How long does it take to create PayID?

Creating your own PayID online banking account for deposits on betting platforms is easy and instant. The account details you need for deposits are your phone number or email address to set up your PayID account. If you want to create a PayID through your Australian Business Number (ABN), it may take 2 business days.

Is PayID safer than bank transfer?

PayID utilises the same security system as bank transfers but it can offer instant deposits and withdrawals to any online casinos or sports betting sites without any extra banking charge.

Is it possible to reverse PayID payments?

Yes, it is possible to reverse your PayID payments if money has been sent to the wrong person or betting institution. You just have to inform your bank about the incident with your banking information, and it will be taken care of!

What are the casino games I can play with PlayID?

Honestly, you have access to all the casino games and betting events if you use PayID as your deposit method and withdrawal method. You become eligible for the welcome bonus and free spins upon registration with the casino and the betting establishment, and then play poker, baccarat, blackjack, slots, video slots, and so much more!

Can I link several bank accounts to my PayID?

Unfortunately, that is not possible. You can only link one bank account to one PayID to transfer payments to various betting platforms.

PayID Betting Sites in Australia

Last update at 20 December, 2023

PayID is transforming the way Australians bet online, providing a safe and efficient method for managing payments on sports betting websites. It's becoming a favorite among discerning Australian bettors, setting a new standard for ease and safety in online betting transactions.

List of Payid betting sites in AU

Rank	Bookmaker	Rating	Bonus	Get bonus
1	MegaPari	5/5	100% WELCOME BONUS UP TO 150 AUD	Play Read review
2	BlueBet	4.5/5	Sports betting promotions	Play Read review
3	BC.Game	4.8/5	Welcome Bonus up to 270%	Play Read review
4	Rabona	4.5/5	100% welcome bonus of up to 150 AUD	Play Read review
5	starda	4.5/5	150% welcome bonus up to 220 AUD	Play Read review

What is PayID?

PayID is a quick financial transaction method in Australia that uses memorable information, such as an email address or mobile phone number, to send and receive payments. This payment system must be linked to your bank account, specifically to the BSB and account number, or to an email address, in order to process payments.

Deposits and withdrawals are more convenient with betting sites that are registered with PayID. In fact, you only need their PayID to make deposit payments and withdrawals.

However, this payment option is available to only about 100 Australian banks. So, if you are with one of the participating banks, you can create your PayID account today. Then, you can enjoy free spins and welcome bonus promotions on various betting sites in Australia!"

These edits enhance the flow and readability of the text while maintaining its informative nature.

Pros and Cons of Betting with Pay ID

Best Payid betting sites in Australia

How to Setup Your PayID

Setting up PayID for your bank account is limited to certain Australian banks, so it's important to check if your bank is a participating member. Once confirmed, activating PayID is straightforward.

Verify Bank Participation
step 1
Check if your bank supports PayID. This can usually be done through a quick online search or by directly contacting the bank.
Activate PayID in Internet Banking
step 2
Log into your internet banking platform, navigate to the Settings section, and look for the PayID option. Follow the prompts to link PayID to your account.
Use PayID for Transactions
step 3
Once PayID is set up, you can use it to make deposits and withdrawals on betting sites that support this payment method, ensuring a secure transaction process.

Best PayID Betting Apps in Australia 2024

Last update at 20 December, 2023

Rank	Bookmaker	Rating	Bonus	Features	Get bonus
1	Zotabet	4.8/5	Bonus: Wide Variety of Betting Markets	In play betting Multiple eSports options Extensive sports market	Play Read review
2	Leon	4.8/5	Bonus: 480 AUD welcome bonus in free bets	Large selection of sports Accepts cryptos Excellent website design	Play Read review
3	Casino Infinity	4.5/5	Bonus: 100% First deposit bonus up to 330 AUD	35,000+ Monthly events 24/7 Player assistance 240+ Football betting markets	Play Read review

How to Deposit Funds to Betting Sites with PayID

PayID is a simple payment method for online bookies in Australia that accept it. Generally, there is no minimum deposit amount required, and you don't need to disclose your bank account or other financial information when making a payment with PayID.

While there are other similar deposit options to PayID, they are not exclusive to Australian punters. If you want to keep your private information hidden and deposit money to betting sites anonymously, PayID is an excellent choice!

Additionally, before enjoying the free spins and welcome bonus offers, check if the betting site accepts PayID as its online payment method. Remember, without meeting the wagering requirements, you won't be able to withdraw your winnings later. So, don't forget to check!

Now, let's go through the procedure needed to deposit funds to a betting platform through PayID:

Open Your Bank's App: Log in to your betting account to get its PayID information. Then, open your bank's app and select 'Pay Someone.' The online betting site may use its mobile phone number or email for PayID. If it uses a mobile phone number, select that option.
Select the Right PayID Type: If the bookmaker uses an email address, landline number, ABN, or ACN, you'll need to choose the correct PayID type. In the CommBank app, for example, select the '+' sign in the top-right corner and find the PayID type from the drop-down menu.
Enter the Amount of Money: Type the amount you wish to deposit in the provided box, and mention that it's a deposit for the betting website in the description box, noting that you have a 280-character limit.
Confirm the PayID Payment: Review the fund amount and description, then confirm the deposit from your bank account. The transaction will appear instantly in your deposit or withdrawals history, although the actual process may take up to 24 hours for security reasons.

If you've previously made payments to these PayID betting websites in Australia, future transactions will be processed faster. Thus, depositing funds through PayID to betting sites typically takes just a few seconds!

How to Withdraw Funds from Betting Sites with PayID

After depositing to sports betting sites in Australia, withdrawing your winnings through PayID is straightforward.

Log in to Your Betting Account: Select PayID among the payment methods and enter the withdrawal amount. The first withdrawal might take a day to process, but subsequent transactions are usually quicker.
Have a Personal PayID: Ensure you have a PayID linked with Australian banks like CommBank, Westpac, or Bank of Australia. You can register for PayID using your phone number or email without involving your bank account.
Withdraw from Participating Betting Sites: If the betting site supports PayID, they can transfer winnings directly to your PayID via internet banking. This process is typically integrated into the 'Pay Anyone' banking method.
Check for Confirmation: Monitor your PayID transaction history for confirmation of the received funds. Transactions might show the Osko logo, which is part of the PayID payment platform.

In case of any difficulties with withdrawals, contact the betting site's customer support for assistance.

Security Features of PayID

In the Australian betting scene, secure payment methods are essential. Bettors seek a method that safeguards their funds without requiring the sharing of sensitive bank details.

PayID is a standout choice in this regard. It's important for bettors, especially newcomers, to verify if their betting site supports PayID. To use it, you need an account with an Australian bank that offers PayID. This system allows transactions using just your email or phone number, eliminating the need to share traditional bank transfer details.

Additionally, PayID enhances security through two-factor authentication, typically involving SMS confirmation. While each bank may have specific rules, the fundamental process remains consistent.

PayID's real-time fraud checks ensure the safety of your transactions, keeping your banking information confidential. Although newer and perhaps less familiar than traditional methods, PayID is a reliable option for depositing at betting sites.

Benefits of Using PayID for online betting

PayID is reshaping how payments work in Australian betting sites, offering a secure alternative to traditional banking methods. Here's what's noteworthy about PayID for online sports betting:

Simplified Transactions: PayID allows bettors to send and receive money without needing extensive bank details like the Bank State Branch (BSB) number. Your banking information remains confidential, safeguarding details like your credit card and account numbers.
Transparent Recipient Info: When using PayID, the recipient's name appears during transactions. This means you'll always know who you're sending money to, ensuring your deposits go to the right betting site.
Instant Access to Funds: Unique to Australian users, PayID stands out for its convenience. It enables instant deposits and withdrawals, free from the constraints of traditional banking hours. This feature is especially beneficial for timely bets and accessing winnings quickly.
Guaranteed Security: Overseen by major Australian banks, PayID ensures top-level security against unauthorized transactions and potential scams. Users can report any suspicious activities for immediate bank investigation.
No Additional Fees: PayID doesn't impose extra fees on transactions. While betting sites might have their own minimum deposit and withdrawal limits, PayID itself doesn't add any transaction costs.

PayID thus emerges as a secure, fast, and user-friendly payment method, specifically catering to the needs of Australian online sports betting enthusiasts.

Frequently Asked Questions

How long does it take to create PayID?
Creating your own PayID online banking account for deposits on betting platforms is easy and instant. The account details you need for deposits are your phone number or email address to set up your PayID account. If you want to create a PayID through your Australian Business Number (ABN), it may take 2 business days.
Is PayID safer than bank transfer?
PayID utilises the same security system as bank transfers but it can offer instant deposits and withdrawals to any online casinos or sports betting sites without any extra banking charge.
Is it possible to reverse PayID payments?
Yes, it is possible to reverse your PayID payments if money has been sent to the wrong person or betting institution. You just have to inform your bank about the incident with your banking information, and it will be taken care of!
What are the casino games I can play with PlayID?
Honestly, you have access to all the casino games and betting events if you use PayID as your deposit method and withdrawal method. You become eligible for the welcome bonus and free spins upon registration with the casino and the betting establishment, and then play poker, baccarat, blackjack, slots, video slots, and so much more!
Can I link several bank accounts to my PayID?
Unfortunately, that is not possible. You can only link one bank account to one PayID to transfer payments to various betting platforms.

Author

Jarin Ahmed

Like many aspiring writers, Jarin focuses on bringing life to the text for her readers. She is an avid sports lover, growing up in a family obsessed with bookies. She is an expert in the iGaming niche and has secondary obsessions with Gardening and cooking.

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4.5/5

2 votes

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