PayID Online Casinos

Written by Pavel Kateliev

Pavel Kateliev

Pavel Kateliev is a popular sport journalist, particularly in the fields of football, basketball, tennis, and hockey. He writes daily for Sportingpedia and his work has been translated into at least 20 languages and featured on renowned outlets such as BBC, Yahoo, MCN, Sun, and Evening News, in Italian, English, Spanish, and Portuguese.

, | Updated: October 21, 2024

The first thing that comes to mind when speaking of bank transfers as a method for online casino deposits and withdrawals is safety. That is why this solution is almost invariably present in the list of supported solutions. On the other hand, these transactions are associated with a relative slowness and absolute lack of anonymity. In the world of online gambling, these are not considered advantages and an increasing number of players prefer using digital and country-specific payment services.

Happily for Australian gamblers, they can operate with PayID, an easy-to-use service that enables close to instant deposits and withdrawals. Practically, this OSKO-powered solution directly links users’ bank accounts with their emails or mobile numbers and thus saves them the necessity of remembering complex usernames, passwords, or account numbers. In order to be able to make transactions via PayID, online casino players need to have an account with one of the participating banking institutions, which are more than 100. To see if your bank is a PayID partner, just type its name in the search bar of the service provider’s website.

Top PayID Casinos Ranked by Trustpilot Rating

Comparison of Top PayID Casino Sites

Top 16 Online Casino Sites Accepting PayID

Before we explore in detail the pros and cons of PayID in its capacity as an online casino payment method, let us introduce you to the best Aussie-friendly gambling hubs that accept it. You are welcome to take a look at our short reviews of reliable online casinos where deposits and/or withdrawals can be performed via PayID.

1. Bizzo Casino

   

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   Licenses

   • The Curaçao Gaming Control Board (8048/JAZ2017-067) • The Estonian Gambling Authority (16277880) • The Kahnawake Gaming Commission (00867)

   Min Deposit

   $10

   Min Withdrawal

   $10

   Withdrawal Time

   Cryptocurrencies - InstantE-wallets - a few hours

   Deposit Methods

   

   Sponsorships

   N/A

   Contact Details

   
   

   • Sensitive data protected by SSL encryption
   • Lots of live casino games
   • Mobile-friendly gambling platform
   • Tempting promotional offers and tournaments
   • Quick account registration process
   • Live chat is available in 6 languages

   Although Bizzo Casino is one of the newest online gaming platforms, it can boast of providing reliable top-notch services to its clients. The platform is both overflowing with game titles and easy to navigate thanks to the markedly user-friendly interface. Online casino players who decide to set up accounts with Bizzo will have the chance to choose between slots and table games developed by more than 100 gaming software providers. Logically, this great variety suggests that you can play both casino classics and brand-new titles. The exact availability of transaction methods supported by Bizzo Casino largely depends on the player’s country of residence. The general selection includes credit and debit cards, e-wallets, online banking solutions, cryptos, and wire transfers.

2. National Casino

   

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   Licenses

   Curacao Antillephone N.V. (8048/JAZ2017-067) Kahnawake Gaming Commission (00867) The Estonian Tax and Customs Board (16277880)

   Min Deposit

   $/€10

   Min Withdrawal

   $/€10

   Withdrawal Time

   Up to 3 business days

   Deposit Methods

   

   Sponsorships

   N/A

   Contact Details

   
   

   

   • Easy-to-use gambling platform
   • Two-factor authentication enabled
   • Good selection of live dealer games
   • Fast withdrawals solutions
   • Customer support by live chat and email
   • Curaçao and Kahnawake licenses

   Offering an abundance of slots and online table games, National Casino is a preferred gambling destination for thousands of players. Those who want to immerse in the atmosphere of brick-and-mortar casinos without visiting them can try any of the featured live-dealer games with the options being blackjack, roulette, baccarat, and poker. Some end users report slow verification procedures especially when it comes to winnings withdrawal but the casino states that its utmost priority is transaction security. The maximum gambling aficionados are allowed to cash out is $50,000 per month. After full account verification, all payment solutions except for bank transfers and some Canadian methods are to be instant.

3. Hell Spin Casino

   

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   Licenses

   Curacao (365/JAZ)

   Min Deposit

   $10

   Min Withdrawal

   $15

   Withdrawal Time

   Debit/Credit Cards - Up to 7 daysE-wallets - InstantCrypto - Up to 24 hours

   Deposit Methods

   

   Sponsorships

   N/A

   Contact Details

   
   

   

   • Distinctive graphic design
   • Different types of withdrawal methods
   • Fast-responding customer support
   • Multiple live dealer games
   • Data protected via SSL encryption
   • Mobile-friendly platform

   Providing games developed by the biggest names in the industry (Microgaming, Playtech, NetEnt, Play’n Go, etc), Hell Spin Casino is a preferred online gambling spot for lots of avid players from different parts of the world. The quick registration procedure, the 10+ website languages, and the diverse selection of supported payment solutions make the platform easily accessible, which is well-perceived by both rookies and experienced gamblers. Registered users can take advantage of permanent and short-term promotions and tournaments and thus make their time with Hell Spin Casino even more exciting. We advise you to carefully read bonus T&Cs since there may be some payment method restrictions.

4. Casinochan Casino

   

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   Licenses

   Curacao Gaming Control Board (OGL/2023/174/0082)

   Min Deposit

   $/€20

   Min Withdrawal

   $/€10$/€500 for wire transfer

   Withdrawal Time

   Bank Transfer: 1 to 5 daysCards: 1 to 3 daysOther methods: Instant

   Deposit Methods

   

   Sponsorships

   N/A

   Contact Details

   
   

   

   • Fast withdrawals methods
   • Two-factor authentication possible
   • User-friendly layout
   • Six language versions
   • 90+ software developers
   • Simplified verification procedures

   If you are in search of an online casino that offers a huge slot variety and lucrative bonuses, CasinoChan definitely is worth your attention. The games provided by this online gambling operator are supplemented by quite a few blackjack, roulette, and poker titles so that you do not get bored while spending time with CasinoChan. Evolution, Microgaming, Play’n Go, and BigTimeGaming are a small part of the more than 90 software developers the platform partners with. Although you will hardly ever have any serious issues while playing at CasinoChan, it is good to know that the responsive customer support is available 24/7.

5. 7bit Casino

   

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   Licenses

   The Curaçao Gaming Control Board (OGL/2023/176/0095)

   Min Deposit

   Bank cards - $30Bitcoin - $6Neosurf, PaysafeCard, Rapid - $20eZeeWallet, AstroPay - $40

   Min Withdrawal

   Bank Cards - $40Bank Transfers - $400Interac - CA$100

   Withdrawal Time

   Cards, Interac- 1-3 banking daysBank Transfers - 1-5 banking daysCryptocurrencies and e-wallets - instant

   Deposit Methods

   

   Sponsorships

   N/A

   Contact Details

   
   

   

   • Easy account verification process
   • Customer support is available 24/7
   • Several responsible gaming tools
   • Various games within the casino’s portfolio
   • Local and universally accepted payment methods
   • Both a classic and modern website versions

   7bit Casino is a famous Curaçao licensed gambling operator that puts an obvious emphasis on slot games. Their number is nearly 5,500 with some of the most sought-after titles being Mega Moolah, Johnny Cash, Elvis Frog in Vegas, Wild Spin, and Raging Lion. Except for slots, gamblers can also have fun while playing any of the games in the Live Casino section of the platform. Although this is a primarily crypto casino, players can use a variety of payment solutions such as credit cards and digital wallets. New customers can take advantage of a whole welcome bonus package covering their first four deposits.

6. Fastpay Casino

   

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   Licenses

   Curacao Gaming Control Board (OGL/2023/174/0082)

   Min Deposit

   $/€10 $/€5 for SiruMobile

   Min Withdrawal

   $/€20$/€200 for bank transfers

   Withdrawal Time

   Cards: 1 to 3 daysE-Wallets: up to 2 hoursBank Transfer: 3 to 5 days

   Deposit Methods

   

   Sponsorships

   N/A

   Contact Details

   
   

   

   • Round-the-clock customer support
   • Strict security measures
   • Card games by Evolution, Play’n Go, and Microgaming
   • Well-selected slot titles
   • Abundant selection of payment methods
   • Bonuses, promotions, and VIP program

   Owned and operated by the famous Dama N.V., FastPay Casino provides its registered users with games developed by both prominent software developers and talented but less popular names in the online casino industry. What we like about this gambling platform is that all the information about payments, game limits, and bonuses is presented in a detailed and understandable manner so that players need just a few minutes to learn everything they need to know before they start gambling. As for the deposit and withdrawal methods, they could not be more diverse – Visa, Mastercard, Skrill, Neteller, PayID, Paysafecard, Cash-to-Code, ecoPayz, and cryptos are all at players’ disposal. Check your cashier section for precise information.

7. Stay Casino

   

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   Licenses

   Curacao Gaming Control Board\n(OGL/2023/176/0095)

   Min Deposit

   $/€20

   Min Withdrawal

   Bank Transfer: $/€200Other Methods: $/€20

   Withdrawal Time

   Bank Transfer: 3 to 5 daysOther Methods: Instant after approval

   Deposit Methods

   

   Sponsorships

   N/A

   Contact Details

   
   

   

   • Player data is protected via SSL encryption
   • Slots by leading iGaming developers like Pragmatic Play, Yggdrasil Gaming, and NetEnt are available
   • Good selection of financial solutions
   • Customer support is available around the clock
   • Swift registration process
   • Excellent compatibility with mobile devices

   Licensed by Curacao, Stay Casino is a mobile-friendly casino that made its debut in 2021. Its library comprises hundreds of fantastic casino games, with slots, table games, and mini-games being included in the casino’s massive catalog. Gambling aficionados eager to enjoy the atmosphere of land-based casinos at home may head to Stay Casino’s impressive live dealer section, where various blackjack, roulette, and baccarat lobbies await.

   If you need extra assistance in terms of keeping your casino spending habits in check, Stay Casino provides several responsible gaming tools. You can set up deposit, loss, or wager limits, and you may also try out Stay Casino’s session limit tool if you wish. When a situation warrants drastic measures, self-exclusion can be activated by contacting Stay Casino’s 24/7 customer support.

8. Playamo Casino

   

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   Licenses

   The Curaçao Gaming Control Board (8048/JAZ2020-013)

   Min Deposit

   $10

   Min Withdrawal

   $10CA$100 for Interac€500 for Bank Transfer

   Withdrawal Time

   Most payment methods - InstantVISA, MasterCard, Interac - 1-3 banking daysBank Transfers - 1 - 5 banking days

   Deposit Methods

   

   Sponsorships

   N/A

   Contact Details

   
   

   

   • Available in 20+ languages
   • Titles provided by 93 gaming software developers
   • Beautiful and easy-to-navigate layout
   • Customer support is available 24/7
   • Lucrative deposit bonuses
   • Quite a few restricted countries

   Having the ambition to serve internationally represented online casino players, Playamo has developed a gambling website with over 20 language versions allowing its users to execute transactions via a wide variety of payment methods. Cryptocurrencies, digital wallets, credit and debit cards, and online banking solutions are all available depending on the player’s location. The best thing is that withdrawals are either very fast or instant so you do not have to wait much before getting your winnings. Of course, these speedy transactions are possible only in case accounts are fully verified. The selection of games is more than enough, considering that the titles are the work of over 90 software providers.

9. Woo Casino

   

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   Licenses

   Curacao Gaming Control Board (OGL/2023/174/0082)

   Min Deposit

   $/€10

   Min Withdrawal

   $/€10 $/€500 for wire transfer

   Withdrawal Time

   Bank Transfer: 1 to 5 daysCards: 1 to 3 daysOther methods: Instant

   Deposit Methods

   

   Sponsorships

   N/A

   Contact Details

   
   

   

   • Well-designed user interface
   • Vast selection of slots
   • Plenty of table games
   • Downloadable mobile app
   • Several language versions
   • Various transaction methods

   Launched in 2020, Woo Casino is a new online gambling platform that has a lot to offer. Following the good example of other brands owned by Dama N.V., Woo Casino can be explored in different languages thus providing players with the opportunity to fully understand all the important information about game rules, promotional offers, and transactions. The platform is bursting at the seams with exciting slots but they are far not the only products provided by Woo Casino. The website and the downloadable application have very good live dealer sections with blackjack, poker, baccarat, roulette, monopoly, and other games.

10. mBit Casino

    

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    Licenses

    Curacao Gaming Control Board (OGL/2023/174/0082)

    Min Deposit

    Bitcoin: 0.00035 BTCEthereum: 0.002 ETHTether: 10 USDT

    Min Withdrawal

    Bitcoin: 0.00035 BTCEthereum: 0.010 ETHTether: 10 USDT

    Withdrawal Time

    15 to 20 minutes

    Deposit Methods

    

    Sponsorships

    N/A

    Contact Details

    
    

    

    • Instant deposits and withdrawals
    • Vast selection of online casino games
    • Welcome bonus package
    • Discord-powered chat with other players
    • High-quality live dealer offering
    • Bitcoin Casino Tournaments

    mBit Casino is a modern online platform developed with crypto players in mind. Account balances can be funded via Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, Dogecoin, and Tether with options such as PayID also being accepted in limited territories. The gaming library of mBit Casino comprises titles provided by Evolution Gaming, Play’n Go, Pragmatic Play, and lots of other prominent names in the field. Registered users can take advantage of a ten-stage Loyalty Program with lucrative prizes, a refer-a-friend promotion, and plenty of other incentives offered by mBit Casino. Customer support can be reached via live chat with the usual response time not exceeding a minute.

11. Spin Samurai Casino

    

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    Licenses

    Curacao Gaming Control Board (OGL/2023/174/0082)

    Min Deposit

    $/€100.0001 BTC for Bitcoin

    Min Withdrawal

    $/€200.002 BTCfor Bitcoin

    Withdrawal Time

    Bank Transfer: Up to 3 daysOther Methods: Instant

    Deposit Methods

    

    Sponsorships

    N/A

    Contact Details

    
    

    

    • Lucrative bonus incentives
    • Games by prominent software developers
    • Swedish players are not eligible for promotions
    • 23 accepted currencies
    • Vast selection of slot titles
    • Fast withdrawal procedures

    Spin Samurai Casino is one of the many online gambling platforms that has shown up in the last few years. Provided how highly competitive the industry is nowadays, even experience of just over 2 years is proof of the platform’s reliability and qualities. The large number of registered players is due to the excellently selected gaming library of Spin Samurai Casino as well as the opportunity to fund account balances via quite a few verified payment solutions – cryptos, Mastercard and Visa cards, bank transfers, different e-wallets, and online banking services. What is more, the operator accepts transactions in many currencies including but not limited to USD, CAD, AUD, NZD, BRL, EUR, NOK, PLN, ZAR, JPY, and VND.

12. Joo Casino

    

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    Licenses

    Curacao Gaming Control Board (OGL/2023/174/0082)

    Min Deposit

    $/€10 for AstroPayand Pay4Fun0.0001 BTC forBitcoin$/€20 for othermethods

    Min Withdrawal

    $/€10 for AstroPay0.0002 BTC for Bitcoin$/€20 for other methods

    Withdrawal Time

    Bank Transfer: Up to 3 daysOther Methods: Instant

    Deposit Methods

    

    Sponsorships

    N/A

    Contact Details

    
    

    

    • Generous welcome bonus
    • Great choice of live dealer games
    • Customer support by live chat and email
    • Plenty of deposit and withdrawal methods
    • Convenient user interface
    • High withdrawal limits

    Joo Casino belongs to the big family of Dama N.V. and just like its counterparts boasts of offering an abundance of slots and table games together with an extensive live casino section. The first thing players see when they access the gambling website is the welcome bonus banner that gives information about the first of the many incentives offered by Joo Casino. The operator gives its customers the freedom to choose between multiple payment solutions and currencies so that everybody can operate with a method he is used to. The maximum players are allowed to withdraw is $5,000 per week and $25,000 per calendar month.

13. Fair Go Casino

    

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    Licenses

    The Curaçao Gaming Control Board

    Min Deposit

    $10 for Neosurf$20 for cards and Bitcoin

    Min Withdrawal

    $50 for Bank Transfer$100 for cards and Bitcoin

    Withdrawal Time

    Bitcoin: instantBank cards: 5-7 daysBank Transfer: up to two weeks

    Deposit Methods

    

    Sponsorships

    N/A

    Contact Details

    
    

    

    • Popular Australian casino brand
    • Mobile-friendly gambling platform
    • Tempting bonuses and promotions
    • Relatively limited withdrawal options
    • Accounts are closed after 12 months of inactivity
    • Multi-channel customer care service

    Although not having long experience in the online gambling scene, FairGo Casino has managed to attract the attention of lots of modern gamblers primarily from Australia and New Zealand. Unlike many of its competitors, it does not work with numerous payment service providers. It has chosen to provide its clients with the opportunity to use several methods they are surely used to – eZeeWallet, CashtoCode, and Bitcoin being part of them. Among the multiple games provided on the platform, there are currently over 10 progressive jackpot titles with lucrative eventual winnings. They have their separate category so that you do not have to go through the whole gaming library to find them.

14. Wild Fortune Casino

    

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    Licenses

    MGA (MGA/B2C/394/2017) Curaçao Gaming Control Board (OGL/2023/176/0095)

    Min Deposit

    €20

    Min Withdrawal

    €20 - most methods€20 - €500 - bank transfers

    Withdrawal Time

    Instant after withdrawal approval

    Deposit Methods

    

    Sponsorships

    N/A

    Contact Details

    
    

    

    • Licensed by the Malta Gaming Authority
    • More than 2,000 slot games
    • Excellent live casino section
    • Round-the-clock customer support
    • Decent selection of payment solutions
    • Easy-to-navigate website

    Wild Fortune Casino is one of those relatively new brands (established in 2020) that has managed to easily catch up with the industry’s old hands and already enjoys a significant customer base. Furthermore, it is one of the not so many MGA licensed platforms which serves to show its operations meet even the most stringent regulatory requirements. As for the games you can play after registering an account, you will not only find something that meets your preferences but you will have a hard time deciding which of the numerous options to try. The choice is widest in the slot category of course but there is also an excellent selection of live dealer titles.

15. Two-up Casino

    

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    Licenses

    The Curaçao Gaming Control Board

    Min Deposit

    $25

    Min Withdrawal

    $100

    Withdrawal Time

    3-7 business days

    Deposit Methods

    

    Sponsorships

    N/A

    Contact Details

    
    

    • Constantly introducing new games
    • Lucrative promotional offers
    • Safe and secure payment solutions
    • 24/7 customer support
    • Several responsible gaming tools
    • Strict ID verification procedures

    Two-Up Casino is a mobile-friendly gambling platform that attracts the attention of lots of players thanks to its fancy dark green design, very good selection of slot titles and plenty of poker, table game, and live dealer options. A tempting welcome bonus as well as quite a few game-specific promotions add some extra excitement to the overall gaming experience. Registered users of Two-Up Casino are authorized to execute their transactions via not many but only reliable payment methods including wire transfers, credit and debit cards, online banking services, and cryptos. Deposits are instant while withdrawals take between 3 and 5 business days.

16. Casino Rocket

    

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    Licenses

    Curacao Gaming Control Board (OGL/2023/176/0095)

    Min Deposit

    $/€10$/€500 for banktransfer0.001 BTC for Bitcoin

    Min Withdrawal

    $/€200.002 BTC for Bitcoin

    Withdrawal Time

    Bank Transfer: Up to 3 daysOther Methods: Instant

    Deposit Methods

    

    Sponsorships

    N/A

    Contact Details

    
    

    

    • Very fast account registration
    • Sensitive information protected by SSL encryption
    • Tournaments and VIP Program
    • Wide selection of payment methods
    • Several language versions
    • Bitcoin games

    Rocket Casino accepts players from different parts of the world including Australia, Canada, and many others. It holds a Curaçao license and allows its patrons to fund their accounts via multiple local and universally used payment solutions with the supported currencies being AUD, NZD, CAD, EUR, and USD. Just like most of its competitors in the online gambling industry, Rocket Casino features primarily slot games, however, it has an impressive section with table games. There is also a separate Bitcoin Games category for those players who prefer using cryptocurrencies. The platform is so designed that it automatically switches to the mobile version when you access it through a portable device.

How PayID Functions?

PayID was introduced to the Australian market in 2018 as an initiative of the New Payments Platform (NPP) which is a fast payments infrastructure developed within the local financial sector in cooperation with the Reserve Bank of Australia. According to data published in March 2022, the number of PayID registered users already exceeds 10 million. As mentioned above, the solution works with over 100 banks and financial institutions based in the country and, thanks to OSKO, provides for secure and hassle-free transfers.

Since it was introduced less than 5 years ago, the number of casinos accepting PayID transactions is still not very high. However, we managed to find enough platforms that have implemented the payment solution, so we believe that you will not have a hard time finding a PayID online casino for your gambling activity. Reading the short reviews in this article will help you choose the platform that best meets your requirements. After doing so, you need to register an account with the respective brand and go to its deposit section. Choose PayID, follow the instructions and you will see that the process is indeed very easy. Once you go through the respective steps, money will be deposited into your gaming account almost instantly. If your account is fully verified, withdrawals won’t take much time either.

Video Explaining How to use PayID

Opening a PayID Account

We can safely say that creating a personal PayID is a walk in the park even for users who are not particularly tech-savvy. The online procedure does not take more than 5 minutes, but keep in mind that you need an online bank account with a partnering institution to be able to operate with your PayID. If you have several such bank accounts under your name and want to use all of them for direct payments, you need to make a separate PayID registration for each of them.

The first thing you should do is go to the PayID website and look for your bank in the list of participating financial entities. There is no need to go through multiple tabs or sections as the list is located on the main page within the Find my bank category. You can either manually look for your bank or use the search functionality. Once you manage to locate the particular institution, click on the respective logo and you will be redirected to the PayID page of your bank’s website. It usually comprises general information about the payment method and detailed instructions on how to make the connection.

Steps do not significantly vary between the different institutions. Log in to your online banking and select “Create PayID” from the menu. On-screen instructions will be given to choose the account you want to connect the PayID to and then enter a mobile number or email address. After the bank verifies the submitted information, it will send you a one-time code which has to be entered in the confirmation bar. Once you perform this step, you will see a message that the registration is successful, that is all. No further actions are needed since your bank will automatically add the functionality to your online account.

Depositing to Your Casino Balance

Once you complete the above steps and receive the confirmation that your PayID is registered and connected to the chosen bank account, you can proceed to executing online transactions including casino deposits and withdrawals. First of all, you should sign up with a gambling platform that supports PayID as a payment solution. We mention this as a separate step since although the product is getting increasingly popular among Australian casino players, it is not yet massively adopted by the local operators. If you do not see PayID’s black and white logo at the bottom of the respective website, do not rush to skip the casino but rather read its T&Cs or contact customer support to be 100% sure if it supports the service.

1. Log in to your account and enter the cashier section
2. Go to deposits and select PayID for your transaction
3. Copy the casino PayID email that will show up
4. Log in to your online banking account and click on the paying option
5. Select “email” and enter the one of your casino
6. Enter the amount you wish to deposit and confirm

Except for the first PayID deposit which may take up to 24 hours due to security reasons, all subsequent transactions will put the transfer amount in your balance in a manner of minutes. We advise you to watch out for bonus terms and conditions because some of the promotions require opting in while executing a deposit. Another important thing to keep in mind is deposit minimum and maximum limits. Although there is no universally applied range, in the majority of cases, players are allowed to transfer no less than $10 in their account balances.

Withdrawing from Your Casino Balance

As we mentioned earlier in this article, PayID is one of those payment solutions that enable online casino withdrawals in addition to deposits. If your account with the respective platform is fully verified, the process of cashing out your winnings is even easier than the one of topping up your gaming balance. All you have to do is go to the withdrawal section within the cashier of your online casino account. Localize PayID and set it as your preferred withdrawal option. You will then need to provide your PayID. Be sure to specify the amount you want to cash out and make sure it falls within the range allowed by the operator.

Quite a few Australian online casinos promote themselves for providing their users with the opportunity to execute instant withdrawals. Even a casino player with minimal experience should understand that this cannot be entirely true and the truth lies in the fine print, namely “instant after the withdrawal request has been processed”. The timeframe of web-based casino platforms is between 12 and 72 hours. If speedy withdrawals are a priority for you, read the respective transaction policy and then decide whether to use a certain brand for your gaming activity. Provided that advertisements do not always reflect the real situation, it may be a very good idea to look for some end customers’ reviews about their experience with the casino. Once the operator releases your winnings, you will immediately have access to them or in a few hours at most.

PayID Cost and Fees

Besides the high transaction speed, the other aspect of PayID payments that makes them so attractive for casino enthusiasts is the fact that they rank among the most cost-effective solutions nowadays. So far, we have not come across a bank that charges for linking your account to PayID. What is more, PayID is the type of service that eliminates the need to fund an account like digital wallets for example, which usually costs money. Take the popular Skrill and Neteller into consideration. They act as intermediaries between the consumer’s bank account and that of the merchant. As such, their holders must first load them with a certain amount before they can make online payments.

The good thing is that online casinos that have adopted PayID as a transaction method their patrons can use, do not tend to impose additional charges on deposits and/or withdrawals. If you have not noticed that you have come across such a casino, do not worry. The payment service operator always informs you about the total amount before you confirm the respective payment. Thus, you can reject an unfavorable deposit and move to a gambling platform with more beneficial terms and conditions. To avoid such unpleasant surprises, just familiarize yourself with the financial conditions in advance.

Needless to say, banks can impose their own fees for transactions carried out via PayID. There is no way we can give you adequate, albeit approximate, numbers on the possible charges, simply because the financial institutions involved are too many and their policies vary widely. In this line of thought, if you still have not set up an account with any of the banks PayID partners with, we advise you to compare the fees they impose and then decide which is the most suitable option. Also, take into account issues like ATM proximity and maintenance fees.

Security and Privacy

When it comes to handling money, security and privacy are of utmost importance. This is especially true when you are opting for a payment service you are not used to. As far as PayID is concerned, online casino players should have no worries since the solution must obey the same strict requirements that banks do. There is an abundance of technical means implemented with the only aim to ensure sensitive information is protected against misuse.

A feature that has gained the status of an industry standard is SSL (Secure Socket Layer) encryption. Generally speaking, it makes your sensitive information virtually unreadable and is a perfect means of preventing fraud and unauthorized use. Other tools for ensuring a safe payments environment are segregated funds storage, firewalls, and implementing state-of-the-art malware protection software.

In addition, PayID users can take advantage of two-factor authentication as an additional means to guarantee that nobody else but the relevant account holder has access to it. If you have enabled 2FA, every time you want to send a payment, you will have to wait for an SMS with a transaction confirmation code. There are different 2FA types – hardware tokens, SMS and voice-based 2FA, software tokens, push notifications, biometric 2FA, etc.

Avid casino enthusiasts who use PayID for their transactions love the fact that they execute deposits and withdrawals by simply typing in the particular amount and entering their email address or mobile phone number. This way, no banking information is revealed which is great because as we all know – the more privacy, the better.

Related Banking Methods

• Neosurf Casinos
• iDebit Casinos
• Interac Casinos
• Instadebit Casinos
• POLi Casinos
• eZeeWallet Casinos
• Google Pay Casinos
• CashtoCode Casinos

Advantages of PayID

Aussies have an abundance of reasons to favor PayID over the other payment methods they can use in relation to their online gaming experience. We have looked at some of them to give you an idea of what to expect if you decide to give PayID a try.

1. Lower risk of making mistakes – By using the aforementioned mobile number, email address, or ABN, the risk of mistyping a BSB or account number is significantly reduced. What is more, transactions are so organized that there is no chance to send money to the wrong receiver (person, online casino, merchant, etc.) since the payee’s name is always displayed for confirmation.
2. Fast transaction processing – Long gone are the days when casino players had to wait for 7 or even 10 or more working days before having access to their winnings. With PayID and quite a few other modern payment solutions like cryptos, for example, deposit and withdrawal times are reduced to between a few minutes and a couple of hours depending on casinos’ payment policy.
3. Easy and cost-effective usage – With no set-up and maintenance costs and no transaction fees on behalf of the service provider, PayID appears to be one of the most affordable payment solutions nowadays. Fortunately, this advantage does not come at the expense of a cumbersome usage procedure. Just the contrary, once you have registered and linked your PayID account, using it for online casino transactions turns out to be a piece of cake.
4. High level of security – Provided that PayID cooperates with reputable financial institutions, it has to obey the same rules for ensuring a safe environment for transaction execution. Identity verification and constant activity monitoring keep the cases of misuse and fraud to a minimum.
5. Available for both casino deposits and withdrawals – Despite the rapid technological development in the gaming and financial sectors, there are plenty of payment methods that players cannot use for cashing out their winnings. In case a deposit has been made via such a solution, the respective withdrawal must be made using an alternative method, usually a bank transfer. This, however, leads to paying transaction fees and waiting for quite a long time. As a rule, PayID users do not have this problem but we advise you to check the casino’s payment T&Cs in advance to avoid unpleasant surprises.

Disadvantages of PayID

So far in our article, we have only discussed the beneficial features PayID comes with, simply because they are really prevailing. However, every coin has two sides and this payment service makes no exception. Although they may look not that crucial, you better take these drawbacks into consideration before selecting PayID for funding your online casino experience.

1. Very limited territory covered – PayID is an Australian-only payment service, which means that only people residing in Australia and holding an active account with one of the local participating bank institutions are eligible for using it. No international transactions are possible and no other currency than AUD is accepted.
2. Still moderate adoption by online casinos – being a new and local payment method, PayID is slowly but surely making its way to the major gambling platforms. The choice of PayID online casinos is not yet comparable with the one regarding popular e-wallets or debit cards, for example.
3. No quick communication with the service provider – PayID has an official web page with an extensive FAQ section but it does not provide its users with a direct communication channel. They are invited to contact their financial institution or send an email to the New Payments Platform (NPP) at info@nppa.com.au.

Conclusion

As soon as it was established, PayID was considered a payment service that will fundamentally change the financial system in Australia. Such a conclusion should not surprise anyone since the opportunity to perform secure real-time transactions regardless of what time it is, is appealing for both businesses and physical persons. Online casinos that decide to include this method in the selection of payment solutions they support, will do themselves a favor. Millions of Aussies are already using PayID and its presence on a gambling platform will surely attract new players to set up accounts with the respective brand.

Let’s summarize the key features of PayID as an online casino payment solution – a service enabling instant deposits and very fast withdrawals with a high level of security and no additional transaction fees. Despite it comes with very few minor disadvantages, PayID is an excellent payment method for casino enthusiasts located in Australia.