Proof Of Income Will This Pass - page 6.

Yogee

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Quote from: Saisher on December 08, 2022, 04:03:08 AM

.....will they accept that proof will they accept that you are putting all your salary for gambling,

It shouldn't matter to them if you're putting all your salary BUT you could be questioned if your betting average per month is more than your declared salary. You would still look suspicious if you're betting $1000 when your ONLY known source of funds is your $500 monthly salary.

Quote from: davis196 on December 08, 2022, 06:14:42 AM

.....
If some crypto casino demands from you to comply with such ridiculous rules in order to allow you to withdraw your earnings, this definitely smells like a scam.

Would you say that Stake is a scam casino should they enforce their policy on proof of income?
https://help.stake.com/en/articles/5328395-acceptable-documents-for-source-of-funds

lionheart78

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Quote from: Saisher on December 08, 2022, 04:03:08 AM

As long as you can provide a valid document about your salary, they will approve it whether you deposit it all or not. The gambling casino will never hinder your playing on their platform as long as your fund source is valid. Besides, it is not at the casino's discretion whether you deposit all your earnings or not. Casino for the owner is a business, whether you play for fun or not is out of their concern. The principle of gambling for fun is up to the player and not the casino.

acroman08

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Quote from: Saisher on December 08, 2022, 04:03:08 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 mean, if the "proof of salary" you provided is legitimate I don't think they have grounds for denying you your withdrawal. anyway, why would they care about the principle of "gambling for fun"? also, they can't use that as a reason(because it would an extremely stupid reason) to deny your withdrawal request.

nakamura12

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I think they are trying not to paid you of your winnings or to let you withdraw your fund. Proof of income has nothing to do with letting you withdraw the money. Actually, this is the first time I know such situations where you must provide a proof of income to the casino so that you will have a good standing account and will be able to withdraw. Most gambling sites I know doesn't require you to provide proof of income so that you can withdraw. It's either you withdraw all your income or some of it and gamblers must go through KYC to withdraw if your account is suspicious. I do know that some casino may ask you to provide the documents to verify the source of funds and not used to let you withdraw the funds.

Daltonik

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Quote from: Saisher on December 08, 2022, 04:03:08 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.

In some online casinos, the funds received from gambling are not considered as a confirmed income, they require you to have a permanent source of your earnings, except if you have received income for some year while gambling and declared it and paid taxes.

Genemind

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Never heard of casinos asking for proof of income. They want their players to gamble all the money they can for them to earn, and I doubt if you need to justify where your money came from as long as you are already KYC-approved. Not unless they are just asking you for ridiculous documents to avoid paying your winnings. I wouldn't visit any casinos that require such a document aside for their KYC which is just valid ID, there's no need to prove to them where your money is coming from as long as they are earning.

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Quote from: Saisher on December 08, 2022, 04:03:08 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 believe that it should not be a problem, as long as it is my money neither the government nor a casino on internet should not interfere on how I decide to spend it.

There are some situations where this scenario where someone gambles all their money could happen, a young adult which is dependent on their partner or their family could perfectly spend their monthly income on casinos. It would be different if in the terms of service of that specific casino would state that they will reserve the right to suspend accounts of people who are spending recklessly on gambling (which would be unlikely to happen) again, they would need to keep in consideration the personal situation of the user and I doubt any service would go so far to analyze users.

Dunamisx

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Quote from: Saisher on December 08, 2022, 04:03:08 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.

As long as it's your money and you work to earn it then it's no man's business to query you regarding how you spend them, but i also want to believe that gamblers found in this kind of category are few on a rare case because no one will get the entire salary into gambling without leaving anything left for feeding, transportation and other emergency needs, and if such gambler also exist then using a kyc free casinos will be the nest option for such gambler and also he will need to read and understand their privacy policy before gambling.

abel1337

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I haven't experienced any verification like this and might never will. This will certainly limit the money that the casino is making given that they are restricting their gamblers to spend more which is the opposite of the way that they makes money. Gamblers now are hating KYC and adding this will be an absolute red flag to gamblers because I think it exceed the verification that normal casino wants since it requires the payroll which is a sensitive very sensitive information. If a casino requires this kind of verification, for sure they are killing their own business at it's own.

bittraffic

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Quote from: AbuBhakar on December 08, 2022, 09:08:34 AM

Quote from: ryzaadit on December 08, 2022, 09:03:10 AM

Where did your question come from?

POI's part of verification, there is nothing to do with the wagering or deposit you're made. Casino never restricted any money to their business, even with only 10$ you still can gamble with them.

This is the first time, someone ask this question.

Yeah, I only saw this kind of requirements on loans or purchasing items in-terms since they will need to make sure that customers will have the capability to pay the borrowed money before the due date occur.

Gambling doesn’t gives liability to all there users so this document is really not necessary to be relate on gambling unless casino offers loans to there players for bankroll then this document is important in regards to that matter.

The question probably comes from this kind of thread as well. Someone asked about Stake asking for the source of funds.

If you have a ton of money in the casino wallet yet you only have $500/month as pay check from your job, don't you think the casino will suspect something doesn't add up?

Apocollapse

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The question is why the gambler only give a proof of making $500/month? he can create fake paycheck since it's really easy to do that. I don't think there's a stupid gambler who blatantly just post his paycheck because he have thought this before.

However let's say it's really true, the casino will allow if their gamblers gamble all of his salary because they have own responsibility and they're using their money, not ask money or someone.

Pmalek

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If casinos were that strict about whether you and your family will have enough money to get you through the month, they would throw out or ban many of their clients. But they don't. And they don't mind you gambling your life savings on their games. The more people do it, the better it is for them. The gamble for fun slogans and the "stop when the fun stops" is just them trying to look good in the eyes of the general public and their regulators. When has a casino ever asked someone if they are sure they want to gamble, and how that will affect the financial stability of their family?

AbuBhakar

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Quote from: ryzaadit on December 08, 2022, 09:03:10 AM

Where did your question come from?

POI's part of verification, there is nothing to do with the wagering or deposit you're made. Casino never restricted any money to their business, even with only 10$ you still can gamble with them.

This is the first time, someone ask this question.

Yeah, I only saw this kind of requirements on loans or purchasing items in-terms since they will need to make sure that customers will have the capability to pay the borrowed money before the due date occur.

Gambling doesn’t gives liability to all there users so this document is really not necessary to be relate on gambling unless casino offers loans to there players for bankroll then this document is important in regards to that matter.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Saisher on December 08, 2022, 04:03:08 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,

Any casino you are speaking of in particular? proof of income being asked is usually when a red flag has been found on an account, IMO. I am sure you would not getting this proof to be submitted very commonly.

Quote

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.

What they will accept, only they will know.

Also if you feel this breaks the principle of gambling for fun, then dont gamble or keep a limited budget for gambling every month and dont overdo it. Just because you have to show your ledger to someone does not mean you are violating a principle that you have been keeping to yourself. If you feel like you have been lying to yourself, then you have to fix that problem from your side.

ryzaadit

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Where did your question come from?

POI's part of verification, there is nothing to do with the wagering or deposit you're made. Casino never restricted any money to their business, even with only 10$ you still can gamble with them.

This is the first time, someone ask this question.

ethereumhunter

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The casino should be able to accept it because you have provided proof of the salary you get every month. But if the casino suspects unusual activity on your account, they may ask for more evidence to show you own the account. This is to avoid anything unwanted by the casino and is also due to pressure from the regulators to find out who owns the account at the casino.

And I don't think that violates the principle of gambling for fun because you may already be using gambling to earn money or some other source of income. But I don't know, I'm also not sure about this and maybe you should ask each casino.

_act_

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Quote from: hopenotlate on December 08, 2022, 06:37:55 AM

Let me ask if it is just a curiosity by you or actually somne casino asked you for this? If it's the second please publish here their names so we can shame them.

There will be no other reason this question is asked than being curious, some people knows how gambling sites can easily seize customers money during withdrawal. I think that is the reason for the question. I do not think gambling sites can be that not professional to request for statement of account or proof of income than not been to only make sure the person is earning the money or not.

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Quote from: Saisher on December 08, 2022, 04:03:08 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.

Let me ask if it is just a curiosity by you or actually somne casino asked you for this? If it's the second please publish here their names so we can shame them.

I would never accept such a requirement because , as someone already said, what I do in my life os no casino business; I can understand they may adduce anti money laundering reasons and stuff like that but if those were the real reasons they should ask before accepting my money as deposits and and not only at the moment I ask for a withdrawal.

janggernaut

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Quote from: Saisher on December 08, 2022, 04:03:08 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 do believe there is no any site will ask our proofs of income (source of income) if we only deposit $500 every month. It's different when you deposited $500 but you managed to win huge money on that site, they might ask your KYC and other things. But that's also happened on few sites, most of popular sites won't even ask you anything even you won huge amount from their site

davis196

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Quote from: Saisher on December 08, 2022, 04:03:08 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.

A casino asking you to prove your income is the dumbest requirement I've ever heard of.
If some crypto casino demands from you to comply with such ridiculous rules in order to allow you to withdraw your earnings, this definitely smells like a scam. What's next? The casino asking you to prove that you are healthy and that you don't have any "forbidden diseases"? Grin

The only type of private businesses, that can ask you to prove your income are commercial banks(when you apply for a consumer loan or mortgage).
Any other business asking you for your salary or income is doing something sketchy.
Stating that such "proof of income" requirement has something to do with a "responsible gambling" policy seems like total BS to me.

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