Several countries worldwide have adopted their own payment systems to jump on the opportunity for citizens to benefit from the safest way of transferring money. POLi Payments Pty Ltd, or simply POLi, is Australia’s leading real-time online payment option that is used by many industries, including online casinos.
Created in 2006, the solution accepted by many largest banks in Australia is mainly reputed for providing a safe and simple transaction. Aussies and Kiwis love to gamble online, so Casinodeps.co.nz offers operators that allow deposits and withdrawals through Poli Pay. Therefore, before diving in, let’s look at the pros and cons of using this payment.
Pros of Poli Payments
Zero Charges on Deposits
When you use POLi to move money in an online casino, no extra fees will be applied to your transactions. The free charges deposits enable gamblers to enjoy different types of casino games while moving money in a cheaper way than other traditional methods.
Nonetheless, some iGaming sites may ask their customers to cover extra fees when cashing out their winnings. The amount depends on the gaming platforms, so before using POLi as a withdrawal method, you should make sure that transferring funds won’t charge any fees.
Instant Deposits
Another benefit enjoyed while using POLi as a mode of payment in web-based casinos is that the payments are processed instantly. The gamblers who choose a banking option that they have never used before may face some challenges associated with casino deposits.
Fortunately, with this leading payment method, players use it for instant deposits, whether they send small or large sums of money. To use this real-time online payment service, after finding a reliable casino, you need to open the payment page and choose POLi. Then, you have to fulfil the requested information and make a payment. You will receive a confirmation email once the transaction has been performed.
A Safe Method of Payment
Choosing the right payment solution enables you to make quick deposits and withdrawals from iGaming websites. POLi is among the most desirable methods used in virtual casinos as it provides a high level of safety.
In effect, the most powerful encryption technologies are used by this service to protect their users’ data. Hence, when they make payments, they are ensured that their information is protected from hackers. In addition, this option allows players to make transfers from their bank accounts to their casino accounts, making it efficient in terms of safety and security.
Supported by Many Banks
The well-known payment system POLi used in the online gambling industry is trusted and acceptable among gamblers because of its safety. It is not surprising when the biggest banks support this solution to enable players to make fast deposits without needing a credit card.
Once the payment is confirmed, the users will receive instant notifications to facilitate the transactions.
Cons of Poli Payments
More Complex Withdrawal Process
When previously, the banking method POLi was not available as a withdrawal option, users can now retrieve their winnings with this online payment solution. However, the withdrawal is a complex process as it takes longer than other services. Further, only limited gambling sites allow cashing out via this option, so you need to check this site’s information before signing up for an online casino.
When you are sure that this platform offers a withdrawal through POLi, you are required to choose a pricing plan and submit your request. When your demand is approved, you can withdraw your payouts which may take up to three business days.
Available in Limited Countries
Though POLi is reputed for providing a simple and fast payment process, this banking method operates with big banks in a few countries, including Australia and New Zealand.
It means that the players located outside these territories won’t be able to transfer funds using this Melbourne-based online payment system, they have to use other payment methods.
Conclusion
Depositing in POLi casinos is easy and quick that can provide an excellent gaming experience. This solution had become appealing in the iGaming industry, so it was not surprising when it was awarded to be the best “Payment Provider of the Year” at e-Gaming Review Awards Australia in Sydney in 2014.
Many banks in New Zealand and Australia accept this service for its high reliability guaranteed to the users. It is worth mentioning that the POLi payment solution is adapted to Macs and mobile devices, known under the name of POLi Version 3.
