Quote:
Originally Posted by Casinomeister
But if your winnings are $1000 plus, then expect to produce your passport or DL, and you'll be signing forms from the US IRS.
Online is similar, asking for documentation would drastically slow down the sign-up process probably by days.
Be honest with yourself - I would guess that 99% of you would skip that casino and go to one that doesn't require ID upfront. 
So what are you complaining about?  |
I guess my question is why are verification documents needed at all?
The only reason the B&M casinos require ID after a win is when the win is big enough so that they legally have to get the info so that the player has to pay taxes on their winnings. Online casinos do not have this issue to contend with.
At a B&M casino, when the funds to play with are either brought in to the casino in cash or your ATM is used, you do not need to show that the cash is "yours".
When you use one of the credit-card based "insta-charge" systems, you are required to show your ID to prevent fraud up-front, or you do not get the money.
My point was that online casinos don't seem to care if there is any fraud involved when they get your money, only when you try to claim your winnings. It seems just a tad self-serving to me. I mean, really, what's the point?
I gave Bodog several thousand dollars over a 12 month period two years or so ago. They never asked for any ID. But when I tried to cash just a couple hundred dollars, I was required to produce copies of both debit cards I had previously used to deposit at their site, even though I hadn't used the cards to deposit in some time. For what purpose?
I'm sorry if I am missing the point, but I'll ask my question again: For what reason is this practice legitimate? And why is it OK to accept deposits without ID to prevent fraud, but require it only at cash-out? What exactly is the purpose?
