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Online Casinos in general: Big loss at two casinos and KYC request

Topic created on 22nd Oct. 2019 | Page: 1 of 1 | Answers: 6 | Views: 2,098
xtcbx10
Unfortunately, it got me and I couldn't stop.
Lost about 7,000 euros each at two casinos this month. The loss is covered, meaning I can pay it, even though it is very painful. In addition, at a third casino I have won back almost half of the loss.

I have received a KYC request from both casinos where I suffered the loss and actually see no reason to answer it. The casinos get their money or have received it (direct transfer and credit card) and payout is not pending, just the opposite.

Do I have, apart from an account block about which I am not unhappy, to expect other consequences if I ignore the KYC request?

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Kleinkariert
Expert
You have nothing to worry about except an account suspension, which is usually only temporary until you answer the KYC.

Otherwise, be careful where you play, especially not with the same group (a group can operate several casinos). Online the money can flutter away so quickly, of course it can also bang but quite honestly with higher payouts you have to expect online at most casinos with significant resistance. If it comes through then you have to pay attention to the reporting requirements and some banks (in some regions) pay particular attention to where the money comes from and there you get meanwhile really afraid to win.

The best solution is therefore either not play at all or so well regulated that it does not hurt too much. Completely under control you bring it in the long run only rarely.

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peba67
Rookie
what is a KYC request?

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Quippie
Amateur
peba67 wrote on 10/23/2019 00:21: what is a KYC - request?

Is a statement of assets, so to speak. Where the money comes from and how the gambling is financed.

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Kleinkariert
Expert
peba67 wrote on 10/23/2019 00:21: what is a KYC - request?

The normal verification. Mostly passport, account statement/screenshot from e.g. Skrill (depending on what you use). Additionally, proof of address is requested (e.g. utility bill or proof of registration).

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Christoph
Experienced

peba67 wrote on 10/23/2019 00:21: what is a KYC - request?

KYC ultimately means nothing more than Know-Your-Customer and is perhaps better known as Verification in online casinos. Exact details can be found in one of our guides on this:


https://www.gamblejoe.com/ratgeber/auszahlung-verifizierung/

@xtcbx10: Actually, there should be no further problems (except for the possible account suspension). Most Online Casinos then send out reminders on a regular basis. I had ignored them at a casino once 6 months, nothing further happened. I could even continue to log in at that time, but the Deposit was no longer possible. It depends a little on the online casinos. From which OCs have you received KYC requests?

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Karuen00
Amateur
I also had to do was very tedious

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