Popularity Increasing with PayID Amongst Poker Players

PayID is an Australian payment platform that makes sending and receiving payments seamless. The benefits of the payment system include convenience, privacy, and cost-effectiveness. 

Given these benefits, it’s no wonder that PayID has become one of the most popular online payment methods for casinos. However, as Sergio Zammit has established, only specific casino sites accept PayID. Despite the growth in the popularity of the payment method, many big-name casino sites have yet to catch on. 

Simple to Set Up 

PayID is simple to set up and can be used instantly. If you create your PayID using your phone number or email address, you can start using it for casino transactions the same day. 

However, if you set up your PayID using your Australian Business Number (ABN), you may have to wait a few days for verification. This is because an ABN requires manual verification, while a phone number or email does not. 

Simple to Use 

Unlike traditional banking methods, you don’t need to input lengthy account numbers or sort codes into the online casino. All you have to put in is your account identifier – i.e., the email, phone number, or ABN you signed up with. This removes the risk of inputting an error and ensures you can deposit and withdraw money seamlessly. 

Plus, you don’t have to share sensitive banking information with people you don’t know. 

Real-Time Payments 

PayID transactions can be completed quicker than some traditional methods. Generally, PayID transactions are completed within seconds.  One of the big draws to online poker is its fast-paced nature, which is especially apparent when you compare it to in-person gameplay. Automatic dealing speeds up poker so much that gamblers play several tables simultaneously. If you like to do this, PayID could be key to optimizing the speed of your poker play. 

It’s Secure

When you’re playing online poker or competing in a tournament, security is of paramount importance. Not only can you likely gamble with a large sum of money, but you can also put your personal details on the line if you’re not careful. Data breaches can occur, causing you to lose your winnings and fall victim to identity theft. 

Thanks to its sophisticated security system, there is less of a risk of this happening when using PayID. 

Firstly, PayID uses encryption to keep your personal data incomprehensible to anyone who might find access to it. Secondly, PayID comes with two-factor authentication, which reduces the risk of someone infiltrating your account and stealing your money. 

Lastly, the tool features fraud monitoring, which monitors transactions and flags suspicious activity. 

PayID is Free

If you win big at poker, the last thing you want to do is lose some of it when paying a withdrawal fee. Unlike other payment processing tools, PayID is free to use. There isn’t a premium or paid-for version of the tool, so you’ll never feel pressured into spending more for a better service – the free version is the only version! 

With no transaction fees or premium accounts to pay for, PayID is one of the most cost-effective means of playing online poker. 

Alternative Uses 

Poker players don’t only use PayID for online casinos; they can also send and receive money outside the poker room. 

Like other methods, PayID is a convenient and reliable way to deliver money over the internet—it’s also becoming extremely popular. The Australian Banking Association found 15 million people had PayID accounts in 2023.   

When sending money, the tool allows you to write a 280-character description so that the payee knows who it’s from and why it is being sent. Account confirmation is also carried out before sending a payment, ensuring your money is sent to the correct recipient. 

When an individual is used to using PayID outside the poker room, it makes sense that they should also use it when it’s supported by an online casino. 

Final thoughts 

PayID has become a popular online casino payment method among Australians thanks to its simplicity. It’s easy to set up and use and provides users with fast, real-time payments. The payment method is also subscription-free and doesn’t impose any transaction charges. It is also highly secure, with sophisticated measures to keep your money safe and your data hidden.