Neo Beth | June 12, 2023 | Updated on: June 12th, 2023
Australia is home to numerous online casinos that accept POLi as a preferred payment system due to its widespread popularity. The primary appeal of this banking method lies in its ability to facilitate bank transfers without imposing any transfer fees.
Considering that POLi was developed by Australia Post and is exclusively available to Australians and New Zealanders, it is safe to assume that any casino offering this method also welcomes Australian players.
If you wish to learn more about utilizing POLi at Australian casino sites, continue reading. We will provide you with information on depositing and withdrawing using this banking method, as well as its advantages and disadvantages. Don’t hesitate any longer – dive right in!
Top Australian Casinos Online that Accept POLi
What is POLi?
POLi is a fintech company operated by Australia Post, working in collaboration with prominent banks in New Zealand and Australia to offer a convenient payment method.
With POLi, you can make deposits and payments directly from your internet banking page without any fees. The responsibility of covering the fees falls upon the merchant, ensuring a seamless experience for you. This innovative concept is a game-changer compared to traditional wire transfers, which typically incur transaction fees ranging from $10 to $60.
The best part is that you don’t even need to have a POLi account to use this payment method at Australian casinos. Simply select POLi as your preferred payment option when making a deposit or payment.
During a transaction, you will need to link your bank account to POLi’s system. Once completed, future deposits or payments to your casino account will no longer require you to manually input your details. The system will automatically fill them in for you, streamlining the process.
How to Make A Deposit using POLi
Using POLi to make a deposit at online casinos is incredibly simple and user-friendly. Follow these easy steps outlined below:
- Find a casino that accepts POLi for deposits. If you’re unsure where to find these casinos, refer to our comprehensive guide featuring the best options.
- Ensure you have a bank account that supports POLi banking. It’s essential that your chosen bank is compatible with POLi.
- Verify that you have sufficient funds in your bank account for your intended wagers.
- Proceed to the casino’s cashier section and select POLi as your preferred deposit method. Click on the POLi icon, and a pop-up window will appear on your screen.
- Provide the necessary information to initiate the funds transfer. You’ll be prompted to enter your bank’s name and the desired deposit amount. Remember that each casino may have a minimum deposit requirement, which varies between establishments.
- Double-check all the information you’ve provided to the casino before proceeding. Once confirmed, you’ll be directed to your bank’s website to log in and authorize the transaction.
- Once the process is completed, you won’t incur any charges for the transaction. Additionally, your deposit will be processed instantly.
- As soon as you approve the transaction, you should see the funds reflected in your casino account. It’s worth noting that deposit fees are typically non-existent or very low, often as little as $0.30.
By following these straightforward steps, you can easily deposit funds into your online casino account using POLi, enjoying swift and cost-effective transactions.
How to Make a Withdrawal Using POLi
If the online casino you’re playing at supports POLi, you may have the option to use POLi Pay for withdrawals as well. If you prefer to utilize POLi for your withdrawal transactions, follow these steps:
- Visit the POLi website and provide the requested information as prompted.
- You will be asked to select a price plan and provide the necessary information accordingly.
- Once you’ve provided and verified the required information, you will be ready to initiate your withdrawal. Make sure to select POLi as your preferred withdrawal method. Keep in mind that depending on the casino you’ve chosen, it may take up to three business days for the funds to appear in your account.
- When withdrawing funds, the associated fees typically range from $10 to $60. However, in some cases, there may be no fees depending on the bank you’ve selected.
By following these steps, you can successfully withdraw your winnings using POLi Pay. Please note that registering an account may be necessary specifically for the withdrawal process, even if you were not required to do so during the initial deposit.
Advantages and Disadvantages of POLi
While POLi offers several advantages such as enhanced security, convenience, and fee-free transactions, it is important to consider the limited withdrawal options and the service’s availability restricted to Australia and New Zealand. Here are some advantages and disadvantages of POLi:
Advantages of POLi
| Advantages | Description |
| Enhanced Security | POLi utilizes 2048-bit SSL encryption to ensure the security of your information during transactions, providing peace of mind for users. |
| Debit/Credit Card-Free | By using POLi, there’s no need to rely on debit or credit cards, which can be a concern for some users. Instead, transactions are directly linked to your bank account. |
| Seamless Integration | POLi services are integrated with major banks in Australia and New Zealand, as well as numerous online merchants, making it easily accessible for users. |
| Fee-Free Transactions | One of the significant advantages of POLi is that it allows for bank transfers without any additional fees, providing cost-effective payment options. |
| User-Friendly | POLi offers a user-friendly interface, ensuring a smooth and straightforward payment experience for users. |
Disadvantages of POLi
| Disadvantages | Description |
| Limited Withdrawal Options | Most casinos do not support withdrawals using POLi since it is primarily designed for sending payments to merchants. Withdrawal options may be restricted. |
| Availability Limited to Two Countries | POLi is currently available only in Australia and New Zealand. Consequently, the number of casinos offering POLi as a payment method may be limited. |
Conclusion
In conclusion, POLi deposit casinos offer a range of advantages for users seeking a secure and convenient payment method. The utilization of robust encryption ensures the safety of transactions, while the elimination of debit or credit cards provides peace of mind to those concerned about data security. The seamless integration of POLi with major banks and online merchants in Australia and New Zealand allows for easy access and widespread acceptance.
Furthermore, the absence of transaction fees makes POLi an attractive option, providing the benefits of traditional bank transfers without any additional costs. The user-friendly interface adds to the overall positive experience, simplifying the payment process.
However, it is important to note that POLi casinos may have limited withdrawal options, as the service primarily focuses on facilitating payments to merchants rather than enabling withdrawals. Additionally, the availability of POLi is currently restricted to Australia and New Zealand, which may limit the number of casinos offering this payment method.
Considering the advantages and disadvantages, POLi remains a viable choice for secure and hassle-free deposits at online casinos, particularly for players in Australia and New Zealand. As always, it is recommended to review individual casino policies and options before making a decision based on specific payment preferences.