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 for Aussies and see how it works.
In general, 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.
Your PayID is connected with your bank account. When you wish to deposit funds at an 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.
First, 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 Australian 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.
The process to send money with PayID is simple.
There are several differences between the PayID payment option and other payment options. Here are a few of the benefits of using the PayID payment option:
Several online casinos cater to players in Australia. The majority of Aussies casino players prefer playing real money casino games for much-needed entertainment and to earn quick money.
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 reputed Australian online casinos such as the Fair Go Casino have introduced PayID as an alternative for players looking for safe and quick casino payment options and we expect more to follow soon.
With the introduction of the new payment option, sending money to others has become quite simple and secure. You can make it quicker and convenient when you have a PayID.
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