In order to comply with international anti-money laundering regulations and for the protection of minors we are obliged to verify your identity, i.e. that you are the individual whose details have been used to open your account.
The easiest way of doing so is by making a deposit from a bank account held in your name. If you do so using the popular service SOFORT and your internet banking enabled bank account, the funds will be available in your account immediately and you are done with the identification process. You can also make a manual transfer of course, in this case it takes 1-2 working days however for the funds to arrive and being credited to your account.
In case you do not want to make a deposit by bank you can use the service SOFORT Check whereby you only need to login into your internet banking enabled bank account through such service. Doing so allows us to match the name such account is registered on with the name of your RaceBets account. No money is transferred, nor is any other information exchanged.
If you do not have an internet banking enabled bank account we might instead be able to verify your bank account ownership through a third party (SCHUFA) and then transfer 0.01 Euro to your bank account. Such transfer will contain a unique code in the reason of payment that you need to enter on our website in order to complete the identification.
In the near future we will offer a video identification service as an alternative if none of these methods appeals to you.