The Closed Loop Policy refers to a stringent set of procedures we implement to ensure the highest level of security and player protection. It involves the processing of financial transactions using the same payment method for both deposits and withdrawals.
Under our “Closed Loop Policy” when you request a withdrawal from your Betano account, the funds are required to be processed using the same payment method that you used for the deposit. This is to ensure that withdrawals are sent back to the same source from which the deposit originated.
1. Benefits of the “Closed Loop Policy”:
The “Closed Loop Policy” offers several benefits to our players:
- Enhanced Security: By processing transactions through the same payment method, we minimize the risk of unauthorized withdrawals to protect your funds and account.
- Preventing Money Laundering: The “Closed Loop Policy” acts as a safeguard against money laundering and other financial crimes by ensuring that funds are returned to the original source.
- Player Verification: The policy assists in verifying the identity of the account holder and reduces the chances of fraudulent activities.
- Transparency and Trust: Our “Closed Loop Policy” demonstrates our commitment to transparency and trust. Players can have confidence in our secure financial processes.
2. Exceptions and Special Cases:
While we strive to adhere to the “Closed Loop Policy” in all instances, there may be exceptional cases where withdrawals are processed through alternative methods. These exceptions are typically subject to our verification procedures to ensure the security and legitimacy of the transaction.
Betano's “Closed Loop Policy” is an integral part of our commitment to player security, responsible gambling, and transparency. By processing financial transactions through the same payment method for both deposits and withdrawals, we ensure enhanced security, prevent money laundering, and foster trust among our members. As always, our dedicated customer support team is available to answer any questions or provide assistance regarding our “Closed Loop Policy” or any other aspect of your gaming experience at Betano.
For more details, please access our Deposit and Withdrawals section, at the bottom of our main page.