The delay in manual analysis is one of the biggest challenges faced by betting platforms.
This process does much more than just harm the user experience, it also generates hidden costs that directly affect the profitability of operations.
Therefore, with every second of waiting, platforms lose more than time: they lose conversion opportunities and, consequently, revenue.
The invisible villain of conversion: waiting for manual analysis
Manual analysis has become a major hurdle on betting platforms and services that require identity verification.
This time-consuming process creates impatience among users, who end up giving up on the platform.
More clearly, recent studies reveal that 55% of users abandon the verification process when it takes more than 2 minutes.
Furthermore, when the wait exceeds 30 seconds, the conversion rate decreases significantly.
On platforms where waiting times exceed 5 minutes, abandonment rates can reach 80%.
This means that with every minute of waiting, the probability of conversion decreases and the negative impact on profitability is great. After all, user experience is key to conversion, and delays destroy this experience.
The answer to a quick and accurate check
Binary technology is changing the game of identity verification, and now, there is no more room for slow or inaccurate processes.
This is because the need for instant and efficient verification, without compromising security and compliance, is more evident than ever.
This way, with binary technology, verification is done in seconds, with no room for doubt.
The answer is clear: yes or no. There are no more uncertainties in the verification process that create frustration for users.
How does binary verification work?
Binary technology evaluates several parameters at the same time, such as documents, biometric data and other variables.
Once this is done, the system processes this information quickly and returns the response in real time, eliminating the wait.
The price of every second of waiting
Prolonged waiting, in addition to having an impact on the operator’s pocket, has a direct psychological cost, since the human brain, when waiting for a reward, goes through an emotional reaction that affects the user’s behavior.
To better understand, we are talking about dopamine, a neurotransmitter associated with the search for rewards, which reinforces motivation when the response arrives quickly.
Therefore, the faster the feedback, the greater the user’s satisfaction. This is because the brain associates an immediate response with a positive reward, which encourages the user to continue.
How Legitimuz can transform your verification process
The solution to eliminating the manual analysis queue lies in technological partnerships that ensure fast and accurate checks.
In detail, Legitimuz, an identity verification platform, offers exactly that: the fastest KYC in Brazil.
id tech uses cutting-edge technology to perform checks in real time, without the need for manual interaction.
In this way, the binary approach ensures that verification is completed in less than 30 seconds, without compromising security or compliance.
With Legitimuz, your platform can count on:
- High conversion rate: over 80% of bettors are able to complete verification successfully.
- Fastest KYC in Brazil: document and identity verification without delays.
- Document reuse: after verification, the user can send just a selfie on partner platforms, which facilitates conversion.
- High availability: Legitimuz’s infrastructure ensures that your platform operates without interruptions, guaranteeing scalability.
And finally, all of this just goes to show that adopting fast and effective identity verification technologies, such as binary, is essential to improving the user experience. Therefore, not adopting them is a mistake that can put your platform at a disadvantage.
Click here and learn more: https://blog.legitimuz.com
