PayID vs. POLi
The main difference between PayID and POLi is their integration. While PayID is integrated with different banks and financial institutions, POLi serves as a standalone payment service. Australian gamblers can use both PayID and POLi because they come with unique features. Dive into a comparative analysis of the two payment options to understand which one is better for Australian gamblers.
Aspect | PayID | POLi |
---|---|---|
User Base | Restricted to Australia | Large user base across Australia and New Zealand |
Availability of the App | No dedicated app | App available for iOS |
Popularity at Online Casinos | Less popular than other payment methods | More popular than PayID |
Transaction Fee | Depends on the bank | No hidden fee for transactions |
Safety and Security | Highly secure | Meets all modern security standards |
Accepted Currencies | AUD | AUD and NZD |
Withdrawal Speed | Depends on your bank | Extremely fast |
Rewards and Cashbacks | Depends on your bank or financial institution | No rewards and cashbacks |
User Base
POLi is a straightforward and convenient method of payment, which makes it highly popular. Compared to POLi, PayID is a less popular form of payment. While PayID is only available in Australia, POLi is available in Australia as well as New Zealand. Therefore, the user base of POLi is more widespread than that of PayID.
Availability of the App
You won’t come across a dedicated PayID app. Instead, you will be able to access PayID services on the official app of your bank or financial institution. POLi has a dedicated iOS app to help you complete transactions on online gambling sites.
Popularity As a Payment Method at Casinos
Several casinos allow Australian gamblers to deposit and withdraw using PayID. But, its acceptance at online casinos is not as popular as other payment methods. POLi is a highly acceptable payment method at online casinos.
Transaction Fee
Whether you need to pay any transaction fee for using PayID on a gambling site will depend on your bank or financial institution. But, POLi does not charge any hidden transaction fee from users, irrespective of the gambling site.
Safety and Security
PayID is extremely secure and ensures that no one can intercept and modify transaction records. POLi uses all advanced security features for safe online gambling transactions. POLi also ensures that third parties cannot access the sensitive information of users.
Accepted Currencies
PayID is only useful for transactions conducted in Australian Dollars (AUD). It does not support any international currency. POLi supports Australian Dollars (AUD) and New Zealand Dollars (NZD) transactions. It is usually not used for transactions involving foreign currencies.
Withdrawal Speed
The processing time of withdrawals using PayID will depend on your specific bank or financial institution. Usually, the transactions are quite fast and completed within seconds.
POLi withdrawals are usually instant and take a maximum of up to 60 seconds. But transactions over $1000 can be a little slow.
Rewards and Cashbacks
PayID does not offer any rewards or cashback. But depending on the special offers and policies of your bank or financial institution, you might be eligible for some rewards.
As a payment facilitation service, POLi does not directly provide any rewards or cashback to users. But depending on the policies of the gambling site, you might be eligible for certain rewards. Therefore, look at the bonuses and rewards offered by an online casino in Australia before choosing POLi as your payment method.
To Conclude
Both PayID and POLi are useful for online gambling transactions in Australia. But, the availability of these payment methods depends on the particular casino site. Therefore, check which casinos in Australia accept these payment methods before proceeding with your bets.