How Trustly Became a Popular Alternative Payment Method for Online Gambling
As technology has evolved over the years, there is no doubt that we have seen many changes in how we use the internet. The world has become increasingly reliant on the online world, and this has paved the way for lots of innovation within the space. For example, just think about the way that visual streaming services have replaced the likes of DVD rental behemoths like Blockbuster, how MP3 players have largely given way to audio streaming services like Spotify, and how online casinos have become increasingly popular over their brick-and-mortar counterparts.
Speaking of online casinos – it is safe to say that these platforms have evolved massively over the years too, with rudimentary digital versions of land-based casino games being outshone by immersive games with exciting themes, soundtracks, sound effects, and thrilling bonus rounds.
However, another thing that has changed considerably in recent years is the rise in popularity of alternative payment methods, and these have been important additions to online casinos too. In this post, we’ll look at what alternative payment methods are, why they make so much sense to online gamblers, and how the likes of Trustly have become so popular compared to other payment methods.
Understanding the Rise of Alternative Payment Methods
There’s no doubt that the digital world has changed a lot in recent years. These days, there are certain standards that online users expect and even demand from the services they use. For example, consumers now expect to receive faster transactions than ever before with increased security and convenience.
Considering the above, it’s no surprise that alternative payment methods have become so popular. This isn’t to say that traditional payment methods, such as debit card transactions, are no longer relevant. However, several alternative payment methods offer benefits that their traditional counterparts simply don’t.
Alternative Payment Methods and the Online Gambling Industry
When it comes to the online gambling industry, there has always been a push for innovation, and this can be seen in modern games, dedicated apps, flashy platforms, and more. In truth, alternative payment methods make a lot of sense to online gamblers because they provide fast transactions to and from platforms, increased security, and a layer of data protection that provides peace of mind.
The Benefits of Trustly
A great example of a successful alternative payment method is Trustly, which is a digital payment provider that allows users to make bank-independent payments. In recent years, there has been a huge rise in gambling with Trustly online and for several good reasons, including the following:
- Convenient Payments: Users link their bank account to the service and can then make easy payments without the need to enter lots of financial details each time.
- Fast Transfers: Payments are processed instantly, which means users spend less time on boring things and more time doing what they enjoy.
- Lower Fees: Unlike some payment methods, Trustly doesn’t charge a fee when payments are made. Furthermore, merchant fees are often less when using the service too.
- Increased Security: Trustly users benefit from modern security features, which help to keep their funds safe. It’s important to note that this is on top of the bank’s security too, so there is additional protection.
Other Popular Payment Methods for Online Gambling
Of course, one of the benefits of the modern online world is that we have so many choices as consumers – and this is certainly the case when it comes to payment methods. Below are a few of the other alternative payment methods you can expect to find when gambling online:
Digital wallets, such as PayPal, Skrill, and Neteller have become increasingly popular in recent years because they provide fast transactions, increased security, and convenience. These are perhaps Trustly’s biggest competitors because they offer similar services, but there appears to be room for them all in the market. Which one you choose to use will simply come down to preference.
Prepaid cards work on a pay-as-you-go basis, with users topping up the cards before use. They can then enter the card details into merchant websites to make payments, and this is one such option at many online casinos. Some of the benefits of this include no requirements for a bank account, fewer details to enter, and increased privacy. They can also help with budgeting because, once the balance has been used, the user will need to top it up again before making further deposits.
Cryptocurrencies have also become popular in recent years and are now finding their way into the online gambling world. They provide fast transfers, low fees, increased security, and an extra layer of data protection that provides peace of mind. Some casinos have even made themselves crypto-only platforms, which has helped them cater to customers all over the world through a universal currency.