How Know Your Player Verification Ensures Online Gaming Safety

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 The online gaming industry is a new trend amongst youngsters and adults. It has picked up a hype, especially at the peak of COVID-19.  Mobile games in the games market generate the highest revenue. while console games generate.

One-third of the revenue of the worldwide game. 

Although great market revenue is good for the economy, this has also opened doors for minors to engage in gambling and illegal gaming. Age verifications of players ensure to secure online gaming platforms from gaming frauds. 

Know Your Player- Online Age Verification

Online age verification is a part of know your player verification. 

Online age verification is the process of verifying the age of an individual to prove their identity details. These verification checks are necessary to ensure that minors do not get access to age-restricted products and services. 

Know your player age verification has two main verification checks that are 

  1. ID document verificationing – Verifying age are passing through documents provided. Such as passports, ID cards, or driving licenses and making sure these documents are not spoofed or tampered with. 
  2. Biometric facial recognitioning- Verifying age through 3D liveness detection will be and making sure the image provided is of the person detected. 

How Online Age Verification Reduces Gaming Frauds?

Age verification is a corporate social responsibility of all industries and sectors. Additionally, all companies are held responsible towards the community and other Know Your Business  to prevent any minor from accessing dark web services. 

Online businesses use traditional methods of age verification to know your player verification. This verification includes a form where the individual has to check a box that reads “ I am above legal age” or manually asks individuals to input their age. There are many benefits in incorporating know your player verification, such as the following. 

Fast and diligent verification compliance

Identity verification checks are must to know your player verification by regulations from the authorities. These regulations are becoming stringent over the course of time, especially for online businesses. FATF recommendations, UK Gambling Commission, and COPPA are some of the regulations that a gaming business must adhere to in order to avoid fines. Even though compliance with these laws is not easy, these can easily and quickly be having to be achieved will be age verification checks. 

Prevents gaming frauds

There are have been many types of gaming frauds that can be prevented through knowing your player aging verification checking. 

  1. Minors present themselves as adults and use these fake identities to complete their profiles. 
  2. Fraudsters harm underage players by using forged identities. 
  3. Users take back their amount from the gaming industry by claiming from their banks that they have not used their cards to make any payments.  
  4. When credit card details are having being compromised, fraudsters using these details to top-up gaming accounts, and then these payments are being withdrawn through bitcoins. 

Prevent exploitation of minors 

Fraudsters can threaten minors and get access to their gaming accounts to perform illegal activities. In order to enhance online gaming safety, age verification can be a prompt solution and enhance the know your player verification process. 

Improves the image of the gaming business

Maintaining a credible and authoritative business is good for both the businesses and the users. Know your player ensures a brand image that brings in more customers to the  kyb checks business. 

To wind it up, 

The internet is full of exposed minors and fraudsters trying to dodge robust and effective age verification checks, which put a question mark on the ethical and social responsibility on the gaming platforms. . These minimize the risk of online gaming frauds and entail a secured society. 

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