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 is a new payment service connected to your bank account and offered by around 100 banks including HSBC Bank, Citibank, and the Reserve Bank.
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.
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.
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.
F
irst, 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.
Now you are ready to play your favourite online slots with real money using PayID. What happens when you want to withdraw your winnings?
Here are a few of the benefits of using the PayID payment option:
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.
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