The world of online gambling is constantly changing, and so are the ways players use to deposit money and withdraw it. In Australia, the emergence of PayID as a new payment system has been phenomenal, as it provides an effective way for gamblers to handle their finances conveniently and safely.
Launched by the Reserve Bank of Australia (RBA) in 2018, PayID became a preference for many online casinos and pokies lovers within no time. Let’s have a deep look into PayID, its major attributes, advantages as well as potential disadvantages that one should watch out for if they want to play safely at some of the best Australian online casinos including pokies.
What is PayID?
PayID is a payment service that belongs to New Payments Platform (NPP) managed by New Payments Platform Australia Ltd (NPPA). With this simple innovation, users can link their accounts with banks with identifiers like phone numbers or even email addresses which are easy to recall. By using PayID, individuals can send and receive money without the need to share their BSB and account number, streamlining the transaction process and reducing the risk of errors.
One key benefit associated with adopting the payment system and choosing PayID deposit casinos is its wide acceptance across various sectors. More than 100 Australian banks have implemented this service making it available to many Australians. This widespread adoption has fuelled rapid growth — by 2023 over 12.7 million Australians had adopted this platform.
How PayID Works in Online Casinos
Using the payment system in online casinos is a piece of cake. You have to have your mobile number or email address, and you are ready to go. BSB and account numbers are no more needed just like back then. Besides, with deposit starting from $10-$20 only, you can play your favourite pokies or table games without going broke.
What If Your Casino Doesn’t Have PayID?
Don’t stress! In September 2023, Binance (a crypto exchange) started letting users fund their accounts with P2P transfers. So, you can swap your PayID for USDT (a digital dollar) and use that to play at your fave casino. It’s like having your cake and eating it too!
The Benefits of Using PayID at Online Casinos
For gamblers playing slots games and other casino games online, PayID has a number of advantages that suit their money management needs. Some of these include:
| Feature | Benefit |
| Instant Transactions | Fast access to funds for playing pokies and withdrawals |
| Enhanced Security | Reduced risk of sending money to the wrong recipient |
| No Fees | Cost-effective option for maximizing bankroll |
| Cryptocurrency Integration | Easy switching to USDT at casinos friendly towards cryptos |
Quick Transactions
Transactions made using PayID are instant when using banks that support the OSKO payment platform. This means that players can deposit funds and withdraw winnings within moments of each other without waiting like in the case of traditional banking methods. The speed at which PayID transactions take place is important to gamblers as it helps them to start enjoying their favourite pokies and other games right now as well as cash out with no delays.
If your bank is using BECS, the payment may take longer than 24 hours to be processed.
Advanced Security
Before confirming a transaction, PayID will show you the name of the payee just to reduce mistakes of transferring money to wrong people. Gamblers have an additional guarantee by this double-checking mechanism that their money is being sent to where they intend it go. Besides, PayID has measures put in place by the bank such as strong firewalls hence it is just like any other financial transaction.
Zero Charges
PayID does not attract any fees from banks unlike some other payment methods involved in transfers of funds for gambling purposes only. This cost-effective nature makes it an appealing option for gamblers looking to maximize their bankroll and avoid unnecessary expenses when playing pokies or other casino games online.
Integration with Cryptocurrency Exchanges
PayID, according to the information we have received recently, is now accessible on Binance—one of the largest cryptocurrency platforms globally. PayID’s integration with Binance will therefore enable users to effortlessly switch their virtual money into USDT (Tether), a stablecoin that is widely acceptable in various online casinos that accept cryptocurrencies. Gamblers can thus be able to engage in diversified payment systems by merging the convenience of PayID and the flexibility associated with cryptocurrencies.
Possible Limitations
However, despite these advantages, there are some potential concerns regarding PayID. These issues include:
- Privacy Concerns. Some privacy vulnerabilities have been highlighted in relation to PayID. It has been found out that user names could be retrieved by people after entering phone numbers into the PayID system. This is not a direct security threat but it can be disturbing especially when engaging in online gambling such as playing pokies or casino games for those who adore their anonymity.
- Varying Transaction Speeds. As we mentioned above, PayID transactions can proceed slower if one’s bank does not support OSKO than they would normally be. When sent via BECS method instead of OSKO, the transactions may take up as long as 24 hours to complete if a bank does not have support for real-time payments; this could make gamblers who depend on their quick accesses to funds very irritated.
PayID as a company also offers some features that may not be positive and convenient for everybody. First of all, PayID is designed specifically for AUD and not any other currency. Second of all, the company doesn’t offer quick contact options like 24/7 live chat. And last but not least, the instant withdrawal is not possible with this payment method – first you have to send the money to your bank account, and only after that it will be possible to withdraw them.
But What Can Be Done?
To enjoy the benefits of PayID with minimal risks, online pokies players should bear in mind the following guidelines:
| Tip | Benefit |
| Create a Separate Email | Instead of registering phone numbers or original email address, customers may create exclusive email accounts only for their PayID. Such simple measures will ensure that gambling activities are separated from personal details. |
| Avoid Obvious Identifiers | When obtaining a PayID, it is necessary to choose an identifier that cannot be easily guessed by others. User’s account may not be accessed by unauthorized individuals if they decide not to employ common options like “123456” or “password.” |
| Be Aware of Scams | Similar to other popular payment systems, fraudsters might try to exploit PayID and defraud people using it. Consequently, one must refuse any offers aimed at upgrading their payment system through these types of messages as it will definitely lead to scamming. In addition, remember that banks never charge money for using this service since it is free. |
How to Set Up PayID?
The process of setting up the payment method to play online pokies with PayID is easy and is very similar in different banks—it can be done via phone or desktop. On the main page of PayID you can find a list of banks that work with PayID – find yours and click on its logo. It will lead you to a page dedicated to PayID on the official site of the chosen bank. The page is different for every bank, but usually it consists of a description section, a tutorial of how to set up the payment method and a FAQ section.
Down bellow you can find official instrustions on how to get PayID using ING, Westpac and NAB.
How to Make a Deposit at PayID Casinos
Step 1: Pick a PayID Casino
First, you need to find an online casino that accepts payments via this system. Don’t worry, there are lots of such options available. Some casinos do not show all the payment options at first. Our experts found out that in some casinos, PayID as a payment option is only available after registration or first deposit.
Step 2: Create a Casino Account
Once you have identified your perfect PayID casino, you should join it. Go to the “Register” or “Join Now” button and fill in your personal details. Ensure that everything is accurate because it might cause problems when withdrawing your winnings.
Step 3: Head to the Cashier
After finishing step two, go to the cashier/banking section of the casino’s website. Find deposit option and select PayID from the offered methods of payment.
Step 4: Enter Your PayID Details
At this point, supply your PayID details which could either be your mobile number or email address – depending on which one has been linked up with your bank account. Check again if all is correct, lest your deposit fails to go through.
Step 5: Choose Your Deposit Amount
Then, indicate how much money you want to transfer into your gaming balance. Most PayID casinos have minimum deposits set around $10-$20 range, so keep this in mind. However, do not overdo it as put in only what you can afford losing!
Step 6: Validate the Transaction
Take a final look at all the information to ascertain that your PayID particulars and deposit sum are correct. In case you are satisfied, click “Confirm” or “Submit” to activate the process.
Best Online Casinos and Pokies Sites with PayID
Most casinos and pokie websites in Australia now accept PayID as well as facilitate instant withdrawal processes. Some of the best online casino that use PayID include:
Rooli
Rooli was launched in December 2023, as per the Curaçao Gaming Authority permit, to provide a thrilling online gaming experience on mobile phones. The casino is meant for all types of gamblers thanks to more than sixty-five popular software providers and a variety of games including highly absorbing slot machines or lives dealers. The company has regular exciting tournaments and twenty-four-hour live chat support to help the players have an excellent gaming experience. Newcomers can appreciate the tempting $4,000 welcome bonus + 475 Free Spins applicable during the first four deposits coupled with other Cryptos and VIP welcome packages. Rooli becomes the ideal gaming center for both beginners and experienced gamers globally due to its extensive game selections, appealing promotions, helpful customer service representatives as well as easy payment channels. The casino has a vast range of pokies and casino games, with instant PayID deposits and withdrawals.
Zoome
Zoome Casino was established in 2022 and is an outstanding online gambling destination. It has a wide range of games that surpasses 9500 titles from 80 famous software providers including live dealers, slots with progressive jackpots and traditional pokies. Zoome casino caters to the needs of different players due to the many games available including live dealer games, classic slots as well as jackpot winners. Regular players are entitled to weekly bonuses, cashbacks and tournaments. Despite not having any official app designed for smartphones, Zoome has a mobile site that permits gamblers to experience uninterrupted play wherever they are at all times. With licensing from Curaçao, Zoome Casino guarantees customer satisfaction via round-the-clock live chat assistance, email support and a comprehensive FAQ section. It presents a generous welcome bonus of up to $2,500 + 250 Free Spins and an assortment of pokies that are changed instantly using PayID.
PlayZilla
PlayZilla is a fair and thrilling virtual casino that was established in 2021 and is licensed by Curaçao Gaming Authority. Having more than three thousand games from one 127 suppliers, big-hearted bonuses, and an impressive live section with dealers. The casino accommodates all categories of gamers. With its easy-to-navigate website, mobile-friendly interface, and customer support team that works around the clock, PlayZilla offers reliability and excitement for every gambler’s taste. The casino provides for the ease of use, excellence in customer support service as well as smooth integration of PayID.
PayID has quickly and significantly changed the game for Australian online gamblers, offering them a fast, secure and convenient way to manage their casino and pokies funds. Enhanced security features, instant transactions and no fees make this new payment method an attractive option for many players. On the other hand, people should also be aware of transaction speed variations and potential privacy risks as well as adopt best usage practices for effective use in return. PayID is poised to become even more important in the future of Australian online gambling as it continues to evolve and integrate with other technologies such as cryptocurrencies.
Factors to consider when selecting an online casino or pokies site that accepts PayID include game variety, bonuses and promotions, and customer service to ensure you have the best gaming experience possible.