PayID – Payment method for online gambling
This article will be dedicated to PayID casinos, specifically to this payment method. Our experts will help you understand whether this option of transactions is effective, comparing it with other options and discussing the main advantages and disadvantages.
After reading the following sections, you will want to choose PayID online casino at payidpokies.com and use this method to fund your virtual account.
The Beginning of Using PayID for Online Gambling
The Australian government has always cared about its citizens, which can be seen in all kinds of reforms, including the transformation of payment systems. As a result, 2018 saw a sort of “breakthrough” in this area when NPP, a new payment platform, was introduced.
As part of this global change, PayID was launched to relieve Australians of routine transactions and the long-term wait for transfers. It also provided an opportunity to secure customers from data leakage, giving complete privacy.
You will learn more about all the key features of using PayID in casino Australia in the next section, so read it carefully.
Main Advantages and Disadvantages of PayID Casinos
In users’ eyes, any payment system has features that can look both positive and negative, so our experts have compiled a list of them for a more comprehensive assessment.
It is worth starting with the obvious advantages of PayID, which include:
- The ability to instantly start playing for real money in PayID pokies because the deposit procedure occurs immediately.
- When making a payment in PayID casinos, you should specify only your unique identifier without giving out confidential information, which allows you to remain anonymous and not worry about the safety of your data.
- Depositing in any online casino with PayID is performed with a few mouse clicks, and even a beginner can cope.
- This payment method is prevalent in Australia, so choosing the right platform for you will not be difficult.
The key disadvantages our experts have identified are:
- Reduced limits on the maximum size of the transaction, compared to the same bank cards or e-wallets
- Most online casinos with PayID do not allow withdrawals in this way
Security of Money Transfers in PayID Casinos
One of the main reasons for the emergence of PayID is the need for a fast and secure method with a simple interface. Clients of this system can not worry at all about the safety of their personal information and money because such tools provide all these:
- Using SSL encryption with asymmetric keys of 2 types creates a secure communication channel and hashing all data on the client.
- Possibility to set up two-factor verification, which prevents fraudsters from getting hold of your savings.
- You simply do not give the system any information about yourself, except for a unique identifier. This makes you protected and eliminates the risk of data leakage.
- The described payment method cooperates with more than 100 well-known banks in Australia, thanks to which it has earned a very reliable reputation, which it cherishes.
Is Online Casino PayID Withdrawal Possible?
Our experts have previously noted that online casino PayID withdrawal is quite a rare option and cannot be found on every site. Australian gambling platforms usually provide a complete list of payment systems in the Banking or Payments section, allowing any player to plan how he will deposit and perform the reverse procedure.
Nevertheless, some sites allow online casino PayID withdrawal thanks to their cooperation with leading Australian banks. However, in this case, you should prepare yourself for some peculiarities of such transactions:
- The duration of the transfer can exceed 2-3 hours and sometimes reach 1 day
- Winnings from some PayIDpokies may be blocked for withdrawal in this way
Some promotions impose a restriction on money withdrawn using PayID
Alternatives to PayID at Online Casinos
Every player who chooses PayID casino should be morally prepared that they will have to use an additional payment method to withdraw funds. In many cases, you will be able to find a more practical option for this purpose, and to do this will help a summary table from our experts, where there will be a comparison of popular systems:
Feature | PayID | Credit/Debit Cards | Bank Transfer | Cryptocurrency Wallets |
Addressing Type | Unique | Card Number | Account Number/IBAN | Crypto Address |
Speed | Depends on Network | Instant to several days | Usually 1-5 days | Typically fast, varies by network |
Security | Secure | Depends on bank | Depends on bank | Depends on technology |
Privacy | Full | Limited | Limited | Typically high, varies by crypto |
Convenience | Simplified address for all networks | Requires number, expiry, CVV | Requires extensive details | Address for each crypto separately |
Global coverage | Intended for global use | Depends on banking networks | Usually country-limited | Global |
Fees | Depends on Network | Usually high | Usually high | Varies by the network, can be high |
Conclusions and Recommendations
To summarize, our experts would like to highlight the importance of PayID for the modern gambling industry in Australia. This payment method has provided users with additional security and privacy and simplified the procedure of replenishing a virtual account through a clear and ergonomic interface.
Our specialists advise you to choose PayID casinos, but even in this case, you should not forget about other aspects of safety – protection from gambling addiction in its various manifestations. Try not to play every day for 3 hours or more, and also control your emotions when things go too well or, on the contrary, badly. You can also use the Responsible Gambling section, which will help you limit your online casino activity and save money in the long run.
The published material expresses the position of the author, which may not coincide with the opinion of the editor.