If you are uncomfortable using your credit card to make payments online, especially when gambling, POLi could be the perfect payment method for you. It’s an option that allows you to use your bank account for all manners of online transactions, including gambling. What makes it popular, especially with Australian and New Zealand players, is that it’s specific to these two countries. Furthermore, there are no passwords to remember or fees to pay, making it a very straightforward and easy to use option. Learn all about this payment option in our guide.
🔥 Best Online Casinos updated: 27 Jan 2021 09:20:01
📍 What is POLi
POLi is an online payment method widely used by Kiwis and Aussies as it is part of the ‘Pay Anyone’ internet banking system, which is unique to these two countries. As long as you know an account number of a person in either NZ or AU and the BSB, you can quickly make a payment to this person. POLi is based on this system and lets you send money from your Australian bank account to any merchant, including legal POLi casino sites.
You need a bank account in New Zealand or Australia to complete POLi transactions.
One of the advantages of using POLi as a payment method is that you can make a payment using your Australian bank account. While other countries worldwide are banned from transacting with online casinos using their bank account directly, Australians can easily do this, all thanks to POLi. Other features or advantages of using POLi as a payment option include:
Supports multiple currencies besides the AUD.
Payments are processed instantly with no charges.
Reliability as it’s accepted by several casinos.
How to find the best casino that accepts POLi
Experts agree that the best casinos that accept POLi should have fast withdrawal times, support plenty of other payment options, have a licence, and strive to offer safe and secure services.
We all need payment options at the online casinos for two things: making deposits and withdrawals. POLi is suitable for deposits only and can be used by anyone with an Australian bank account. Whether you wish to perform small and cost-effective or large deposits, POLi will make it happen. It also allows you to make payments in more than 20 currencies, and it’s accepted across 17 different banks in Australia.
Abbreviation for Know Your Customer. It's a mandatory security procedure you have to complete before withdrawing your winnings at the casinos.
💸 Withdrawals from Online Casinos via POLi Payments
Unfortunately, at the time of writing this POLi guide, players cannot use it as a way of withdrawing wins. POLi works much more like prepaid methods; you only use it to deposit money into your account and not withdraw any winnings. It’s the main shortcoming of using POLi.
Since you cannot use POLi to make any withdrawals, you have to use another option. Cryptocurrencies such as Bitcoin offer the fastest withdrawal times. Bank transfers, on the other hand, enable you to make large withdrawals in a single transaction. However, before making any withdrawals, you’ll need to satisfy the following conditions:
complete the KYC verification process;
have the minimum required account balance;
provide the required documents when asked to.
💠 How to quickly start playing at online casinos using POLi
It will take: 10 minutes
Depositing using POLi is a quick, three-step procedure described below. As stated, you need to have a valid bank account in Australia to complete the transaction.
Sign up at the POLi casino, and visit the banking section. Click on the 'internet banking' button to automatically trigger POLi.
A list of banks will appear. Pick one that suits you and proceed to enter your 'Pay Anyone' internet login details.
Enter the amount and complete the transaction by confirming it.
Are there any other payment options supported at POLi online casinos?
Yes, there are usually plenty of other payment options at POLi online casinos. The name, POLi online casino, is just an indicator that the site accepts POLi as a payment option. It, however, doesn't mean the site exclusively supports POLi. For a complete list of supported payment methods, simply visit the banking page of the online casino.
Can I withdraw using POLi at the online casinos?
Unfortunately, POLi is only used for making deposits at the online casinos. You can, however, pick from other supported payment options to withdraw funds. If you are having a problem finding a suitable method, contact customer support and they'll be glad to help.
How safe is my personal and financial information when using POLi?
As long as you are visiting a legitimate, licensed and regulated online casino, you shouldn't have to worry about the safety and security of your personal and financial information. In addition to using state of the art SSL encryption technology, these sites tend to have other protocols in place to ensure you are safe at all times. Visit the privacy and security section to get all the details on how the site ensures all information/data is protected at the site.
Can I get bonuses when I use POLi to make a payment at the casino?
It depends on the online casino site you are visiting. Some sites include other payment options, including POLi, in the list where players who use them don't qualify for bonuses. Visit the bonus and promotions terms and conditions page for a full list of supported payment options.
What are the minimum and maximum limits for depositing with POLi?
This varies from one online casino to another. The best way to know what the minimum and maximum limits are is by visiting the banking section of the casino and reading through the terms and conditions for the payments.