I see this topic crop up time and time again and it baffles me every time. Although I agree many casinos these days have very detailed, and sometimes obscure, KYC checks, it is to keep within the law. Just a quick Google search will tell you how many casinos in recent months have been handed heavy fines for not doing enough.
But that’s not normally the complaint. The complaint is because this tends to happen at withdrawal stage – this is what baffles me. If you had to do these same checks upon depositing instead of withdrawing, then what is the difference? The only difference is, a large % of customers won’t ever have to submit themselves through these painful checks as they won’t ever withdraw. And for those that do end up withdrawing, the outcome is exactly the same as if you were to do these checks when you deposited?
I know for me, I much prefer these checks to take place at the withdrawal stage, because quite frankly, I couldn’t be arsed to undertake these checks every time I sign up to a new casino – what a ballache! At least if I’m lucky enough to win then I’m more motivated to go through these checks on withdrawal.
