Best PayID Online Casinos in Australia 2022

Best PayID Online Casinos in Australia 2022
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Best PayID Online Casinos in Australia 2022
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Updated: 24.08.2022
By Andrew Russell

PayID is a direct bank transfer service that Australian players can use for fast and safe transactions. The best PayID casinos in Australia allow you to make near-instant deposits from your bank account with very little information needed, like an email. With this service, you can forget about handing out your account or BSB number to an online gambling establishment. If you’re interested in learning more about this service in online casinos, you’re in the right place. Here, we provide a detailed review of PayID, how to set up an account, and how to use this payment service. 

Best PayID casinos OCTOBER 2022

CasinoBankingWelcome OfferRatingBonusVisit
1BizzoBizzo ReviewpayidUp to AU$400 on your first two deposits
AU$400Players from US welcomePlay now!
2Rolling SlotsRolling Slots ReviewpayidClaim up to AU$500 on initial deposit!
AU$500Players from US welcomePlay now!

PayID Alternatives

✅ Most secured: Mastercard casinos
⚡ Fastest payout: Cryptocurrency casinos
❤️️ Most comfortable: Neosurf casinos

General Information about PayID

PayID was launched on 13 February 2013 as part of the New Payments Platform. NPP is the brainchild of the Reserve Bank of Australia, developed to be an excellent payment infrastructure. This was after the RBA’s conclusion  in 2012 that real-time payments may be possible using Australia’s payment system. 

By 2020, over 60 banks have adopted the system, and in 2022, NPP reported over 10 million registrations in Australia. Some of the best AU online casinos have also made it one of the banking methods for deposits and withdrawals. 

How Does PayID Work?

When making a bank transfer to any entity, a sender must enter a BSB number and other information including the cardholder’s name, bank account etc. A BSB number is simply a 6-digit code that facilitates the transaction. The main idea behind PayID is to remove the need to disclose a BSB, an account number and other personal bank details. 

The PayID doesn’t replace your BSB code or account number; it only serves as an alternative. When withdrawing from online casinos that accept PayID, the gambling site will only require you to provide your unique PayID identifier. The same applies when funding your account on a  gambling site; you only need the casino’s ID for a successful transaction. Your ID could be an email address or phone number instead of your name and address of residence.

Setting up a PayID account

Before picking this option in casinos that use PayID, you need to set up an account in this payment system. The process is quite straightforward, and you can complete everything on your desktop or a suitable mobile device.

Step 1: Set up an account with your bank

You need to have a bank account before you can use PayID. Players who don’t have an account can open one online or visit any nearby branch. Actually, almost everyone in Australia has a bank account of some sort.

Step 2: Log into your internet banking app

Most financial institutions have apps that facilitate online transactions. You can download an appropriate app from Google Play or the Apple Store. After installing, enter your details to access your account. Alternatively, you can do the same procedures on the desktop.  

Step 3: Select PayID as a mode of payment

Select PayID as an option from Payment Settings in your bank app and follow the onscreen prompts. Enter the email or mobile number you wish to use as your ID. 

Step 4: Submit your details for confirmation

When you submit the information, the bank will validate your email address or mobile number by sending you a one-time code to confirm these details. After entering the code in the confirmation screen, a message will appear indicating that your PayID registration was successful. The bank will add the PayID function to the account you selected to use. Afterwards, your PayID will be activated, and you may use it to make and receive payments with online casinos or other merchants.

Depositing to PayID casinos in Australia

Using PayID to deposit to an online gambling establishment is fast and easy. If a casino accepts PayID, you’ll see this option after logging into your account and going to the banking section. Here is a step-by-step process of using this option to fund your account in an Australian online casino:

  • Enter the casino using your desktop or a compatible mobile device
  • Log in with your username and password, or create an account if you don’t have one
  • Open the cashier or visit the Payments page and select the deposit option
  • Select PayID
  • Log into your bank application
  • Select PayID from the available options
  • Enter the casino’s PayID and the amount you intend to fund your account with; ensure it’s not less than the minimum deposit amount
  • Confirm the transaction 
  • Claim your welcome bonus, if desired, and begin playing

Making PayID withdrawal from AU online casinos

You can also cash out your winnings from an online casino, using this payment option. Just follow these easy steps:

  • Enter your account and head to the cashier
  • Select the withdrawal option
  • Choose PayID as your preferred banking method
  • Enter the amount you intend to withdraw
  • Provide your PayID to the casino and submit your request

PayID works both ways, supporting deposits and withdrawals. However, some online casinos might only allow players to deposit with this option but not cash out. Therefore, you should visit the cashier to learn more about the available payment options for Australian punters.

Fees and transaction limits

Transactions you perform using this PayID are free of charge. However, some online casinos might impose service fees, notifying players in advance.

The amount you can deposit and withdraw at once depends on the gambling site and your servicing bank. You can learn about these limits by visiting the casino’s cashier. 

PayID pros and cons

Like all banking methods, PayID has advantages and disadvantages.

Pros

  • Players can transfer and receive funds without revealing their bank details
  • Transactions are fast, allowing you to make fast deposits and withdrawals
  • You don’t have to pay any fees when using this option
  • Players can link PayID to their bank account in a few easy steps
  • Major Australian banks support this service
  • The service is safe thanks to its sophisticated encryption technology

Cons

  • PayID is a relatively new service that still needs to earn the trust of Australian players
  • It’s not as widely used by online casinos as other payment methods

PayID mobile app

PayID itself doesn’t have a mobile app. Instead, it is integrated into other bank apps to make transactions easier. If your bank supports PayID, you’ll find the option in the payment settings of the application.

Although you use this service with your bank, you won’t need to use the account number for transactions. Providing your PayID, which could be a mobile number or email, is enough information for any money transfer. However, you must link PayID with your account. Besides, you can only use the service after your bank has confirmed your details.

How to select the best PayID casinos in Australia

Many factors come into play when selecting the best PayID casinos in Australia. You must ensure these sites are safe, legal, and have exciting offerings to keep you entertained. Here are a few things to keep in mind before signing up to play for real money:

  • Banking methods: Many AU online casinos are on the internet, each with various payment options, including credit cards and crypto. However, not all of these platforms support PayID. Visit the Banking page of the platform to find out if AU players can use PayID for deposits, withdrawals, or both.
  • Security: The top PayID withdrawal casinos in Australia should have a licence from a regulatory authority. Furthermore, these platforms should be protected by the latest SSL technology to ensure your information is safe. You can learn more about its safety protocols by reading through the privacy policy and terms and conditions.
  • Game variety: Every online casino should have a decent game catalogue. There should be an assortment of pokies, table games, specialty games, and live dealers for players who prefer real-time gaming. 
  • Bonuses: You should be able to claim lucrative deals even when using PayID to fund your gambling account. The best sites should have a welcome bonus and other promotions for AU players. Read reviews to learn more about the bonuses the online casinos offer before signing up.
  • User-friendly design: A complicated website layout makes it difficult for players to find their way around the casino. Top PayID casinos have fast loading times and are easy to use on desktop and mobile devices.

Conclusion

PayID is a payment service developed to help people perform speedy financial transactions in Australia. Players no longer need to provide a bank account number when gambling in the best PayID casinos in Australia. You only need to register a phone number or email as an ID with this service. Though new to the scene, online casinos are starting to offer this as a payment option for deposits and withdrawals. The fees and limits for transactions vary for every site. Though PayID turns out not to be very popular among Australian players, it is still a good payment service for depositing and cashing out your wins.

PayID casinos FAQ

1️⃣ What is PayID?
PayID is a payment solution that uses a unique identifier, allowing you to transact without revealing your account or BSB number. You only need the casino's PayID to deposit; likewise, the casino only requires your PayID code when you request a withdrawal.
2️⃣ What banks support PayID in Australia?
PayID is supported by a good number of banks in Australia. The full list of relevant banks is available on the PayID official website.
3️⃣ Is it safe to use PayID?
Players can make transactions using PayID only from the apps of participating banks. In other words, these transactions are protected by the same security as payments you make from your bank account.
4️⃣ Can I withdraw casino winnings with PayID?
Australian punters can withdraw their winnings from an online casino using their PayID code. They only need to provide their unique identifier instead of a bank account or BSB number.
5️⃣ What are the advantages of using PayID?
Players don’t have to share sensitive bank details, reducing the risk of a third party getting hold of this information. It also supports instant deposits and doesn't incur extra costs for all types of transactions.