BEWARE! Bet770 might be taking some good old time to pay out!
|Written by Gaby Varji|
|Friday, 18 May 2012 22:45|
Another frustrated player touched base with SBR to inform that his sportsbook, Bet770, has been stalling on a payment he requested back in April 7th of this year. To a certain extent, the player understands why the verification process for the payout of £838 was so long and tedious. He complied with everything requested in the KYC drill but since then he has been refused with an update of where his payment status is.
For those who do not know what the KYC drill is, we are glad to explain. The KYC drill that stands for Know Your Customer is a strict regulation that is set upon financial institutions where they are instructed to fully identify their clients and get all the important personal information before settling any type of business or transaction of great value or importance. The KYC drill works hand in hand with the Anti Money Laundering strategy (AML). The KYC drill will go as far as researching specific documentation in regards to accounts, identification records, and transaction records especially the ones involving large amounts and other.
Bet770 has tried as much as possible by cooperating with SBR to improve their position in the SBR ratings. Not so long ago Bet770 was able to climb up on the ladder going from a D+ to a C- .