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Licenses and Security at Casumo

October 20, 2017 Posted in FAQ by No Comments

Whether a beginner of a professional, we can all agree that security should be prioritized. To that end, we have compiled an article giving insight on the security situation at Casumo. We have structured our article in form of simple frequently asked questions for an easier understanding.

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Is my money safe at Casumo?

Since they are subject to regulatory oversight by the UK Gaming Authority, your money is always safe. This is since the gaming authority requires Casumo to cover all players funds .In addition, all Casumo.com connections are achieved over SSL encrypted connections. Also, all their payment methods conform to PCI standards.

DO casumo have gambling licenses?

Casumo is licensed and hence regulated by two European watchdogs. They have gaming licenses in UK and Malta. In case the casino operates outside the confines of law and laid down procedures, they can have their licenses revoked. Therefore, you, as a player, are always guaranteed of a fair gaming environment.

How can I be sure that the games are fair and random?

To ensure a fair gaming environment, all games at Casumo run on a random number generator and hence there are no pre-determined outcomes. Additionally, all their systems have a clean bill of health from a reputable third party firm.

Do I pay taxes on my winnings?

Additional tax levies can hugely affect your bottom line. At casumo, since they have an EU license and they are domiciled in Malta, you don’t pay taxes on your winnings. Literally, what you win is what you get. However, you should note that your winnings may be subject to additional tax cuts if you are not playing from EU.

Why do I need to verify my account?

A common practice in gaming industry, online casinos always require verification of an account before you could access all features of the casino; Casumo online casino is not an exception. Since they are regulated, Casumo is required to enact measures to mitigate money laundering and to offer a safe gaming environment. Therefore, you may be requested to provide verification documents when making a withdrawal or in some instances, when making a deposit.

How do I verify my account?

Verification of a player account at Casumo is very straight forward. You only have to upload relevant documents and boom, you account will be fully functional. To verify your identity, you are required to upload a copy of a valid identification document such as a driving license, passport or national identity card. You may be also prompted to provide proof of address and a copy of a utility bill can do the trick. Additionally, to verify a deposit made by wire transfer, you are required to submit a bank statement indicating at least one deposit to Casumo casino. Also, to verify deposits made via a credit/ debit card, you are required to upload a bank statement with the card in question showing at least one transaction.

Verifying deposits made via ewallets is easy since you are only required to provide a screenshot of your transaction history and personal details.

Read our full review of Casumo Casino!