Citizen
Review
Founded in 2017, Citizen became regulated in 2019 as one of the first companies licensed to provide instant payments and identity verification through Open Banking. Citizen PayBlox allows instant banking and account verification for merchants who wish to process guaranteed payments quickly and securely from their customer’s bank or financial institution, an increasingly sought after service for players and online casinos alike.
Historically, payments via conventional banking methods such as debit and credit cards or bank transfers can take from one to several working days. Fast payments have often been used as the benchmark of a good casino and attracting more customers by offering a smoother experience with no payment delays means online casinos and players are turning towards instant banking products like Citizen PayBlox.
Citizen PayBlox integrates a casino with the open banking network of payment processing, allowing your bank or financial institution to guarantee virtually instant transactions. In short, PayBlox talks directly to your chosen source of funds to check your payment id and facilitate the transfer. In addition, Citizen PayBlox will authenticate personal information, allowing online casinos to integrate registration and comply with KYC (Know Your Customer) and AML (Anti Money Laundering) requirements without the need for document requests for a streamlined playing experience.
Citizen PayBlox works within the open banking framework through your chosen bank’s API (Application Programming Interface). Your bank’s API is a secure application that checks and verifies your account name, sort code, account number, and guarantees the requested funds for transfer. The approval is sent from your bank’s API to PayBlox, and the transaction is processed. Citizen PayBlox makes payments faster than traditional methods verifying a customer’s identity easy.
Using a casino with Citizen PayBlox confirms account ownership with real-time bank account data, allowing instant registration in seconds, creating a quick and easy onboarding process, removing the need to fill out lengthy online forms or complete a manual registration process. Identity and address are checked with every transaction and designed to fulfil most standard AML and KYC legislative requirements. Because information is communicated immediately through the open banking system in real-time, no sensitive data is stored with the online casino.
Upon returning to a Citizen PayBlox casino, further transactions are processed the same way by depositing directly from your bank with the standard security checks. Making a withdrawal can be just as fast, with cashouts reaching accounts in seconds. Be aware that although Citizen PayBlox works in an instant, without delay, some online casinos will employ a manual system for checking each withdrawal before giving it approval. When used correctly, players can deposit, withdraw and avoid delays by using instant banking with Citizen PayBlox.
In summary, using Citizen PayBlox to make transactions and play at an online casino can be fast, simple and efficient, allowing instant registration, deposit and play. When PayBlox has been integrated for onboarding customers, signing up to an online casino is simple and straightforward. Deposits and withdrawals are completed within record speeds, securely and with identity and address verification. Some KYC procedures and document requests can be avoided by using PayBlox, which checks and provides any requested customer data at the point of transaction.