Know Your Customer

The KYC verification process may differ based on several factors. However, there is a common list of documents that gambling websites request from their players.

Proof of ID

To authenticate your name, age, and nationality, the gambling sites may ask for copies of your driving license, National ID, Social Insurance Number, or Passport.

You can make the verification process quick and smooth by ensuring that the documents you submit are clearly visible with nothing hidden or damaged. Besides, your passport and driver’s license must have dates that are valid.

Proof of Address

Casinos and betting sites may also ask you to provide proof of your current address. This is done as some online casinos and betting sites are prohibited in certain regions, and some clever folks may use VPN to bypass that restriction.

You can gamble at those sites using a VPN, but you won’t be able to make withdrawals without the KYC attestation. With that being said, for authentication, you must submit utility bills, credit card statements, and bank statements that contain your full name and address.

In this case though, the documents you send must not be older than 3 months from the date for verification. Otherwise, the casino will take longer to process payments from your account.

Proof of Payment Methods

The third most important KYC endorsement document that the casino will ask from you is the payment method of your choice to carry out financial transactions. There are plenty of ways to execute gambling transactions, and the most common ones are bank transfers, internet banking, e-wallets, and cryptocurrency.

In saying so, each transaction method requires a different approach for verification. For example, to verify your bank card (credit or debit card), you have to display the first 6 digits and the last 4 digits of the card, your full name, and the expiry date.

This is optional, but some casinos may ask you to show the CVC code at the back of your card along with your signature. On the other hand, you can just provide a screenshot of your internet banking statement to show your full name, account number, and bank.

It is the same with e-wallets and cryptocurrencies. Just show your name, account ID, and the payment method of your choice.

If you think KYC is a bothersome rule that is getting in the way of your sovereign gambling habits, think again! By law, all online gambling companies in Canada are bound to authenticate the personal and financial information of their players.

For legislative requirements and competitive advantage in the gambling market, casinos and sports betting sites must maintain the following KYC standards:

• Provide their players with a reliable, safe, and user-friendly gaming and betting platform.
• Be in compliance with updated legislation regarding customer management and financial transactions.
  
• Maintain and protect gambler account records.
  

National Legislation

However, it gets complicated for online casinos and sports betting sites when players sign up from different countries offshore. Even if they register from another country, the gamblers must still obey the KYC rules of Canada if they are playing at a casino registered under the Canadian gambling authority.

As a result, even when the online gambling platform is listed under a lenient jurisdiction elsewhere, national laws apply for KYC. For that reason, it is important for international players to make notes of the gambling administration of Canada.

Convenience of Players

Sometimes, gamblers use multiple accounts with multiple casinos located in various parts of the world. In that case, they have to undergo a KYC verification for all of their accounts. Typically, a casino will only let a player play from one account that includes one home address, IP address, phone number, email, and bank account.

First-time online gamblers may even find going through the KYC verification process a big hassle. Some players also find it impossible to trust online casinos and betting sites with their personal information.

Considering all these points, legitimate online gambling websites will always explain in their FAQ section why KYC is required for players to withdraw money from their accounts. In addition, live chat, email, and phone numbers are always available on the site to help gamblers understand the different terms and conditions of the gambling site.

Depending on the features offered by various casinos, some may even have an operator who guides the gambler through the KYC verification process. The operators help the individual check whether the documents were properly uploaded or not. They will also inform you about the status of your KYC authentication.