The Best PayID Casinos to Make Fast Payments Online
Online gambling is all about risks. But players can make their casino experience safer by using PayID. This payment method doesn’t need them to share their bank details when transferring money as they use a unique universal identifier instead. Its overall simplicity encouraged the popularity of PayID casinos. Read on to know more!
What Is PayID?
PayID entered the Australian market as an initiative of the New Payments Platform (NPP). Being more convenient than e-wallets, it has no complicated authorization and verification procedures. No separate account needs to be funded as well. No wonder its customer base has reached 10 million users since 2018.
PayID doesn’t serve as a separate payment method. Instead, it allows users to make easier payments through their bank accounts. The service currently cooperates with 100 financial institutions across the country. For a better understanding, users may watch some guidelines for PayID.
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How Do PayID Casinos Australia Work?
So far, not many online casinos accept PayID as a payment method. Players still have a bunch of options to choose from.
PayID needs to be linked to one’s bank account to carry out transactions. When transferring money, players share their PayID number (their email address or phone number). The recipient’s name confirms that they have every BSB and Account Number digit right. This is especially important when dealing with large money. Thus, players can make deposits and withdrawals as long as they stick with the policies of the selected casino site.
Make Deposits Using PayID
Once users have PayID registered and connected to their bank account, they can make a deposit. Here are the basic steps to take at the PayID deposit casino in Australia:
- Log in to a casino account and enter the cashier section
- Select PayID for deposits
- Copy the casino PayID email
- Log in to an online banking account and click on the payment option
- Enter an active email address
- Specify the amount of money to deposit and click to confirm
The first PayID deposit takes up to 24 hours due to security reasons. All subsequent transactions are processed instantly.
Connecting one’s bank account to PayID is free. No fees apply to transactions via PayID. Online casinos may have different policies for online transactions. This is why casino players should read through the details in advance.
PayID Deposit Limits
Before depositing money, it’s important to keep in mind minimum and maximum limits. In the majority of cases, players can transfer no less than $10 to their casino account. Some additional limits can be imposed by the selected casino.
Make Withdrawals Using PayID
The process of withdrawing funds from an online casino doesn’t differ from depositing. Players need to log into their casino account, select PayID as a preferred payment method, and enter the sum of money they want to cash out. Then, they reveal their PayID to the casino operator and wait for confirmation.
Using PayID withdrawal casinos in Australia means having a pending period, which usually takes up to 72 hours. Once the casino approves a payment request, a casino operator sends the sum of money to PayID. Players need to consider the casino’s minimum and maximum withdrawal limits, as well as wagering requirements.
How to Pick the Best PayID Casino?
Before signing up for a trusted Australian casino with pay PayID, potential players should consider a few key factors. Here they are:
- Online banking – Does an online casino support PayID as a payment method? Is it available for deposits and withdrawals? What other payment methods are available?
- License and security – Does an online casino hold a valid license from the gambling authority? Is it secured with the up-to-date SSL? What other security procedures are applied?
- Variety of games – What games are available on the casino site? What providers deliver gaming software?
- Bonuses and promos – Does an online casino offers bonuses? Are there any no deposit bonuses? Is there anything for the most loyal players?
- Design and navigation: Is a casino’s website easy to navigate? Does it look appealing for long gameplay?
Advantages and Disadvantages of PayID Casinos
The convenience of financial operations is not the only advantage offered by PayID. Here are a few more perks to keep in mind:
- No need to provide financial information when transferring money
- Automatic transactions authorized within 24 hours
- No service fees from a payment method
- High maximum limits (up to $10,000 per day)
- Accepted in 100+ financial institutions across Australia
Advantages of PayID surely overweight disadvantages. It doesn’t mean players should ignore the latter ones just like that:
- A few supported currencies
- Slow customer support service
Most players joining PayID casinos turn a blind eye to the system’s negative aspects. They should be careful not to miss some important details though.
Safety and Security of PayID Casinos
The very fact that players don’t provide their bank details makes PayID a secure payment method. But there are even more measures involved as PayID is subject to the specific safety measures employed by the banks. For security purposes, banks cooperating with PayID perform fraud security checks. They need users to prove their identity to avoid scam accounts. Every time users want to make a payment at a PayID online casino, they have to complete two-factor authentication through phone and email.
PayID Casino Bonuses
Online casinos with PayID support different types of bonuses. Newly registered players benefit from a welcome offering, namely extra cash and free spins. Long-term players can join daily, weekly, and even monthly promos. They just need to make one deposit or a series of deposits to proceed. Some additional terms may be attached.
The most loyal players can receive additional rewards while climbing up the loyalty ladder. To make this happen, they need to collect loyalty points by playing games and making deposits. Again, terms differ from one casino to another.
PayID Casino Games and Software Providers
Similar to other gambling sites, they offer a wide assortment of games from top providers like Microgaming, Playtech, Ezugi, Betsoft Gaming, Play’n Go, and NetEnt. After placing a deposit with PlayID, online gamblers can enjoy slots, blackjack, roulette, or live dealer games. They also can find a couple of jackpots to claim the largest reward.
PayID casinos in Australia are gaining more and more popularity. Their banking system has reached a whole new level, initiating instant financial transactions whenever needed. Many players prefer transferring money with PayID due to its speediness and free policy. They just need to find a solid casino site to try this unusual payment method online.
What is the best PayID casino?
Players have different preferences and expectations from gameplay. Those need to be considered when looking for the best online casinos with PayID.
What do casino players need for PayID?
To create a PayID, players need an Australian mobile phone number/email address and an account with one of the partnered banks.
Is PayID compatible with mobile devices?
PayID is not an app but a specific identifier. It needs to be connected to one’s banking app through the PayID tab.
How to make an online casino PayID withdrawal in Australia?
Players need to log in to their casino account, set PayID as the preferred withdrawal method, specify the amount to cash out, and confirm a transaction.