Casino Account Verification Procedure
Casino account verification is a major part of the whole casino experience. Simply put, you will not be able to withdraw funds before the casino confirms your identity. This is just standard practice and there’s nothing bad in it – it’s done to keep both you and the casino safe.
Moreover, online casinos are required by licensing bodies to verify player accounts prior to processing withdrawals for security reasons. Players may feel that this is a hassle, but the verification procedure is essential to verify sensitive info. Details such as players’ age, identity, nationality, and the fact that they are the true holders of the credit/debit cards or e-Wallet account they are using for deposits and withdrawals must be confirmed.
This is to ensure that the payouts reach the right person.
As part of the verification procedure, players have to scan or take photos of the following documents and either send them to the online casino through email or upload them on their gaming account pages:
- Latest utility bills, not more than three months old
- Bank account statements
- Screenshots of e-Wallet accounts
- Fronts/backs of credit/debit cards
- Government-issued photo IDs such as driver’s license, passport, and so on.
If you feel uncomfortable about sending copies of your credit/debit cards, you can always blur out some of the digits of your credit card number and the entire CVC number on the back of the card. The online casino will not process payout requests until and unless your account is verified.
Withdrawal Time Frame
As soon as you make a payout request, it enters a “pending” state, during which you are free to reverse your requests. During the pending state, the online casino verifies player accounts. This takes one or two days or more if players haven’t sent the supporting documents.
The online casino takes another day or two to actually process payouts. It then credits the payouts to players’ preferred payout method. The time taken for your winnings to appear in your account depends on the preferred payout method. While e-Wallet withdrawals are instant, wire transfers may take up to a week.
Why Is ID Verification Important?
According to the UK Gambling Commission, ID verification in online casinos is pivotal for three chief reasons:
- To ensure responsible gambling.
- To prevent problem gambling.
- Confirming it is truly you.
Usually, persons under the age of 18 are not allowed to gamble online. The rule applies to both real-money games and demo mode titles. To access any casino game online, an individual needs to be at least 18. In some countries and regions, you need to be 21. So, be acquainted with the gambling-related laws in your country before attempting to gamble. Confirm your age to activate your account.
Problem Gambling & Self-Exclusion
Problem gambling is a serious issue that can never be overlooked. Gambling can be addictive, and casinos do all in their power to hinder it. In some cases, players ask directly for help. In turn, the operator deactivates the client’s account by request. That way, the person cannot gamble anymore, or for a certain period of time.
However, some persons attempt to gamble after self-exclusion by creating a new casino account. As soon as the casino notices they have self-excluded, it’ll take reasonable steps and not activate their account. Here’s a list of anti-gambling software and self-exclusion services.
Confirming Identity
One of the most common reasons for checking your identity before a withdrawal has to do with scams. To avoid someone else withdrawing money from your account, confirm it is really you.
It does take a couple of minutes, but it is better to stay safe than sorry. Under the rules of the UGKC, casinos have to be able to identify if one person holds multiple accounts. This is not allowed in online gaming. Such persons cannot withdraw without sending any documents.
Factors to Consider When Cashing Out
Money withdrawals at online casinos are fairly easy to understand. However, players may encounter some limitations that may cause confusion. Here are the main elements of online casino withdrawals to consider before you start a money cashout.
Processing Time
Processing time refers to the time it takes for the payment service to process your money and transfer it to the location you stated. Traditional payments take it very slow – from 3 to 5 business days. However, modern options are much faster. E-wallets take a couple of hours up to a couple of days, while crypto payments take a few hours tops. Processing time is a massive factor that affects the choice of online casino banking.
Transaction Fees
Fees are not very common and definitely not tied to every payment service. However, there are many methods that do incur fees – transfer fees, storage fees, withdrawal fees, currency conversion fees, and a great deal of hidden fees. That is why it’s important to check with the service provider the existence of costs to avoid being surprised by massive fees later.
Withdrawal Limits
Some casinos do not limit players, but withdrawal limits are a very natural part of the casino offer, as they are built-in restrictions. It’s best not to avoid casinos with limits, but pick sites with high limits for daily/weekly/monthly withdrawals. Some venues tend to increase this in case you enter the VIP club. Lump sums are also a solid solution for jackpot win payouts.
Bonus Rollover
Wagering Requirements (Rollover, Playthrough) are limits for players with bonuses. Wagering requirements refers to how many times you must wager the deposit + bonus sum to get to withdraw winnings. Failure to fulfill rollover results in bonus voidance. Be very cautious of the wagering req before claiming a bonus. The withdrawal might cost you an arm and a leg. Truth be told, some bonuses come rollover-free, but these are scarce.
Data Security
Online casinos are organized entities that have to perform safety checks regularly. And although online casinos with no verification withdrawals appear convenient and time-efficient, they usually lack professionalism and security. When sending documents to casinos, you’re proving your identity and preventing a third party from abusing your data. Simply put, licensed and regulated operators have to ask for your documents to allow withdrawals.
