How Gambling companies can get more users to deposit. - page 11.

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform

Quote from: rozak on July 15, 2022, 07:36:03 AM

Quote from: KTChampions on July 15, 2022, 07:22:12 AM

I wonder why I always hear about problems with the KYC when a player wants to withdraw his winnings, but I have never heard "the casino did not accept my money until I passed the KYC"? Roll Eyes

Everyone understands that the long passage of the KYC (if it is successful at all) for many casinos is just an excuse to detain/keep the player's money. I don't think this is normal.

other reasons that may be given by the casino or notified by the rules when we create an account before playing. Casinos often say they need KYC to avoid money laundering attempts using their casinos.
Even before making a withdrawal, most casinos provide rules for making a few bets first, before being able to make a withdrawal.
as long as the casino keeps paying the winnings and letting us make withdrawals. I think KYC is not difficult for casino members to do.

Just because you can do something easily doesn't mean you want to do it. And if we are talking about a situation where a person can deposit money without KYC and play for it, but he cannot withdraw the winnings, then it is obvious that the point here is not in the fight against money laundering, but in the casino's attempt to delay payments. I prefer to do without KYC although I understand that if I ever reach high limits I will have to pass it.

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: Apocollapse on July 16, 2022, 05:33:23 AM

Quote from: Daltonik on July 16, 2022, 04:12:58 AM

The passage of mandatory KYC in the event of a conditionally large win by a player, here, it seems to me, on the one hand, the occurrence of circumstances of difficulties for withdrawing funds for the player himself, but on the other hand, it is also the responsibility of the casino for AML. But whatever it was, in fact, all these restrictions raise doubts for making a decision to make a deposit or not.

I don't think it's the reason why many people don't want to make a deposit because honestly speaking, most of users didn't even read the whole TOS and just register new account. If there's no such thing aside username, email and password to create new accounts, they will make a deposit after completing that.

Mandatory KYC and withdrawal problem mostly occur when they already make a deposit, not before deposit.

Most of the gamblers and I can say including me rarely read the TOS since I consider it the same with others also I don't have any intention to play intensively or even deposit a large amount of money on casino because I'm also aware about this issue as well scamming. If KYC immediately ask upon signing up for sure players will lose their interest since it creates bad impression not unless if the casino already establish a good reputation.

ScamViruS

hero member

Activity: 1876

Merit: 721

Top Crypto Casino

Quote from: Apocollapse on July 16, 2022, 05:33:23 AM

I don't think it's the reason why many people don't want to make a deposit because honestly speaking, most of users didn't even read the whole TOS and just register new account. If there's no such thing aside username, email and password to create new accounts, they will make a deposit after completing that.

Mandatory KYC and withdrawal problem mostly occur when they already make a deposit, not before deposit.

This is indeed true. Most gamblers agree to the TOS without reading when signing up with a casino. As a result, those gamblers face problems later on, which could have been avoided earlier. This is a really bad habit, and changing this habit is important to avoid facing big problems. Sometimes it is seen that many players after completing the deposit find out that kyc is mandatory on that website! But this situation can be avoided by reading the TOS before creating an account on that website.

Saint-loup

legendary

Activity: 2604

Merit: 2353

Quote from: fiulpro on July 13, 2022, 11:48:00 AM

This post is based on the article published on the source: Source

The source explores how around 49% of the users would deposit more money based on better withdrawal options. Apparently, the survey conducted by US firms explored various areas that stands really important for people.

The key import things in there were :
1. Choice
2. Experience
3. Privacy
4. Preference

They explored a new idea where having a player, having a traffic doesn't necessarily mean that the site got a new player, they generally didn't account it for until and unless they have made a ' Deposit '

Which necessarily improved when the Gambling platforms had more withdrawal options, things Like: PayPal, Debit Card, Online Gambling, Cash app, Gift card etc. Having the freedom of having so many options improved the players willing to deposit money by almost 49%!!

This is certainly something that the Gambling companies do have to look into since this will go long way, thus changes needs to be made, What do you think, how important this option is for you?

As expected Paypal is the favorite option and the second one is Debit card. I think gamblers favor those two options because if anything goes wrong with the casino they can initiate a dispute at the PayPal resolution center or file a chargeback at their credit card issuer and can get few other insurances against scams with their debit cards. It could be a guarantee against abuses of some untrustworthy offshore casinos.

source: https://www.gamblinginsider.com/in-depth/16968/paynearme-49-of-gamers-would-deposit-more-with-better-withdrawal-options

Apocollapse

hero member

Activity: 1148

Merit: 796

Quote from: Daltonik on July 16, 2022, 04:12:58 AM

The passage of mandatory KYC in the event of a conditionally large win by a player, here, it seems to me, on the one hand, the occurrence of circumstances of difficulties for withdrawing funds for the player himself, but on the other hand, it is also the responsibility of the casino for AML. But whatever it was, in fact, all these restrictions raise doubts for making a decision to make a deposit or not.

I don't think it's the reason why many people don't want to make a deposit because honestly speaking, most of users didn't even read the whole TOS and just register new account. If there's no such thing aside username, email and password to create new accounts, they will make a deposit after completing that.

Mandatory KYC and withdrawal problem mostly occur when they already make a deposit, not before deposit.

Daltonik

legendary

Activity: 2604

Merit: 1504

The passage of mandatory KYC in the event of a conditionally large win by a player, here, it seems to me, on the one hand, the occurrence of circumstances of difficulties for withdrawing funds for the player himself, but on the other hand, it is also the responsibility of the casino for AML. But whatever it was, in fact, all these restrictions raise doubts for making a decision to make a deposit or not.

Smartprofit

legendary

Activity: 2338

Merit: 1775

Catalog Websites

Quote from: Peanutswar on July 15, 2022, 02:39:21 AM

Quote from: Cookdata on July 14, 2022, 05:49:05 PM

They can also get more deposits from users if they are very transparent and don't always find a way to hold onto player's money whenever they win a large amount with KYC and later change their mind that the players must comply and do verification even though they said it wasn't necessary at first and even after doing the verification, they should adhere to fair policy and allow users to withdraw their money, which will instil some level of confidence in the player. That money they withdraw will either directly or indirectly return to the casino, it could be they are putting the integrity of the firm they played and won with to the test.

It is always normal for gambling casinos they are always given a KYC for only people who won a large amount, and some of them allow a large withdrawal with this like just need to submit first a KYC, or else they will hold your winning sometimes they are allowing withdrawal but in a certain amount only like 20% of the total balance and it took always a months before you can allow makes another withdrawal.

In my opinion, such an online casino policy is not very fair to the casino user.

Why introduce the KYC procedure when withdrawing funds from the gaming platform?

Why is the obligation to complete the KYC procedure correlated with the size of the player's winnings?

What difference does it make if the player wins a large sum of money or not?

After all, in any case, the money won in the online casino is the lucky player's own money. And he can dispose of them without any restrictions.

I see in such a policy of the administration of the online casino a restriction of the player's natural rights to dispose of his own funds. To some extent, this is a violation (illegal restriction) of property rights. At the same time, the right to property is one of the basic rights of a free person.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: BitcoinAccepted on July 15, 2022, 03:27:24 PM

The users who are already on the site are usually also stimulated in several ways to keep betting. The most tempting and most common is the bonus to top up again. I also think that serious gamblers are usually not interested in that, because you always have to deal with certain requirements that you have to play around before you can use your bonus amount. A cashback is also tempting. New players are mainly attracted through forums and other advertising channels.

Gambling companies have always their own tricks and strategies to attract more users to play and deposit. That’s why they have lot of additional bonuses and gives free money to gamble so that they will heighten the interest of the players and continue to deposit and bet. And since there are also certain requirements to avail that, if you are not tight with your budget, then you will eventually gamble more and lose more. Gambling is a business, aside from making you entertained, they also make sure that the house will always have an edge over the players.

BitcoinAccepted

legendary

Activity: 2660

Merit: 1009

The users who are already on the site are usually also stimulated in several ways to keep betting. The most tempting and most common is the bonus to top up again. I also think that serious gamblers are usually not interested in that, because you always have to deal with certain requirements that you have to play around before you can use your bonus amount. A cashback is also tempting. New players are mainly attracted through forums and other advertising channels.

coolcoinz

legendary

Activity: 2814

Merit: 1192

Quote from: Zilon on July 15, 2022, 01:16:08 AM

It is common that users always wants platforms where deposit and withdrawals are made with so much ease. With multiple choice of withdrawals gives every gambler the confidence of making deposits and most times privacy are ignored . Everyone wants to gamble where it is easy to deposit and withdraw as well.

In as much as good withdrawal options are catchy, privacy and trust should be considered. References can be misleading a times and experiences can also be negative but this ease to withdrawal can lure gamblers into sticking to a particular casino despite the negative vibes.

You can get fast withdrawals and some privacy. It's not a rule that every casino should have this or that.
I can take limited withdrawal options but no delays. Withdrawals should always be instant. I also hate KYC and it could be a deciding factor when I choose a place to gamble. This is also where fake traffic comes from. I enter a site to check it out but if it welcomes me with KYC, I'm out.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: Kasabus on July 15, 2022, 06:35:47 AM

Quote from: noormcs5 on July 15, 2022, 06:33:17 AM

Quote from: fiulpro on July 13, 2022, 11:48:00 AM

The source explores how around 49% of the users would deposit more money based on better withdrawal options.

This is really strange for me as why would people deposit more if there are better withdrawal options Huh

I assume that people will deposit in those casino which give them bounses on each deposit. This seems logical to me and casino should consider this option if they want people to deposit more and play more at the casino. Yes, casino can put strict wagering requirements so that no gambler cannot misuse these deposit bonus offers.

For serious gamblers, bonuses are not really that important, they rely on their skills to win and if they are winning, they like to withdraw it anytime they want. Casinos with big limits and fast withdrawal processing could really attract gamblers.

That's because they have skills that can help them to gain victory. But whatever it was, they still couldn't rely on their skills to gamble because if they played in a game based on luck, their skills wouldn't help much. Casinos might have a huge limit just to entice other gamblers to join their site, but it is a great promotion for a casino to run. But indeed, deposit bonuses and other bonuses can attract gamblers to deposit more money.

Jemzx00

hero member

Activity: 1498

Merit: 547

Top Crypto Casino

Quote from: KTChampions on July 15, 2022, 07:22:12 AM

Quote from: Peanutswar on July 15, 2022, 02:39:21 AM

It is always normal for gambling casinos they are always given a KYC for only people who won a large amount, and some of them allow a large withdrawal with this like just need to submit first a KYC, or else they will hold your winning sometimes they are allowing withdrawal but in a certain amount only like 20% of the total balance and it took always a months before you can allow makes another withdrawal.

I wonder why I always hear about problems with the KYC when a player wants to withdraw his winnings, but I have never heard "the casino did not accept my money until I passed the KYC"? Roll Eyes

Everyone understands that the long passage of the KYC (if it is successful at all) for many casinos is just an excuse to detain/keep the player's money. I don't think this is normal.

Various reason could have arise as to why casino platforms are asking for KYC for huge winners rather than asking users to do KYC before deposit. One reason is that they don't want to make their users required to do the KYC process. Also, casino tends to look into the account of huge winners to better check their history as well as activities made on their account to ensure that no illicit activity have been made or done. In which case, the casino requires the users to do the KYC process.

Gianluca95

legendary

Activity: 1582

Merit: 1196

Reputation first.

Quote from: fiulpro on July 13, 2022, 11:48:00 AM

This post is based on the article published on the source: Source

The source explores how around 49% of the users would deposit more money based on better withdrawal options. Apparently, the survey conducted by US firms explored various areas that stands really important for people.

The key import things in there were :
1. Choice
2. Experience
3. Privacy
4. Preference

They explored a new idea where having a player, having a traffic doesn't necessarily mean that the site got a new player, they generally didn't account it for until and unless they have made a ' Deposit '

Which necessarily improved when the Gambling platforms had more withdrawal options, things Like: PayPal, Debit Card, Online Gambling, Cash app, Gift card etc. Having the freedom of having so many options improved the players willing to deposit money by almost 49%!!

This is certainly something that the Gambling companies do have to look into since this will go long way, thus changes needs to be made, What do you think, how important this option is for you?

I think that a site can attract more players by having more and more games as possible in way to satisfy as much user as possible. Then, he should process withdrawal very fast and then he should guarantee a bit of safety

to user by providing a strong support to him/her in way to solve every issue instantly. Then, it would be also a good a budget for marketing and advertising of activity, this will help to boost business !

rozak

sr. member

Activity: 1960

Merit: 273

★Bitvest.io★ Play Plinko or Invest!

Quote from: KTChampions on July 15, 2022, 07:22:12 AM

Quote from: Peanutswar on July 15, 2022, 02:39:21 AM

It is always normal for gambling casinos they are always given a KYC for only people who won a large amount, and some of them allow a large withdrawal with this like just need to submit first a KYC, or else they will hold your winning sometimes they are allowing withdrawal but in a certain amount only like 20% of the total balance and it took always a months before you can allow makes another withdrawal.

I wonder why I always hear about problems with the KYC when a player wants to withdraw his winnings, but I have never heard "the casino did not accept my money until I passed the KYC"? Roll Eyes

Everyone understands that the long passage of the KYC (if it is successful at all) for many casinos is just an excuse to detain/keep the player's money. I don't think this is normal.

other reasons that may be given by the casino or notified by the rules when we create an account before playing. Casinos often say they need KYC to avoid money laundering attempts using their casinos.
Even before making a withdrawal, most casinos provide rules for making a few bets first, before being able to make a withdrawal.
as long as the casino keeps paying the winnings and letting us make withdrawals. I think KYC is not difficult for casino members to do.

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform

Quote from: Peanutswar on July 15, 2022, 02:39:21 AM

It is always normal for gambling casinos they are always given a KYC for only people who won a large amount, and some of them allow a large withdrawal with this like just need to submit first a KYC, or else they will hold your winning sometimes they are allowing withdrawal but in a certain amount only like 20% of the total balance and it took always a months before you can allow makes another withdrawal.

I wonder why I always hear about problems with the KYC when a player wants to withdraw his winnings, but I have never heard "the casino did not accept my money until I passed the KYC"? Roll Eyes

Everyone understands that the long passage of the KYC (if it is successful at all) for many casinos is just an excuse to detain/keep the player's money. I don't think this is normal.

Kasabus

hero member

Activity: 2814

Merit: 576

Quote from: noormcs5 on July 15, 2022, 06:33:17 AM

Quote from: fiulpro on July 13, 2022, 11:48:00 AM

The source explores how around 49% of the users would deposit more money based on better withdrawal options.

This is really strange for me as why would people deposit more if there are better withdrawal options Huh

I assume that people will deposit in those casino which give them bounses on each deposit. This seems logical to me and casino should consider this option if they want people to deposit more and play more at the casino. Yes, casino can put strict wagering requirements so that no gambler cannot misuse these deposit bonus offers.

For serious gamblers, bonuses are not really that important, they rely on their skills to win and if they are winning, they like to withdraw it anytime they want. Casinos with big limits and fast withdrawal processing could really attract gamblers.

noormcs5

hero member

Activity: 2814

Merit: 618

Leading Crypto Sports Betting & Casino Platform

Quote from: fiulpro on July 13, 2022, 11:48:00 AM

The source explores how around 49% of the users would deposit more money based on better withdrawal options.

This is really strange for me as why would people deposit more if there are better withdrawal options Huh

I assume that people will deposit in those casino which give them bounses on each deposit. This seems logical to me and casino should consider this option if they want people to deposit more and play more at the casino. Yes, casino can put strict wagering requirements so that no gambler cannot misuse these deposit bonus offers.

rodskee

full member

Activity: 2520

Merit: 204

Quote from: Zilon on July 15, 2022, 01:16:08 AM

It is common that users always wants platforms where deposit and withdrawals are made with so much ease. With multiple choice of withdrawals gives every gambler the confidence of making deposits and most times privacy are ignored . Everyone wants to gamble where it is easy to deposit and withdraw as well.

In as much as good withdrawal options are catchy, privacy and trust should be considered. References can be misleading a times and experiences can also be negative but this ease to withdrawal can lure gamblers into sticking to a particular casino despite the negative vibes.

complete agreed in this , Like me in particular as I al seeking for a gambling site that will never give me pain in the ass when withdrawing , depositing does not really having any issue as gambling site will let you deposit at any chances even if you are in question because this is how business must be.
but the withdrawal mostly is the issue and yes if this can be offered and agreed with good manners surely that site will keep luring players at any ways.

BobK71

hero member

Activity: 2128

Merit: 655

Leading Crypto Sports Betting & Casino Platform

Quote from: Zilon on July 15, 2022, 01:16:08 AM

It is common that users always wants platforms where deposit and withdrawals are made with so much ease. With multiple choice of withdrawals gives every gambler the confidence of making deposits and most times privacy are ignored . Everyone wants to gamble where it is easy to deposit and withdraw as well.

A large number of gambling platforms have emerged in this decade. All of those are trying to provide maximum benefits to their users. Many are ahead of their strategies, many may be trying. However, it is natural that users will flock to places where they can get maximum benefits.

Generally a gambler's first focus on deposit and withdrawal policy. If there is a gambling site where deposits or withdrawals can be made quickly and at a relatively low fee. Some gamblers always find who gives more new offer and bonuses. Some are observing and acknowledge by different advertisements.

Peanutswar

legendary

Activity: 1708

Merit: 1280

Top Crypto Casino

Quote from: Cookdata on July 14, 2022, 05:49:05 PM

They can also get more deposits from users if they are very transparent and don't always find a way to hold onto player's money whenever they win a large amount with KYC and later change their mind that the players must comply and do verification even though they said it wasn't necessary at first and even after doing the verification, they should adhere to fair policy and allow users to withdraw their money, which will instil some level of confidence in the player. That money they withdraw will either directly or indirectly return to the casino, it could be they are putting the integrity of the firm they played and won with to the test.

It is always normal for gambling casinos they are always given a KYC for only people who won a large amount, and some of them allow a large withdrawal with this like just need to submit first a KYC, or else they will hold your winning sometimes they are allowing withdrawal but in a certain amount only like 20% of the total balance and it took always a months before you can allow makes another withdrawal.

Topic: How Gambling companies can get more users to deposit. - page 11. (Read 3808 times)