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PayID Casinos: The Payment Option for Quick and Safe Deposits

by Jack Harris
| 22/12/2020
PayID Payment Option at Online Casinos

If you have ever felt hesitant about sharing your bank details with someone, PayID could be a great option for you. PayID is the latest banking method you can use to make transactions at real money casinos and other online businesses.

A PayID unique number is easier for people to remember than regular bank details. It has replaced the need for furnishing bank details when transferring funds as it uses a unique universal identifier.

Let’s find out more about this new payment option and see how it works.

 

PayID - The New Banking Method

PayID is a new payment service connected to your bank account and offered by around 100 banks including HSBC Bank, Citibank, and the Reserve Bank.

What is PayID?

A PayID is an identifier that is exclusive to you. It is similar to your mobile number and an email address that you can link with your bank account to send and receive payments. After you have linked this unique identifier to your bank account, you can provide your PayID number for payment instead of giving out your BSB and account number. PayID helps to make deposits quicker, safer, and easier. You can also use someone else’s PayID to transfer money to them.

PayID and Osko payment services are launched as a package of the New Payments Platform or NPP. It signifies that you will be able to use your PayID identifier number to get money quickly to the recipient through Osko.

PayID Payment Option at Online Casinos

Because real money casino gaming has become very popular in the past few years, online casinos are doing their best to introduce safe and secure payment options so that players can make transactions without disclosing their banking details.

Many reputable online casinos have introduced PayID as an alternative for players looking for anonymous, safe and quick casino payment options and we expect more to follow.

How Does PayID Work?

Your PayID is connected to your bank account. When you wish to deposit funds to a new online casino or retailer, there is no need to share your bank details and account number. You just need to share your PayID, which can be your email address or mobile number.

The PayID payment option will also ensure that you are transferring funds to the right person. When you are sending money and making a payment through PayID, the name of the individual, who is the owner of that PayID number, will be displayed. This will help you know that you are sending funds to the right person. Once you have confirmed the recipient's PayID account, the money will be transferred instantly to their account. 

How Do I Pay With PayID at an Online Casino?

PayID Payment MethodFirst, you will need to register PayID with your bank or financial organization. If you want to make a payment through mobile, you will be required to download the ING Banking app and follow the process to create your account. If you want to make payments through your desktop, you will be required to log in to online banking and then create your account.

PayID Deposits at Online Casinos

  • Log in to your account at the PayId online casino of your choice
  • Navigate to the banking or cashier section at the casino
  • Select the amount you want to deposit, making sure it is above the minimum deposit amount set by the casino
  • Check PayId as your chosen banking method
  • Submit you PayID details to make the transaction.

Now you are ready to play your favourite online slots with real money using PayID. What happens when you want to withdraw your winnings?

PayID Withdrawals at Online Casinos

  • Open the withdrawals section on the casino site
  • Choose PayID as your withdrawal method and enter the amount you wish to withdraw. 
  • Enter your PAyId details as prompted by the casino

Benefits of Using PayID at Online Casinos

Here are a few of the benefits of using the PayID payment option:

  • The sender can send the payment to the recipient without knowing their bank details. The sensitive details will be protected by the unique payment identifier number.
  • The payID payment option is secure as it is protected by encryption technology.
  • When you send the payment using the PayID method, the name of the recipient will be displayed; thus making it convenient and easier for the sender to make quick and assured payments.
  • The fund transfer is processed very quickly.
  • The amount will be received to the linked bank account quickly.

Play Online Pokies using PayID

Pokies are by far the most popular online casino game as far as online gamblers are concerned. You can now enjoy playing your favourite pokie games as well as table games and all other casino games when you use PayId to make your deposits and withdrawals.

With the introduction of the PayID payment option, depositing and withdrawing your funds at online casinos is safe, fast and convenient. Give it a try and spin some reels today.

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Is PayID safe?

Yes. As PayID is connected to your bank account, payments made with PayID are just as secure as bank transactions. However, paying with PAyID gives you the added benefit of not having to disclose any of your bank account or BSB information to the online casino.

Can I make Withdrawals Using PayID?

Yes you can, as long as the online casino you are playing at accepts PAyID casino withdrawals.

Are there any transaction fees when using PayID?

No, you are not charged any payment fees for deposits or withdrawals using PayID at online casinos.
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