We have heard of no deposit casinos, but have you ever heard of or considered the possibility of there being no-registration casinos? Unrealistic as it may seem, a no-registration casino is now actually possible, thanks to the revolutionary payment system from Trustly, Pay N Play.
What is Pay N Play?
Pay N Play is an online payment system from Trustly – the payments provider that has been making waves with its innovative offerings since 2008 when it entered this space – that guarantees quick and hassle free registration and withdrawals to players at online casinos. This method has been an instant hit among players because when you do want to make a deposit its best to use one of these ultra-secure options.
Despite growing into a multi-billion dollar business, the two areas where the online casino industry has consistently caused nightmares to players are registration and withdrawals. The only grouse about the registration process has been that it is too lengthy at most casinos. The withdrawal process has been a different story altogether, though: it has been an annoyance because of the lengthy withdrawal times thanks to a detailed and much-required KYC process. This is where Pay N Play make a huge difference.
What Does Pay N Play Do?
So what does Pay N Play do? The tagline says it all – it allows you to ‘play without delay’. The Pay N Play system makes use of existing gateways and processes to simplify and speed up the registration and withdrawal process at an online casino.
It combines the registration and payments process, as simple as that! Players no longer have to go through a lengthy registration process, play the games they like for real money and then go through an even longer and bothersome withdrawal process.
How Pay N Play Works
With Pay N Play you can register an account, get the KYC process done, play your favorite games and then request payouts and receive them in quick time. This is how the process works:
Visit your favorite online casino.
Click the Play Now button.
Select your bank to start the deposit process.
Log in to your bank with your online banking credentials and complete the deposit process.
This triggers back-end communication between Pay N Play, the bank you are logged in to and the casino. Your KYC details are collected from your bank automatically. This is done in a highly secure environment using the credentials that you used to log in with, so it is totally safe.
At the end of this process you are registered with the casino and your account created. Because it is done directly with your bank there is no need for further verification and vetting of your details.
Once the registration process is complete you can start playing. All of this happens almost instantly, in real time.
When it is time to cash out your winnings, click the Withdraw button in the Cashier section.
Enter the withdrawal amount and click Withdraw.
The money gets withdrawn instantly out to the bank account where your deposit originated.
Where is Pay N Play Available Currently?
Trustly’s strategy for Pay N Play has been to focus extensively on the European market first. The system was first introduced in Sweden, and currently it is also available in Germany and Finland, with Denmark likely to be the next market it would penetrate. This was of course inevitable, given that Trusty operates with a license from the Finansinspektionen (Swedish Financial Supervisory Authority).
While it was officially launched in 2018, the announcement about its impending release was done almost a year earlier in 2017. The official debut of this payment option was at Ninja Casino, which is operated by SafeEnt Limited.
Today more than 55 casino brands are using this payment method, including brands like Spela Casino, Thrills Casino and Rolla Casino. Another casino where you find this system currently is Snapbare casino, which is a multi-platform casino operating with software from providers like NetEnt, Microgaming and quite a few others.
Pay N Play Models for Operators
There are currently 2 different kinds of Pay N Pay models for operators: Pure and Hybrid.
This model is the best fit for new online casino brands or an existing brand that is being re-branded. The following are the features of this model:
Trustly is the sole provider for registration and payment solutions at the casino.
All the player needs to do to play is make a deposit.
Should a player leave the site and come back the balance from the earlier visit is instantly available. All they have to do is verify their account through the bank.
Withdrawals are instant and delivered directly to the players account.
No additional information is required for processing withdrawals.
This model works best for operators that are looking to enrich and enhance their existing casino brands. The following are the features of this model:
Trustly is not the sole registration and payment methods; it is one of the many that the casino offers.
The ability to resume playing once a player leaves the casino and comes back is not available in this feature.
When they return, players need to log in. They can do this one of the following 2 ways:
Make a deposit through Trustly.
Enter a username and password.
Players would need to access their bank account through the Trustly iFrame to withdraw funds.
Pay N Play Benefits
Pay N Play offers benefits to both player and operator. For players there are numerous benefits:
The log in process is simplified and he doesn’t need separate username and password credentials; his bank account log in credentials are enough.
The entire KYC process is taken care of, along with the registration and other vital aspects of casino registration, at one go.
The entire process is fast and secure. There is no wait period for deposits to hit your account or for withdrawals to be processed.
The money reaches the player’s bank account directly, and instantaneously. This is the single biggest advantage, as it means you no longer have to wait days, weeks or in some cases even months to receive money that you have rightfully earned.
It saves the players the hassle of messy and annoying exchanges with the casino’s support team over delayed payments.
Players may not get deposit bonuses when they use this method, but the overall benefits far outweigh that one little detail.
There are benefits for the operator as well:
They are able to provide an extremely speedy withdrawal solution to players while staying compliant with all the licensing requirements, including KYC data collection and verification.
They are guaranteed a spike in the average monthly deposit volumes per player. A study in a few countries where Pay N Play is used showed an 82% increase in monthly deposits per player.
The ratio of deposits to withdrawals still operates in favor of deposits; this means operators are assured that their volumes will not go down as a result of the instant withdrawals that Pay N Play ensures. A study based on the average volumes of 3 operators in 2018 September showed the ratio of deposits to withdrawals to be at 128%.
Operators are assured of a definite increase in the number of players who sign up. This is a given because Pay N Play has been able to successfully solve that one issue that has been a thorn in the side of every online casino player until now – delayed withdrawals. Casinos that have deployed Pay N Play are actually showing a growth of more than 124% in new player acquisition during the first 7 months.