Payments should be the last thing you need to worry about when making bets, as you should be able to deposit and make withdrawals promptly and seamlessly. You get just that with PayID. Here, we discuss the best PayID betting sites, how to select one, and tips for staying safe when sports betting with PayID.
List of the Best PayID Bookies
Given the attractive perks that PayID offers, it is only advisable to bet on the service. However, since several betting sites accept PayID, it might not be easy to decide where to start. But you don’t need to be confused because we are offering you a list of the best PayID-accepting betting sites:
While you can register and make bets with any of the above, you should be able to choose the best PayID-accepted betting sites. We considered the security, regulation, bonuses, reputation/customer reviews, and customer service for preparing the above list.
Make a PayID Deposit and Claim Your Bonus
The best PayID betting sites are not only good because they offer PayID as a payment option. They are also great in other aspects, providing other perks, including bonuses.
Online betting PayID sites offer various types of bonuses, including:
- Welcome Bonuses – for new bettors registering on a platform.
- Free Bets – promotional packages that bookmakers without the need for bettors to deposit funds.
- Reload Bonuses – which are offered to regular bettors.
- CashBacks – which sportsbooks offer to bettors when they lose a bet.
- Loyalty Bonuses – which are amazing perks you get when you use a sportsbook for a long time.
Most PayID sportsbooks extend these bonuses to all bettors regardless of whether they use PayID. However, some bookmakers specifically offer promotional packages to customers using PayID. A great example is Reef Reels, which provides a “PayID Exclusive Offer” deal, where customers get a 10% cashback deal up to a maximum of $500. Under this Reef Reels deal, only payments made by PayID are eligible.
To know if your bookmaker has any rewarding deals, check the promotions section on the website. Alternatively, consistently monitor emails or social media accounts for any bonus announcements.
How to Use PayID for Betting
PayID promises the most convenient transaction experience you can’t find anywhere else. Here, we discuss everything you need about online betting with PayID.
What Is PayID?
We all know the hassle of dealing with bank payments, where you must cram and recall multiple account numbers when you need to receive funds. When sending funds to others, you face a similar issue where you need to copy down their long account numbers to make payments.
PayID is primarily an Australian platform and is mainly driven by banks in the country. PayID changes this by offering a solution where you can conduct transactions through simple, unique IDs. This individual ID can be as simple as your phone number or email address.
PayID has become popular because of its convenient banking and several banks have enrolled on the platform.
If you want your betting seamless going forward, you can try PayID by registering with the best PayID sports betting sites.
Making Deposits with PayID
PayID promises a superfast and convenient banking experience, and as you will see, the steps involved in making deposits into your online betting PayID account are short and straightforward.
However, before you initiate a PayID deposit transaction, there are things you need to have. One is a casino account with a trusted PayID Australia casino and sportsbook. Then, it would be best if you had an e-banking service account accessible via the web or mobile app.
Note that this e-banking account must be with a PayID-partner bank. Else, you can’t use the platform. There are at least 60 Australian banks connected to the PayID system.
- Initiate a Deposit Transaction from Your Sportsbook Account
Log into your casino account, and access the cashier or payments section. Indicate that you wish to conduct a deposit transaction and enter the amount you want to put into your betting account.
- Select the Desired Payment Method
The next prompt will require selecting the transaction method you wish to deposit. Select “Bank Transfer” as the payment channel.
- Go to your Banking Service
The page will likely prompt you to log into your e-banking service through the app or website.
Enter the service and select PayID as the payment processor on the payments page.
- Authorise and Complete the Transaction
Enter your PayID login details, permitting the payment to go through.
The minimum amount you can deposit depends on your sportsbook since PayID does not impose any minimum amounts. However, a maximum of $2,000 applies to daily transactions. Processing Time takes about 10 minutes, depending on your bank and the bookmaker.
Requesting Withdrawals with PayID
The same seamlessness you experienced when depositing is what you should expect when requesting Withdrawals. The process for getting your funds from your betting account is equally straightforward:
- Log into your betting account
Upon accessing your betting account, go to the Cashier/Accounts/Payment section and click withdrawal.
- Select Your Withdrawal Method
You should find a list of available payment options in the Withdrawal section. Select “PayID” from the list.
- Enter Your Transaction Details
Type in the amount you wish to withdraw and the PayID details to which the money will be sent. Ensure it is your unique ID (email or phone number).
The withdrawal requirements are the same as those for deposits. First, you must have a PayID partner bank account and enable the PayID feature in your e-banking service.
The withdrawal duration primarily depends on your betting platform when you use any online casinos with PayID withdrawal in Australia. They must process it before sending the funds to your bank. Also, the sportsbook equally sets the withdrawal limits since PayID lets you receive any amount.
Fees & Limits
You don’t incur any charges when transacting with PayID since it is a free platform.
Similarly, your betting platform won’t charge fees when you make deposits or withdrawals from a trusted PayID Australia casino and sportsbook.
However, the limits to your transactions depend partly on PayID and the betting site. PayID doesn’t permit deposits of more than $2,000 daily, but there are no other restrictions.
Meanwhile, several sportsbooks impose minimum and maximum deposit and withdrawal limits, which can cap the money you can put in or take out of your betting account.
Countries Where PayID Can Be Used for Sports Gambling
Considering the benefits that PayID offers, it is only good that you desire to wish to make payments through. However, like with all payment channels, PayID has country limitations.
PayID is mostly based in Australia and New Zealand and is little used elsewhere. It is because it was developed by the New Payments Platform, Australia’s national payments infrastructure. Thus, Australia is the only country where PayID can be used for sports gambling. Also, you will mostly Australian bookmakers using PayID.
Accepted Currencies on PayID
Because PayID is a large Australian and New Zealand platform, the currency mainly used on it is the Australian Dollar and New Zealand Dollar.
However, there are limited cases where PayID is used for international payments, and these are the instances where other currencies are used. These include the USD, Euro, GBP, JPY, etc.
Using PayID on Mobile Betting Apps
While you can use PayID seamlessly across different platforms, you can benefit even more from using PayID on betting apps. The best PayID betting sites offer their users dedicated mobile apps through which their users can get convenient, on-the-go wagering.
When you use PayID on a betting app, payments are even much faster than before. You can easily move from the sportsbook app to your bank’s mobile app to complete the deposit transaction via PayID.
Sports betting with PayID on a mobile app is also more secure because the best sportsbooks develop their apps using the latest cybersecurity and encryption tools.
PayID Alternatives for Betting Online
While PayID offers many attractive benefits, you can consider other alternatives for various reasons. For instance, the PayID may not be available at your bank or in your country. Then, your sportsbook may not be among the betting sites that accept PayID.
Some great options you can try include:
- Online Banking
Still, mind that unlike gambling sites that accept MasterCard, PayID sportsbooks won’t take a cut of your funds.
Safety & Security at PayID Online Betting Sites
Although PayID promises the utmost safety, it is important to take extra precautions not to compromise your security. We’ve provided helpful tips that can keep you protected when conducting transactions with PayID sportsbooks:
Only Use Secure Sites and Apps
Make sure that the betting site or app you’re using is secure and reputable. Look for platforms that use SSL encryption to protect your personal and financial information.
Avoid Phishing Emails
Phishing emails are a common tactic scammers use to steal personal and financial information. Be wary of emails that ask you to click on a link or provide personal information.
Use Strong Passwords
Only use unique passwords for your betting accounts and PayID. Avoid using the same password for multiple accounts.
Keep Your Software Up-to-date
Make sure that your phone runs the latest software updates. Then, your app versions should be the most recent. It will help protect you from security vulnerabilities.
Monitor Your Accounts
Monitor your betting accounts and PayID for any suspicious activity. If you notice anything unusual, contact the sportsbook or your bank immediately.
New Bookmakers that Accept PayID
Rather than use old sportsbooks like Ladbrokes PayID bookmaker, you can try out newer betting sites that offer more amazing offers than the traditional ones. There are a few ones you can try out; they include:
Rolling Slots was founded in 2021 to provide games like pokies, casino classics, and live dealer games. Regulated in Curacao, one of the most attractive perks of Rolling Slots is its promotional packages. The sportsbook offers a 200% welcome bonus and 100 free spins across the first 3 deposits.
Another Curacao licensee launched in 2022, the bookmaker, provides a maximum of $10,000 in welcome bonuses and a long list of dealer games.
Boasting over 6,000 games and partnering with the best gaming developers, SkyCrown started in 2022, and gas quickly secured customers globally. SkyCrown is good with payments as it offers many transaction options, including cryptos and fiat.
Again, JeetCity is a 2022 sportsbook, and the key perk you get is welcome bonuses of up to $800.
When looking for new bookmakers that accept PayID, it’s important to ensure the site is reputable, regulated, and secure.
Is It Worth Using PayID for Betting Online?
There are several perks you should expect from PayID. However, it also has some limitations.
Here, we discuss the perks and downsides.
When you use PayID, there is a much-reduced chance of making mistakes. Since each person has a unique ID, you can’t send funds to the wrong account.
If you want to conduct seamless online payments without going through many hassles, PayID is a healthy option. With the platform, you need a person’s email or phone, and you can send the funds.
When depositing or receiving funds from your betting site, you can be assured of safety using PayID. Since you’re not disclosing your account details, it means you fully keep your payment details safe from the wrong parties.
If you use online banking, cards, or E-wallets for your payments, you will incur charges whenever you conduct a transaction, but PayID is completely different.
With many payment platforms, you must undergo a long process before your account is ready. That is not the case with PayID. You can get your ID and make payments within a few hours.
Setting a daily $2,000 deposit limit isn’t good enough for a service that provides limitless banking.
PayID has reported data breaches, putting users’ information at risk.
The fact that PayID is only available in Australia restricts people from other countries who need its service.
There are not a lot of sportsbooks that use the PayID platform. If you wish to bet with the best Australian bookmakers, this narrows your options.
Online Casinos PayID Withdrawals & Deposits
Trusted online casinos that use PayID withdrawals and deposits include:
PayID powers convenient and secure payments using only a mobile number or email.
Some things to note about PayID include:
- You can use PayID for betting in Australia and New Zealand, with limited use outside these countries.
- PayID supports multiple currencies, including AUD, NZD, and USD.
- You can use PayID with multiple languages, especially those common in Australia and New Zealand, including English, Chinese, and Spanish.
- Some PayID alternatives for online betting include cards, bank transfers, e-wallets, and crypto.
- Some of the most popular and legal online bookmakers that accept PayID include Bet365, Ladbrokes, Betfair, and Rolling Slots.
One interesting thing about PayID is that it takes traditional banking to the future by making it look like e-wallets.
If you need even more convenient payment than you have now, you should consider PayID. Asides from ease, PayID is also secure, fast, and proven to prevent errors.
However, its limitations include being Australian-based and imposing some limits. If these downsides are unimportant, sign up with one of the best PayID betting sites.
Frequently Asked Questions
What is PayID?PayID is a payment service under the Australian New Payments Platform that provides hassle-free transactions.
What are the Best PayID Betting Sites?The best Australian bookmakers offering PayID include Palmerbet, Ladbrokes, bet365, Unibet, Betfair, etc.
Can I Withdraw My Online Sports Bet Winnings Using PayID?Yes. Go to your payments portal, request a withdrawal, and select PayID.
What Fees Does PayID Charge?PayID is free, so you don’t pay any fees.
Is PayID accepted at all betting sites?No. Some betting sites chose don’t feature PayID.