Know Your Customer Regulations (KYC)

Across Europe, online casinos must adhere to strict licensing and regulatory standards set by various authorities, such as the Malta Gaming Authority and the Swedish Gambling Authority. A key component of these regulations is the Know Your Customer (KYC) process, which ensures that players are verified to prevent illegal activities like money laundering.

To comply, new players typically need to provide personal information and documents like a passport or utility bill. This process can be time-consuming and cumbersome, but it’s essential for security and compliance.

Pay N Play offers a solution by leveraging your bank’s existing verification processes, allowing you to skip additional KYC steps when registering at a new casino. This not only speeds up the process but also enhances security by reducing the need to share sensitive documents.

How does Pay N Play work?

Pay N Play, powered by Trustly, allows you to make secure online payments directly from your bank account without sharing your financial details. This method eliminates the need for extensive form-filling and document submission, streamlining the registration process.

When you visit a new casino, you can make a deposit directly from your bank account, bypassing traditional registration forms. This is often indicated by options like ”Deposit And Play Now” or ”Play Direct”. Trustly handles the transaction, verifying your identity through your bank, and automatically creates your player account.

This approach benefits both players and casinos. Players enjoy a faster, hassle-free start, while casinos reduce dropout rates and ensure compliance with KYC regulations. Withdrawals are equally straightforward, with winnings transferred back to your bank account instantly.

Different Types of Pay N Play Casinos

European players can choose between two types of Pay N Play casinos. Some casinos offer it as one of several payment options, while others operate exclusively with Pay N Play. Exclusive Pay N Play casinos provide the full range of features, including instant withdrawals and the ”Resume Play” feature, enhancing the gaming experience.

Summary

Pay N Play is revolutionizing the way players engage with online casinos in Europe. Supported by Trustly, it offers a streamlined registration, payment, and withdrawal process without additional fees. Whether you prefer a pure Pay N Play casino or a hybrid model, the convenience and simplicity of this service are driving its rapid adoption across the continent.

Look for Pay N Play options on the White Hat Gaming platform when exploring new online casinos.