PayID Casinos in Australia 2023

What is a PayID and How Does It Work?

What is a PayID and How Does It Work?

PayID is a fast payment service, designed for the Australian market. Like many other services of this kind around the world, it is designed to provide fast, convenient and secure payments, which makes it ideal for the online gaming industry.

This service works as a mediator between the operator and your online bank account. So, instead of providing various pieces of information to the casino website, you can just select the PayID as a payment method and complete the transaction in a few moments.

The fact that there is no need for sharing personal details with the operator makes the whole process safe from cyber attacks, minimizing the chances of getting your data stolen.

All you need to do is to create a PayID account and connect it to your online bank account. After that, you can create a specific PayID number, which can be used for all future transactions. In the case of online casinos, this means just one or two steps to make deposits or withdrawals.

It’s Good to Know About PayID

Besides the obvious benefits that this service offers, there are a few more things that are good to know about.

One of the things that probably bothers you at this moment is that you have multiple bank accounts, so you’re probably thinking about which one to connect with this service.

You don’t have to choose because this service allows you to create multiple accounts, so you can connect all of your bank accounts with this service.

Also, you don’t have to change your PayID number in case you change banks or get a new account. All you need to do is to link the existing PayID account with the new bank account, and you can continue using your familiar PayID number.

What Do I Need to Create a PayID Account?

Basically, there are three ways you can create your account – via phone number, email, or ABN (Australian Business Number).

Since we are living in the era of smartphones, where most payment operations are done with a mobile device, it’s easy to conclude that the phone number is the quickest and the easiest method.

So, what you need is a phone number that’s registered in your name, in one of two major networks in Australia – Optus or Telstra.

Once you create an account, you only have to link your PayID with your bank account. It’s good to know that this service is supported by pretty much every major bank in Australia, including Commonwealth Bank of Australia, ING Direct, ME Bank, National Australia Bank, St. George Bank, The Rock, and Westpac Banking Corporation, ANZ Bank, Bendigo Bank, etc.

Making a Deposit

As we’ve just established, most banks in Australia support PayID. So, once you’ve created an account, it is time to find an online casino that supports this service.

A good thing to know is that more and more operators are adding this payment method, so the quest shouldn’t be long. Of course, bear other important aspects of online casinos when choosing a place to deposit.

Pick a licensed online casino that meets the highest standards regarding safety, fair chances of winning, customer support, game quality etc.

After you register at a casino, find the payment section to make a deposit. Find the PayID payment method, provide the PayID number, and select the amount you want to deposit, and the funds should be added to your account quickly. After that, you can start playing your favourite online casino games.

Withdrawing Funds

So, once you’ve won money on your favourite casino games, it’s time for a withdrawal. Once again, you can use PayID to get your money and the whole process is very simple.

Practically, there are just a few steps to make and the money will be added to the connected bank account.

So, the first step is to go to the cashier page and click on the withdraw button. After that, you can select PayID as your withdrawal method.

You will be asked to provide a PayID number and select the amount you want to withdraw. Once you do that, the money will be withdrawn quickly.

Important Note: Although PayID is a very fast payment method, your withdrawal may not happen all that fast. Namely, many casinos have a policy that includes pending times, which can last up to a couple of days. Also, there could be other limitations, such as minimum withdrawal sum, maximum daily, weekly, and monthly withdrawal sum, etc. Therefore, make sure to read the terms and conditions carefully before you take any action.

PayID and Bonus Offers

These days, it’s hard to find an online casino that doesn’t have some kind of bonus offer for new players. Those promotions can come in different forms, such as bonus cash, free spins, etc.

In most cases, you have to make a deposit before claiming a bonus, while some casinos also reward players with no deposit bonuses, where there is no need for a deposit at all.

PayID is currently in expansion in Australia, so many casinos have highly affirmative policies regarding this payment method. In some cases, this leads to more generous bonus offers compared to, let’s say, e-wallets.

Make sure to gather information and learn more about the possibility to get better promotions before completing a registration at a certain online casino.

What are the Alternatives

Although this service is getting more and more popular, many players still prefer more traditional payment methods.

The good thing is that online casinos offer a lot of options in this aspect, so players can conveniently choose a method that works best for them.

• Credit and debit cards are still among the most popular payment methods. They are reasonably fast, convenient, and secure. Above all, people are used to them, and it’s not always easy to change habits.
• E-wallets are also extremely popular because of their speed and convenience. The offer of such services is huge, and most casinos accept a variety of them. However, it’s not a rare case to find a casino that accepts e-wallets as payment methods but doesn’t accept them as withdrawal methods. Also, many operators don’t give bonuses to players who pick this payment method.
• Cryptocurrencies are also popular among certain groups of players. There are a decent number of online casinos that accept different cryptocurrencies, which is a great method if you want to make fast and anonymous payments.

Frequently Asked Questions

Sources and References

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