Trustly – Advantages and Disadvantages

In 2008, Trustly has become an option for online payments in Sweden. Over the years, it has turned into an international service available in almost 50 countries in six continents.

So, how does it fare against other online payment services? We have used its app and online platform, and noticed both advantages and disadvantages to speak of:

  • Connects banks and the merchants directly
  • It’s available in many banks worldwide
  • Use it to pay and play online
  • It isn’t available in every shop or site though
  • It requires you to login to your bank every time

All in all, it meets the expectations of an average user. Available across countries, platforms and devices, this business makes online payments easy and safe.

Trustly Online Payments: Advantages

There have been many examples of progressive Swedish innovations over the years, but is Trustly one of the special ones? It certainly has more advantages than disadvantages, so it’s up to you to decide.

Directly Connects Banks and Businesses

The principle of Trustly’s online payments is focused on connection. It’s the intermediary between your bank and the business or another bank that you pay to.

This covers both payments on e-shops, paying for services or money transfers to your friends (P2P payments). Thus, users can enjoy quick and safe transactions whatever it is they’re paying for.

Available in Most Major Banks Around the World

Trustly has spread like wildfire over the few years it’s been in business. Since direct banking online is their main selling point, getting the banks to accept their services was crucial.

As a result, customers can use this platform to pay with bank cards issued by the most notable banks worldwide. This includes many local banks as well, so your bank card should work with Trustly just fine.

Allows Online Shopping, Gaming and Financing

There are many ways you can use this service too. It’s basically as flexible as using a bank card by paying directly.

This includes e-commerce, online shops, online games and online casinos for gambling. You can also pay loans, debts, donate money or transfer funds to another bank card. In short, it’s as flexible as payment methods get.

Trustly Online Payments: Disadvantages

Despite all these pros, there are also a few downsides to consider. These won’t matter much if you’re going to use Trustly only as an additional way to pay online.

However, if you want to use it as your main online banking service, you should consider these things:

Not Available with Every Merchant

Although most banks accept Trustly, not all e-shops or sites do. After all, this service isn’t popular enough to be accepted universally.

This can lead to inconveniences where you can’t pay for something you thought you could. Thus, you’ll have to switch to other payment methods or check each site and its accepted payments in advance.

Bank Login Required Every Time

For security reasons, Trustly doesn’t save your bank login details when playing online.

There are two sides to this:

On one hand, this added layer of security is a good thing. One the other hand, there are better alternatives. You can make online transactions just as safe without having to enter your banking details every time.

Thus, it makes this service not as fast as it could potentially be. And time is something that has a huge value these days, especially if you’re paying on the go.

Trustly in a Nutshell

When it comes to online payments, there are many companies and services that can do the job for you. The problem is in choosing the most efficient one.

Trustly is a decent choice, albeit an imperfect one. It certainly works as an additional method. If you want to use it for everything, though, its usefulness depends on what you pay for online on a regular basis.

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