TrustPay

How does it work?

• The first step is to create an account with TrustPay.
• After that, you need to complete the system’s verification process.
• Next, you can fund that account using your bank account or fund it with your online sales, provided that it is TrustPay that processes your e-commerce payments.
• If the payment is successful, you will be automatically notified.

Advantages of Using TrustPay

As an online payment facility, TrustPay has a lot of things to offer to its users.

Benefits for merchants:

• Charge credit cards with ease from your online store.
• Low risk of chargebacks due to secure and anti-fraud measures.
• Known brand in Europe; has been in operation for eight years.
• Accept not just credit card payments but also other methods.

Benefits for consumers:

• Secure payment system;
• Convenient and reliable;
• No need for a credit or debit card;
• Has a language and currency conversion feature;
• Simple shopping experience.

TrustPay is not like PayPal, so do not mistake it for a peer-to-peer payment processing system. It is primarily a payment system to bridge the gap between entrepreneurs and consumers.

How to Deposit Money on TrustPay

Here are the different methods for adding funds to your TrustPay account.

• Bank – add your bank account and move money from your bank to your TrustPay account: it supports more than 35 banks.
• PayPal – send money from your PayPal account to your TrustPay account.
• Card – find your account with Visa, Mastercard, or Union.

The other methods to fund it is via sales. You have to use TrustPay as your e-commerce processor to charge your customer’s credit cards, and the payments will be disbursed to your TrustPay account.

How to Withdraw Money from TrustPay

Right now, the only way to withdraw funds from your TrustPay account is though the TrustPay debit card. It is a Mastercard whose available funds are based on your online TrustPay balance.

To get this, you have to go through what the company calls KYC or “know your customer” process. It is the equivalent of identity verification, and you would have to go on a video call with the company. This has to be done whether you are a customer or an entrepreneur. Once the KYC is complete, your debit card will be processed and sent to you.

Is TrustPay Safe?

Yes, it is safe. It is owned by several banks, and it is duly licensed in the EU. It has a PCI DSS Level 1 Certification, which means that its systems are compliant with government regulatory requirements. It is licensed and regulated by the Bank of Slovakia.

Online, it is accepted in more than 100,000 online stores, including online casinos that are also highly strict when it comes to deposit and withdrawal methods. Speaking of casinos, online gaming operators typically accept TrustPay as a deposit method but not as a withdrawal method.

Summary

TrustPay is a payment processor that has been around for many years. It is primarily used as a payment gateway system for merchants so that they can accept online payments from customers. TrustPay operates mainly in Europe, so it is not available in many other countries.

The system is safe, the company is licensed, and it is regulated by a bank in Slovakia. TrustPay is a great funding source for gaming activities and for shopping, but withdrawal options are limited to its own brand of debit card issued by Mastercard.