The ever-changing online betting environment has over the years improved with bookmakers providing more advanced online platforms for its customers. This approach has assisted in reducing fraudsters preying on innocent users and protection of sensitive information used on their platforms.
Additionally, bookies are required by law to provide to separate accounts one for its daily activities and the other for you the customer. This has helped keep our money safe from financially troubled betting firms and this has helped greatly helped to protect punters money.
The online betting business has come a long way. From the ubiquitous betting shops to the comfort of your home using smart phones that have made deposits and withdrawals easy. We have also seen increased number of new features in the betting market and firms working hard to provide these features and help them keep or attract new punters.
KYC is the short-form for Know Your Customer verification process. This feature helps in identifying the person joining their platform and if you are underage the system will automatically deny you access during verification.
This system has helped keep a tight leash on suspicious punters and also people using same details on accounts to open multiple accounts when claiming welcome bonuses. This control further helps the bookmaker to comply with the set rules and regulations on underage gambling, therefore saving companies millions used in paying law suits.
The verification process has been made faster and easy for new customers joining a betting platform to get verified in minutes. This process is done through your phone so no need of filling long forms to get verified by the bookmaker, we get register in simple steps and a verification code is sent through email or SMS.
What You Will Need to Register with a Bookmaker
The registration steps vary for different bookmakers but the common requirements are usually the following:
- National ID card number with some asking for photos for both the front and back.
- Armed forces ID
- Driving license may be used
- Email address
- Mobile phone number that will be used to send the SMS
- Bank account number
Bookmakers have developed different registration methods whereby we get to choose between partial and full registration. The partial registration is done later own when a punter has managed to obtain the necessary documentations.
Verification on bank details may need verification among other methods you may wish to use when making transactions using both Credit cards and E-wallets. Therefore we should be conscious when giving out such sensitive details.
How Long Does It Take to get that Verification Notification
The verification process takes minutes if you have used honest details when registering the system updates and sends notification within seconds. Nowadays bookmakers are slowly moving from the working days only verification process and use computerized system algorithms that ensure a new punter has access 24/ 7.
Unlike humans who tend to be emotional at times, computers programs using KYC software are more reliable and work to better the verification process. Therefore the processing time varies depending on the online betting provider and other external factors that affect the firm.
Is it Possible to Withdraw Money without Performing the KYC?
This question has puzzled money especially punters who opted for the partial registration process and avoiding the full registration process. First of all we should understand that partial and full registration are still part of KYC and this also means the bookmaker that conducted the process identifies you has one of its subscribers’.
Therefore we cannot avoid KYC verification since it’s done in the initial stages to create an account for you that is unique from the next registered customer. Therefore to answer this question on withdrawals without KYC, it is impossible since everything is documented nowadays and you can’t run from the Government set regulations.
Only if you are verified is when you can be able to get that withdrawal amount but if there is any complication, it is advisable to first contact customer care and if they are unresponsive on the matter, take it up with the police.
Bookmaker KYC Verification Tips
- When joining a betting platform – use honest details to avoid being denied services due to breach of contract, also pay close attention to what kind of information they are asking you to give since there are some fraudsters disguised as bookmakers and we should avoid giving out bank pins/ credit card details.
- Never start depositing without getting confirmation on registration. Never be too quick to make that deposit hoping to get that offer within the given time period, don’t be fooled by quick welcome offers before you are verified and given a notification by KYC
- Don’t give out credit card details. Bookmakers only require the account number in order to debit your account through bank transfers and they will never ask for credit card information or bank pins.
- Use the same registration details used at the start. Sometimes we tend to forget our pins and passwords that enable us to login into our accounts. Therefore KYC verification also stores this information and is used to generate a new pin/ password for you. If the details are wrong the system may not generate a new link that is usually sent via email to reset your account password.
- Provide updated contacts. When a person wins a large sum of money in betting, we get a chance to receive a call from the managing director of the firm informing you of the win this may prove difficult if you lost a contact number and failed to update to a new contact or email address. With bookmakers providing strict time frames on claiming of winnings we can loss the already won bet due to longer process in identifying your account as the winner.
- Avoid telling people your pin or account details. Money changes people, it’s always advisable to keep sensitive information between you and the provider to avoid theft.
