| Payment type |
Online banking |
|---|---|
| Channel | Online |
| Register of Region | SE |
| Support of Region | Netherlands, Finland, Estonia, United Kingdom, Norway, Sweden, Lithuania, Denmark, Latvia, Spain, Austria, Germany |
| Settlement currency | CZK, DKK, EUR, GBP, NOK, SEK |
| Payment Cost |
Pay Platform Details
Trustly is a payment method that acts as a bridge between online merchants and consumers by making payments directly from the user's bank account. Unlike traditional payment gateways, Trustly does not require a credit card or e-wallet, allowing users to complete transactions directly from their bank accounts.
How does Trustly work?
Trustly is very simple to use, making it an attractive payment solution for both merchants and consumers. When making a purchase, users select Trustly as a payment method and the platform securely connects to their online bank. Trustly then processes the payment in real time, transferring funds directly from the user's bank account to the merchant.
Why do merchants and consumers use Trustly?
Merchants favor Trustly because of its enhanced security measures, coverage of a wide range of European banks, and instant settlement. From a consumer perspective, Trustly's appeal lies in its convenience, with payments made without the need for a credit card. Direct bank transfers and the platform's reputation for reliability and security have further boosted its popularity among users.
How it works
- Mobile
#1
Costumer selects their bank from the list
#2
Shopper selects the account they will be paying from
#3
Shopper verifies their identity (system depends on country, example: Mobile Bank ID- Sweden)
#4
Shopper reviews transaction details
#5
Shopper confirms payment in Trustly app
#6
Shopper opens Mobile Bank ID to approve transaction
#7
Payment completed and shopper is redirected to merchant's website
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