Know Your Customer Regulations (KYC)

To operate legally, online casinos must follow the licensing and regulatory guidelines of the respective government. For instance, in the UK, casinos must adhere to the UK Gambling Commission’s regulations. Other territories like Gibraltar and Malta also have recognized regulatory bodies.

A key requirement is the Know Your Customer (KYC) regulations. These ensure that customers provide detailed information to prevent corruption, bribery, or money laundering. Gambling is often used by criminals to ‘clean’ money by converting it into a legitimate form.

Thus, when you register at a new casino, you must verify your identity, providing a traceable source for the government if any illegal activity is suspected.

In practice, this means new players must provide their name, date of birth, address, and proof of these details. Documents like a passport, driving licence, or a utility bill with your name and address are typically required. While you might not need these documents at registration, they are essential for withdrawing winnings.

All this necessary paperwork can slow things down and is quite a hassle when you have to upload documents and wait for approval. It also poses a risk of identity theft if these details are intercepted.

If only there was a way to simplify these regulations… Well, now there is!

How does Pay N Play work?

Pay N Play is powered by the reliable Trustly payment service. Trustly allows you to make online payments directly from your bank account without revealing personal financial details like your account number or debit card information. Typically, there are no charges or fees when using Trustly for online payments.

The advantage of Pay N Play is that it bypasses much of the form-filling and ID verification usually required to start playing at a new casino. You might still need to fill out a simple registration form with your name, email address, and possibly your home address. However, you won’t need to submit additional ID documents like your passport or utility bills.

This isn’t due to any loophole but because your bank has already conducted these checks when you opened your account. With Pay N Play, you don’t need to comply with extra KYC requirements since your bank account details have already been verified.

This process is not only more convenient for players but also beneficial for casino operators. Many potential players abandon registration due to the bureaucracy involved. Even those who complete the process often don’t make a deposit – up to a third of customers don’t proceed to play, likely due to frustration and boredom.

In essence, Pay N Play combines registration and payment into one process, speeding things up so you can enjoy the games.

How does it work in practice? When visiting a new casino site, instead of starting with a registration form, you make a deposit from your online banking account. There’s usually an option to start immediately, indicated by statements like “Deposit And Play Now” or a button labeled “Play Direct”.

This takes you to the Trustly payment service. Here, you select your bank (for Indian customers, this could be banks like SBI, HDFC, ICICI…) and enter your mobile banking ID. You’re then redirected to your bank to verify your identity and authorize payment using your online banking PIN. Choose the account to use (if you have multiple), enter the deposit amount, and follow your usual payment procedure.

Trustly then passes the required KYC data directly to the casino, so you don’t have to repeat the process every time you try a new casino. Your player account is created automatically, allowing you to start playing immediately. No need for lengthy registration forms or pre-registration with Trustly, as the service redirects you to your bank’s online service to complete the transaction. Just make a deposit!

Casino operators love this service too. It simplifies the start for new players and significantly reduces dropout rates while ensuring compliance with KYC requirements. More casinos are adopting this convenient service, which is great news for players.

You might think this sounds too good to be true, but it gets even better! Withdrawing your winnings is simpler too. You can return your prize money to your bank account with just one click. The transfer is almost instant, as all necessary details were submitted during your deposit.

Some might wonder if this is really favored by casino operators, who usually take days to process withdrawals. Previously, casinos could hold onto your money due to legal requirements for KYC checks and payment authorization. Now, it’s automatic, allowing for immediate payouts. Although casinos pay out faster, it saves on administration costs and the time and expense of employing staff for this purpose.

In the end, while casinos don’t hold your money as long, player satisfaction improves significantly. Analysis shows players enjoy the service, and happy players are more loyal, play more games, and return regularly.

And when it comes to returning, Pay N Play makes it quicker and more convenient. Normally, leaving the site or closing your browser means logging in again with your username and password. But with Pay N Play, you can use the ‘Resume Play’ feature to restart almost instantly using your online banking ID. No more remembering usernames and passwords!

What’s not to like? Pay N Play has gained popularity since its launch. More casinos are accepting it as players demand its simplicity and convenience. It’s much easier to start at a Pay N Play casino compared to traditional methods like debit cards. With Pay N Play, everyone’s a winner!

Different Types of Pay N Play Casinos

For players, there are essentially two types of Pay N Play casinos. Many casinos offer Pay N Play as an option, alongside other payment methods like debit cards, PayPal, and Neteller.

However, some new casinos and those undergoing rebranding are becoming exclusively Pay N Play casinos, offering it as the only method for joining and making payments. This is attractive for casino operators as it’s simple, requires minimal administrative infrastructure, and most potential customers have a bank account, enabling them to join.

There are benefits for players too when joining an exclusively Pay N Play casino. You get the full range of Pay N Play features, such as instant withdrawals and the ‘Resume Play’ feature. Players at ‘hybrid’ casinos may face additional login procedures when starting play and making withdrawals.

On the downside, players preferring other deposit methods like electronic payments are excluded from pure Pay N Play casinos.

Summary

Pay N Play is a convenient way to simplify online casino gaming. Backed by the trusted Trustly service, it’s more than just a payment method. It’s a one-stop registration, payment, and withdrawal service, with no extra charges or fees.

You can find ‘pure’ Pay N Play casinos, where it’s the only registration and payment option, and others that accept Pay N Play among other methods. Both have advantages: ‘Pure’ casinos offer instant registration, payment, and withdrawal, while ‘hybrid’ casinos allow other payment methods.

Its simplicity and convenience mean Pay N Play’s popularity and availability are rapidly increasing. More casinos are offering it as an option or choosing to operate as purely Pay N Play casinos. Look for both on the White Hat Gaming platform when seeking a new online casino to join.