Trustly is a Swedish fintech and online payment service set up in 2008 that offer its solutions directly to the e-commerce industry, and processes payments through the two other fintech companies PayPal and Skrill.
Trustly is mainly an option for forex traders in Europe, as it is regulated by the Swedish Financial Supervisory Authority. For the time being, it is not possible to make payments with Trustly outside of the EU/EEA countries. A great thing about the service is that users don’t need to register in order to use Trustly’s payment service – it can simply be used just as a payment processing option without having an account with them. Another benefit from the perspective of forex brokers is that a Trustly transaction is irreversible, thus reducing the risk for the broker of not getting paid.