You will need to complete a Know Your Customer (KYC) process before you can make regular deposits and withdrawals at a mobile betting site. This page explains what the process involves.
Why Do I Need to Complete a KYC?
There are four distinct reasons why mobile bookies need you to complete a KYC process:
- To combat money laundering.
- To stamp out fraud.
- To prevent corruption.
- To ensure they are not used in the financing of terrorism.
It is annoying when you just want to place a bet, but the best mobile bookies make it quick and easy, and you only have to do it once. It is standard procedure for all licensed sports betting operators, so you should actually be encouraged to see a KYC demand.
How Do I Complete a KYC Process?
You will be asked to upload documents that prove your identity and address to complete the KYC process. It is often required at the end of the registration procedure, but sometimes it comes before your first withdrawal.
You will need to provide a scan of official photo ID. It must be government-issued, such as a driver’s license, a state ID card, or a passport.
You will also be asked for documentation that proves your address. The best option is a recent utility bill.
Some sportsbooks also ask for a bank statement or a copy of the credit card you plan to use for deposits, provided that is a method you would like to use.
You should be able to upload these documents quickly and easily at a secure online portal. The best mobile bookies check the documents quickly, and then give you approval, meaning you can make a deposit and start betting within just a few minutes.
