At OnlinePayIDPokies, we understand how important it is to choose the right payment method when playing at online casinos. Fast deposits, smooth withdrawals, and secure transactions can make all the difference in your gaming experience. Two of the most commonly used options in Australia are PayID and traditional bank transfers. Both have their own perks, but depending on what you’re after—speed, ease, or convenience—one might suit you better than the other. Our team has taken a closer look at both to help you decide which method works best for your casino play.
What is PayID
PayID is a simple way to receive and send money without needing to remember lengthy BSB and account numbers. It’s part of the New Payments Platform (NPP) in Australia, designed to make payments fast and easy. Instead of typing out your full banking details, you can just use something easy to remember—like your phone number, email address, or ABN—as your PayID.
This method is quickly becoming a favourite for online casino players because of how fast and user-friendly it is. You don’t need to log into online banking and double-check digits. Just use your PayID and the money usually lands in your account within seconds. It’s that quick and straightforward.
How to Make Payments Using PayID?
Using PayID to make deposits at online casinos is a smooth process. Our team has put together a simple guide so you can get started with confidence:
- Set up your PayID – Log into your online banking app or website and link your mobile number or email address to your bank account.
- Go to the casino’s deposit section – Choose PayID as your deposit method.
- Copy the PayID provided by the casino – This will usually be a phone number or email linked to the casino’s account.
- Open your banking app – Select the option to make a payment using PayID.
- Paste the casino’s PayID and enter the amount – Double-check everything before confirming.
- Confirm the transfer – The money should reach your casino balance almost instantly.
What is Bank Transfer
Bank transfer is one of the oldest and most reliable methods for moving money between accounts. It involves sending funds directly from your bank account to the casino’s account using traditional banking details like a BSB number and account number. While it may not be the fastest method available today, it’s still widely used, especially by players who prefer a more familiar, no-frills option.
Unlike newer systems like PayID, bank transfers can take a bit more time—especially for withdrawals. Processing might take anywhere from a few hours to several business days depending on your bank and the casino’s policies. But for those who don’t mind waiting a little longer, bank transfer remains a trusted and secure way to manage casino payments.
How To Make Payments Using Bank Transfer?
Making a payment using bank transfer is straightforward but requires a few extra steps. Here’s how you can deposit funds into your online casino account using this method:
- Log into your online banking – Use your bank’s app or website to get started.
- Go to the casino’s deposit page – Choose “Bank Transfer” as your deposit method.
- Copy the banking details provided by the casino – This includes BSB number, account number, and account name.
- Enter these details into your banking platform – Make sure to double-check everything to avoid errors.
- Type in the amount you wish to deposit – Be sure it meets the casino’s minimum and maximum limits.
- Add a reference if required – Some casinos ask for a username or transaction ID in the reference field so they can track your payment.
- Confirm and complete the transfer – Your bank will process the payment. It may take a few hours to a couple of days to appear in your casino account.
PayID and Bank Transfer Difference
Choosing between PayID and bank transfer depends on how quickly you want your money to move and how you prefer to handle payments. Some players go for the fastest option, while others stick with what’s familiar. To make the decision easier, our team created a table that breaks down the main differences between the two.
| Feature | PayID | Bank Transfer |
|---|---|---|
| Speed | Almost instant | 1–3 business days |
| Ease of Use | Very simple (just an email or phone number) | Requires BSB and account number |
| Setup Required | One-time setup in banking app | No setup, but manual each time |
| Availability | Supported by most Aussie banks | Available at all banks |
| Fees | Usually free | Often free, but can vary |
| Best for | Fast deposits and withdrawals | Larger transfers or familiar method |
Which Payment Method Faster at Online Casinos?
PayID is the clear winner in terms of speed. Deposits land in your casino account almost instantly, letting you start playing within moments. For withdrawals, PayID can also be faster if the casino supports it—sometimes processing within minutes, depending on your bank.
Bank transfers tend to be slower. Deposits can take several hours to a full business day, and withdrawals might stretch over a few days. This can be frustrating, especially if you’re ready to enjoy your winnings or want to make a quick deposit and play right away.
Players who want quick access to their funds and less waiting around usually go with PayID. It’s designed for fast-moving payments, which makes it a perfect fit for online casino gaming.
Security & Safety
Both PayID and bank transfers are backed by Australian banks, which means they come with solid security measures in place. PayID works through the New Payments Platform (NPP), a system built with real-time fraud monitoring and encrypted data transfers. It adds an extra layer of protection by letting you use something simple—like your phone number or email—without exposing your actual bank details.
Bank transfers are also secure, especially when done through your bank’s official app or website. Every transaction is monitored, and most banks have strong fraud detection systems to keep your money safe. The main difference is that bank transfers involve sharing your BSB and account number, which might feel less private than PayID’s masked approach.
Our team always recommends sticking to licensed casinos with verified payment systems. No matter which method you use, the key is making sure you’re playing on trusted sites that protect your personal and financial information.
Conclusion
At the end of the day, both PayID and bank transfers are reliable options for Aussie players—but they serve different needs. If you value speed and convenience, PayID is a standout. It’s fast, easy to use, and perfect for quick casino deposits and withdrawals. No more waiting days to see your funds hit your account.
Bank transfer, on the other hand, is a classic. It’s a great fit if you’re more comfortable with traditional banking and don’t mind a little extra time for processing. It’s also handy for larger transactions or players who just prefer a familiar method.
Our team recommends PayID for players who want a fast, smooth experience at online casinos. But whichever option you choose, the most important thing is to play smart, stay safe, and enjoy the game.
