In the last ten years, the online casino industry has exploded. Consider mobile gaming: it was barely functional at the time. About half of the industry now uses their iPhones and tables to play slots and poker.
In the iGaming industry, there have been many developments. The latest craze involves a new breed of online casinos that allow you to wager without having to create an account. How did these gambling establishments become so popular? Is it really worth it?
Pay N Play Technology from Trustly
Trustly, a payment company based in Sweden, introduced a new product named Pay N Play® a few years ago. It was aimed at online businesses that were mandated by law to verify their customers’ identities. Trustly promised that Pay N Play would relieve merchants of the burden of KYC verification.
In the iGaming industry, Pay N Play seems to have found a home. The product is now supported by dozens of casinos, and thousands of players can play slots, roulette, and blackjack without having to create an account.
Pay N Play isn’t available everywhere yet because it’s a new product. In reality, it only works in a few countries, including Germany, Finland, and Sweden. These are the only countries where you don’t have to pay to play at a casino. Pay N Play could become a global commodity sooner or later as Trustly works to extend the list of supported countries.
Casinos that accept cryptocurrency
Despite the fact that Pay N Play is affiliated with Trustly, many crypto casinos follow a similar business model. Bitcoin, Ethereum, and other altcoins may be used to make payments. After that, you can play without having to create an account.
Bitcoin casinos, like Pay N Play casinos, provide you with an ID tag to use when logging into your account. This makes checking your account balance easy. It also aids customer support in identifying you and resolving any problems you may have.
Regrettably, some cryptocurrency casinos are not approved. Cryptocurrencies are decentralised and do not need government control. However, this frequently creates a confidence issue. Should you trust a casino that isn’t licenced?
Payments are made quickly.
The greatest advantage of Pay N Play casinos is that payments are processed immediately. Deposits and withdrawals will take up to seven days in the traditional banking system. Transactions at no-deposit casinos are completed in minutes.
Deposits are almost always made immediately. All you have to do is follow Trustly’s steps. To elaborate further, the e-wallet displays a list of banks that support its Pay N Play service. If you already have an account with one of the banks, you’ll need to log in to approve a deposit.
Casinos have no excuse to withhold the winnings when it comes to withdrawals. They usually keep your money until you have proof of identity and address. An identification card, driver’s licence, passport, utility bill, or bank statement are all necessary documents for the uninitiated.
Pay N Play casinos process payouts instantly because KYC verification is not needed. It makes no difference whether you win $20 or $10,000. You can cash out easily if the cashout sum is within Trustly’s limits.
When you think about it, a lot of time is lost when it comes to casino deposits and withdrawals. Consider the following scenario. It takes five minutes to create an account. You will have to wait up to thirty minutes depending on your payment method before you can begin playing.
As previously mentioned, you will not be able to withdraw funds until you have provided KYC verification documents. It takes two to four days for casinos to check the documentation on average. The process can take longer in some cases, particularly if you have low-quality images.
No-account casinos save you time by removing the need to create an account and check your personal details. If you want to play a few rounds of slots, all you have to do is show your Trustly ID name.