What is Pay N Play?
Born in late 2015, Pay N Play is a revolutionary concept from Trustly, a Swedish fintech company, that was first implemented at Ninja Casino in Sweden in 2016. Witnessing an exponential surge in popularity within the iGaming market since its inception, Pay N Play has become a staple in the portfolio of virtually every major operator by May 2020.
Trustly, known for providing instant banking services in collaboration with global banks, is no stranger to frequent casino players. It serves as a convenient payment method that allows players to deposit at a casino directly from their bank account and similarly, withdraw their winnings in a direct and efficient manner.
The Relationship of Trustly and BankID in Pay N Play Casinos
To facilitate transactions, players employ their BankID to authenticate a Trustly transaction. This paved the way for the integration of technology and systems capable of transferring identification data directly to the casino, creating the foundation for Pay N Play.
As a player initiates a deposit, they are redirected to their regular online banking page to log in with their credentials. Simultaneously, Trustly retrieves the necessary KYC (Know Your Customer) information from the player’s bank account. This data is then securely encrypted and sent over to the casino operator. The casino, in response, sets up an account in the background, permitting the player to dive straight into the games lobby.
Availability of Pay N Play
However, it’s crucial to note that for Trustly to handle the complete data stream, it must be certified as a legal verification authority in the respective country. Consequently, Pay N Play is currently operational only in Sweden, Finland, and Germany. More countries are on the brink of introducing this system, with the United Kingdom having been slated to join the list by the end of 2020.
Pay N Play represents a transformative shift in the online casino world, rendering time-consuming registration processes and document verifications obsolete. It serves to provide players with a seamless, efficient, and instant gaming experience, revolutionizing the industry’s traditional approach to online gaming.