Why KYC is compulsory in Online Casinos ?
Why Online Casinos ask for Personal Documents:
As an online gambler, at some point you have to deal with a casino KYC process. KYC stands for “Know Your Customer”. It’s a process to all regulated operators (all who are licensed, genuine and offer real money gambling) are required to carry out. Its an betterment and safety for the client and operator both.
Also, gambling sites ask for Bank Name Details, ID, and other documents:
Because of safe withdrawal and age verification. When a KYC process is initiated you cannot withdraw funds to and from your player account until you’re fully verified.
Why do casinos ask for ID/proof of age (KYC)?
Answer: Casinos ask for proof of age and ID to prevent underage gambling, and to protect against ID theft, ensuring that none of their patrons are playing under a false name.
Why do casinos ask for pictures and/or screenshots of credit cards and/or payment methods (KYC)?
Answer: A casino will from time to time ask for proof of ownership when it comes to specific payment methods used. This is done to avoid having one person play with another person’s credit or debit card, or even online e-wallets such as Neteller, Skrill, and other payment methods.
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