Proof Of Income Will This Pass

[goldkingcoiner]

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.

You provided proof that you have a legitimate source of income worth $500. That was all they asked for, and all the proof of salary they need. As long as they do not have evidence that that money came from laundering or drug dealing, terrorism or etc., then you are ok. The casino will not have legal grounds on taking your money or freezing your withdrawals.

That being said, I would rather stay away from a casino that demands such in-depth, personal documents. A good casino would have to have a very large amount of distrust in one of their gamblers to ask for such documents. If they imposed such a degrading interrogation on everyone, they would lose their user base really quickly...

[Johnyz]

As long as you have the proof of income that can work, even if you think is not that big.
The site is just making sure that your money is not came from any fraud and once you cooperate with them for sure you can easily get your winnings. Gambling sites are just strictly implement the AMLA protocols so we might see more of this especially if you are able to hit the jackpot by just depositing a small amount of capital.

[romero121]

Op is thinking beyond the reality. No casino will shoot such questions when an user goes for withdrawal. If one of the casino is making such a statement or requesting the proof of income so to withdraw the winning, then it is indication of being scammed.

No trusted platform gets into such kind of activity with the normal gambler. Similar things could happen when the price of bitcoin is high and a common user who haven't deposited big money makes a huge deposit all of the sudden. Maybe in such scenario the proof of fund might be requested.

[FatFork]

Many online casinos require players to provide proof of where their funds came from. In some cases, in order to prove that you are using your own money, a casino may ask for a copy of your bank statement. This is all part of the license agreement operators have with regulators, and it's not uncommon. You may be required to provide proof of your source of funds if you make a large deposit or withdraw large amounts of money repeatedly. Not everyone is aware of this requirement, though.

However, it's reported that some online casinos have dismissed customers' financial information as unreliable and closed the account in question. I think most complaints regarding rejected source of funds documents originate from dubious operators without proper gambling licenses. They may be trying to avoid paying out winnings or are just plain dishonest. The best way to avoid getting caught up in this kind of scam is by doing your research before making a deposit. If a website is licensed by an internationally recognized regulatory body, then you can rest easy knowing that it's most likely safe. And if you have any concerns about this, I'd advise against depositing money into an account and instead look for a legitimate gambling site that you can trust.

[seleme]

Basically salary confirmation letter with stamp should be enough to prove that you have enough credibility to make deposits. It is not business of casino to check every detail and ask for additional documentation for source of funds. Exception may be depositing over $50k in rare cases, IMO.

[Eureka_07]

<snip>

No, it will not violate anything. Casino should not close your account if that will be the case.
I think your account will only be suspicious if you deposit thousand of dollars and you have given them the proof of your income which states you are only earning like $300 per month - in this case, you should justify how were you able to deposit such amount while earning way lower than that.
Moreover, in case of withdrawal, it should not matter a lot, think about lucky players who only deposit $20 and won  thousands.

[DoublerHunter]

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.

^The questions is, would you? Would you gamble on that amount based on your income monthly?
Gambling casino is not an exchange asking for proof of income for withdrawal, I did not hear about this casino yet but if they are intended to scam you, this could be their alibi if they will not give your winnings. I don't see you violating principles for fun if this is not against your will. If you let your family will starve to death in exchange for satisfying yourself with gambling, it is up to you.
However, I wonder if there is a gambling casino having these kinds of terms, it seems fishy on my side.

[coolcoinz]

I think the problem is more evident when they would also ask you for a statement of your account and not just proof of your salary.
Because from that it would emerge that you spent a part on "classic" expenses to support yourself/family, go shopping at the grocery, pay bills, etc...
At the same time how did you manage to deposit the same amount in the casino?
in any case it is something very subtle.
you can always prove the bottom line of your earnings, and I don't think any casino should declare it as "unreliable".
Obviously if they want to make a scam they can declare anything to deny a payment....

in any case even if you are violating the "principle of gambling for fun" this is not a good reason to close your account or deny you a withdrawal if you win

Exactly! Many people have no income but a lot of money to play with.
Examples? People who inherited money, rich students who have the money but don't work anywhere, people who divorced and don't have to work anymore like the wife of Jeff Bezos.
For many people showing proof of income is impossible and what then? They get scammed by the casino because they can't jump the hoops?

That said, I think they have no right to demand that. What I have on my account and where I work is private information. I'm not going to share that when a private company asks me.

[serjent05]

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.

Proof of income does have something to do with the wagering deposits, but the Casino doesn't mind if the player deposits all his earnings and plays on that platform.

I say that proof of income do have something to do with the wagering deposits because in a logical thinking we cannot deposit anything more than what we are earning, but there are cases where a player can deposit money way more than his salary stated, so the casino wanted to dig-in as to where is the extra fund coming from.  This is the way the casino detects money laundering possibilities.  But if we are able to provide the needed documents to prove our deposit really comes from our earnings, then the casino doesn't have a say if we play the whole of it or not.

[o48o]

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.

It's not because of casinos want to do that. It's because they are required to do that by law if they suspect something. Same goes with exchanges or any virtual asset provider that deals with money. Same goes with banks these days. This is part of FATF new regulations about money trail so we just need to get used to it. I seriously would hope that crypto people would read about this because it seems they don't understand what's coming and how much things have changed for good.

[danadc]

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.

That can work since the casinos might also consider that you are able to save some money since you are earning enough and capable of playing on their site. If the site started to require you with this then probably you are able to hit big profits from them, just don’t panic and coordinate with them as long as you have a proof of income then you can be good. Though don’t ever think to falsify your documents or else you might experience another problem and you might not be able to get your winnings.

There is something I don't understand, why does a casino ask for a salary condition? And if the person doesn't work, why does the casino ask for that? Under what conditions can this occur? It is the first time that I see that a casino asks for proof of salary, I thought that the casinos are interested in putting money and spending on the games, but they were not interested at all in where a person's funds come from, that is like the banks that ask for proof of origin of funds and see if they can block them, if these policies are being applied to casinos that is not something that I like very much, it does not attract my attention.

[Saint-loup]

Basically salary confirmation letter with stamp should be enough to prove that you have enough credibility to make deposits. It is not business of casino to check every detail and ask for additional documentation for source of funds. Exception may be depositing over $50k in rare cases, IMO.

Have you read this thread and this one about that matter? They don't care if it's their business or not, if they want to lock your funds, they will require it and ask endless additional documentation. And you don't need to deposit $50k to get this kind of requirement, they can ask it after winning few hundreds of dollars, casinos are not all fair and honest unfortunately.

[Wakate]

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.

If a casino ask for proof of income then I think they just wanted that to proof that you are working for your not to accuse you of anything. Moreover, using almost all your salary to make bets on there platform should not be a problem for then because, they can't or in any position to tell you how to spend your money.
It is even a bonus for then having a diligent gambler that uses part of his fund to play bets, whether you are always winning or not. Gambling is a choice and any casino that looks like a thread to us on how we spend our money can lose their potential customers.

[CryptoHeadlineNews]

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.

Wait.. am I the only one seeing that this casino "proof of income" is one requirement that doesn't make sense at all? Because how can a casino who never asked for proof of income when depositing funds, now be requesting for proof of income when trying to withdraw my own funds? Because it literally just sound insane. But however,  I don't know who may have gone through this mess, but if an individual could to fund his/her gambling account, such individuals should also be given the privilege to cashout his funds too.

[sunsilk]

If a casino ask for proof of income then I think they just wanted that to proof that you are working for your not to accuse you of anything. Moreover, using almost all your salary to make bets on there platform should not be a problem for then because, they can't or in any position to tell you how to spend your money.
It is even a bonus for then having a diligent gambler that uses part of his fund to play bets, whether you are always winning or not. Gambling is a choice and any casino that looks like a thread to us on how we spend our money can lose their potential customers.

Well, a bonus indeed because it smells profit for them if someone spends all that he's got from his salary and deposits it on them. But this type of questioning seems to be a bold thing and more a serious matter for the bigger gamblers.

The casino, if they're too concerned about your spending habits, they've got a self exclusion policy that they can suggest and it's there at most times.

And even before a gambler gambles and deposits, they can just reason out that you've signed for their terms of usage so whatever they ask, they should be complied.

[Die_empty]

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.

The casino might ask for Proof Of Income if you are under any form of financial investigation by law enforcement agency. Apart from this reason I don't see any reason why they should ask for it. Law enforcement agents might mandate them to ask for this if they want to track your income as well as expenditure. I would never play with a casino that would ask me for such information because they are invading my privacy. My proof of income is a confidential document and putting it in a public domain such as the casino company might expose my and my family to criminals. It would also be senseless to use deposit your entire salary in a casino. Are they now acting like banks?  

[Wexnident]

No, not really. The thing they worry about the most is whether your deposits are indeed inside your salary range, now whether it was minimum or maximum, they wouldn't worry much. After all if it wasn't, then you're getting your deposits outside of legal sources which is where they would start worrying. Plus, they can safely assume that you have some sort of other sources you use for your daily living expenses, rent, etc. And as we can see with their exclusion policies, it starts with you, not with them.

Exactly! Many people have no income but a lot of money to play with.
Examples? People who inherited money, rich students who have the money but don't work anywhere, people who divorced and don't have to work anymore like the wife of Jeff Bezos.
For many people showing proof of income is impossible and what then? They get scammed by the casino because they can't jump the hoops?

I'd think they'd accept other proofs of where your money came from whether it be from inheritance or whatever, and if they can't provide it the casino simply cuts them off afaik. Now whether the money deposited (or left over) gets withdrawn or not is a different issue, but it's probably stated in their TOS.

[wxa7115]

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.

When a casino ask for that kind of information they care about where the money is coming from, so as long as you can demonstrate that it is coming from a legal source there should not be any problem.

Now it is true that if the amount of money that you deposit each month matched exactly the proof of income you showed this may seem odd, but there are people that have several sources of income, so this alone cannot be used to assume you are using all your income to gamble, now there could be a few people doing this, but they are minority, and casinos are not going to audit you to separate those which are doing this from those which have a larger income.

[Finestream]

If you only even provide that amount and you are collecting just that amount which is $500 as monthly salary, that should not be a reason for a casino not to enable you to withdraw, if the casino do not alllow you to withdraw, that is a scam. Why casinos not ask of proof of income before deposit, but asking when withdrawing. I do not always like casinos for easy registration and deposit and a hard way of withdrawing.

I guess the only concern for the casino is to verify your source of funds so as to clear from suspicion of fraudulence that will also make their casinos put in danger. It’s part of KYC so as to protect both the gambler and casino as well. But if I’m not mistaken, it should be ask when registering and not only in time for withrawing. Otherwise, the casino itself might consider a scam if the operators will hold your funds.

[worle1bm]

I have heard for the first time that any casino asking for your salary slips in order to let you withdraw as KYC is normal these days but going to this level then I would simply quit because what I am doing with my money they should not be concerned once I verify myself and this will be too much.

If we say they want to know about source of income to judge whether we have that much amount to gamble or not then they are just making business profits margins decline which they will never allow to happen and I don't we will have this situation.