Frequent Questions (FAQ)
We do our best to answer all questions our supporters may have.
How much money can I make?
This depends on how many customers you have, how much money they bet and how good/lucky they are. All depends on your number of customers. B-A-B may also help you to bring new customers to your establishment as well as more visits by your existing clientele, so you may sell more of your products as well. We will make you successful!
Is this legal?
There are some 200 Countries in the world and many of them are divided into States, which are more or less self-governed and may have their own legislature and tax authorities. So, it is safe to say that there are more than 1000 jurisdictions, and Be-a-Bookie can not possibly be experts on the law, licensing, moral viewpoint, prohibitions, taxation and all other local rules and regulations or lack of such, in all these areas. It is therefore your responsibility to investigate the situation in your area as to the feasibility of operating the Be-a-Bookie system. We are happy however to give you advice if you tell us what the local legislation is, then we can point you in the right direction for co-operating with your local authorities if this is required. We have a vast experience at working in many different countries.
Where can I operate?
You can operate anywhere in the world, if you have an uninterrupted power supply and broadband. Be aware that you must prevent anyone under the age of 18 from betting or depositing to accounts. It is your responsibility to check.
I run a charitable organisation can I operate this system?
Charities are welcome to join this scheme; in fact we have extra special and generous terms for all registered charities. You will need a valid registered charity number in your country to apply for this.
What is KYC?
BaB may have to ask for all or some of these details depending on your circumstances, jurisdiction and legal situation.
KYC requirements Location of the business , proof of address , utility bill, rates etc Occupation or nature of business experience Proof of license for betting
Expected pattern of activity in terms of transaction types, dollar volume, and frequency Expected origination of payments and method of payment Local banking facilities Articles of incorporation, partnership agreements and business certificates
Identification of beneficial owners of an account or customer Details of other personal and business relationships the customer maintains Approximate salary or annual sales AML policies and procedures in place Third-party documentation Local market reputation through review of media sources
For Accounts of individuals, the company will require the following information and documents under KYC. 1. Legal name and any other change in names used. 2. Correct permanent address The individual/s will have to provide the original document for verification and submit a copy for the Bank’s record. • Identity Proof(any one of the following) i. Passport ii .Driving license with photo id iii. Identity card (subject to our satisfaction)
• Address Proof(any one of the following) i. Utility bill ii.Bank account statement received by mail / courier along with signature verification by the Banker or a cheque drawn on that account for a minimum amount as specified by the Bank, deposited into the account Documents Required For KYC For Accounts of Companies/Partnership Firms/Trusts & Foundation, a different set of documentation and information is required. Account Holders may be requested to furnish their recent passport size colored photograph along with the signed KYC submission format on the companies request. It is also important to note that there is a requirement for the periodic updating of KYC Information as and when called for by the company. If the company is unable to apply appropriate KYC measures due to non-furnishing of information or non-cooperation by the customer, the company has the right to consider closing the account or terminating the banking relationship after issuing due notice to the customer explaining the reasons for taking such a decision.