Roadmap to PayID-Friendly Live Casinos for Australia
The Australian gambling market is buzzing with the new payment method – PayID. Tailored to make bank-based payments easier, faster, and smarter, it is already integrated into quite a few great Australia-friendly online casinos.
Some out of many advantages that the method offers are payments under 60 seconds, as well as fast and secure transactions, easy setup, and all of the functions available from mobile or online banking.
In a nutshell, PayID is a personalized user keyword tied to one specific bank account that the user has. It can be set right in online or mobile banking and used instead of a BSB number (something most of us will never be able to remember). Your PayID can be your phone number, address, or e-mail, and once set, it becomes available in an online banking cabinet.
So, next time you make the payment, you can choose between PayID or BSB. What is more, this innovative technology makes bank-based transactions speedy – a feature crucial to casino deposits.
Making Deposits with PayID
In order to make a casino deposit with PayID, you will need to:
- Have it set up in your online banking/mobile banking system.
- find an online operator friendly to PayID payments.
When it comes to setting a PayID feature, you should know that this is a procedure monitored and guided by the bank representatives. You may have multiple accounts in numerous banks, but you will need to pick one of them to be tied to your PayID.
Here are the steps to this procedure:
- Create your PayID (a phone number, an e-mail, an address or anything easier to remember than a BSB number).
- Tie it to your bank account via online/mobile banking.
- The bank will then verify it for you and automatically add it to the mobile/online banking functions.
In the Aussie-friendly online casino, create an account and head to the cashier. Select bank transfers as your preferred deposit method and once redirected into your online/mobile banking, opt-in for PayID. Approve the transaction. The funds should land in your casino account within a minute or less.
Making Withdrawals with PayID
The casino has to specifically state it is friendly to PayID payments. Then, the next step is to meet the minimum withdrawal requirements. Once two of these parameters are checked, head to the cashier and request a payout. Provide your PayID to the casino to receive the funds.
Things to Know About PayID
Many of our Australia-based players may have quite a few bank accounts in multiple banks but we must warn that PayID can only be tied to one of them.
Also, although it is designed as a two-way street, PayID will not necessarily be available for both deposits and withdrawals in a selected online casino. There is a possibility that you will only be able to use it as a way to credit your gaming account.
Finally, like with many other payment methods, there are deposit and withdrawal limits tied to PayID. They will depend on the bank as well as on the chosen online operator so there is no standardized answer that we can provide other than recommending to contact the help desk representatives for information.
In terms of quality of online operators that use PayID, you will see for yourself when going through the list of brands on this page. These are all great platforms with certified content and some of the best live dealer games.
El Royale Casino
Top 3 Benefits of PayID
Security on All Levels
PayID’s security is tied with the protection and encryption systems of the banks it collaborates with. All of the transactions are safe and secure.
Payments online can sometimes be frustrating when one needs to remember a BSB or an account number. With PayID, these are things you can forget about.
The folks at PayID have done the unthinkable – they’ve optimized even bank-based transactions to be fast within the payment network.
Our Opinion of PayID
Developed by 13 Australian banks, including the Reserve Bank of Australia, this payment method is getting rave reviews and rightfully so. It is fast, secure, simple, and protected by the financial institutions. It is also modern enough to be immediately added to lots of online casinos, which is always good news.
While many country-specific payment methods will be available only in a handful of banks and retailers, PayID is supported by 100s of banks, credit unions, and payment societies in Australia. This means that it quickly becomes one of the most preferred and broadly-spread ways to pay online.
PayID: Frequently Asked Questions
PayID is absolutely safe and monitored by the banks. What is more, it was created by the union of banks of Australia and has all the safety protocols in place.
PayID will be tied to one specific bank account and depending on which is the main currency of the account, that will be the one you will use with this payment method. Of course, if depositing in AUD to online casinos that accept only, let’s say, USD, there will be an automatic conversion. As for whether it works the other way around, you will need to consult with the bank.
No, this is a bank-based feature which means that it works only with the fiat currencies. Being decentralized, digital currencies have not yet officially appeared among the services of the land-based banks.
The team of developers of PayID tailored it specifically to deal with the main pain that most of the banks have, which is delayed or slow transactions. If you are looking for payment methods safer than e-wallets but also as speedy, PayID may just be your perfect solution.
Absolutely! Unlike e-wallets or prepaid vouchers that are frequently excluded from approved payment methods for those of you who are looking for promotions, PayID is a bank-based transaction. Therefore, there is hardly any risk of identity theft and casinos do not block the availability of the sign-up deals.
Live dealer promotions are generally a feature relatively hard to find. Most of the online operators make their deals available only for slots. However, our database does have quite a few great websites where newbies can claim a starter’s pack on live content. Adjust the search filters to promotions and the payment method and see all of the current brands with live deals.
The list includes, but is not limited to ANZ, NAB, Westpac, Bankwest, MEbank.