Is PayID a Good Banking Option for Australians?

When shopping around for a new online casino, aside from checking out the list of pokies on offer or whether they have live casino games, establishing what their banking portal has on offer is the next thing to look into.

After all, no one wants to go through the rigmarole of creating a new account only to find that the casino insists you use a credit card or electronic funds transfer that takes days to show in your account.

Of course, online casinos have come a long way since the 90s and offer almost every payment method you can think of. The customer comes first as operators know how stiff the competition is within the market.

From debit cards and prepaid vouchers to e-wallets and Bitcoin, online casinos are doing what they can to cover all their bases as they make the online gambling experience as pleasurable and seamless as they can.

Safety First

While every banking option has a specific security framework which will often get used as an incentive for you to select one over the other, not all safety systems are created equal.

In the days of credit card cloning and hacking, it is up to you, the player, to make sure you have done your due diligence when selecting the method of payment that is best suited to your needs.

Security is of the utmost importance when transacting online and doing what is necessary to mitigate risks at every turn, so digging deep and researching every option possible is essential.

Given that this research can take a great deal of time, something that we are all in short supply of, we have done the legwork and put together resources which are easy to read and a breeze to understand.

What is PayID?

PayID is a payment method that is unique to Australia and is ideal for those wanting to pay for goods and services locally. This virtual e-wallet is new to the market but is incredibly quick and easy to set up.

Give your bank a call to link your account to your identifier of choice and, once activated, you’re all set and ready to go.

Essentially a shortcut to your bank account, PayID cuts out the need to share bank account details with internet strangers by using your email address or mobile number to make and receive payments.

How Does It Work?

This payment method is 100% safe and secure – which is perfect for those who are keen to protect their personal and financial details. Not only is it much easier to remember, but also makes online transactions a breeze.

From a safety perspective, your PayID is kept secure through your banking app or internet banking so, by using the encryption provided, you can transfer funds quickly and easily to pay for goods and services.

Using PayID at Australian Casinos

PayID users reap the rewards when they pay for casino credit using this method of payment. Gone are the days of painstakingly capturing your bank details and being worried about getting the digits wrong.

At online casinos like Fair Go, all you need to do is log in and visit the banking portal to get set up. Once your unique identifier is loaded, select this option to purchase casino credit or withdraw winnings for almost instant access to your cash.

Using PayID is a safe way to bank at top Australian online casinos with ease. If you’re keen to learn more about e-wallets and other payment options, take a look at our handy guides.

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