KYC Policy of Pistis Trade N.V.
Last updated: 20.1.2025
When a player makes an aggregate lifetime total of deposits exceeding EUR 2000 or demands a withdrawal of any amount inside the https://711bet.com.ph bookmaker, then it is compulsory for them to perform a complete KYC process
During this process, the player will have to input some basic details about themselves and then upload
1) A copy of the Government Issued Photo ID (in some cases front and back, depending on the doc)
2) A selfie of themselves holding the ID doc
3) A bank statement/Utility Bill
Once uploaded, the user will get a “Temporarily Approved” Status, and the documents will now be on our side. and the “KYC Team” will have 24 hours to go over them and email the user about the outcome:
– Approval
– Rejection
– More information needed – No Change in Status
When the player is on “Temporarily Approved” Status, then
– They can use the bookmaker normally
– They cannot deposit more than EUR 500 in aggregate total
– They cannot complete any withdrawal.
Guideline for the “KYC Process”
1) Proof of ID
- Signature: Is there
- Country is not a Restricted Country: United States of America and its territories, France and its territories, Netherlands and its territories and countries that form the Kingdom of Netherlands including Bonaire, Sint Eustatius, Saba, Aruba, Curacao and Sint Maarten, Australia and its territories, United Kingdom of Great Britain, Northern Ireland, Spain, Austria, and Cyprus.
- Full Name matches client’s name
- Document does not expire in the next 3 months
- Owner is over 18 years of age
2) Proof of Residence
Bank Statement or Utility Bill
The country is not a Restricted Country: United States of America and its territories, France and its territories, Netherlands and its territories and countries that form the Kingdom of Netherlands including Bonaire, Sint Eustatius, Saba, Aruba, Curacao and Sint Maarten, Australia and its territories, United Kingdom of Great Britain, Northern Ireland, Spain, Austria, and Cyprus.
The full name matches the client’s name and is the same as the proof of ID.
Date of Issue: In the last 3 months
3) Selfie with ID
The holder is the same as in the ID document above
ID document is the same as in “1”. Make sure the photo/ID number is the same
Notes on the “KYC Process”
1) When the KYC process is unsuccessful, then the reason is documented, and a support ticket is created in the system. The ticket number, along with an explanation, is communicated back to the user.
2) Once all proper documents are in our possession, the account is approved.
“Other AML measures”
1) If a user has not passed full KYC, then they cannot make additional deposits or withdrawals of any amount.
2) If a user has passed the KYC process successfully, then
There is a deposit limit per transaction (max EUR 2,000)
Prior to any withdrawal, there is a detailed algorithmic and manual check on the activity and balance of the user to see if the amount withdrawn is a result of proper activity on the platform.
Under no circumstances may a user transfer funds directly to another user.