TrueLayer Casino List – Online Casinos With TrueLayer

Last updated: 25 May 2023

Speeding up the process of depositing and withdrawing has always been one of the top priorities among online casinos. As a result, many alternative payment methods have entered the iGaming banking scene. One of the latest innovations is open banking, and one of the leaders in this area is TrueLayer. The company offers payment services for iGaming brands, boosting conversion rates and player loyalty. Consequently, casinos with TrueLayer open banking payments are growing in number.

Some say open banking revolutionizes the way gamers deposit and cash out winnings. However, we’re sure you’re asking yourself right now what on earth is open banking, and how does it improve my online casino gameplay? Can I use TrueLayer to enjoy online poker, spin the reels of online slots, grab a seat at one of the live dealer tables, or place bets on my favorite sports?

The team at Casino Banking Methods is here to answer all your dilemmas. We’ve spent some time evaluating TrueLayer as an online casino payment option, and here’s our detailed report. Keep reading to learn if TrueLayer might become your top online casino banking method.

Top Casinos That Accept TrueLayer Payments

TrueLayer is an open banking network specializing in delivering cutting-edge services to online casino operators optimizing the player journey and overall satisfaction. The company provides several benefits, including instant deposits and instant withdrawals, and bank-grade security. As a result, several reputable online casino operators have already embraced TrueLayer to provide safe, cost-effective, and superior player experiences. Here is our selection of the best TrueLayer casino sites we’ve handpicked for you.

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Casumo

88.67%

18+ | New Customers Only | Opt-in required. 20 Bonus Spins on “Sahara Riches Cash Collect” and 100% Deposit Bonus up to £25 on first deposit. Min deposit £10. 30x wagering requirement for Bonus Spins and 30x wagering requirement for Deposit Bonus (game weighting applies). Max £5/spin or £0.50/line or £10/round (live casino). 30 days expiry. Please Gamble responsibly begambleaware.org

T&C Apply
money-bag 100% up to £25
cherry 20 Free Spins
  • Free deposits & withdrawals
  • Reel Races
  • Evolution & Playtech live dealers

18+ | New Customers Only | Opt-in required. 20 Bonus Spins on “Sahara Riches Cash Collect” and 100% Deposit Bonus up to £25 on first deposit. Min deposit £10. 30x wagering requirement for Bonus Spins and 30x wagering requirement for Deposit Bonus (game weighting applies). Max £5/spin or £0.50/line or £10/round (live casino). 30 days expiry. Please Gamble responsibly begambleaware.org

T&C Apply

LeoVegas

87.33%

spelinspektionen logo18+ | New Customers Only | Full T&Cs apply. New reg only. 18+ BeGambleAware.org. 18+ år, spela ansvarsfullt, stodlinjen.se, spelpaus.se. Läs fullständiga regler och villkor här.

T&C Apply
money-bag 100% bonus up to 1000$ + 200 FS for Canadian Players
  • Impeccable reputation
  • 240+ live dealer tables
  • Ten gaming licences

spelinspektionen logo18+ | New Customers Only | Full T&Cs apply. New reg only. 18+ BeGambleAware.org. 18+ år, spela ansvarsfullt, stodlinjen.se, spelpaus.se. Läs fullständiga regler och villkor här.

T&C Apply

Company Background

Book icon

TrueLayer is a fintech founded by Luca Martinetti and Francesco Simoneschi in 2016 as part of the open banking initiative. The company set out to take open banking mainstream, offering an alternative to bank cards. This open banking API provider is headquartered in London, but it also has offices in Milan, Dublin, Hong Kong, and Sydney.

TrueLayer delivers financial services across different industries, from e-commerce and digital payments to crypto trading and iGaming. At the end of 2020, LeoVegas Mobile Gaming Group was the first to implement TrueLayer open banking services in the UK. As a result, LeoVegas online casino started offering instant deposits and withdrawals.

Companies of all sizes can integrate TrueLayer products to power their finances. They can offer open banking payments, register new users, and get their financial insights safely and instantly. As a result, millions of clients and merchants across the globe have selected TrueLayer as their preferred digital payment processor.

The core technology powering TrueLayer products is open banking API. So, it’s time to answer this lingering question – what is open banking? Open banking is a system that enables third-party fintech to gain access to consumer banking information via API. Also known as open bank data, the infrastructure was introduced in 2018 alongside PSD2 regulation.

The Second Payment Services Directive (PSD2 ) is European legislation. It requires banks to allow authorized third-party payment providers (TPPs) to connect their services and access clients’ financial data through APIs. The new legislation opens up the financial sector. It empowers account holders to permit other regulated TPPs to process transactions and make quick and secure account-to-account transfers.

If you decide to use TrueLayer, the platform links to your bank account, fetches data directly, and facilitates instant banking. The platform also claims it ensures 22% higher payment conversion compared to other PSPs. No wonder why the platform gains traction among both casino providers and players. Consequently, the TrueLayer casino list is becoming longer.

TrueLayer Updates

  • January 2022: TrueLayer announces expansion into five more European markets. The platform is now available in Denmark, Austria, Portugal, Finland, and Belgium.
  • December 2021: Citizen Ticket, the platform offering ticket management tools to live event organizers, partners with TrueLayer.
  • December 2021: TrueLayer makes the first Open Banking VRP transaction (variable recurring payment) with NatWest. VRP is an additional Open Banking API intended to enable faster and more convenient transactions.
  • November 2021: TrueLayer welcomes the FCA’s decision to remove a three-month re-authentication that required companies to verify their clients after 90 days. The rule was a significant barrier to entry to open banking, causing issues for open banking-based providers. The latest decision further boosts the open banking growth.
  • September 2021: The company introduces a new service, Payouts, allowing iGaming operators to process withdrawals in seconds.
  • September 2021: TrueLayer’s global Open Banking Platform becomes available in Australia.
  • January 2021: TrueLayer rolls out PayDirect enabling end-to-end payment services. The brand new payment method combines one-click verification and instant deposits and withdrawals.
  • November 2022: TrueLayer Enables Coinbase Users to Deposit Instantly using Open Banking Technology.
  • January 2023: TrueLayer Launches Signup+, a Revolutionary Open Banking Onboarding Product.

Target Markets

Target icon

TrueLayer is a UK-based fintech that focuses primarily on the UK and EU markets. In January 2022, fintech grew its European footprint by adding five more countries to its portfolio. The expansion also yielded several more TrueLayer online casinos for iGaming enthusiasts across Europe.

As of January 2022, gamers from Portugal, Denmark, Finland, Belgium, and Austria can use the open banking platform to facilitate online payments. More than 25 banks in Austria implemented open banking payments, including Raiffeisen Bank and Bank Austria. At the same time, 50 financial institutions in Denmark and 18 banks from Belgium also integrated data connectivity and payments. Finally, 5 banks in Finland upgraded their offering with TrueLayer open banking services, including OP Bank and S-Pankii.

The company also improved the connectivity in the existing markets, including Spain and the Netherlands. Consequently, fintech enhanced the list of partnering banks with hundreds of new financial institutions from 16 European countries. Some of the countries where TrueLayer also operates include Germany, Sweden, France, Ireland, Norway, Lithuania, and Poland.

It’s worth noting that TrueLayer also extended its reach outside Europe. In September 2021, Europe’s leading open banking network started offering its services in Australia. The company also says it plans to enter North America and expand across the rest of Europe.

At the moment of writing this review, the company was accessible to over 95% of the banked citizens in the major European countries. Moreover, TrueLayer’s platform has processed more than 50% of all open banking volume in the UK, Ireland, and Spain.

How to Set Up a TrueLayer Account: Step by Step Guide

TrueLayer, with your consent, connects your bank account with the casino site and streamlines the registration. It instantly authenticates your account using existing details from your bank. In other words, you don’t need to go through lengthy registration procedures and remember usernames and passwords. Sounds cool, right. So, do you need to set up a TrueLayer account at all? Read on to find out.

  1. No need to create the TrueLayer account

    You don’t need to register with the platform to make TrueLayer deposits and withdrawals at online casinos. This is a B2B (business-to-business) service working with merchants, banks, and other enterprises. It means that online casinos need to contact TrueLayer to sign up with the developer platform, not you.

    TrueLayer: No Registration Required for Users
  2. Check out if your bank works with TrueLayer

    The main requirement you need to fulfill to use TrueLayer at casino sites is to have a bank account at one of the financial institutions collaborating with fintech. Visit your bank or contact them online to learn if it supports TrueLayer open banking integration.

    One of the benefits of TrueLayer is that it allows you to access all your bank accounts through a single connection. You don’t need to log into all your accounts separately. Another advantage of open banking is that it enables safe transactions more quickly than standard online banking.

    TrueLayer at Casino Sites: Bank Account Requirement and Benefits
  3. Make sure to credit your bank account in time

    As with any other online casino “adventure,” you need to make a casino deposit TrueLayer before you start playing for real. Therefore, ensure you have sufficient funds to begin placing wagers on your preferred casino games.

    Credit your bank account in time on TrueLayer

Available Currencies

Australian Dollar icon

AUD

Euro icon

EUR

British pound icon

GBP

Casino Deposits and Withdrawals

Withdrawal icon

Now that’ you’ve learned what open banking is and the benefits it provides, it’s time to focus on using this payment service at online casinos. Crediting the balance at the casino with TrueLayer is a hassle-free process. Follow our step-by-step guide on how to top up the account at casinos accepting TrueLayer deposits.

  1. Select a TrueLayer online casino from the list on this page.
  2. Log in or create an account if you don’t have one.
  3. Navigate to the casino’s banking page and look for Instant Bank Transfer.
  4. Enter the deposit amount and click “Deposit.”
  5. Select the bank from the list and pick the account you want to use to top up your casino balance.
  6. The casino will automatically redirect you to your online banking interface to authenticate the transaction.
  7. Log in using your banking credentials and confirm the payment.

TrueLayer withdrawals are as easy as making deposits. The procedure is almost identical, only this time, you need to visit the withdrawal section of the banking page.

  1. Open the cashier and go to the withdrawal section.
  2. Enter the amount you wish to cash out and select Online Banking.
  3. Find your bank on the list of available options.
  4. The casino will ask you to confirm you agree to share your bank account details via online banking to verify it.
  5. The website redirects you to your bank interface to authenticate the account.
  6. You’ll be sent back to the casino site while TrueLayer instantly compares your banking and casino IDs.
  7. TrueLayer authorizes the transaction if everything is fine and funds appear in your bank account a moment later.

Detailed Overview of Transaction Fees

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As you can already conclude, TrueLayer is an instant bank transfer. The open banking payment service works with casinos and charges its services accordingly. The pricing for the data and payments products is usage-based. The company says that open banking is much cheaper for businesses as there are no card processing costs. It even claims that the system reduces operational costs by 80% compared to bank cards.

What does this mean for you as a player? Casinos that accept TrueLayer won’t charge you for using this open banking service for deposits and withdrawals. Still, exceptions always exist, so read the casino’s T&C and visit the cashier before depositing funds.

Also, knowing that banks are part of this equation implies that fees might exist. We can’t tell exact amounts or percentages since each bank has its costs. We, therefore, recommend you visit your local bank and ask if they have any fees for handling payments with TrueLayer.

Timeframes for TrueLayer Payments at Online Casinos

Time icon

One of the main advantages of open banking is the speed of transfers. Both TrueLayer deposits and withdrawals are processed instantly. You can initiate payments and cashouts using the same method while automatically meeting the AML and KYC requirements. You don’t need to manually enter any data, like bank account number or IBAN.

When you complete the first deposit at the best TrueLayer casinos, it automatically unlocks fast payouts via the same method. The waiting time is between instant up to 2 hours. The casino uses a pre-populated payment setup that eliminates the risks of unsuccessful money transfers. All transactions are processed in real-time and are available 24/7.

Still, remember that online casinos have a withdrawal pending period that is different at each gambling site. It means that cashing out will take longer as the casino needs to check out the withdrawal request first and then release the funds. To learn the casino’s withdrawal processing time, take your time and read the T&C. That said, cashing out with TrueLayer is swift, but only after the casino approves your withdrawal request.

Deposit and Withdrawal Limits

Limits icon

TrueLayer doesn’t set minimum and maximum amounts you can transfer from your bank account to your casino balance. The same applies to casino withdrawals. However, online casinos usually have deposit and withdrawal limits. Some iGaming sites don’t curb the maximum you can cash out from the casino. It all depends on the operator’s business policy.

However, in most cases, the minimum deposit amount is €10. At the same time, the minimum you’re allowed to cash out from your casino balance usually ranges between €10 and €20. The maximum cashout at LeoVegas is, for example, €10,000 per day. We also advise you to check with your bank if they have any transaction limits.

Best TrueLayer Casino Bonus

TrueLayer is not as widespread among online casinos as other traditional payment methods. However, when you see the names of providers, you can most certainly look forward to many attractive bonus deals. Boost your gameplay with welcome bonuses awarding free spins and bonus cash. Or check out the game of the week and live casino promotions. If you can’t decide, we’ve got you covered. Here is our list of the best TrueLayer casino bonuses we’ve selected for you.

LeoVegas

Deposit

Not needed

Ongoing

10$

No maximum

68%

Casumo

Deposit

Not needed

30x

Ongoing

£10

No maximum

64%

Security

Banking security icon

Open banking is a highly secure infrastructure based on an API-first approach. The platform features bank-grade protection measures in line with European PSD2 legislation. Fintech focuses on providing high-quality connections with banks via PSD2 compliant APIs. The company continually tests APIs to ensure flawless connectivity that boosts conversions.

It’s worth noting that TrueLayer has no access to your personal or financial details. You share your login and security credentials only with your bank. Furthermore, TrueLayer initiates the transaction only after you give your payment account provider (bank or credit card issuer) permission to act. To consent, you need to authenticate access with your bank first.

The UK Financial Conduct Authority monitors TrueLayer under the Payment Services Regulations 2017 and Electronic Money Regulations 2011. Furthermore, the FCA regulates PSD2 in the UK. In other words, TrueLayer is a legit and safe payment processing platform that complies with the FCA regulations.

The company also uses AES 256bit encryption and generates three encryption keys used simultaneously to decrypt the data. Finally, fintech boasts an ISO27001 Information Security Management certificate.

Customer Support

working-hours
Working Hours

Mon-Fri: 08:00-20:00 GMT

Weekend: 08:00-20:00 GMT

comments
Chat

Yes

mobile
Phone

No

If you encounter a problem connecting to TrueLayer, reach out to the provider’s customer support. The most convenient way to communicate with them is via the live chat widget located at the bottom right of the screen. You can choose to either type in the query and visit the help center or talk to an agent.

The Support page is in the footer, but it’s dedicated to developers. However, it’s good to know that customer support works from 08:00 to 20:00 GMT and responds within 30 minutes. Customer service is available in English, French, Spanish, Portuguese, German, and Italian.

You can also check out their Twitter account, create a ticket, or submit an online form. However, remember that TrueLayer is a B2B platform, meaning all these channels are mainly for business clients. In most cases, you will need to contact your bank if you have issues with transactions.

Player Experiences

TrueLayer is a relatively new payment platform leveraging innovative open banking infrastructure. It constantly grows its footprint, aiming for global acceptance. However, the number of online casinos with TrueLayer instant transactions is still low. As a result, we couldn’t collect enough player reviews to deliver real-life casino player experiences with TrueLayer.

At the moment of writing this text, Trustpilot had less than ten reviews about TrueLayer, which isn’t enough to get a complete picture. However, the good news is that the majority was positive, giving the service five stars. What’s more, the help agent Eva replied the same day to the only negative comment posted on Trustpilot. Great job, Eva!

Extra Features

As Europe’s leading open banking network, TrueLayer offers instant banking to its partners. One of them is Revolut. Revolut uses TrueLayer’s Payments API to enable clients to connect their external bank accounts to the app and facilitate online transactions. Besides Payments API, fintech also built PayDirect and Payouts solutions, ideal for online casino and sportsbook operators.

Furthermore, TrueLayer’s portfolio provides other open banking APIs, such as Data API and Verification API. These services allow businesses to get instant access to multiple bank accounts and speed up customer onboarding by verifying their details in seconds. As a result, the leading tech company delivers top-notch products enabling convenient financial experiences for e-commerce, digital banking, crypto trading, and iGaming operators. Some of the brands using these products include Casumo, MoonPay, BitcoinPoint, and Cazoo.

Mobile Capability

android ios

TrueLayer creates both digital and mobile-first payment products. However, you don’t need to download their app to start using these services. If an online casino has its own mobile gaming app, then TrueLayer has been integrated already. It means that you can benefit from instant casino deposits and withdrawals on the go.

Interesting Facts

  • In 2021, the company surveyed 3,000+ gamers across Europe. It published a report saying that quick payments are essential for 80% of players when picking the PSP. Fintech also revealed that 1 in 4 gamers would deposit more often if they could cash out instantly. Finally, 65% of all surveyed players prefer banking methods that promote responsible gambling.

  • CITYA.M published a list of the best London-based startups to work for in 2021, compiled by recruitment platform Tempo. TrueLayer came in fourth place.

  • The leading open banking platform received $70 million in 2021, during the Series D funding led by Addition, one of the top investors.

  • In January 2021, LeoVegas Mobile Gaming Group announced the rollout of TrueLayer services across all their brands in the UK.

  • CB Insights’ Intelligence Unit named TrueLayer one of the most promising startups in 2020. The company was also listed among the top 250 privately-owned companies using tech to transform the financial ecosystem.

  • In 2020, BusinessCloud published a list of London’s top 50 tech companies, with TrueLayer ranking 8th.

  • Fintech won the Best Innovation in Payments category at the FData Awards in 2019.

  • Several reputable investors have backed up the company, enabling it to raise more than $270 million in total funding so far. TrueLayer investors include Stripe, Addition, Northzone, Tencent, Anthemis Group, and Connect Ventures.

FAQ

Yes, they are. But only after the casino verifies and approves your withdrawal request. The withdrawal pending period depends on the casino and usually lasts 12-48 hours.

The platform currently supports three currencies, GBP, EUR, and AUD.

No, you won’t. TrueLayer doesn’t charge end users but businesses that implement their products and APIs. However, keep in mind that you are using bank transfers, meaning your bank may add processing costs. Also, it’s always wise to visit the casino’s cashier section and check out the fine print before you deposit.

If you reside in the EU, UK, or Australia, yes, you can. Thousands of banks in the UK and 15 EU countries support TrueLayer connections. In September 2021, the company launched its platform in Australia.

Absolutely. The platform is regulated by the UK Financial Conduct Authority and complies with European PSD2 legislation. All transactions are protected with AES 256bit encryption with three separate encryption keys.

Open banking is a system that allows third-party payment service providers to access your bank account details with your consent. Open banking-based platforms can process payments on your behalf by automatically connecting to your bank account and verifying the data. Such an approach enables instant and safe bank transactions.

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Biljana Lukovic

Biljana Lukovic

Content Manager

Biljana is an experienced content writer who started building her career in 2004. In 2013, she began to work for a Swiss telco company, where she wrote texts for websites and created various marketing collateral. She started her iGaming “adventure” in 2020 during the pandemic and never regrated the decision she made. Biljana is a Content Manager in charge of preparing content plans for websites such as CasinoBloke.com, LiveCasino24.com and OnlineGambling24.com. One of the latest projects she’s particularly keen on is CasinoBankingMethods.com.

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