PayID in Australian Casinos

Most international online casinos you will come across cater to Australian players, due to the loose online gambling regulation in the country. And many of these sites offer players the chance to use a local payment solution to make their deposits and withdrawals in the fastest and easiest way, among which the most popular is PayID. Considering this is an Australian-only payment solution with immense success and a user base in the country, it is the perfect solution to use as an Australian player at an international online casino site. We'll give you all the information we have on it in this article, but first, let's go over the online gambling framework in Australia so that you know exactly the options you have when you wish to join an online casino. What is PayID and why use it across Australian online casinos for safe deposits and withdrawals?

Online Gambling Regulation in Australia

We introduced Australia as a country with loose online gambling regulation, and now we should elaborate on it by going through the gambling history. Land-based gambling has been legal in the country since 1810, but it was not until 1973 that Australia regulated casino gambling and allowed operators to open the doors to their lavish brick-and-mortar casino venues, scattered all over the country. The Tasmanian West Point Hotel Casino was the first to open after obtaining a license to operate in the Australian gambling market.

When gambling was taken online, however, the country decided to take a minute and think about it. Afraid that the industry would be much more difficult to oversee and control over the internet, Australia eventually decided to ban online gambling with the 2001 Interactive Gambling Act. However, since it took its time to figure out what to actually do before the ban started getting enforced, some land-based operators that already had operations in place made sure to apply for an online gambling license to offer their services across the internet in Australia. And while these sites still function and cater to all interested Australians, no new licenses can be granted post-ban, and no new online casinos will ever be at Australian players’ disposal to join.

And while all of this is pretty straightforward to understand, when we mentioned the loose regulations, we referred to the options for players, not operators. New operators may not get an option to apply for an Australian online gambling license, since years after the ban was introduced, Australian ministers still have concerns about online gambling, but Australian players have the freedom to join any online casino they get access to, be it local or international. While the government blocks unlicensed sites, as long as Australian players manage to join a site, they are free to play there without worrying about getting prosecuted for it or anything.

That being said, as an Australian player, you really have a variety of options at your disposal. Not only can you join any online casino you get access to, but you also get to play all kinds of games by industry-leading software developers. Whether you’re into Live Casino games, which are currently the hottest games on the market, delivered by the likes of Playtech and Pragmatic Play, or you’re more into slots, offered by developers like Yggdrasil and Relax Gaming, you have them all at your disposal.

The only thing left for you to consider is the payment method you’ll use to fund your online casino account and cash out winnings from it. Now, it is extremely important that you get to use a local payment solution, so as to not lose money in currency exchanges. PayID is the solution to go with, really.

This is a local B2B transfer service that allows you to use your bank account with an Australian bank to make transactions to and from casinos based anywhere in the world, and in your native currency, the Australian dollar. It is incredibly convenient and easy to get started with and use, and it is accepted for both deposits and withdrawals across a great number of casinos that target Australian players, so it is basically the perfect match for you. Stay with us to learn more about it next, before we go into the actual steps you’d need to take to start your online gambling journey with it.

Using PayID Across Australian Online Casinos

It’s not been even a decade since PayID was launched, yet, it is already the top-favorite payment method among Australian players and operators that cater to them alike. Australian Payments Plus launched it in 2018, which is the domestic payments organization behind BPAY, EFTPOS, and NPP Australia, too. The B2B transfer service, of course, works on the standard banking system in Australia and as such, it is incredibly easy to use and offers unrivaled safety and security.

You must be wondering what's its forte. Well, it's the delivery time: with PayID your transactions are instant. Transactions with it are not only super-quick but also infallible, since you’re always asked to confirm them before they are processed. That’s the reason why over 100 leading Australian banks have decided to offer it to their users and why the solution is so popular across the country.

The best part is, that it is completely free of charge and incredibly private. In fact, to get started with it, all you need is an active bank account with at least one of the many partnered banks since you can use different accounts with different banks when transacting with it. Of course, you also need your online banking profile up and running, and as long as you do, you can start using the solution right away, on any desktop or mobile device.

Once you enter your online banking profile, you’ll see the PayID tab as an option to press. Press it and quickly go through the registration procedure by entering your mobile phone number and email, and creating your display name. This display name will actually be the only thing you’ll be sharing whenever you’re making a transaction with PayID. The display name, or the ABN, phone number, or email address, but never your actual bank account details! That’s how incredible the solution is.

As if all of this wasn’t enough, you can create multiple different PayIDs with different banks and bank accounts, so that you can use a different bank account for different transactions you have in mind. Speaking of, let's see next how to use the solution for your deposits and withdrawals across actual Australian casinos so that you get how easy it is to use.

Deposits and Withdrawals with PayID

CasinoDep, Spinnalot and Rich Palms are just some of the over 60 online casinos listed here at WoO you could visit as an Australian player to use PayID for your deposits and withdrawals. This, by default, means that the first task on your to-do list would be to start searching for eligible casinos to join.

The search won’t be difficult since you have so many options, so just go with the casino that seems like it would suit you best. Join it by registering a player account and then, to make your first deposit with PayID, do the following:

1. Enter your player profile and look for the Banking/Payments page.
2. Find the Deposits section and on it, look for PayID’s logo.
3. Press it and in the new window, enter the amount you wish to deposit.
4. Insert your display name in the designated field and confirm your transaction.
5. In an instant, the funds you requested will be transferred to your casino balance.

Not only is it an option, but PayID is the Australian players' preferred withdrawal method. That's mainly due to the fast processing times that apply for withdrawals, too.

Look for it in the Withdrawals section and proceed by going through the exact same steps as just described, entering the amount you wish to cash out this time. Wait for the casino's approval, which is a process that may take 24 to 48 hours, but once you get it, expect PayID to process it in under one minute!

Conclusion

PayID is, without any doubt, one of the most convenient, if not the best, payment solutions for Australian players across international online casinos. It offers fast transactions, it is easy to use and you can make both deposits and withdrawals with it in your native currency. It certainly deserves your try, so make sure you give it a go the next time you wish to play at your favorite online casino.