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Why do I need to verify my identity?
Why do I need to verify my identity?

I want to use my wallet/withdraw my balance, why do I have to do KYC?

Oliver Nielsen avatar
Written by Oliver Nielsen
Updated over a week ago

It is common practice that you will have to complete a KYC process when making financial transactions. The law and various guidelines set the agenda for how KYC works when users have to make financial transactions. We must comply with several guidelines issued by the Danish FSA, the Danish Money Laundering Act, and the EU Anti-Money Laundering Programme πŸ‘¨β€βš–οΈ

Therefore, we need to verify that the users receiving payments from us are the holders of the account they want to be paid out to. Legally speaking your balance/GamerPay wallet acts as a bank account, and therefore the KYC-process is required 😊

If you are less than 18 years of age, parental consent is also required, as well as a photo ID of the guardian signing the consent and a certificate of personal data that links you to your guardian. Learn more on the button below πŸ‘‡

NOTE: If you make a purchase with any type of payment card, such as debit and credit cards, you will not be required to verify your identity.

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