Written by:
Damjan Jugovic Spajic
Fact checked by:
Alex Windsor
Updated:
December 12, 2023

PayID Betting Sites Australia

PayID Betting Sites Australia

PayID is gaining a reputation as a highly trusted money transfer system in Australia’s evolving digital gaming landscape.

Dozens of legal Australian betting sites are integrating PayID into their platforms. The payment system simplifies an otherwise tedious and data-sensitive process. It guarantees greater privacy while ensuring optimum security. PayID also eliminates the need to use a Bank State Branch (BSB) or an account number to specify your region, bank location or share other sensitive details.

Instead, you will only link a phone number or email with your bank account to approve online transactions. Register with an online bookmaker, open the cashier menu, and select PayID as your payment method. Type the deposit amount and follow the on-screen instructions to finalize the transfer. It’s as simple as that.

This guide will discuss the conveniences (and drawbacks) of this payment system further. Read on to see how PayID deposits and withdrawals work and explore Australia’s best PayID betting sites.

How PayID Online Betting Works in Australia

PayID is a new payment platform created by Australia’s New Payments Platform (NPP) in 2018. It is a digital payment solutions service that aims to fix deficiencies with some conventional payment methods. Although operational for 5 years, it is only in the past couple of years that Australia’s online betting community started recognizing the benefits of PayID.

Its main contributions are security and seamless use across any platform. With PayID, Australian bettors can transfer funds to and from their betting account and to and from their bank account using nothing but a unique PayID identification code and their phone or email.

Australians consider it one of the top AU betting sites‘ payment methods because of its seamless usability. To deposit money into your betting account, open the cashier section and select PayID. Copy the PayID email, log into your bank account via app or desktop, and add the new PayID email. Confirm the deposit and you will be notified that the transfer has been successful. It’s as simple as that.

Best Online Betting Sites Accepting PayID

While initially overlooked by online betting operators, PayID is steadily becoming the norm in the Australian online betting market. Practicality, instant deposits, and steady bank transfer solutions from nearly every major Australian bank make PayID the go-to method for thousands of Aussie bettors.

Our industry experts joined forces to select the best betting sites in Australia that integrate PayID into their platforms. Here are their picks.

Top PayID Betting Sites for Aussie Players

🥇Neds Sportsbook

Neds Sportsbook is one of Australia’s top PayID betting sites for racing. But horse and greyhound racing are two of more than 20 sports. Other categories include motorsports, basketball, tennis, rugby, and UFC/MMA. The betting markets and odds reflect the industry standard, and betting features like the Punter Assist make the experience easier for newcomers. The versatile choice of bonuses is another point worth mentioning.

Neds is a legal online betting site, complying with security and privacy standards set by Australia’s Northern Territory Racing Commission. PayID is one of the few accepted deposit and withdrawal methods next to PayPal and other traditional banking options. Just tap the Deposit tab in the header and select PayID from the right-hand side menu. Follow the instructions to finalize your deposit, and that’s it. The minimum deposit of A$5 makes this betting site quite accessible to newcomers and casual bettors.

✅Pros

❌Cons

🥈Palmerbet

Palmerbet is arguably one of Australia’s most generous PayID bookmakers for weekly promotions. Alongside the $100 bonus bets promo, you can utilize the Sports Multi builder, the Same Game Multi, and the Same Race Multi features. These features allow you to make combined odds for a potentially bigger payout. The sport selection includes more than 20 categories.

The banking rulebook is player-friendly. PayID users can withdraw money within 24 hours of sending a request. However, withdrawing from an offshore bank account can delay the process. PayID betting deposits can be as low as A$10. This low minimum allows recreational bettors to test the bookie with a minimal investment before committing to a larger deposit.

✅Pros

❌Cons

🥉Dabble Sports

The lack of payment methods is the only notable disadvantage of Dabble. Yet, it is one of Australia’s most exciting online bookmakers. What makes it so is the unique community that fosters a friendly atmosphere. Bettors can chat, discuss events, stream select games, and pick up valuable info from Trending Tipsters.

While the on-site support center can be confusing, the banking pages are clear-cut and informative. PayID is one of the few available payment methods, with a minimum deposit of A$10. Depositing funds via PayID can be done in a few simple steps, which Dabble illustrates clearly in the How to Deposit section.

Although you can use features like the Multi Bet to combine multiple legs into your slip, their bonus choice is scanty. Although there was a shortage of bonuses at the time of writing, you can receive unexpected discretionary bonus cash bets or similar incentives after signup.

✅Pros

❌Cons

🎖️BlueBet

BlueBet is comparable to the previous operators in almost every respect. The sportsbook card focuses more on horse racing but also covers mainstream sports. The narrow bonus selection centers mainly on features like early cash out, free bets, or boosted markets. The support desk is where BlueBet trumps many competitors. The live chat assistants are prompt and helpful. You can call on one of the dedicated hotlines, email them, or send a fax from or outside Australia.

The PayID deposit process is identical. You select it from the list of options, generate your PayID, copy it into the relevant field in your bank account, and confirm the transaction. You should note that the bank may initiate a security check-up if this is your first time depositing via PayID. This can delay the transfer of funds.

✅Pros

❌Cons

🏅bet365

NFL early payouts, NBA early payouts, hockey early payouts…bet365 is the destination for adding extra security to your bets. But those are only a few betting promotions and features that enhance the user experience on bet365. The mobile apps function even better despite the smaller screen size. However, there are occasional lags if you’ve not updated the app.

Once you register and verify your account, bet365 will automatically adjust the banking details, such as country, language, local currency, and relevant payment methods. If you make your first deposit using PayID, subsequent withdrawals will also be processed through this method. Minimum PayID transactions are A$10, so you can start small before committing with more funds.

✅Pros

❌Cons

Why We Selected These PayID Betting Sites

Australia’s homegrown legal betting market fosters a safe gaming ecosystem with a near-foolproof system on all fronts, especially banking. But safety is one of many aspects of banking to consider. We evaluate individual payment methods by assessing their overall usability and convenience.

A betting site is as good as the sum of all its individual constituents. Every PayID betting site on our list meets our criteria for banking fairness, betting market selection, player privacy, and mobile betting. Our testers reached even further by going through the available sports promotions and evaluating the payment system of every operator individually.

We also consider region-specific details such as local licensing authorities and regional laws to ensure operators are fully compliant. Every operator we listed provides adequate tools for responsible gaming and is associated with BetStop – Australia’s national self-exclusion organization.

Once we crossed legality and fairness off our list, we focused on the entertainment part of the selected Australian bookmakers. We compared the odds, choice of promotions, live markets, and exclusive betting features of over a dozen operators.

Suffice it to say that operators must be compatible with PayID to be even considered for evaluation. Dozens of betting sites accept PayID, but we pick the ones with the most agreeable banking terms.

How to Deposit with PayID at Online Betting Sites

PayID is considered one of the best payment methods at Australian betting sites for its ease of use. You don’t necessarily need to create a separate PayID account. Find a betting operator that accepts PayID and link it with your online bank account. We will illustrate how the process generally plays out using sample images from multiple PayID bet sites on our list.

  1. Step 1. Choose one of our selected PayID betting sites
  2. Step 2. Open a betting account and verify it
  3. Step 3. Claim a promo (optional)
  4. Step 4. Tap the ‘Deposit’ button and select PayID as your deposit method
  5. Step 5. Generate a unique PayID email address, then copy the email.
  6. Step 6. Log into your online bank account via an app or on your computer.
  7. Step 7. Input the new PayID email contact in the required field.
  8. Step 8. Verify the payment without adding any bank details.
  9. Step 9. Wait for the bank to process and confirm the transfer.
  10. Step 10. Start playing.

PayID Minimum and Maximum Deposit Limits

The average minimum deposit with PayID is A$10 across most Australian betting sites. But you should have noticed some operators have lowered the minimum PayID deposit to A$5. This will favor low-budget bettors who want to avoid sizable deposits. However, most PayID Australian betting sites accept deposits up to A$10,000 for those who plan to stay for the long term.

Note that your bank’s policy may affect deposit and withdrawal allowances. Some banks may set a higher minimum deposit or lower the withdrawal limit. In this case, the rules of the bank take precedence.

How to Withdraw From PayID Betting Sites

Withdrawing with PayID is even easier than making a deposit. The order of the steps is pretty much identical for every bookie. Here’s how it usually plays out.

  1. Step 1. Log in and access the cashier menu.
  2. Step 2. Tap the Withdraw/Withdrawal button.
  3. Step 3. Add a bank account.
  4. Step 4. Provide PayID identifier and details.
  5. Step 5. Input the desired withdrawal amount and submit.

Remember that your cash-out request may have to undergo a pending period of up to 3 days. However, most operators aim to process requests within 24 hours. We’d also like to remind you to withdraw only when you have no outstanding bonus wagering requirements or an active bonus. Unsatisfied wagering requirements will effectively bar any deposit requests.

Withdrawal Processing Times

When it comes to withdrawing, we can only work with approximate numbers, considering bettors withdraw under different circumstances. For instance, where one user draws the total allowed maximum amount, another can be limited to a calculated amount due to an earlier cash-out or other factors.

On average, PayID betting sites process transactions within 48 hours. Some pending withdrawals can take up to 72 hours before being transferred to your account.

Note that first deposits with PayID can take longer because some banks conduct identity verification and security check-ups. The same applies to initial withdrawals. Some extra cautious banks may take additional steps to protect money transfers.

Luckily, many banks can efficiently process transfers within hours or faster, provided all technical aspects and details are in order. On average, this brings the overall withdrawal time to between 24 and 72 hours.

Fees and Charges when Betting with PayID

Over a dozen Australian financial institutions and banks accept PayID. This means each bank will implement separate policies on fees. You have to check with your bank for possible PayID fees. Based on our experience and research, most banks offer fee-free services through PayID.

Now comes the question of the betting sites, which operate on their own terms and policies, like banks. Below, we’ll quickly go over the fee policy of each operator.

Neds Sportsbook

Palmerbet

Dabble Sports

BlueBet

bet365

Note: PayID does not incur any internal processing fees.

Tips for Managing Your Bankroll at PayID Betting Sites

Betting can drain your time and funds without a predefined plan. We offer newcomers a few tips to help them get off to a responsible start at their favorite PayID betting site.

Create a Budget

The obvious first step is to create a betting budget. Think carefully about how you plan to bet and for how long, and set aside funds specifically for this purpose. This should keep your spending habits within a predetermined limit and avoid wasteful spending.

Set a Deposit Limit

Almost every betting site on the list allows you to set deposit limits from the get-go. The option should be presented during the registration process. Alternatively, you can visit the sportsbook’s Responsible Gambling page and learn about its safe gambling policy, regulation, and available tools. Betting sites can offer reality checks, deposit and loss limits, session alerts, or a temporary timeout option.

Use cash-out Feature

Some sites have features you can use to make more responsible and educated bets and decisions while betting. Such are the cashout and partial cashout features. Both features are similar and allow you to partially or fully (within a set limit) withdraw if you have a bad feeling your bet might lose.

Use Risk-free Bets (if available)

The nature of gambling involves the risk of losing. Risk brings excitement, which is what attracts many bettors. But winning is even more exciting, and some PayID betting sites allow you a double chance of winning if your first bet loses as part of a bonus bet promotion. The thing is, bonus bets are in short supply at many AUD betting sites due to local regulations. Existing players will still find them as a promotion, though, so watch out.

Pros and Cons of Using PayID for Online Betting

All payment methods have weak spots and strong sides. Below, we examine both sides of PayID in the context of online betting.

✅PayID Pros❌PayID Cons
You can place deposits and request money withdrawalsYour bank may not be PayID compatible
The majority of bookies don’t charge PayID feesFirst transaction delays due to safety inspection
Recognized by the Australian Reserve Bank
Some Australian bookies accept PayID deposits as low as A$5
No internal PayID processing fees

Alternatives for Betting in Australia

Most PayID bookies in Australia offer payment services from at least two more companies. Some operate on the same concept of Internet banking, while others can function as vouchers or digital wallets. Here are three worthy alternatives to PayID at Australian betting sites.

FAQs

  • What do I Need to Start Using PayID at Australian Betting Sites?
    PayID is an undemanding online banking service that requires nothing except a phone number or email and an account with a bank that accepts PayID transactions.
  • Can I Use PayID For Deposits and Withdrawals?
    Yes. PayID is a multi-purpose service. You can place deposits or seek withdrawals to and from your bank account using an email or a phone number.
  • Are PayID Betting Sites Safe?
    PayID is itself a highly secure service, relying on the high-level security of your financial institution. Betting sites that accept PayID are equally safe. They use encryption tech to protect digital transactions and have elaborate privacy, anti-fraud, and anti-money-laundering banking policies to safeguard daily funds and transfers.
  • Which Australian Banks Accept PayID?

    Australian Military Bank, Australian Unity, Bank Australia, Bank SA, Heritage Bank, and Unibank are a few of the dozens of banks and financial institutions that accept PayID.

  • Do Australian Betting Sites Charge Fees for PayID Withdrawals?
    This depends on the site. The ones cited in our guide offer fee-free transactions for PayID and other banking methods.
  • Can I Claim PayID Bonuses?
    Usually, PayID deposits are eligible for a sports bonus, provided one is available. Note that Australian gambling law prohibits betting sites licensed by local authorities from marketing welcome bonuses.
AUTHOR
Damjan Jugovic Spajic

A soccer and eSports fan who always roots for the worst possible teams, Damjan is a resident writer and contributor at Minimum Deposit Betting Sites. With over 5 years of experience in the online casino and sports betting industry, he largely focuses on writing reviews and testing out bookmaker transaction processes.