What are no account casinos? They are interactive gaming platforms that let users play real money casino games without first going through a lengthy registration process. Players that desire instant action will find these gambling sites a breath of fresh air as they make the whole experience hassle-free, maximizing the most valuable commodity of all – time.
In the past, operators focused on providing robust gaming options. However, as time went on, they figured out that perfecting the user experience is even more important to attaining customers. Veterans and newbies alike crave simplicity. As much as 24% of gamblers quit during sign-up and even more leave forever when going through mandatory anti-money laundering procedures. Thus, instant casinos seem like a sensible iGaming option.
Trustly’s Pay N Play System
Trustly is a Stockholm-based fintech company that began its operations in 2008. It runs an open banking payment system that allows users to shop from their online bank account without an app/card. Over half a billion customers have access to this service, and Trustly works with over 8,000 merchants.
It is also the inventor of Pay N Play which is the engine behind instant or no account casinos, allowing access to gaming libraries for real money play without sign-up. All that interested parties have to do is click a Play Now button on the online casino of their choosing to get in. Once they do so, a window will prompt them to enter their BankID. That is a digital identifier that ties in with users’ online bank accounts.
The EFTA Surveillance Authority investigated this technology and deemed it an efficient electronic ID solution that can substantially contribute to the digitalization of money transfers. Sweden’s Financial Supervisory Authority oversees Trustly’s operations, and under the Payment Services Directive, the service has a European Payment Services Provider license.
What Is KYC & Why Is It Necessary?
KYC stands for Know Your Customer, or sometimes Know Your Client. These two terms are interchangeable, and different entities choose to use one or the other. KYC is an essential element in the governments’ fight against money laundering and the financing of terrorism. It is a mandatory identifying process in which clients must prove their identity when opening an account or periodically. In simple terms, company’s that process financial information must make sure that their customers are who they claim to be.
KYC process at online casinos usually involves ID card identification and proof of address, such as a recent utility bill. Some gambling operators may require players to go through an even more substantial KYC procedure if they try to withdrawal a large sum. Thus, going through these steps can be tedious and time-consuming. Trustly’s Pay N Play circumvents this by automatically supplying the operator with player information through their online bank account. Trustly account holders provide this data once through their online bank account, and whenever they click the Play Now button, KYC compliance occurs automatically in the background.
Pure & Hybrid Models
Two Pay N Play models exist, pure and hybrid. The first is the system discussed above. A user’s BankID facilitates the instant play option by creating an unseen auto-generated account in the background. All players have to do is input their BankID and make a deposit. They can walk away from their gaming session and return at another time to continue playing, with their casino balance intact.
The hybrid model aims to bring the best of both worlds. It allows Pay N Play to co-exist alongside regular payment and registration methods. However, the price users pay for this is they do not have the resume playing option available in the pure model. Meaning, every time they enter their BankID, they will have to deposit money to get in on gaming action.
How to Find a Reliable No Account Casino?
In essence, no account casinos do not differ substantially from standard ones. When on the prowl for one, iGaming enthusiasts should look for a gaming license from a credible regulator, adequate encryption (SSL 128-bit), decent UX design, mobile compatibility, and a proven track record with few online player complaints. Note that since Pay N Play is a Trustly system, at pure no account casinos, that will be the only payment method on offer.
It is best to check review sites that provide in-depth analysis of gambling platforms to see if the site you are considering fulfills the criteria mentioned above. Alternatively, consulting message boards and social media pages is also a good idea.
