The banking verification mentality: a conversion killer in the betting world
The banking verification process is extremely cautious and rigid, requiring information such as proof of address, identity documents, and bank details—all aimed at preventing financial fraud.
However, in the iGaming market, especially among Brazilian bettors, this approach becomes an obstacle to the user experience.
Brazilian bettors, in particular, prefer a fast and seamless experience. When faced with long and bureaucratic verification processes, they tend to abandon the platform, resulting in very low conversion rates.
Why banking KYC doesn’t work in the betting market
As mentioned earlier, banking systems demand complex and often unnecessary data for the betting context.
In this scenario, Brazilian bettors are not accustomed to strict and time-consuming processes, leading to frustration and abandonment.
Some of the main challenges include slow verification, a lack of adaptable systems, and the complexity of the required documents, all of which drive bettors away and negatively impact conversion rates.
How Legitimuz ensures the highest conversion rate in the national market
Considering all these challenges, Legitimuz offers a fast and efficient KYC solution designed to solve these issues and enhance the user experience in the betting market.
The main benefits include:
* Instant verification process: Legitimuz performs automatic checks in under 30 seconds, eliminating delays.
* High conversion rate: The platform maintains a conversion rate of over 80%, significantly improving results.
* Efficiency on older mobile devices: Legitimuz optimizes the process to work on low-performance devices, expanding bettor reach.
* Acceptance of various digital documents: The system accepts a wide range of digital documents, making verification easier.
These factors not only boost conversion rates but also enhance the user experience, ensuring that bettors complete the verification process quickly and without friction.
In other words: don’t make the same mistakes. Focus on user experience and do things differently. Rely on Legitimuz to become a true inspiration!
Click here and speak immediately with a Legitimuz specialist!
Source: Legitimuz
