Truelayer

TrueLayer is a payment method that specialises in providing high-quality services for online casino operators. That way, it optimises the player experience, resulting in overall satisfaction. This open banking network boasts a wide range of benefits, including instant online casino deposits and withdrawals, as well as cutting-edge security.

The number of supporting casinos is constantly on the rise due to the efficient, cost-effective, and safe player experiences that TrueLayer offers.
In this review, we will talk about open banking and its impact on online gambling. Thanks to a thorough analysis from our experts, we can help you decide whether TrueLayer is the right choice for you.

What is TrueLayer?

TrueLayer is a payment method that provides financial services across various industries, from e-commerce to crypto trading and online gambling. It debuted in 2020 after Leo Vegas Mobile Gaming Group implemented this network in the UK.

TrueLayer can be used for making payments, registering new users, and providing detailed financial insights, which is why so many online casinos and gamblers choose this payment processor as their means of payment.

Truelayer can be used for online gambling

Open banking API is the technology that powers TrueLayer. Open banking represents a system that allows third-party fintech companies to get access to the banking information of their users. This infrastructure made its debut in 2018, together with the Second Payment Services Directive (PSD2).
Under this European legislation, banks are required to let authorised payment providers access their client’s financial information via APIs. As a result, payment providers can carry out secure and quick transactions.

When using TrueLayer, your bank account is linked to the payment providers, enabling faster transactions. According to available information, TrueLayer enables an increase in payment conversion of 22%.

TrueLayer Account

The best part about TrueLayer is that it doesn’t require opening an account. Since it is a B2B service, you don’t have to register with TrueLayer to use the product. However, you must have an account with one of the supporting banks beforehand.

TrueLayer will allow you to access all your banking accounts with just one connection. It is an efficient payment method, as you don’t have to log into each account separately. Just make sure you have enough funds to make online casino deposits.

Company

TrueLayer is a fintech company founded in 2016 by Francesco Simoneschi and Luca Marchinetti. It was established as part of the open banking initiative, and right from the start, the main goal was to make open banking an alternative to bank cards. TrueLayer is based in London, the capital of the UK, and has offices in Italy, Ireland, Hong Kong, and Australia.

Facts

Payment Type	Open Banking
Headquarters	London, UK
Founded	2016

FAQ

What is open banking?

Open banking represents a system that lets third-party payment providers gain access to your banking details. They can process payments by connecting to the account and checking all the required information.

Is TrueLayer safe?

Yes, it is. TrueLayer is regulated by the UK Financial Conduct Authority and adheres to European PSD2 legislation. Additionally, all TrueLayer transactions use encryption.

Are TrueLayer withdrawals instant?

They are, but only after your online casino checks and greenlights your cashout request. Typically, the pending period lasts from 12 to 48 hours.

How to Deposit with TrueLayer?

Using TrueLayer for online casino depositing is simple and easy. The first thing you need to do is to open an account at a supporting gambling site. Then, go to the Cashier page and find the Instant Bank Transfer option. Enter the amount of money you want to add to your balance, and click Deposit. From the list, choose your bank and select the account you intend to use for depositing.

You will be redirected to your e-banking interface to confirm the transaction. Use your banking details to approve the payment.

How to Withdraw with TrueLayer?

Withdrawing is equally hassle-free. The process is virtually the same, although you will visit the Withdrawal section this time. Once there, enter the sum you plan to cash out and choose Online Banking. Choose your bank and verify your bank account information. The casino will redirect you to your online banking to authenticate the account.
TrueLayer will review your banking and casino information, and after everything checks out, the funds will appear in your bank account within a few moments.

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