Topic: Can you pass stakes proof of income verfiication? (Read 441 times)

I am not a high roller so I guess I won't be included in this one.
But I am kind of curious about those who will need to fill this up. Will there really be a problem since there must be a source of where the money is coming from?
About the deposit from the other gambling site. This is something else, I think it can be explained as to why you are transferring it to them.
One good reason that I could think of is the lack of availability of the games you like on the old platform that you are using.
Showing proof of it might help. I mean, who doesn't like new customers?

I don't really understand why your income should be of any concern to the casino. Doesn't a casino only allow you to Gamble with the money you deposited at the casino first? So as long as the casino doesn't provide credit for the gambler the financial situation should be no real concern for the casino. Requiring KYC is one thing and verifying your address by showing utility bills is fine. But providing documents that show your salary is something different. So far no casino has requested to show that details and I am not sure how I would respond to the request. Hopefully this is not going to be another trend in the gambling industry where many casino will follow and make it mandatory. And what if you are in between jobs, will you then not be allowed to gamble anymore? Even if you have a lot of money in your bank account?

Maybe they don't know whether they can pass income verification because many play crypto gambling to find fun. And we really have to be able to play using the money we can afford to control everything properly. And to verify that, if we've only been playing with small money all this time, it's likely that the casinos won't mind either because we're not gamblers playing with big money. But indeed, we must be prepared if the casino asks or asks us to verify our income. But let's hope we won't be asked to do so.

Here a bank statement of money received from any medium is required for account verification.  But first of all I do not support it and I will not give my bank statement to any gambling site.  Because if these documents are sold in places like Darkweb.  My bank account may attacked by a powerful hackers .  But if I go to a trusted site to gamble and have a large fund deposited there, then if they don't allow me to withdraw that fund without proof of income, then I will be forced to do so.  So I'm not sure if I'll do it or not it depends on the casino's reliability

And yet many of us here picked that they are not sure if we can pass the proof of income verification there are a lot of options and you only need to pass one but if you have spent a lot of money and you can not back it up with documents they allow then that's the time that you will be in trouble so its best to always play with money that you can back up not only money that you can afford to lose.

All documents must be issued within the last 6 months and need to be in Latin international format

if all of your income comes from the bounty campaign it will be denied and you will fail the verification.

the poll is to check if real gamblers can pass the proof of income at stake and other casino's
here is the requirements:
https://help.stake.com/en/articles/5328395-acceptable-documents-for-source-of-funds
winning funds from another casino is not acceptable

A Gift from a family member or close relative ( You will need to send us a donor's letter explaining the reason for the gift and the source of their wealth. Also, we will require certified identification documents from donor )

I had other works offline apart from the forum. I am receiving decent salary from my offline job. So I feel it’s enough to enroll in bank account. When the account is salary account, they won’t investigate your salary account because you get certain amount every month. And you will hold certain part of salary to use on gambling. Playing gambling will allow to earn more.

I'm afraid I won't pass this proof of income verification. I'm living on savings. If I provide proofs of my weekly salary it might not be accepted as well since it is not in the form of bank statement indicating receipt of my salary. I don't have a payslip, either.

This is exactly the same thing that I am having a hard time whenever the bank asks for an update on my account. I cannot provide them official documents that support my money.

the poll is to check if real gamblers can pass the proof of income at stake and other casino's
here is the requirements:
https://help.stake.com/en/articles/5328395-acceptable-documents-for-source-of-funds
winning funds from another casino is not acceptable

I'm not sure what Stake's income verification requirements are, but I assume that most people would be able to pass them.  They aren't there to try and scare players away.  They're there to make sure the casino can still continue operating legally.  I'm sure a couple of paycheck stubs or bank account screenshots would probably do the trick, but who knows.  Nowadays some places want multiple years of tax returns and proof of residence.  As others have stated though, this is for the big boys with a lot to gamble.  I don't think they're harassing users who bet a few dollars a week for the fun of it.

That's a relief for signature participants. Those who earn from other campaigns or some who are just trading may just have some problems with this. But like usual, they may just ask for the source of funds for those high rollers.

They're not asking just the KYC this time. Stake asking all these means other casinos will also do. Only the DEXes don't require documents.

That means the casino where you won those funds will ask for the source of funds from you. Maybe Stake will consider it if you show it to them.

Salary ( You will need to send us a recent bank statement indicating receipt of your salary or the original of your payslip )
Sale of property ( You will need to send us a copy of the contract of sale and a bank statement showing the proceeds of the sale )

I do the same and I also play with deposited money of my own but since stake is well known to have whales at VIP levels IV which have wagered a huge amount for these persons sure they need KYC and proof of income as it is natural for any entity,in this case stake casino to have doubts that maybe money laundering is taking place through their website and they don't want to have legal problems with the law because of such happenings.

Most likely these whales always have a solid proof of income verification which entitles them to keep playing there at these high levels,some wager more than 100.000 dollars daily there so for this it is an absolute necessity to have proof of income.

If I understand correctly, the OP meant who managed to provide documents about their income in accordance with the list. which have been verified by stake. For example, I don't have such a need since I play on stake.com only by what I get from the signature campaign.

If I understand correctly, the OP meant who managed to provide documents about their income in accordance with the list. which have been verified by stake. For example, I don't have such a need since I play on stake.com only by what I get from the signature campaign.

the poll is to check if real gamblers can pass the proof of income at stake and other casino's
here is the requirements:
https://help.stake.com/en/articles/5328395-acceptable-documents-for-source-of-funds
winning funds from another casino is not acceptable

I am not a high roller so I guess I won't be included in this one.
But I am kind of curious about those who will need to fill this up. Will there really be a problem since there must be a source of where the money is coming from?
About the deposit from the other gambling site. This is something else, I think it can be explained as to why you are transferring it to them.
One good reason that I could think of is the lack of availability of the games you like on the old platform that you are using.
Showing proof of it might help. I mean, who doesn't like new customers?

....
I can't find anywhere on the written requirements that funds from another casino is not accepted. I think this fall under the variation of lottery winnings where you need to send a copy of the source of fund you used in betting or wagering before you win the amount.

There's an buy and order history recorded on your account, some exchanges also count the profit and loss in USD at that time too. But if your exchanges doesn't have it, at least they can show which date you bought the coin, which time it's, how much it's.

Like I said before, you can see when you bought your coins, of course since there's a site who record Bitcoin price when it's still less than $1,000/BTC, they can know if you're genuine bought Bitcoin at the cheap price and hold it until the price skyrocketed.

someone takes 100$ from his bank account and starts to day trade for many months, then that person takes the profit from the day trade and starts to place sports bets in the casino then, the casino asks that person to provide proof of income, how will that person provide proof of income if this person earns money day trading?

this also applies to a person who takes 100$ from the bank account, buys bitcoin at the price of 100$ and does hodl and then manages to turn the 100$ into 66000$, then sells it and buys it again at 15000$, leaving many bitcoins, and then start playing at the online casino and when the online casino asks you for proof of income how will that person provide proof of income?

winning funds from another casino is not acceptable

Well, if you use your signature income for gambling, you should be covered... because every Signature campaign has some spreadsheet to show the deposits. You just have to show some proof of your ownership of the Bitcoin address where the funds are paid into (Signed Bitcoin address)

I am lucky, because I have an original Pay slip and I can provide a new pay slip for every month... even though none of my salary are going into gambling.    (It just pays for my other expenses, so that I can use my extra income for some gambling)

winning funds from another casino is not acceptable

I don't think you need ALL, they just need to match whether the funds you deposited were properly supported by whatever document you presented and if it fits I guess you're all fine. It'd be a problem if say you deposit $100 but only sent documented proof of getting $50. I reckon most would probably put up Salary in as proof anw (I reckon Sig campaign rewards would be included there instead?), so it'd probably be pretty easy for most to provide proofs if they wanted.

But come on, if I have to provide all the documentation to be able to bet at Stake, they're not going to see me there, with all the options there are where you can deposit, bet and that's it.

I can't access the site, I get an error message, but as far as I can see it's the same requirement that the banks make. It's like WTF that they won't serve you funds won at another casino. I guess it's all AML policy. But come on, if I have to provide all the documentation to be able to bet at Stake, they're not going to see me there, with all the options there are where you can deposit, bet and that's it.

Acceptable documents for source of funds

 
Written by Marko
Updated over a week ago
Please note that the compliance team reserves the rights to request any document they might need.

You can use one of the following documents to verify your source of funds:

Salary ( You will need to send us a recent bank statement indicating receipt of your salary or original of your payslip )

Sales of shared or other investments / liquidation of investment portfolio / bonds ( You will need to send us a bank statement clearly showing receipt of funds and investment company name or interest on bonds received )

Sale of property ( You will need to send us a copy of the contract of sale and a bank statement showing the proceeds of the sale )

Inheritance ( You will need to send us a copy of the deceased's will, and a bank statement showing the received funds, along with your current balance )

Company sale ( You will need to send us a letter detailing company sale signed by a licensed solicitor or regulated accountant on letter-headed paper )

A Gift from a family member or close relative ( You will need to send us a donor's letter explaining the reason for the gift and the source of their wealth. Also, we will require certified identification documents from donor )

Winning the Lottery ( You will need to send us a receipt of winnings and documentation e.g. bank statement showing the origin of the funds initially deposited )

Divorce settlement ( You will need to send us a divorce settlement agreement and bank statement clearly showing receipt of funds )

Loan ( You will need to send us an executed copy of the loan agreement and a bank statement showing the received funds along with your current balance )

Mining ( You will need to send us a ledger of the amount of cryptocurrency mined, as well as a wallet address and transaction hash to which the mined cryptocurrency was delivered )

Your source of funds document must meet the following requirements:
Please upload an original photo or a PDF file of the documents, screenshots will not be accepted
All documents must be issued within the last 6 months and need to be in Latin international format
Shows your full name and address
Shows the name of issuing entity and date of issue
The whole sheet of paper is visible in the photo

winning funds from another casino is not acceptable