Online casino gaming is one of the most popular activities on the internet. Millions of people from all over the world enjoy playing their favorite casino games for fun or real money. If you’re looking to join in on the excitement, but want to play safely and securely, then POLi Payments is the perfect payment method.
POLi is a popular casino payment option in countries like Australia and New Zealand. Due to the low fees, this payment method is popular among clients who appreciate this particular form of online gaming. You don’t even need an account to utilize it as a bonus. If you’re a resident of New Zealand or Australia, you can take advantage of its benefits.
Learn more about POLi payment methods and how to use them safely in this article.
Table of Contents
Using The POLi Payment Method
When you choose to use POLi Payments at an online casino, you’ll be able to make deposits and withdrawals using your internet banking account. This means that you won’t have to set up a new account or provide any personal or financial information to the casino. All you need is a valid internet banking account with one of the following Australian or New Zealand banks:
ANZ, ASB Bank, Bank of Queensland, Citibank, Cooperative Bank, Deutsche Bank, HSBC, Kiwibank, National Australia Bank (NAB), Newcastle Permanent Building Society Limited (Newcastle Permanent), St.George Bank or Westpac.
If you have an account with one of these banks, you can start using POLi Payments. When you deposit at an online casino, it’ll take you to the POLi Payments website to log in to your internet banking account and complete the transaction. The funds will be transferred immediately from your bank account to the online casino.
Withdrawal With POLi
There is currently no withdrawal option for many customers, which is one of the greatest drawbacks of this payment method. As a result, you will need to set up additional payment details to withdraw your winnings, which may require giving more information than you intended. Even though there are fees involved with making withdrawals, there aren’t any fees associated with making deposits.
The system is intended to be charge-free and utilized for online payments. You will not be charged a fee for making a deposit, at least not until the end of the depositing method, and it will share no personal information. This implies that there are no fees associated with making the deposit, but you should be mindful of fees that a different bank may impose. Check with the banking institution you intend to use to ensure no fees are associated with using the system.
Security And Safety
Regardless of what some people say, POLi is a very safe and secure payment method. The company takes security and safety seriously, so they use the same 128-bit SSL encryption that banks use. This ensures that your personal and financial information is protected when you’re using this payment method.
In addition, your transactions are protected by your bank’s security measures. When you make a deposit using POLi, you’re logging in to your internet banking account and completing the transaction there. This means that your bank’s security measures protect your transaction, not POLi.
Advantages Of Using POLi
With POLi, you have a unique set of advantages that you shouldn’t neglect when gaming transactions. Several factors may influence your decision to choose POLi over other payment options, but you should always weigh the pros and cons before deciding.
Here are some of the advantages of using POLi:
Anonymity
POLi is ranked higher than certain other payment providers because it provides greater levels of anonymity than those services. Payments made through POLi are anonymous since the service works as a go-between, intercepting and encrypting all transmissions. When the casino personnel examined the transactions, they noticed that you used POLi.
Gamblers who don’t want to use their credit cards to finance their casino accounts will appreciate POLi’s simplicity and convenience. When it comes to protecting your personal and financial information in today’s world of financial fraud and identity theft, there is no safeguard that you should not take.
Cost
POLi is free to use and is an additional perk of the service. POLi does not charge any fees and most casinos reward players who use it to make deposits. If you’re used to other similar payment systems that charge you for every purchase, you might think this is its biggest strength.
Speed Of Transaction
One of the main reasons people use POLi is so fast. When you deposit using this method, the money is transferred immediately from your bank account to the casino. This means that you can start playing right away without waiting for the funds to clear.
POLi can be set up in a matter of minutes, and you’ll be able to start making transactions right away. Some other payment systems collect substantial personal information before requiring verification of identity. In order to use POLi, there is no need for you to create an account.
Disadvantages Of Using POLi
While there are several advantages to using POLi, there are also some disadvantages that you should be aware of.
Here are some of the disadvantages of using POLi:
Availability
Only players in Australia and New Zealand with Internet banking accounts at one of the partnering institutions can use POLi, despite being quick and simple. If you’re not one of these people, you’ll have to find another way to pay.
Merchant Adoption
At the moment, not all online merchants have adopted POLi as a payment option. This means that you might not be able to use it at your favorite gaming website. However, this is changing as more and more people learn about the benefits of using POLi.
Withdrawal
Another major drawback of POLi is that most casinos do not accept POLi withdrawals. This is likely the most serious disadvantage of them all. Online gamblers need to make certain that they can send and receive money using the same manner while using a service. Many online casinos don’t support POLi withdrawals, and instead, they provide various methods for cashing out one’s winnings. Normal bank transfers typically take several business days to clear and are significantly slower than more traditional methods.
POLi withdrawals frequently come with a fee that isn’t in the player’s best interest, even if it is an option supported by the casino. There is a major impact on service reliability due to a lack of consumer protection. Anyone who obtains your bank information and uses the service to make a payment will not be able to get their money back. This comes as a disappointment, given that many of the industry’s top-tier payment services offer some guarantee.
Conclusion
Even though POLi is only available to Australia and New Zealand residents, it is one of the region’s fastest-growing online payment systems. After serving more than 30 million consumers, the company plans to expand its reach in Britain by entering the market. Using POLi to top up your account is fast, safe, and convenient for online casino gamers. This is an excellent alternative for those who don’t trust credit/debit cards or digital wallets. POLi is a popular choice for rapid online bank transfers in Australia and New Zealand because of its absence of fees and convenience.
