PayID Casinos in Australia

PayID is a tool for Aussie gamblers who would like to simplify the payment process when depositing their casino account. With the help of this banking service, you can transfer money without the need to enter long card numbers or any codes. Instead, you simply need to know the email address, mobile phone number, ABN or Organisation Identifier of a person or business to which you transfer funds to. 

PayID has gained considerable trust and popularity among Aussies. According to ANZ Insights, over 18.5 million users are registered with PayID. For you to use PayID you should make sure your bank cooperates with this service, which is likely as over 100 Australian banks support PayID. To check whether your bank supports PayID, visit the "Find my institution" section on the service’s official website. Further in the guide, you can find detailed instructions on how to set up a PayID account.

Despite the growing popularity of PayID, many online casinos still don't offer this payment method. Therefore, BetPokies monthly reaches out to our casino partners to request an update regarding the availability of PayID so that our readers are the first ones to know. Here is a list of online casinos that have recently added PayID to their payment methods.

Since there are currently no special bonuses for PayID, we decided to collect the best offers available at casinos that accept PayID deposits. This way, even if you were specifically looking for PayID bonuses, the payment method can still be used and benefitted from.

However, let’s take a look at all possible bonuses you may find at casinos. Perhaps someday, some of these will become available and exclusive for PayID users.

Now, when your PayID account is set up, let us guide you on how to make a deposit with PayID seamlessly.

It’s worth noting that some online casinos allow PayID deposits only after you have made a deposit using a different payment method and have completed a KYC procedure. This is due to the risk associated with instant transaction risk associated with PayID, which enables rapid transfers that are hard to reverse if issues arise, making them more vulnerable to fraud. 

Regarding withdrawals, we must upset you, as most online casinos do not process PayID payouts. Therefore, we highly recommend you look for alternative payment methods to find another one to withdraw your winnings. For example, you can use bank transfers, e-wallets, and cryptocurrencies. At BetPokies, you can find guides on how to use different banking methods at online casinos. To choose a suitable payment for you, check out our Banking section in the top right corner of the screen.

The withdrawal process is overall straightforward. All you need to do is choose a payment method, enter the amount to withdraw, and confirm the withdrawal request. Keep in mind, that before requesting payouts, you must complete the KYC procedure. Therefore, if you would like to receive your winnings as fast as possible, complete the verification process in advance.

One of the great advantages of PayID is that it does not charge any transaction fees. The only charges that might occur can be caused by your bank or an online casino where you make transactions. 

Transaction limits also highly depend on the bank your PayID is linked to and the casino you use PayID at. On average, banks set daily limits for deposits of up to $10,000, while withdrawal limits go up to $25,000. At the same time, casinos usually set deposit limits from $30 to $5,000 per day. Here is a table with precise limits at some of the most popular Australian banks.

PayID uses Secure Socket Layer encryption in order to safeguard the safety of the information that is used to communicate between the customer’s device and the bank’s working units. Also, there is an Asymmetric Key Encryption, which is a method that selects two different keys, one of which is served to the public while the other is kept private. Besides, you can set up a two-factor authentication to add an extra layer of security.

It is important to mention that when making the first transaction with PayID, your payment may take a longer time, considering that your bank may need to run its own little investigation. This is called a verification process. They make sure that there is no fraud taking place. Also, it is important to state that utilising your phone number as a PayID identifier means you need to use the same number that you used to open the account.

As you know, thanks to PayID, you don’t need to share your banking info. However, this vital side of PayID is also its weakness, as scammers may randomly enter phone numbers and, this way, discover your name and surname.

Launched by the Reserve Bank of Australia in 2018, PayID streamlines payments within the New Payments Platform (NPP). It has grown rapidly, reaching more than 13 million registered users by 2024, which is a 43% increase compared to the previous year. What's more, research shows that almost half of these people use it on a weekly basis. One of the features we haven't mentioned yet is that PayID allows users to add descriptions to payments for easy tracking. PayID is valuable not only for personal use but also for commercial use. Over 10% of accounts are set up for businesses, providing smoother cash flow and reducing administrative errors.

Now, let's get to know some sister brands of PayID that also operated within the NPP:

Together, these services make the NPP a powerful tool in Australia's financial ecosystem. Please note that despite some gambling review sites claiming there are online casinos accepting BPAY, it is a myth, as for now, there are no casinos that allow BPAY payments.