it went global. Today, with its groundbreaking growth guarantee, it redefines payments. When in 2012, it partnered with the US-based PayWithMyBank, it reached global levels and hasn’t stopped surprising users with innovative solutions and products ever since.
Today, it connects over 8,300 merchants, 12,000 banks, and more than 650 million international users. Its network is huge, and its transaction volume per year crosses $42 billion. That’s the reason why it is ranked among the world’s top 250 FinTech companies. In 2018, even the Financial Times gave it the ultimate recognition, ranking it as one of the Fastest Growing European Companies.
And while it has been around the online gambling industry since the minute it premiered, it was when it launched its Pay N Play product that its popularity grew even further among players and operators alike. This product, designed with gamers in mind, facilitated the way online casino deposits and withdrawals can be made. Of course, as a player, you can always use its Direct Debit product, too, which makes direct bank transfers way more effortless than usual, so all you have to do is decide to start using it.
As soon as you do, you will be pleased to know that you won’t need to register any separate accounts to get started with it. Believe it or not, the solution is THAT simple and effortless to use. As said, you just need to decide that you wish to use it, and then select it as your payment method at your chosen online casino. Of course, you would need to share some banking details with the operator to complete your transactions, but you can rest assured that the solution is bullet-proof-safe and you won’t need to worry about the safety of your data. All transactions you make with it will be duly encrypted and encoded, so you can put your trust in it completely.
Therefore, if you're ready, let's go over the depositing and withdrawing steps together in the next section so that you know exactly what to do from the minute you select it as your payment method. Follow our lead.
Deposits and Withdrawals with Trustly
While we mentioned that there aren’t that many online casinos that have been properly licensed to offer their gaming content to Latvian players, believe it or not, you will find around 200 sites that cater to Latvian players and offer Trustly. Your choices will be endless, basically, so your first task is to sit down and start exploring potential casino candidates. BetSafe, Challenge Casino, and Spinnalot are just some options.
Once you narrow down your list to a few candidates, carefully check their game selections, and the minute you decide on the one site to join, register your player account with it. To fund your registered player account with Trustly, go through these easy steps:
- Enter your player account and look for the Payment Methods/Cashier page.
- Find Trustly/Pay N Play’s logo on the list of accepted Deposit Methods and press it.
- As soon as the new window opens, a list of partnered banks for Latvia will appear; select the one you have an account with.
- Access your online banking profile using your credentials as you normally do.
- Select the account you wish to use to complete the transfer and set the amount you wish to deposit.
- Confirm, and the funds will immediately arrive on your casino balance.
Considering this is a solution that facilitates transfers from and to a bank account, you can easily use it for cashouts, as well.
You would need to go through a similar but easier procedure, as all you'd need to do once you select it as your Withdrawal Method is provide the needed banking information. You would also need to select the amount of money you'd want to cash out from your balance. The casino will check whether you've claimed some bonuses and met the corresponding wagering requirements, but as long as you get the green light, meaning the approval, the funds you requested will reach your respective bank account instantly. The pending period from the minute you make your withdrawal request to the minute the money arrives in your bank account will be 24 to 48 hours, as that's how long operators take to approve or deny a request.
Conclusion
Trustly is, without a doubt, a convenient payment method to use, one that has received the recognition it deserves, especially from the online gambling industry. It is a useful, easy-to-use, and above all, safe, solution to use for deposits and withdrawals, and as if that wasn't enough, it is also greatly available across online casino sites that cater to Latvian players. So, do not hesitate to give it a go, since no registration is needed, to see how much you'd enjoy its service.
FAQs
Is online gambling legal in Latvia?
Yes, online gambling has been legal in Latvia since 2006. The country has previously been offering a legal land-based gambling scene since 1998, and it was among the first countries to introduce online gambling as soon as the activity went online.
As a Latvian player, will I get penalized for joining an unlicensed online casino?
You won’t, but you are advised to join online casinos properly licensed by the regulator. The authorities try to block unlicensed online casino sites, but those sites that still cater to Latvian players and you get access to, you are free to join without worrying about getting penalized. We have found no records of Latvian players getting punished for joining unlicensed online casinos so far.
Will I find Trustly across many Latvian online casinos?
Yes, you most certainly will. The solution is offered across more than 200 sites listed here at WoO, reviewed for your convenience in detail so that you can simply skim through our lists and reviews and select the site you'd want to join.
Who do I get in touch with in case I have an issue with my Trustly deposit?
You can, of course, first, get in touch with your chosen casino's Support team, but if they cannot give you a solution to your issue, you can always contact Trustly’s Support agents. They are available via an on-site contact form. Once you fill out an order and send it, the agents will contact you with the answer you need. You can, also, check out its FAQs page on the official website, to see whether you can find an answer to your question on your own.
Is it possible to cancel a transaction I made with Trustly?
Given the fact your transactions with it go directly from and to your bank account, you should be able to cancel one, in theory. All transactions you're making with it are duly marked and recorded on your bank statement, so you should not have any issues to cancel a transaction.
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