Proof Of Income Will This Pass - page 5.

Eureka_07

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Quote from: Saisher on December 08, 2022, 05:03:08 AM

No, it will not violate anything. Casino should not close your account if that will be the case.
I think your account will only be suspicious if you deposit thousand of dollars and you have given them the proof of your income which states you are only earning like $300 per month - in this case, you should justify how were you able to deposit such amount while earning way lower than that.
Moreover, in case of withdrawal, it should not matter a lot, think about lucky players who only deposit $20 and won thousands.

seleme

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Basically salary confirmation letter with stamp should be enough to prove that you have enough credibility to make deposits. It is not business of casino to check every detail and ask for additional documentation for source of funds. Exception may be depositing over $50k in rare cases, IMO.

FatFork

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Many online casinos require players to provide proof of where their funds came from. In some cases, in order to prove that you are using your own money, a casino may ask for a copy of your bank statement. This is all part of the license agreement operators have with regulators, and it's not uncommon. You may be required to provide proof of your source of funds if you make a large deposit or withdraw large amounts of money repeatedly. Not everyone is aware of this requirement, though.

However, it's reported that some online casinos have dismissed customers' financial information as unreliable and closed the account in question. I think most complaints regarding rejected source of funds documents originate from dubious operators without proper gambling licenses. They may be trying to avoid paying out winnings or are just plain dishonest. The best way to avoid getting caught up in this kind of scam is by doing your research before making a deposit. If a website is licensed by an internationally recognized regulatory body, then you can rest easy knowing that it's most likely safe. And if you have any concerns about this, I'd advise against depositing money into an account and instead look for a legitimate gambling site that you can trust.

romero121

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Op is thinking beyond the reality. No casino will shoot such questions when an user goes for withdrawal. If one of the casino is making such a statement or requesting the proof of income so to withdraw the winning, then it is indication of being scammed.

No trusted platform gets into such kind of activity with the normal gambler. Similar things could happen when the price of bitcoin is high and a common user who haven't deposited big money makes a huge deposit all of the sudden. Maybe in such scenario the proof of fund might be requested.

Johnyz

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As long as you have the proof of income that can work, even if you think is not that big.
The site is just making sure that your money is not came from any fraud and once you cooperate with them for sure you can easily get your winnings. Gambling sites are just strictly implement the AMLA protocols so we might see more of this especially if you are able to hit the jackpot by just depositing a small amount of capital.

goldkingcoiner

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Quote from: Saisher on December 08, 2022, 05:03:08 AM

Ok, suddenly the casino you're playing asks you for proof of income to be able to withdraw your winnings and to keep your account in good standing, your bankroll every month is $500 and you provide proof of salary that you are making $500 net every month, will they accept that proof will they accept that you are putting all your salary for gambling, will this violate the principle of gamble for fun, because you are working to gamble based on your proof income.

You provided proof that you have a legitimate source of income worth $500. That was all they asked for, and all the proof of salary they need. As long as they do not have evidence that that money came from laundering or drug dealing, terrorism or etc., then you are ok. The casino will not have legal grounds on taking your money or freezing your withdrawals.

That being said, I would rather stay away from a casino that demands such in-depth, personal documents. A good casino would have to have a very large amount of distrust in one of their gamblers to ask for such documents. If they imposed such a degrading interrogation on everyone, they would lose their user base really quickly...

goaldigger

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Quote from: Saisher on December 08, 2022, 05:03:08 AM

Ok, suddenly the casino you're playing asks you for proof of income to be able to withdraw your winnings and to keep your account in good standing, your bankroll every month is $500 and you provide proof of salary that you are making $500 net every month, will they accept that proof will they accept that you are putting all your salary for gambling, will this violate the principle of gamble for fun, because you are working to gamble based on your proof income.

That can work since the casinos might also consider that you are able to save some money since you are earning enough and capable of playing on their site. If the site started to require you with this then probably you are able to hit big profits from them, just don’t panic and coordinate with them as long as you have a proof of income then you can be good. Though don’t ever think to falsify your documents or else you might experience another problem and you might not be able to get your winnings.

virasisog

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Quote from: STT on December 08, 2022, 03:08:08 PM

I dont see that 500 would be an issue they have to pursue, if its millions then maybe its something a company is obliged to check I dont know. I would hope very much they refrain from harassing normal people from whether they have 500 to spend because thats normal behaviour and criminalizing a population for normal behaviour is pointless.

Other bettors spend thousands in gambling and I don't think casinos should question that by asking for their proof of income. I think gamblers have the right to go against it or not comply in case the casino will ask for this personal information.
Lots of us don't want KYC so asking for a proof of income will bw too much. Asking for the bankroll information will be enough but questioning our expenses in gambling isn't justifiable.

STT

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I dont see that 500 would be an issue they have to pursue, if its millions then maybe its something a company is obliged to check I dont know. I would hope very much they refrain from harassing normal people from whether they have 500 to spend because thats normal behaviour and criminalizing a population for normal behaviour is pointless.

Cling18

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I've never heard of any casino asking for a proof of income. That's too personal and has nothing to do with the right compliance with the KYC. In case this happens, the casino wouldn't mind about your salary as well as where you're getting your gambling funds from. They benefit from you and your bets so they will never ban you for such a reason but as far as I know, casinos will only ask for your identification and not your proof of income.

rhomelmabini

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Quote from: Saisher on December 08, 2022, 05:03:08 AM

Ok, suddenly the casino you're playing asks you for proof of income to be able to withdraw your winnings and to keep your account in good standing, your bankroll every month is $500 and you provide proof of salary that you are making $500 net every month, will they accept that proof will they accept that you are putting all your salary for gambling, will this violate the principle of gamble for fun, because you are working to gamble based on your proof income.

If the requirement they need is just to show proof and it's acceptable based on their terms and conditions then they'll surely validate that. I don't think that they have that validation to accept you in the first place because you're just playing for fun, they require it because they need to comply on the regulation.

Odusko

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Is this necessary in gambling and what business of a casino it is to inquire how I get my money and how I choose to spend them, the casinos that ask for such verification are centralized and should be avoided just like those asking for KYC if tho value your privacy then we should be mindful of such rules.
Proof of earning is only necessary for extreme cases of violation of casino terms and anti laundering mechanism.

yahoo62278

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I kind of feel like proof of income is a bs term honestly. It's my money I should be able to spend it how I want. If you don't earn your money by 1 of the means they deem acceptable, they will confiscate your funds. A rule to me that is no different than the multiple accounts rule. Rules to give casinos a way to take money from a person.

How is online any different than going to the casino live? I walk into a casino, show my ID, and proceed to gamble on the game of my choice. There's no how did you earn that money question. They have no idea if I just robbed a store before walking in their door. So why does online casinos need this info? And why are we ok with it?

I see the arguments for casinos having these rules, I just don't necessarily agree with them completely.

avikz

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Quote from: Saisher on December 08, 2022, 05:03:08 AM

Ok, suddenly the casino you're playing asks you for proof of income to be able to withdraw your winnings and to keep your account in good standing, your bankroll every month is $500 and you provide proof of salary that you are making $500 net every month, will they accept that proof will they accept that you are putting all your salary for gambling, will this violate the principle of gamble for fun, because you are working to gamble based on your proof income.

Unless and until you are playing with a huge (really huge) amount of money, no crypto casino should ask for such proof of income. If some casinos do it, let us know the name so that we can avoid it for good. This is not really a good practice for the crypto casinos and may indicate a potential exit scam.

Alternatively, if you are providing the income proof which justifies your bankroll, you should not face any issue. But earning and gambling with the same amount, may trigger some more question at their end. But at the end of the day, a casino must not hold your winning just because of this reason. If they do, they are scam casino and must be avoided.

Piesel

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In some cases approved proof of earnings can be a bank statement not later than 3 months to be considered valid, it doesn't matter how much is earn but the bank stamp declearing the document to be valid unless in some cases of violations of casino rules were an account is suspected to have been involved in money laundering activities that way the casino can go further to prove how much is earn and what has left the account or come unto the account for investigation sake.

roslinpl

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Actually most of the gamblers here are the people who earning from jobs too. Most of the people use their income to play gambling, because the income they generated based on their hard work. So they will do use of gambling for their entertainment with the money they have. If anyone asked for the bankroll, they can easily prove it. So many can easily pass the proof of income.

Fivestar4everMVP

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Quote from: Saisher on December 08, 2022, 05:03:08 AM

Ok, suddenly the casino you're playing asks you for proof of income to be able to withdraw your winnings and to keep your account in good standing, your bankroll every month is $500 and you provide proof of salary that you are making $500 net every month, will they accept that proof will they accept that you are putting all your salary for gambling, will this violate the principle of gamble for fun, because you are working to gamble based on your proof income.

To me, I think proof of earning is proof of earning like the title goes, which ever way it is, the casino will have no choice but to accept it except they have an ulterior motive in mind for not accepting it.

By the way, if I have passed kyc verification as I should with the casino, what again would they been needing a proof of earning for, is to verify if actually I earned the money I am using to gamble or maybe I stole it, or is this just one the tricks casinos play on gamblers to try to frustrate them into giving up their winning?
Requesting for this kind of verification is just not right if I am asked.

coinerer

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Quote from: Saisher on December 08, 2022, 05:03:08 AM

Ok, suddenly the casino you're playing asks you for proof of income to be able to withdraw your winnings and to keep your account in good standing, your bankroll every month is $500 and you provide proof of salary that you are making $500 net every month, will they accept that proof will they accept that you are putting all your salary for gambling, will this violate the principle of gamble for fun, because you are working to gamble based on your proof income.

Casino site wouldn’t ask you to show your proof of income but i seen some casino site can asking bank statement to verify yourself for example your real name and anything else like KYC verification . Casino sites don't care how much money you earn per month or how much money you use to gamble per month. So there you can use them for gambling as much as you want according to the limitation and you can not use them if you don't want. They won't force you to spend a certain amount

uneng

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Quote from: Saisher on December 08, 2022, 05:03:08 AM

Ok, suddenly the casino you're playing asks you for proof of income to be able to withdraw your winnings and to keep your account in good standing, your bankroll every month is $500 and you provide proof of salary that you are making $500 net every month, will they accept that proof will they accept that you are putting all your salary for gambling, will this violate the principle of gamble for fun, because you are working to gamble based on your proof income.

I think a requirement like this won't be ever asked by the casino. It limits too much gambling activity. Someone doesn't even need a wage to gamble. There are people who live with their families and have all their expenses paid by the family. They earn "free money" and use this money to gamble. Then would they have to say this to the casino while also presenting a justification on why their relatives give them money for nothing?

If so, even criminals who are laundering money can use this excuse. So, nothing changes compared to the currently scenario.

dothebeats

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Then your info gets leaked. All telemarketers and emails you will receive just because you try to satisfy your gambling fill and added in some personal info that even your friends shouldn't know about. Perhaps this might prevent people from not having enough money to gamble and will go out and take a loan just to play, but I also see some negative thing about this proof of income thing that will surely turn sour as time progresses. You have all sorts of info leaked even if they are already stored in secured servers but what about this one? Roll Eyes

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