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Open Banking PSPTier-5

Trustly

Open Banking PSP headquartered in Stockholm, Sweden. EU + Nordic countries. Irrevocable transfers, A2A payments, SEPA compliance

4.1(4.1/5 Trustpilot)
Stockholm, Sweden Visit website

Overview

Trustly is a Swedish open banking payment service provider headquartered in Stockholm. Founded in 2008, Trustly pioneered account-to-account (A2A) payments through open banking, enabling consumers to pay directly from their bank accounts without cards or e-wallets.

Trustly's platform operates across the EU and Nordic countries, providing direct bank transfers that are irrevocable — meaning transactions cannot be charged back. This is a significant advantage for iGaming operators, as chargebacks are a major cost in the gambling industry. The platform supports SEPA Instant and complies with eIDAS regulations.

Trustly provides gaming platform connectors and has become a preferred payment method for European-licensed iGaming operators who want to offer fast, irrevocable bank transfers with no chargeback risk. Its open banking-native approach eliminates the need for card processing infrastructure.

Features & Capabilities

Account-to-Account Payments

Trustly's A2A payment model allows consumers to pay directly from their bank accounts through open banking, without the need for cards or e-wallets. This reduces transaction costs and eliminates card network fees.

Irrevocable Transfers

Trustly's bank transfers are irrevocable — transactions cannot be charged back. This is a major advantage for iGaming operators, as chargebacks represent a significant cost in the gambling industry.

SEPA Instant Compliance

The platform supports SEPA Instant payments, enabling real-time bank transfers across the Eurozone. This provides near-instant deposit capabilities for players in EU markets.

Open Banking Native

Trustly is built natively on open banking infrastructure, complying with eIDAS and PSD2 regulations. This gives it a regulatory advantage in European markets where open banking is well-established.

Notable Features

Irrevocable transfers, A2A payments, SEPA compliance

Pros & Cons

Pros

  • Irrevocable bank transfers — no chargeback risk
  • Account-to-account payments eliminate card network fees
  • SEPA Instant support for real-time EU deposits
  • Open banking-native with eIDAS and PSD2 compliance
  • Gaming platform connectors for iGaming operators

Cons

  • Limited to EU and Nordic countries — not global
  • Requires players to have online banking access
  • Not suitable for markets where open banking is not established
  • Trustpilot rating of 4.1/5 reflects some consumer experience issues

Frequently Asked Questions

Key Facts

TypeOpen Banking PSP
TierTier-5
Founded2008
HeadquartersStockholm, Sweden
CoverageEU + Nordic countries
Trustpilot4.1/5

Specialties

Direct Bank TransfereIDASSEPA Instant

Integration Depth

Open banking-native, No chargebacks

Gaming Platforms

Gaming platform connectors

Visit Trustly