How Gambling companies can get more users to deposit.

[Apocollapse]

The passage of mandatory KYC in the event of a conditionally large win by a player, here, it seems to me, on the one hand, the occurrence of circumstances of difficulties for withdrawing funds for the player himself, but on the other hand, it is also the responsibility of the casino for AML. But whatever it was, in fact, all these restrictions raise doubts for making a decision to make a deposit or not.

I don't think it's the reason why many people don't want to make a deposit because honestly speaking, most of users didn't even read the whole TOS and just register new account. If there's no such thing aside username, email and password to create new accounts, they will make a deposit after completing that.

Mandatory KYC and withdrawal problem mostly occur when they already make a deposit, not before deposit.

[Saint-loup]

This post is based on the article published on the source: Source

The source explores how around 49% of the users would deposit more money based on better withdrawal options. Apparently, the survey conducted by US firms explored various areas that stands really important for people.

The key import things in there were :
1. Choice
2. Experience
3. Privacy
4. Preference

They explored a new idea where having a player, having a traffic doesn't necessarily mean that the site got a new player, they generally didn't account it for until and unless they have made a ' Deposit '

Which necessarily improved when the Gambling platforms had more withdrawal options, things Like: PayPal, Debit Card, Online Gambling, Cash app, Gift card etc. Having the freedom of having so many options improved the players willing to deposit money by almost 49%!!

This is certainly something that the Gambling companies do have to look into since this will go long way, thus changes needs to be made, What do you think, how important this option is for you?

As expected Paypal is the favorite option and the second one is Debit card. I think gamblers favor those two options because if anything goes wrong with the casino they can initiate a dispute at the PayPal resolution center or file a chargeback at their credit card issuer and can get few other insurances against scams with their debit cards. It could be a guarantee against abuses of some untrustworthy offshore casinos.


source: https://www.gamblinginsider.com/in-depth/16968/paynearme-49-of-gamers-would-deposit-more-with-better-withdrawal-options

[ScamViruS]

I don't think it's the reason why many people don't want to make a deposit because honestly speaking, most of users didn't even read the whole TOS and just register new account. If there's no such thing aside username, email and password to create new accounts, they will make a deposit after completing that.

Mandatory KYC and withdrawal problem mostly occur when they already make a deposit, not before deposit.

This is indeed true. Most gamblers agree to the TOS without reading when signing up with a casino. As a result, those gamblers face problems later on, which could have been avoided earlier. This is a really bad habit, and changing this habit is important to avoid facing big problems. Sometimes it is seen that many players after completing the deposit find out that kyc is mandatory on that website! But this situation can be avoided by reading the TOS before creating an account on that website.

[Taskford]

The passage of mandatory KYC in the event of a conditionally large win by a player, here, it seems to me, on the one hand, the occurrence of circumstances of difficulties for withdrawing funds for the player himself, but on the other hand, it is also the responsibility of the casino for AML. But whatever it was, in fact, all these restrictions raise doubts for making a decision to make a deposit or not.

I don't think it's the reason why many people don't want to make a deposit because honestly speaking, most of users didn't even read the whole TOS and just register new account. If there's no such thing aside username, email and password to create new accounts, they will make a deposit after completing that.

Mandatory KYC and withdrawal problem mostly occur when they already make a deposit, not before deposit.

Most of the gamblers and I can say including me rarely read the TOS since I consider it the same with others also I don't have any intention to play intensively or even deposit a large amount of money on casino because I'm also aware about this issue as well scamming. If KYC immediately ask upon signing up for sure players will lose their interest since it creates bad impression not unless if the casino already establish a good reputation.

[KTChampions]

I wonder why I always hear about problems with the KYC when a player wants to withdraw his winnings, but I have never heard "the casino did not accept my money until I passed the KYC"?  Everyone understands that the long passage of the KYC (if it is successful at all) for many casinos is just an excuse to detain/keep the player's money. I don't think this is normal.

other reasons that may be given by the casino or notified by the rules when we create an account before playing. Casinos often say they need KYC to avoid money laundering attempts using their casinos.
Even before making a withdrawal, most casinos provide rules for making a few bets first, before being able to make a withdrawal.
as long as the casino keeps paying the winnings and letting us make withdrawals. I think KYC is not difficult for casino members to do.

Just because you can do something easily doesn't mean you want to do it. And if we are talking about a situation where a person can deposit money without KYC and play for it, but he cannot withdraw the winnings, then it is obvious that the point here is not in the fight against money laundering, but in the casino's attempt to delay payments. I prefer to do without KYC although I understand that if I ever reach high limits I will have to pass it.

[jostorres]

I think those first 51 percent are willing to gamble in any conditions because they want to have fun and make a profit so they are willing to deposit their hard earned money while the rest 49 percent will still hesitate if they will play or not but they will be looking first for some goodies like welcome bonus, deposit bonus, something like that and not because of those available payment methods.

They explored a new idea where having a player, having a traffic doesn't necessarily mean that the site got a new player, they generally didn't account it for until and unless they have made a ' Deposit '

This isn't a new idea but everyone knows this already that not all site traffic means that players are gambling using their money but there are those who simply check the site and there are those who login and watch other people play and then maybe they beg for others players tips or watch out for the rain drops if they can catch something.

[Mahanton]

I wonder why I always hear about problems with the KYC when a player wants to withdraw his winnings, but I have never heard "the casino did not accept my money until I passed the KYC"?  Everyone understands that the long passage of the KYC (if it is successful at all) for many casinos is just an excuse to detain/keep the player's money. I don't think this is normal.

other reasons that may be given by the casino or notified by the rules when we create an account before playing. Casinos often say they need KYC to avoid money laundering attempts using their casinos.
Even before making a withdrawal, most casinos provide rules for making a few bets first, before being able to make a withdrawal.
as long as the casino keeps paying the winnings and letting us make withdrawals. I think KYC is not difficult for casino members to do.

Just because you can do something easily doesn't mean you want to do it. And if we are talking about a situation where a person can deposit money without KYC and play for it, but he cannot withdraw the winnings, then it is obvious that the point here is not in the fight against money laundering, but in the casino's attempt to delay payments. I prefer to do without KYC although I understand that if I ever reach high limits I will have to pass it.

Whales wont really be having any problems because they are  the ones who do usually needing to sent out for verification or kyc requirements which is understandable considering the amount that they are deposit and withdrawing but its a personal kind of preference since not all are really that allergic when it comes to verifications or something correlated to it.
Trust is something that we do mainly seek off whenever we do have plans on depositing on a platform specially on new ones.It wont really be enough just for you to get some consideration
just because you do see its interesting.Of course you would really be needing to research more and this would be hard on new sites but just making use of your common sense should be enough.

[goinmerry]

Well, nowadays majority of the crypto gambling websites offer instant withdrawals,so I doubt this is priority for crypto gambling community. There were more anonymous casinos or bookies few years ago while it is hard to find reliable gambling platform nowadays. Promotions are important to bring more customers as first step btw.

Do you mean users prefer to prioritize mostly the way or method of withdrawals compared to deposits? Maybe that was true.

If I'm not mistaken and if my memory serves me right when the topic is about looking for factors in choosing casinos, it's always mentioned by most users that withdrawals should be fast and methods are those preferred by the majority. I didn't see yet much concern regarding deposit methods.

Either way, it's always a good consideration that gambling sites accept several deposit methods and are not just limited by a few options only.

[rodskee]

Well, nowadays majority of the crypto gambling websites offer instant withdrawals,so I doubt this is priority for crypto gambling community. There were more anonymous casinos or bookies few years ago while it is hard to find reliable gambling platform nowadays. Promotions are important to bring more customers as first step btw.

And actually that is the saddest part also nowadays as while all of casinos offers instant deposit and withdrawal yet cases like holding fund's and banning accounts happens because after a player won big amount?  Gambling site wil require this and that and will end up the players not getting his funds and ending to be scamming.

[KennyR]

The passage of mandatory KYC in the event of a conditionally large win by a player, here, it seems to me, on the one hand, the occurrence of circumstances of difficulties for withdrawing funds for the player himself, but on the other hand, it is also the responsibility of the casino for AML. But whatever it was, in fact, all these restrictions raise doubts for making a decision to make a deposit or not.

I don't think it's the reason why many people don't want to make a deposit because honestly speaking, most of users didn't even read the whole TOS and just register new account. If there's no such thing aside username, email and password to create new accounts, they will make a deposit after completing that.

Mandatory KYC and withdrawal problem mostly occur when they already make a deposit, not before deposit.

Most of the gamblers and I can say including me rarely read the TOS since I consider it the same with others also I don't have any intention to play intensively or even deposit a large amount of money on casino because I'm also aware about this issue as well scamming. If KYC immediately ask upon signing up for sure players will lose their interest since it creates bad impression not unless if the casino already establish a good reputation.

This is the reality when one makes an account in a gambling platform. He/she ignore the TOS and agree it, only when some problem arises he/she will go through it. Most of the Casinos never request for KYC, and people won't show interest upon such platforms. People are into cryptocurrency accepted gambling sites for its faster settlement and privacy. When the same is not there anymore, surely people will avoid it. Why such a situation, so gambling sites handle these KYC related activities very carefully.

[robelneo]

Which necessarily improved when the Gambling platforms had more withdrawal options, things Like: PayPal, Debit Card, Online Gambling, Cash app, Gift card etc. Having the freedom of having so many options improved the players willing to deposit money by almost 49%!!

This is certainly something that the Gambling companies do have to look into since this will go long way, thus changes needs to be made, What do you think, how important this option is for you?

They should look at it and add these options if this will attract players to deposit, casinos are employing a lot of means and strategies to entice their players to deposit and continue to deposit, that is why they have deposit bonus rank levels and free spins to entice them to deposit and play, of the many casinos I'm in not many of them have added different option to withdraw, they should look for this study and try to add more options for withdrawing if they can.

[khaled0111]

Users will certainly prefer to play at casinos that support their favorite payment method. So the more payment methods the platform supports the more customers it will attract which means more deposits and more profit for them.
Besides, having a wide range of payment methods makes the service look more professional and care about their customers and their confort.

The same apply to crypto casinos. Many of them support too many coins even if some of them will rarely/never be used.

[TopT3ns]

As expected Paypal is the favorite option and the second one is Debit card. I think gamblers favor those two options because if anything goes wrong with the casino they can initiate a dispute at the PayPal resolution center or file a chargeback at their credit card issuer and can get few other insurances against scams with their debit cards. It could be a guarantee against abuses of some untrustworthy offshore casinos.

~
source: https://www.gamblinginsider.com/in-depth/16968/paynearme-49-of-gamers-would-deposit-more-with-better-withdrawal-options

I think many are using paypal because the gambling platform is easier to attract users who make transactions using paypal because it may look easier, while people who use digital currencies such as cryptocurrencies and others do exist but there are still not many because currently there are still few who use it. cryptocurrency platform as one of the transactions to send money to gambling places.

[Naficopa]

As expected Paypal is the favorite option and the second one is Debit card. I think gamblers favor those two options because if anything goes wrong with the casino they can initiate a dispute at the PayPal resolution center or file a chargeback at their credit card issuer and can get few other insurances against scams with their debit cards. It could be a guarantee against abuses of some untrustworthy offshore casinos.

~
source: https://www.gamblinginsider.com/in-depth/16968/paynearme-49-of-gamers-would-deposit-more-with-better-withdrawal-options

I think many are using paypal because the gambling platform is easier to attract users who make transactions using paypal because it may look easier, while people who use digital currencies such as cryptocurrencies and others do exist but there are still not many because currently there are still few who use it. cryptocurrency platform as one of the transactions to send money to gambling places.

believe it or not - paypal does not work in our country.
There is so much difficulty in getting the payment from abroad - different countries -  different issues.

[ethereumhunter]

believe it or not - paypal does not work in our country.
There is so much difficulty in getting the payment from abroad - different countries -  different issues.

Yes, I believe that and it seems to be happening in many other countries. But gamblers who are addicted to gambling will not stop but will continue to look for other ways to deposit their money to play gambling. For crypto gamblers, it's clear they will continue to use crypto and I think many countries have allowed the use of crypto even though their government forbids gambling. But those people will still gamble because they already know how to gamble using crypto safely.

[rodskee]

believe it or not - paypal does not work in our country.
There is so much difficulty in getting the payment from abroad - different countries -  different issues.

Yes, I believe that and it seems to be happening in many other countries.

depend in which country's rules and laws but yeah there are some who has this strict regulation in getting payments.

But gamblers who are addicted to gambling will not stop but will continue to look for other ways to deposit their money to play gambling.

I can feel this , because I also use to do that, even how hard the regulations I managed to deposit and withdraw but the only problem is our  local wallets in which has also strict regulation.

For crypto gamblers, it's clear they will continue to use crypto and I think many countries have allowed the use of crypto even though their government forbids gambling.

and even if they cannot use crypto , still they will find gambling site that accepts fiat also.
 But those people will still gamble because they already know how to gamble using crypto safely.
[/quote]

[minime0105]

Well, nowadays majority of the crypto gambling websites offer instant withdrawals,so I doubt this is priority for crypto gambling community. There were more anonymous casinos or bookies few years ago while it is hard to find reliable gambling platform nowadays. Promotions are important to bring more customers as first step btw.

Not every cryptocurrency gambling websites that offer instant withdrawal you can explain or testify for the one you know better because not all the one you know that is cryptocurrency gambling that do instant withdrawal immediately,, unless it's new one that is looking way forward of getting new costumers. Casino gambling have varieties and it functions due to the rules and regulations of the platform to maintain their reputation

[jostorres]

I think it's always going to be the case. Imagine spending/cutting so much from your winnings because of withdrawal fees? That's going to be a deal breaker if you found something that would lessen the amount being deducted from your planned withdrawal amount? I do not think people will change their casinos for a second unless they have found something better, right? That could be this factor, though.

There are those sites where a 0.0005-0.005 btc is deducted upon withdrawing. If you are not a big gambler, it can be a pain but luckily most sites aren't like that but they only charge 0.00005 btc fee. This is not big unless maybe if you are an extremely poor gambler which only plays with tiny amount and your wins is also going to be tiny. Well a 5k sats can be life changing to you already.

The second thing that people prefer here in crypto gambling is privacy. They don't need those payment methods listed in the op but those are helpful for the centralized based casinos or those that have no relation to crypto and blockchain. They could attract more players if they have those.

[KTChampions]

Just because you can do something easily doesn't mean you want to do it. And if we are talking about a situation where a person can deposit money without KYC and play for it, but he cannot withdraw the winnings, then it is obvious that the point here is not in the fight against money laundering, but in the casino's attempt to delay payments. I prefer to do without KYC although I understand that if I ever reach high limits I will have to pass it.

Whales wont really be having any problems because they are  the ones who do usually needing to sent out for verification or kyc requirements which is understandable considering the amount that they are deposit and withdrawing but its a personal kind of preference since not all are really that allergic when it comes to verifications or something correlated to it.
Trust is something that we do mainly seek off whenever we do have plans on depositing on a platform specially on new ones.It wont really be enough just for you to get some consideration
just because you do see its interesting.Of course you would really be needing to research more and this would be hard on new sites but just making use of your common sense should be enough.

Whales are a special topic and I think that everything is different there too, depending on what kind of whale it is. If this is an anonymous whale, then he may have difficulties with the KYC because there may be some problems (real or far-fetched) with the verification of his identity. If this is a public figure/celebrity, then he will not have any problems at all, because even if they try to deceive him, one word of his can destroy the reputation of the casino forever.

[erep]

Whales are a special topic and I think that everything is different there too, depending on what kind of whale it is. If this is an anonymous whale, then he may have difficulties with the KYC because there may be some problems (real or far-fetched) with the verification of his identity. If this is a public figure/celebrity, then he will not have any problems at all, because even if they try to deceive him, one word of his can destroy the reputation of the casino forever.

The community of gamblers has different personality backgrounds as certain groups strongly avoid casinos that require KYC verification for some reasons to maintain anonymous profiles, other groups have no problem with KYC verification for legitimate online casinos. I have no problem with KYC online casinos if the casino has an official license, so it will not violate policy because it is strictly monitored to operate according to government regulations.