PayID Casinos

PayID is a 100% Australian privilege, and you can get your own PayID if you have an account in an Aussie bank. According to the Interactive Gambling Act of 2001, online casinos are not allowed to be based in Australia. If you carefully check all online casinos that declare they accept Aussies, you’ll see all of them have offshore licenses and operate in jurisdictions other than Australia.

All of this imposes certain restrictions on the use of PayID in online gambling. As PayID is not a typical e-wallet but a protocol that works on the NPP (New Payments Platform) network and links directly to bank accounts, offshore online casinos can't integrate with PayID and accept money directly. Instead, they must use an intermediary payment processor. Using a payment gateway means that casinos are subject to restrictions such as commissions, transaction speed, and the number of operations. All of these limitations directly affect players. For example, some casinos:

The BetPokies team has analysed brands and communicated with their customer support managers to help you understand the nuances of using PayID at online casinos in Australia. We've gathered real experiences and insights to give you a full picture of this payment method's benefits and limitations.

PayID can be difficult to verify the availability of the selected casino, as this method is often hidden on the payment page. Sometimes you have to message support, and only then the PayID is available. So use the recommended brands, but keep in mind — PayID can work today and stop working tomorrow due to gateway issues.

You'll see the PayID in the cashier once you sign up, but some casinos require verification first or a minimum deposit in another way. Check the limits and fees for deposits/payouts via PayID with your chosen casino.

In general, the process of making deposits using PayID consists of the following steps:

The first step is to contact the casino support team and ask about the possibility of withdrawing via PayID. This is not a very common withdrawal option or is only available to VIP players or those with a certain deposit turnover.

KYC is required to verify and validate your documents. Without it, withdrawals are not possible, no matter the method used.

If PayID withdrawals are not currently available, you can ask support if there are any plans to activate this option in the near future. For example, processing limits may have been reached, but it may be available again in a few days.

If the casino supports PayID withdrawal, the process is as simple as making a deposit and consists the following steps:

Usually, the withdrawal request is processed in under a day. However, we recommend that you contact the casino's support service to verify the pending time.

Casinos often have withdrawal limits. Once again, we recommend you contact support to know whether your winnings will be paid out in several amounts or in a single sum.

If the support team informs you that a PayID withdrawal could take up to three days to process, we recommend choosing a bank transfer instead, as that option tends to be quicker.

Keep in mind that despite PayID being widely used in Australia for payments, withdrawing funds could come with limitations and delays set by casinos and payment processors. So brace yourself for waiting periods. Consider alternative withdrawal methods.

PayID is an easy-to-use transaction method in Australia. The Reserve Bank of Australia (RBA) started it in 2018 to facilitate payments. Now, over 100 banks in Australia support PayID.

On the other hand, PayID is widely used in Australia. This is because New Payments Platform Australia Ltd (NPPA) makes it easy for banks to connect to the PayID proxy. For those who don't want to usePayID, you can still use your BSB and account number.

The main idea of PayID is to clearly see who you are sending money to. A survey of 2,550 people showed that:

These numbers help explain why PayID has gained so much trust in Australia.

Among the New Payment Platform (NPP) products, PayID is one of them but it is slightly distinct from the others. Beyond PayID, there are other services such as Osko, PayTo, and BPay. Generally, Osko facilitates instantaneous bank transactions while as PayTo enables recurring payments and BPay acts as a bill payment service. However interconnected they might be in terms of purpose they perform differently.

The unique identity system sets PayTo apart from its sister app, PayID. For example, in contrast to PayID, you can select either your phone number or email address to act as your verifier, a feature that does not exist in its predecessor. This makes for a faster alternative to traditional banking systems, which is very advantageous for business purposes.

Osko by BPAY allows instant transfer of money through bank accounts 24 hours daily throughout the year, including weekends and public holidays. Osko works within Australia's New Payment Platform (NPP). It has better speeds and ease compared with old-style bank transfers. You may transfer using your phone number or email via any of these features: just a BSB and account number or via PayID option only that provides more detailed information about the payment in up-to 280 characters. This integration also means that Osko applies to both consumer personal transactions and company business ones, being extensively linked with virtual banking.

BPAY is among top-rated Australian bill-payment services today created to facilitate quick payments towards bills contrary to other mentioned speed payment options available on-line. Each payer has their own individual identification code known as BPAY code, besides some user’s particular reference numbers (which tend to replace any paper invoices). As such, it is a major instrument employed by many companies providing goods and utilities plus other establishments that make up the country’s financial system.

Over 100 Australian banks support PayID (2020), but the most significant difference is whether it runs on Osko or the older BECS system.

OSKO is a real-time payment platform that enables customers to send money between banks or other financial institutions within seconds, every day of the week. So, if you use a bank that uses OSKO, your payments via PayID will be instantaneously processed by them.

But if your bank does not use Osko, it will typically convert all PayID transactions to an “overnight” BECS (Bulk Electronic Clearing System) debit. Australian banks employ this system to address both credit and debit batch postings with large volumes of transactions. Nonetheless, the executed payments within the BECS framework are not immediate and may take up to 24 hours to settle.

Therefore, if you fail to see your casino balance pop up instantly, visit Osko’s website and search for the list of participating banks or check in with customer service. If none of the banks are on this list, it can take up to a day before the money lands in your account.

Normally, fees are free for multiple operations that can be escalated by approaching a support team or using a bank’s mobile app.