PayID Gambling

Related System

In the table above we mentioned 3 sister brands – PayTo, BPAY and Osko. Let’s have a quick look at what these systems are and what they were made for.

Key features of PayID

Now, since we know more about PayTo, BPAY and Osko, let’s focus on PayID. The payment system has revolutionized Australian online casino enthusiasts. Our experts made research and are ready to quickly answer your “why?” question using the table below.

Feature	Description
No charges	Unlike some other means of payments, banks do not impose any fees for PayID.
Advanced safety	To minimize sending money to wrong hands, payee’s name is indicated before the completed transaction.
Immediate transfers	When using banks that support OSKO payment platform, the transaction should be completed straight away.
Adoption across all major Australian banks	More than 100 banks are now operating with PayID. To check if your bank is one of them, check the list of supported banks on the main page of PayID website.
Quick growth	This platform was adopted by more than 12.7 million Australians by 2023.

How to Use PayID in Online Casinos?

Using the payment method is as easy as setting it up. If you still don’t know how to get PayID with your bank, check the list we mentioned above. By clicking on the logo of your bank, visit a PayID dedicated page on the bank’s official website — the page should include all the needed information about setting up and using the payment system.

How to Make Deposit

1. To begin with, log in to your account at any of the PayID casinos recommended here and navigate to the payment section.
2. Click on “deposit” and choose PayID as your mode of payment. Each online casino will have different instructions, but all you have to do is enter the required registered details for the casino.
3. After that, just insert how much you want to deposit and confirm it.
4. Lastly, wait for processing of payments, which does not take more than one minute in case of PayID payments.

How to Withdrawal

1. First things first — log in to your online casino account. Then, head over to the payment section like when making a deposit.
2. Spot the “Withdrawal” option and click it. Choose PayID as your withdrawal method — easy so far!
3. Now that you’re looking at the window where you insert the amount, go ahead and enter how much money you want withdrawn. Double check before confirming transaction — better be safe than sorry.
4. The next step is entering the required information about your PayID (which is either in the form of phone number or email address).

Fees, Limits, and Availability at PayID Casinos

PayID’s flexibility makes it attractive to online casino enthusiasts. You will not be charged fees or restricted by any transaction limits by the service itself, however your bank may have its own policies regarding PayID. For instance, Bank Australia has imposed a cap of $2,000 while CommBank permits its customers to transact up to $20,000 per day. Such institutions provide different terms and conditions that players must know, as they are not uniform among them.

This payment method is very popular among gambling fans due to its availability for such transactions. Most casinos demand at least $10-$20 for depositing here, which is quite nice compared with other methods where you have to pay much more money. However, many users complain about withdrawal rules that are too strict whenever they want to cash out huge winnings rapidly. A typical limit set by casinos goes around $50 as minimum withdrawal amount, while maximum one ranges about $10,000 per a single transaction. High rollers should understand this, as they might miss their opportunity if they win big jackpots from those platforms offering partial payments.

Negative Sides of PayID

Even though we think that PayID is a good payment option for gamblers, we are honest and want our readers to be fully aware of all the aspects of the payment method, both positive and negative. However, we are offering you a list of things that some people may consider as cons.

Negative Aspect	Explanation
Privacy Concerns	Retrieval of phone numbers entered into PayID may indicate usernames. This can be disturbing for clients who prefer not to disclose their identities when they participate in online gaming.
Varying Transaction Speeds	Transactions through PayID could take longer, owing to no OSKO support from the user’s bank. It may take up to 24 hours for a transaction made through BECS rather than OSKO to go through. Gamblers who would want quick access to their funds may find this frustrating.
Currency Limitations	PayID works with AUD only and does not accommodate any other currency. This can be inconvenient for players who like using foreign currencies.
Limited Customer Support	There is no 24/7 live chat customer service on PayID. Users needing immediate help with their transactions are disadvantaged by this limitation of PayID.
Withdrawal Restrictions	Withdrawals cannot be made instantly with PayID. Before withdrawing money, users must transfer it first into their bank accounts. This additional step can be time-wasting and inconveniencing at times.
Potential for Scams	Fraudsters might exploit the system and cheat innocent people via the same means used to authenticate customers’ IDs in various forms such as text messages encouraging a user to upgrade his or her payment system. This would likely lead them into a trap of scammers.

In 2019, Westpac encountered a vulnerability that exposed data from about 98K users due to potential glitches in its system. Therefore, it is advisable that before embracing this mode of payment fully, you create an email address specifically dedicated to transactions carried out via PayID so that your private emails remain intact and safe.

PayID Pokies Games

Now that you know the main pros and cons of the payment system, you can try using it yourself. PayID Casinos AU experts made a list of pokies, that may interest PayID gamblers.

Pokies Name	RTP	Provider
Starburst	96.09%	NetEnt
Book of Dead	96.21%	Play’n GO
Gonzo’s Quest	95.97%	NetEnt
Mega Moolah	88.12%	Microgaming
Bonanza	96.00%	Big Time Gaming
Wolf Gold	96.01%	Pragmatic Play
Immortal Romance	96.86%	Microgaming
Thunderstruck II	96.65%	Microgaming
Dead or Alive II	96.82%	NetEnt
Great Rhino Megaways	96.58%	Pragmatic Play

Alternatives

If by any chance you realized that PayID is not for you, there are some alternatives that you may find interesting.