The online gaming industry has been growing for the last several years. Due to COVID-19, the inclination for online gaming has quickly expanded. According to Statista, the income in the part of the online games of the gaming market was supposed to reach USD 18,219 million this year. By the year 2025, the interest is required to encounter an annual growth rate of 0.9 percent with a predicted market volume of USD 19,047 million. The market is expanding rapidly but it is attracting minors, which is not great news for the enterprise. The widespread use of the internet is assisting young ones to gamble which is boosting concerns for parents as well as the gaming division.
The internet has loosened doors to obscure platforms for children, which is increasing interest amongst regulations. The joy of staying unknown on online gaming platforms is not fine for underage minors. You never understand when an imposter gets in touch with them and your gaming program is utilized for illegitimate activities. It is your duty to deliver online age verification checks to shield minors. Children can easily avoid the manual age verification checks where websites request for the date of birth only. Registering incorrect dates is not a huge deal for minors these days; hence, there is an urgent need for authenticating age online. There are several methods of how online age verification can guard online gaming sites. Let’s dive deeper into this blog.
What is Online Age Verification?
Online age verification points to the authentication of the age and identity of individuals before acquiring specific age-restricted merchandise. Online companies that sell age-restricted commodities, online gaming platforms are morally as well as legitimately bound to implement robust age verification checks to guard children against acquiring goods or services.
The significance of Corporate Social Responsibility (CSR)
All corporations have some duty toward society and other stakeholders of the business. Being a substance in the online gaming business, your duty is to reduce children onboarding and defend them as much as possible. Implementing easy checks that can be effortlessly avoided with incorrect data will not offer to Corporate Social Responsibility in the present world. You demand intelligent solutions and age verification services is one of the techniques of attaining the aim.
Enhance Compliance with IDV Regulations
Identity verification laws from the jurisdictions have become more strict over time, particularly for the companies running online. Along with the Financial Action Task Force regulations, there is various local regulations compliance with specific laws is not simple for the online gaming business. Online age verification can execute it useful for gaming platforms to achieve age verification conditions.
Synthetic identity fraud has progressed in this sector over time. Children use fake descriptions to perform the onboarding procedure whereas imposters use fabricated identities to hurt minor players on the platform. Apart from various varieties of identity fraud, the chargeback is another issue for gaming sites. With the guidance of verifying age, these sites can stop deceitful actions.
Stop Minor Exploitation
On the online gaming site, you never understand who is on the opposite side. Possibly an imposter gets in touch with children and practices them for unlawful activities. Without online age verification, children can acquire access to the platform, and misusing them will be simpler.
Enhance Brand Image
Separate from all the difficulties that an online gaming platform faces, supporting a reliable brand image is the most significant one. Online age verified checks assure the reliability of the website and develop faith amongst other contestants. You can enhance brand perception.
How to Implement Online Age Authentication Checks?
Implementing age verification checks is a judicial responsibility and the online gaming business has many opportunities to make the method more reliable.
The usage of the internet has revealed children to avoid age verification checks. This is not only health jeopardy but also a problem with the moral and social responsibilities of gaming programs. Minors can simply avoid regular age authentication checks on any online website. The anonymity on the gaming site is enticing, causing it tough for the gaming industry to prevent them. With the guidance of advanced technology, companies can apply online age verification checks to assure the protection of children.