How Gambling companies can get more users to deposit. - page 9.

KTChampions

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Quote from: cabron on July 18, 2022, 11:23:32 AM

Quote from: KTChampions on July 18, 2022, 10:55:23 AM

Working in full compliance with government regulations seems to be more expensive than working without them (in my opinion this should be the case since in the first case the costs are higher). This leads to the fact that the casino offers worse conditions (greater house edge, worse odds, etc.) Plus the possibility that if you win a big win you will have to pay taxes. Does all this suit you?

It really just rest on his judgement. While many of us are not open to submitting a single document about ourselves to a casino, many are willing to. Especially when lies upon it is the withdrawal their winnings. Countless threads so far expressing their disappointment after finding they are at the mercy. If they are not sending KYC documents, nothing can be done be regretting why they deposit in the first place. Casino being a legitimate with license still will help lure users to deposit but this isn't what OP was talking about.

Yes, decisions are made on an individual basis. But there are some consequences of these decisions that completely change your ability to play. For example, as I said, regulation and taxes worsen the conditions for the player. That is, for example, imagine that you are betting on an event with odds of 1.6, while in unregulated bookmakers you can bet on the same event with odds of 1.8. Obviously, by betting with the worst odds, you will quickly lose and will not have a chance to beat the bookmaker.

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IMO, it should be like that, a broad amount of deposit options. If possible, every available one.
Don't let one gambler decide to pick another site just because one business doesn't have the preferred option to deposit. VISA and Mastercard are given but cryptocurrencies, Paypal, and other local payment applications are mostly not on the list.
It will drive away gamblers that think it is an inconvenience on their side. They don't have to be the ones making efforts just to make a deposit while first of all, it's their money that will be put at risk.

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The problem with using third parties (paypal et al..)to withdraw funds is that once they have your funds, they can flag your account for whatever reason and prevent fiat withdrawals. Direct crypto withdrawals via privacy coins like monero is the best way to go IMHO.

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Quote from: rodskee on July 18, 2022, 07:49:02 PM

Quote from: livingfree on July 18, 2022, 05:48:23 PM

That's why there are online casinos where you can deposit cryptocurrencies and that's making things easier. You won't be a subject for KYC at the beginning until you are required to do so when you're hitting and winning big.

a common way of gambling sites to scam players , its just not obvious but the truth is? this is scam because why imposing the KYC when hitting big wins considering that the players constantly depositing and withdrawing for long time but eventually requiring KYC because they are looking for a chance for them not to get their money.

Casinos do that to prevent gamblers who win big money from withdrawing those winnings. By all means, they will force KYC on those gamblers and we know that they have successfully blocked many accounts of such gamblers. But I believe a reputable casino will not do that and if a gambler wins a lot of money, maybe they will still allow it because there is nothing suspicious about that gambler. But for a scam casino, I don't think they will because they don't want to see any money coming out of their site.

The casino will try all methods they know to keep attracting more gamblers, especially those who do not have much experience depositing more money to their site.

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Quote from: livingfree on July 18, 2022, 05:48:23 PM

Quote from: Naficopa on July 18, 2022, 04:30:18 PM

there are many hard rules for the transitions and despite and gambler have to pay a hefty money for all this.
In our country there are many issues regarding trasection and deposit. When I read where people mention that everything is very easy in their county I feel left behind.

Well, jurisdiction is part of the rules and that's why if you find it hard to do transactions, withdrawals and deposits in your country. That's basically because of the rules of your government towards casinos and you can't blame them for that.

and also we must check the TOS first this is why there are many issues coming from players because of not giving a chance to read the site rules first before making deposits and playing.
because also they thought that all casino has the same rules but ending they are not.

Quote

That's why there are online casinos where you can deposit cryptocurrencies and that's making things easier. You won't be a subject for KYC at the beginning until you are required to do so when you're hitting and winning big.

a common way of gambling sites to scam players , its just not obvious but the truth is? this is scam because why imposing the KYC when hitting big wins considering that the players constantly depositing and withdrawing for long time but eventually requiring KYC because they are looking for a chance for them not to get their money.

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Quote from: Mahanton on July 18, 2022, 06:48:44 PM

Gambling companies would really be doing their best on giving the best service as much as possible as long they could really hook up players or new ones to play on the site which not only talking about lots of payment options but also on the games that they are offering and on the bonuses and perks that they do give out.

That's a necessary thing to do that's why as much as possible, there should be lots of deposit methods available on that site so that users will have lots of preferences. Nowadays, convenience is a big thing and that should be given to all users as much as possible.

If I'm a gambler too, I don't like to play on a new site with only 1-2 options for a deposit.

Mahanton

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Quote from: livingfree on July 18, 2022, 05:48:23 PM

Quote from: Naficopa on July 18, 2022, 04:30:18 PM

there are many hard rules for the transitions and despite and gambler have to pay a hefty money for all this.
In our country there are many issues regarding trasection and deposit. When I read where people mention that everything is very easy in their county I feel left behind.

Well, jurisdiction is part of the rules and that's why if you find it hard to do transactions, withdrawals and deposits in your country. That's basically because of the rules of your government towards casinos and you can't blame them for that.

That's why there are online casinos where you can deposit cryptocurrencies and that's making things easier. You won't be a subject for KYC at the beginning until you are required to do so when you're hitting and winning big.

KYC verification is something that cant really be completely be avoided but if you are just a small time gambler then i dont really see that you should be putting yourself on stress minding about this stuff.
Of course it would be understandable that any licensed or centralized platform/services would really be asking out kyc whenever it is really already dealing with big amounts.
Gambling companies would really be doing their best on giving the best service as much as possible as long they could really hook up players or new ones to play on the site which not only
talking about lots of payment options but also on the games that they are offering and on the bonuses and perks that they do give out.

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Quote from: Naficopa on July 18, 2022, 04:30:18 PM

there are many hard rules for the transitions and despite and gambler have to pay a hefty money for all this.
In our country there are many issues regarding trasection and deposit. When I read where people mention that everything is very easy in their county I feel left behind.

Well, jurisdiction is part of the rules and that's why if you find it hard to do transactions, withdrawals and deposits in your country. That's basically because of the rules of your government towards casinos and you can't blame them for that.

That's why there are online casinos where you can deposit cryptocurrencies and that's making things easier. You won't be a subject for KYC at the beginning until you are required to do so when you're hitting and winning big.

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Quote from: TimeTeller on July 18, 2022, 04:44:40 PM

Quote from: Naficopa on July 18, 2022, 04:30:18 PM

Quote from: crzy on July 18, 2022, 04:26:26 PM

Banks will not allow those gamblers to open their account easily, because its prone to frauds.
Luckily, we have the option now for online wallet and this is a big game changer since we can now easily transact online and withdraw money without thinking about the banks and the regulation. This is also my priority right now where I can experience both security and privacy. The casinos can attract gamblers by giving out more promotions and it seems more effective here.

there are many hard rules for the transitions and despite and gambler have to pay a hefty money for all this.
In our country there are many issues regarding trasection and deposit. When I read where people mention that everything is very easy in their county I feel left behind.

Maybe, for now, you can't do anything much about it but follow your government protocols.
In the next years to come, your government may change their stance towards the crypto market.
As they are seeing advanced countries accepting it wholeheartedly, they may think about their own stand.
So for now, you can accumulate some of the valuable coins, but need to secure where you are storing your funds.
Also, there are several casinos which are not restricting their players by their location, just take a look at their ToS first.

In addition of what you said so far I will say that cryptocurrency will become a future currency and time coming because no country this time around that does not accept cryptocurrency or does not operate with greater currency even though it haven't been legalized to every country but in future time the cryptocurrency will be well known to every country. So they clause I want to put is that when investing in cryptocurrency try to invest to the one that they can all the talk we not to buy off because the more we go the more new coins are being introduced to the market so anyone that laugh Witcher will die off and then when investing ensure that your seed phrase is being secured to avoid anyone hacking your account or a wallet

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Quote from: crzy on July 18, 2022, 04:26:26 PM

Quote from: Theones on July 18, 2022, 03:19:49 PM

Quote from: Tumanggor on July 18, 2022, 12:52:06 PM

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Banks will not allow those gamblers to open their account easily, because its prone to frauds.
Luckily, we have the option now for online wallet and this is a big game changer since we can now easily transact online and withdraw money without thinking about the banks and the regulation. This is also my priority right now where I can experience both security and privacy. The casinos can attract gamblers by giving out more promotions and it seems more effective here.

not all gamblers open bank accounts to commit fraud, many also really want to try playing online gambling but are not familiar with crypto or are afraid to use crypto (due to lack of crypto education)

After all, personal questions that are often asked by the bank, really violate people's privacy (especially if the personal question is asked when the queue is long and crowded)

most online crypto casinos offer bonuses, convenience in wd/depo, and only require KYC LVL 1, and this is already very attractive compared to fiat-based online casinos

TimeTeller

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Quote from: Naficopa on July 18, 2022, 04:30:18 PM

Quote from: crzy on July 18, 2022, 04:26:26 PM

Banks will not allow those gamblers to open their account easily, because its prone to frauds.
Luckily, we have the option now for online wallet and this is a big game changer since we can now easily transact online and withdraw money without thinking about the banks and the regulation. This is also my priority right now where I can experience both security and privacy. The casinos can attract gamblers by giving out more promotions and it seems more effective here.

there are many hard rules for the transitions and despite and gambler have to pay a hefty money for all this.
In our country there are many issues regarding trasection and deposit. When I read where people mention that everything is very easy in their county I feel left behind.

Maybe, for now, you can't do anything much about it but follow your government protocols.
In the next years to come, your government may change their stance towards the crypto market.
As they are seeing advanced countries accepting it wholeheartedly, they may think about their own stand.
So for now, you can accumulate some of the valuable coins, but need to secure where you are storing your funds.
Also, there are several casinos which are not restricting their players by their location, just take a look at their ToS first.

carlfebz2

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Quote from: Oasisman on July 17, 2022, 08:55:10 PM

Quote from: khaled0111 on July 16, 2022, 05:39:11 PM

Users will certainly prefer to play at casinos that support their favorite payment method. So the more payment methods the platform supports the more customers it will attract which means more deposits and more profit for them.
Besides, having a wide range of payment methods makes the service look more professional and care about their customers and their confort.

The same apply to crypto casinos. Many of them support too many coins even if some of them will rarely/never be used.

For crypto, usually the casino prefers those coins who have faster transaction speed coz that's what gamblers also wants.
Most gambler, or let's say most people in general wants faster transactions (deposit and withdrawal) so it really make sense for any online casinos to accept multiple coins to attract more players. Though not every coin that has faster transaction speed cost cheap like XRP, but different people do have different preferences.

Majority of gamblers do really loves that fast pace transactions from deposit to withdrawal which is always been recommended or much preferred thats why companies should really be having that consideration on

offering all the probable ways which would really give out that accessibility and ease when it comes to than manner because if people do find out on how easy for them to make deposits/withdrawals then its one of
the aspect that they are looking for.

Of course here's the main priority which is that fairness that it should have.All things would be useless if people or the community would find out that your casino isnt fair or shit i would say.

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Quote from: crzy on July 18, 2022, 04:26:26 PM

Banks will not allow those gamblers to open their account easily, because its prone to frauds.
Luckily, we have the option now for online wallet and this is a big game changer since we can now easily transact online and withdraw money without thinking about the banks and the regulation. This is also my priority right now where I can experience both security and privacy. The casinos can attract gamblers by giving out more promotions and it seems more effective here.

there are many hard rules for the transitions and despite and gambler have to pay a hefty money for all this.
In our country there are many issues regarding trasection and deposit. When I read where people mention that everything is very easy in their county I feel left behind.

crzy

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Quote from: Theones on July 18, 2022, 03:19:49 PM

Quote from: Tumanggor on July 18, 2022, 12:52:06 PM

I was once asked by CS bank when opening a new account, she said 'is this new account opened to play gambling', I immediately canceled my intention to open a new account at the bank

privacy is important and gambling sites that accept deposits and withdrawals via cryptocurrency are my priority right now, I will never make deposits or withdrawals related to banks because they are really annoying

YEs -you are right also bad luck comes uninvited - and most of the time
So I think one cannot count and predicts what is coming up next. Better we should pray that we stay away from ills and odds.

Banks will not allow those gamblers to open their account easily, because its prone to frauds.
Luckily, we have the option now for online wallet and this is a big game changer since we can now easily transact online and withdraw money without thinking about the banks and the regulation. This is also my priority right now where I can experience both security and privacy. The casinos can attract gamblers by giving out more promotions and it seems more effective here.

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Quote from: Tumanggor on July 18, 2022, 12:52:06 PM

I was once asked by CS bank when opening a new account, she said 'is this new account opened to play gambling', I immediately canceled my intention to open a new account at the bank

privacy is important and gambling sites that accept deposits and withdrawals via cryptocurrency are my priority right now, I will never make deposits or withdrawals related to banks because they are really annoying

YEs -you are right also bad luck comes uninvited - and most of the time
So I think one cannot count and predicts what is coming up next. Better we should pray that we stay away from ills and odds.

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Quote from: Slow death on July 13, 2022, 02:02:20 PM

I prefer to use cryptocurrencies as a deposit method because it makes it much easier to withdraw money and I can also earn more when the price of cryptocurrency goes up a lot. using a bank account would be a big headache for me because the bank would be constantly making me wonder whenever money came into the account from the casino. But we also have to look at another big disadvantage that when the casino only accepts cryptocurrencies as a deposit it will hardly be able to find the owners of the casino if one day they disappear with all people's money, while if the casino accepts bank deposits then it will be easy to trace the owner of the casino if one day he runs off with people's money

I was once asked by CS bank when opening a new account, she said 'is this new account opened to play gambling', I immediately canceled my intention to open a new account at the bank

privacy is important and gambling sites that accept deposits and withdrawals via cryptocurrency are my priority right now, I will never make deposits or withdrawals related to banks because they are really annoying

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Quote from: ethereumhunter on July 17, 2022, 07:38:24 AM

Quote from: Naficopa on July 17, 2022, 04:34:52 AM

believe it or not - paypal does not work in our country.
There is so much difficulty in getting the payment from abroad - different countries - different issues.

Yes, I believe that and it seems to be happening in many other countries. But gamblers who are addicted to gambling will not stop but will continue to look for other ways to deposit their money to play gambling. For crypto gamblers, it's clear they will continue to use crypto and I think many countries have allowed the use of crypto even though their government forbids gambling. But those people will still gamble because they already know how to gamble using crypto safely.

We have to be serious about this and realize that no matter what type of payment gateway we use, it’s not going to be understandably good because it’s going to be a trouble. Just realize that crypto is the most free one, not in the "cheap" sense of the way, it’s just a way of realizing that we can't make anything out of this.

Realize that crypto gives us freedom and that is why I have to use crypto, in my nation paypal is a big trouble and that means we can't do anything. Just realize that fiat will always be a trouble for me to use and that is why I am not expecting it to reach this level. Whereas crypto will not become anything other than the best deal.

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Quote from: erep on July 17, 2022, 03:11:26 PM

Quote from: KTChampions on July 17, 2022, 01:45:58 PM

Whales are a special topic and I think that everything is different there too, depending on what kind of whale it is. If this is an anonymous whale, then he may have difficulties with the KYC because there may be some problems (real or far-fetched) with the verification of his identity. If this is a public figure/celebrity, then he will not have any problems at all, because even if they try to deceive him, one word of his can destroy the reputation of the casino forever.

The community of gamblers has different personality backgrounds as certain groups strongly avoid casinos that require KYC verification for some reasons to maintain anonymous profiles, other groups have no problem with KYC verification for legitimate online casinos. I have no problem with KYC online casinos if the casino has an official license, so it will not violate policy because it is strictly monitored to operate according to government regulations.

I think you missed the point of KTC, he is talking about whale, especially one that may be so influential that his words alone will satisfy their T&C and allow him to play without undergoing any Secondary identification, just the way Drake became a special VVIP player on Stake Casino and even with that, he has lost a couple of bets and still later partner with them, he officially announced it on his IG and that also brings in lots of more players to stake bet casino.

Just hope the company in charge of your KYC doesn't have a data bridge as often they use to say, if that happens eventually, there is nothing you can do when your ID gets leaked to the wrong hands. Personally, I dislike KYC not because they want it but because anything could happen to it if it falls in the wrong hands. An email and a password are enough for me to roll some dice.

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Quote from: KTChampions on July 18, 2022, 10:55:23 AM

Quote from: erep on July 17, 2022, 03:11:26 PM

Quote from: KTChampions on July 17, 2022, 01:45:58 PM

Whales are a special topic and I think that everything is different there too, depending on what kind of whale it is. If this is an anonymous whale, then he may have difficulties with the KYC because there may be some problems (real or far-fetched) with the verification of his identity. If this is a public figure/celebrity, then he will not have any problems at all, because even if they try to deceive him, one word of his can destroy the reputation of the casino forever.

The community of gamblers has different personality backgrounds as certain groups strongly avoid casinos that require KYC verification for some reasons to maintain anonymous profiles, other groups have no problem with KYC verification for legitimate online casinos. I have no problem with KYC online casinos if the casino has an official license, so it will not violate policy because it is strictly monitored to operate according to government regulations.

Working in full compliance with government regulations seems to be more expensive than working without them (in my opinion this should be the case since in the first case the costs are higher). This leads to the fact that the casino offers worse conditions (greater house edge, worse odds, etc.) Plus the possibility that if you win a big win you will have to pay taxes. Does all this suit you?

It really just rest on his judgement. While many of us are not open to submitting a single document about ourselves to a casino, many are willing to. Especially when lies upon it is the withdrawal their winnings. Countless threads so far expressing their disappointment after finding they are at the mercy. If they are not sending KYC documents, nothing can be done be regretting why they deposit in the first place. Casino being a legitimate with license still will help lure users to deposit but this isn't what OP was talking about.

KTChampions

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Quote from: erep on July 17, 2022, 03:11:26 PM

Quote from: KTChampions on July 17, 2022, 01:45:58 PM

Whales are a special topic and I think that everything is different there too, depending on what kind of whale it is. If this is an anonymous whale, then he may have difficulties with the KYC because there may be some problems (real or far-fetched) with the verification of his identity. If this is a public figure/celebrity, then he will not have any problems at all, because even if they try to deceive him, one word of his can destroy the reputation of the casino forever.

The community of gamblers has different personality backgrounds as certain groups strongly avoid casinos that require KYC verification for some reasons to maintain anonymous profiles, other groups have no problem with KYC verification for legitimate online casinos. I have no problem with KYC online casinos if the casino has an official license, so it will not violate policy because it is strictly monitored to operate according to government regulations.

Working in full compliance with government regulations seems to be more expensive than working without them (in my opinion this should be the case since in the first case the costs are higher). This leads to the fact that the casino offers worse conditions (greater house edge, worse odds, etc.) Plus the possibility that if you win a big win you will have to pay taxes. Does all this suit you?

Topic: How Gambling companies can get more users to deposit. - page 9. (Read 3808 times)