KYC

Licensed online betting sites require you to complete a Know Your Customer (KYC) procedure. It may be required when you sign up or when you first make a deposit or withdrawal. What is a KYC procedure and why is it necessary?

Know Your Customer 101

KYC is an identity verification process. It is a legal requirement for licensed online sportsbooks in many jurisdictions in North America and around the world.

The purpose of a KYC process is to prevent a sports betting site or an online casino from being used for money laundering, criminality or the financing of terrorism. The idea is to gather information about customers and ensure everything is above board, keeping the customers, the betting site and the wider industry safe and secure.

What is Required for a KYC Process?

You will need to provide certain documents to complete a KYC process. Some sites ask you for your date of birth and the last four digits in your Social Security Number on the sign-up form, and those details can be enough to pass the KYC tests.

However, you will often be required to provide more details:

  • Photo ID to verify your identity. It should be official, government-issued ID, such as a driver’s license, passport or national identity card.
  • Documentation that proves your address, such as a bank statement or a recent household bill.
  • Some sites may also ask for a scan of the front and back of your credit card.

 

You can upload scans of these documents in a secure portal. The sports betting site team will check them over to verify your identity. When you have passed, you can make deposits, place bets and make withdrawals. The best sportsbooks check your details very quickly, but some can keep you waiting for a day or two.

In each case, we will provide examples related to the most popular sports for bettors, including football, basketball, baseball and hockey. If you need more help, you can visit our “Contact Us” page and send the team a message, or speak to the customer service department at your chosen sportsbook.