In the UK, more and more customers are voluntarily and deliberately selling their personal information so that it may be used to register betting accounts in their names.
In an article published on Wednesday, January 1, The Guardian announced that it has conducted a follow-up investigation into businesses that offer customers the opportunity to sell their personal information, which is subsequently used to open and register accounts for gambling and sports betting.
Customers Can Lawfully Sell Information to Open Betting Accounts
The Guardian claims that throughout the holiday season, Kent-based Moneyful Ltd. has been allowing customers to earn quick cash by selling their data. The company claims that because the data is used to open bookmakers, consumers are permitted to earn thousands of pounds in this way.
See also:
- KSA implements a new policy of fines on casino licenses issued in the Netherlands
- Stake Gets Brazil License, Appoints Thomas Carvalhaes as Manager
- Minnesota Lawmakers Renew Push to Legalize Sports Betting
Moneyful Ltd requests that those who accept the sale upload identification documents, such as proof of address, a driver’s license, and other identification documents, that are often needed by bookmakers.
By requesting that those who sell their data also order Visa debit cards, which are then used to access casino accounts, Moneyful also stays ethical in its business operations. Customers who consent to sell their data receive £100 from Moneyful, and the company also pays an extra £100 each time current sellers recommend someone else.
Once more being transparent about how it makes money, Moneyful claims to utilize cutting-edge methods to maximize the opening of new player accounts at gaming and betting websites. Bonus hunting, also referred to as bonus abuse by bookmakers, is the conduct that The Guardian describes.
According to this theory, a person will only create an account in order to claim and use a bonus in the safest manner possible before taking any more profits out. Although it is not against the law in the UK, operators tend to prohibit players who abuse the system, much like they do with card counting at casinos in Las Vegas.
Simon Miller, the head of communications at Cifas, a financial risk advising firm, has also been contacted by The Guardian. Miller clarified that customers should avoid offers that look too good to be true and be cautious of anyone who claims they can make passive income.
Avoid Selling Your Information to Unaffiliated Parties
“We would encourage consumers to pause, reflect, and, if at all possible, seek a second opinion from someone they trust before providing sensitive information,” Miller continued. In response to The Guardian’s report, Moneyful has stated that all of the information the article detailed was already on its page.
However, the common view is that, even if a third party is trustworthy and above board, people shouldn’t sell their personal information and provide it to others. Moneyful is undoubtedly among the top businesses in the UK with the most solid reputation.
Source: The Guardian
Join us on all our social channels and groups
Gameongazette is present on:
