iGB Intelligence reports Jumio-IGB Abandonment in Gaming White Paper | Page 14

The end of the customer journey? Churn and abandonment due to poor payout processes. Player forums abound with complaints about slow and cumbersome payout processes and are frequently cited as reasons for a player’s decision to churn to another site. These issues apply to small and large amounts alike, but regardless of whether the player or operator is responsible for any delay, what is certain is that players will say responsibility lies with the operators and will discuss their grievances on internet forums and chatrooms with other players. Beyond player grievances however, data from CRM specialist Optimove showed how quickly up to a third of igaming customers churned within a monthly period. “ I deposited $40 with XXX last year and when I did the withdrawal process I had to take pictures of my ID, my front and back of my debit card that I used to deposit the money and a couple other things. But they kept saying the information I was sending them was not clear through fax so I had to keep sending it until they got it right.8 ” Comment from online player forum Optimove’s data revealed that: 1 in 4 players churn within 14 days of their first deposit, 4 3 8 https://www.reviewed-casinos.com/player-comments Payout processes can vary widely depending on many factors: the country in which the play took place, the amount of the payout, the standard of play exhibited by the player and Anti-Money Laundering compliance requirements. 1 in 3 players churn within 28 days of their first deposit, 70% of the average operator’s player-base is inactive. 2 A A 4 The data above provides some insight into how quickly up to a third of igaming customers churn within a monthly period. Mobile gaming registration and deposit abandonment benchmarking study 14