What is casino verification and why is it needed?

What is casino verification and why is it needed?

What online sites and casinos need to know about you

Every person who has entered a casino, or especially plays online, should be familiar with the verification process, which is also called KYC, which is an abbreviation of Know Your Customer, or, in a literal translation in Bulgarian, "know the customer are". This is an unavoidable process when it comes to financial transfer.

Verification is required by betting sites and online casinos as proof of the person's real existence. The data that is required is most often a bank account or bank card from which money is deposited and to which funds are withdrawn from the site, an address, an identity card or other identity document that confirms that the cardholder and the registered user are the same person.

Until the verification process is completed, it is impossible to deposit or withdraw funds from your account. If you refuse to provide the required KYC details, your rights will be immediately suspended and the account will be deleted. If you have funds in it at this time, they will be lost, as well as any bonuses that the site or casino offers you.

Casinos require verification to prove your identity, your age, which must be over 18 at least for Bulgaria. An address, bank account and bank card, whether credit or debit, or the methods by which you can deposit money are also required. If you play at more than one casino or bet at more than one site, you need to go through this process at each one.

KYC is required so that you can also receive adequate assistance in case of need. This happens through direct communication with an employee of the site or casino through live chat, video chat and even a phone call. For this purpose, the person on the other side must be aware of who they are talking to.

Most online betting sites require verification by posting one of your IDs. This can be an identity card, driver's license and even an international passport. The process usually takes between 1 and 3 days, depending on the site you want to register with.

If you decide to change your payment method or other details over time, you may need to go through at least a partial verification process again to reconfirm your identity.

The purpose of this whole procedure is to prove that you are not under the legal age for betting in the given country, and that you are not playing under a false name. Therefore, an ID card is also required, which also shows your address. It is needed by the casino or site to guarantee the customer or player the necessary services and communication in case it is needed. And proof of origin of the credit or debit card is necessary to avoid paying on behalf of another person, or depositing from someone else's bank card. In practice, online casinos and betting sites try to reduce fraud related to the theft of money through bank cards, money laundering, etc.

Obviously, the verification process can be annoying and inconvenient, but it's a must when you want to play. It is extremely important, especially at times when you are earning money and want to download a certain word. KYC is also used as a prevention for identity theft, which is the most important.