When choosing how to deposit and withdraw at online casinos, players often face two standout options: PayID and PayPal. Both offer reliable service and are widely used in Australia, but they come with different features and benefits. Our team at PayID Pokies Online has spent time testing both, looking into how they perform for casino players. In this guide, we break down everything you need to know – from how each system works to the bonuses you can grab, and which one gives you the smoothest experience.
What is PayID?
PayID is an Australian payment system that connects your bank account to a simple identifier like your phone number or email. It was introduced to make money transfers faster and easier without needing to remember long BSB or account numbers. Instead of filling in all those banking details, you just use your PayID, and the money goes straight to your linked bank account almost instantly.
One of the biggest reasons players in Australia love PayID is the speed. No waiting around for transfers or jumping through verification hoops – it’s direct and fast. It’s also completely free to use, with no hidden fees from the PayID network itself. Add to that top-notch security backed by Australian banks, and you’ve got a solid option for funding your casino fun.
Feature | Details |
|---|---|
Availability | Australia-wide |
Speed of Transfers | Usually instant |
Cost | No fees from PayID |
Linked To | Phone number, email, or ABN |
Casino Compatibility | Growing number of Aussie casinos accept it |
Security | Bank-level encryption and ID checks |
Bonuses for New Users
PayID isn’t just about speed and simplicity – it also opens doors to exclusive casino bonuses. Many online casinos now reward players who use PayID as their deposit method. If you’re just getting started, you’ll find plenty of value here.
- Extra match bonuses for first deposits via PayID
- Free spins when PayID is selected at sign-up
- Faster bonus activation compared to other methods
- Entry into PayID-only tournaments or raffles
- Cashback rewards on losses paid through PayID
What is PayPal?
PayPal is one of the most recognized digital wallets in the world. It allows users to send and receive money online using just an email address. For casino players, it’s a familiar name with a strong reputation for security and reliability. You link your PayPal account to your bank or card, then use it to make deposits or withdraw your winnings without sharing your financial details with the casino.
Many online casinos in Australia support PayPal, especially those with international reach. It’s often the go-to for players who want a trusted middleman between them and the casino. But with that convenience comes a few trade-offs – like occasional fees and longer withdrawal times compared to something like PayID.
Feature | Details |
|---|---|
Availability | Worldwide, including Australia |
Speed of Transfers | Deposits: Instant / Withdrawals: 1–3 days |
Cost | May include fees (especially for withdrawals) |
Linked To | Bank account, credit/debit card |
Casino Compatibility | Widely accepted by big-name casinos |
Security | Two-factor authentication, encryption |
Bonuses for New Users
PayPal is a trusted name in online payments, and that popularity means a lot of casinos offer bonuses when you use it. While it doesn’t always come with exclusive promotions like newer methods might, you’ll still find some strong offers for PayPal users.
- Welcome bonuses available when depositing with PayPal
- Reload bonuses tied to PayPal payments
- VIP points for consistent use of PayPal as your method
- Entry into weekly or monthly bonus draws
- Free spins on selected pokies after PayPal deposits
PayID & PayPal Difference
While both PayID and PayPal are solid choices for online casino transactions, they serve different types of players. Some prefer the fast and direct connection of PayID, while others stick with PayPal for its global reputation and familiar interface. To help you decide what works best for your style of play, we’ve put together a comparison of the key differences between the two.
Feature | PayID | PayPal |
|---|---|---|
Setup Time | Quick – linked to phone/email | Payment agreements approved in your banking app |
Availability | Australia only | Global |
Deposit Speed | Instant | Instant |
Withdrawal Speed | Varies – usually same day | 1 to 3 business days |
Fees | None from PayID | May charge for some transactions |
Privacy | Direct to bank – no third-party wallet | Third-party wallet between you and bank |
Casino Acceptance | Growing number of Aussie casinos | Widely accepted across many casinos |
Bonus Offers | Often exclusive PayID perks | Standard offers, not always exclusive |
Transaction Speed Comparison
When it comes to transaction speed, PayID really shines. Deposits land in your casino account almost instantly, and withdrawals – depending on the casino’s processing time – can hit your bank on the same day. Since it uses Australia’s New Payments Platform (NPP), the entire process is streamlined and fast.
PayPal is also quick with deposits, but withdrawals can take a bit longer. After a casino approves your payout, it still needs to pass through PayPal’s system and then to your bank, which can stretch the total time to several days. For players who like fast cashouts or play frequently, this delay might be a dealbreaker.
Conclusion
Our team at PayID Pokies Online has tested both PayID and PayPal across multiple online casinos. In the end, it comes down to what matters most to you. If you want fast, fee-free payments straight from your bank with some great bonus options, PayID is the way to go. It’s built for Aussie players and keeps things simple.
On the other hand, if you value a trusted global platform with broad casino support and you’re okay with waiting a little longer for withdrawals, PayPal is still a strong pick.
For our money, we lean toward PayID – especially for players in Australia who want speed, security, and no fuss.
