Trustly NO
Country: Norway (NO) | Payment Rail: open_banking
OnlineBanking
Market Adoption: 5%
Trustly is a premier open banking account-to-account payment method in Norway, featuring BankID-authenticated direct bank transfers without cards and widely used for cross-border e-commerce, digital entertainment, and high-value payments.
š User Payment Flow
- Customer selects Trustly at checkout and chooses their Norwegian bank (DNB, Nordea, SpareBank 1, Danske Bank)
- Customer logs in securely using Norwegian BankID or BankID pƄ mobil
- Customer selects checking account and authorizes transfer
- Funds are cleared instantly via open banking API and customer returns to merchant store
āļø Characteristics & Settlement
| Instant Payment | YES |
| Supports QR | NO |
| Supports Recurring | YES |
| Supports Refund | YES |
š ļø Merchant Integration Steps
- Merchant initiates Trustly payment order via PSP (Stripe, Adyen)
- Trustly handles bank login interface and initiates instant SEPA/domestic credit transfer
- Merchant receives instant settlement notification and ships product
š Supported Payment Gateways & Acquirers (PSPs)
š Stripeš Adyen