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Signing up for an online casino has historically been a pain. You have to fill out a long form, verify your identity, and wait for the information to process.
After that, you have to make a deposit using either a debit or credit card. There are sometimes other options as well, but all these options have one thing in common: they take forever. Nobody wants to sign up for an online casino or card room and then wait to play. You also have to undergo the KYC process, which can cause problems for players who want to scratch their gambling itch without the wait.
Luckily, new payment methods have come out that allows you to sign up immediately and begin to play within minutes. These methods aren’t fly-by-night operations, either. Legitimate institutions that you can trust are in charge of these methods.
Trustly and Bank ID casinos are taking European online gambling by storm. Here’s what you need to know about using a Pay N’ Play casino and the process of signing up for their services.
Pay n’ play was the first product on the market that streamlined the registration process for online casinos. The premise is simple: play your favourite games quicker by making a deposit through your bank account instead of a debit or credit card.
Trustly connects to your bank account for ease of sign-up. Since your information is already filled out, you don’t have to worry about filling out another form to play on a website.
Generally, the transfer of funds to an online casino only takes a few minutes. Afterward, you have full access to the casino of your choosing as long as they are in Trustly’s Pay N’ Play network. Withdrawals happen as fast as deposits, meaning that you can get your money immediately instead of waiting weeks or months.
Pay N’ Play is the combination of three Trustly services combined into one exciting opportunity for gamblers. To understand how the system works, we first need to discuss Trustly: who they are and what they provide to consumers.
Before the rise of bank accounts, customers made payments in cash. Transactions were easy and didn’t require customers to fill out long forms. There were no delays; you paid for something and got what you wanted right away.That’s not the case anymore. Now our money gets deposited into a bank account. Customers use their bank account to go online and shop for products all over the world. For these transactions, they often have to use bank cards and give their personal information each time they make a purchase.
Every time you give your information to a website online, it’s dangerous. Someone could intercept that information and use it to either take your money or identity. Transactions aren’t as easy and safe as they used to be when you’d slide 20 quid across a counter and get what you wanted.
Furthermore, debit and credit card transactions increase the cost of goods. These cards represent middlemen that charge companies a transaction fee. Businesses pass those transaction fees on to the consumer by raising the price of their goods. Imagine if you didn’t have to pay those fees though.This new type of payment system requires new solutions. Trustly began in 2008 with the mission of simplifying online transactions. From their humble beginnings in Sweden, they now operate in 29 European countries and process over two million transactions a month.
The company is an authorized payment institution supervised by the Swedish Financial Supervisory Authority. They have the permission of the EU to provide payment services across Europe. They’re a trustworthy and experienced company to do business with.
Trustly is directly connected to BankId, a service that makes Pay N’ Play possible. Let’s look at what BankId is and how it helps to protect your money.
BankID protects your bank account from this by assigning you a separate identification number for access to your account. The service assigns you an E-ID number and a security code. To verify your identity, you must input both.
Combined with Trustly’s services, Pay N’ Play provides a safe way to skip over registration at online sites. You can also deposit and withdraw money right away since the Pay N’ Play service verifies your identity.
The process for signing up to a site is easy. First, you pick a Pay N’ Play casino to play at. Then, you’ll log into your bank account through Trustly’s iframe and verify your identity. Once your deposit goes through, you’re registered and able to start playing immediately.
Once you’re ready to cash out, you’ll click on the withdraw option, which takes you to the Trustly casino direct bank transfer screen. Choose an amount to withdraw and the money goes into your bank account in a matter of moments.
There are two models that online casinos can choose from when integrating Pay N’ Play. The first is a pure integration, in which Pay N’ Play is the only payment processor the site uses. A lot of new companies decide to go this route because of the ease of setup.
Trustly does most of the hard work for the casino. They handle the registration and payment processes. All the online casino has to do is set up their games and let the gamblers come to them. Since many gamblers prefer Pay N’ Play, they seek out these casinos, meaning that advertising costs are lower as well.
There’s also a hybrid model, which most of the existing casinos are now switching too. Casinos that want to maximize profits need to offer their customers as many ways to deposit and withdraw funds as possible. There’s no reason not to diversify their offerings. With Pay N’ Play, they become able to deliver faster payouts and deposits without having to change the way they do business.
The downside to the hybrid model is that there isn’t a “resume playing” button. Players must either make a new deposit to play or log in using a username or password. With the pure model, the player doesn’t need to do this.
First, it’s easy to find a casino and begin gambling in a matter of minutes. The hardest part about the process is having to select a company. From there, you deposit money and start gambling within ten minutes. It’s the fastest way to go online and gamble.You also don’t have to register for every site. Once you register with Trustly, you’re done. They transfer the information to the casino for you in the background as you make your deposit.
From a safety aspect, players can trust the casinos that use Trustly. Pay N’ Play isn’t going to associate themselves with casinos that aren’t registered and legal. They also allow you to get your funds immediately, so you don’t have to worry about long payouts that might never come.
There are a few disadvantages of Pay N Play as your preferred deposit method. You do have to give up your bank information to Trustly. Some people don’t like giving this information up to a third-party vendor. With that said, Swedish authorities regulate Trustly, and they’re in 29 European countries. They also process over two million transactions a month, and that number continues to grow.
The size and reach of Trustly make this method safer than giving the same information up to a casino that doesn’t use the program. Trustly doesn’t store your bank account information longer than it takes to register you for the casino and transfer your winnings back into your account. We haven’t heard of any problems for people that use the service, but if we do we’ll keep you informed.