PayID is one of the most popular banking options among Aussies. Based on an investigation by the Reserved Bank of Australia, there were more than 10 million registered PayID users by the end of 2022.
Given such popularity, it was reasonable for online casinos to use this banking option to expand their client bases. PayID is considered a secure payment method since it does not require filling in your bank account details to process the transaction.
Also, you can get details about the counterparty to avoid address mistakes. Unfortunately, malicious artists adapt to changes and widely use fishing approaches or create fake sites.
PayID Casino Features to Check
PayID is a handy payment processor available at Australian casinos that boasts the following advantages:
- Easy of use: simple logging using your NAB Internet Banking without the need of using BSB pr account numbers;
- Transaction speed: a lightning-fast payment, even if the recipient has another financial institution;
- Mistakes prevention: thanks to the confirmation of the PayID’s owner, the client knows where the funds are going.
However, you may stumble upon unfair casinos or attempts of malicious artists to interfere with the transactions. To prevent it, we compiled several features you should consider while playing at PayID online casinos.
Legality
First things first – you must check the license of the https://payid-casinos.com/ you are going to register at. For this purpose, you can explore its footer, the T&Cs section, or contact the customer support service directly.
Ensure the license is issued by reputable regulators such as MGA, UKGC, or Curacao Gaming Control Board. In this case, you can expect the platform to stick to the security standards established by the regulator. Thus, even in the event of a problem, you get qualified help in resolving the dispute.
Reputation
Do not neglect to explore feedback about the casino on independent review platforms. Though this approach does not directly relate to the casino’s security measures, it helps get an unbiased picture of the site with all its pros and cons.
Casino clients always leave comments related to financial troubles they face. But be careful and always use independent review sites like Trustpilot and AskGamblers.
Two-Factor Authentication and SSL Encryption
Check whether you can enable a 2FA before registration on the site and activate it immediately after creating an account. This option helps protect against unauthorized access to your account. In most cases, 2FA contains 2 elements from the following list:
- A relevant password you know;
- A message with a code combination on your device or a smartphone authenticator application (in other words, something you have);
- A unique individual feature you have (for example, retina, fingerprint, and face).
In the first step, you use the password and confirm it with a fingerprint, unique code, or face ID. As for SSL encryption, it helps your sensitive data travel securely from your end to the casino’s web server.
Thanks to private keys, you send encrypted information to the platform, which is decrypted on the casino server (and vice versa). In this way, sensitive information cannot be intercepted and stolen during transmission.
Fraud Detection
Based on the team, ensure the casino stores sensitive data according to the GDPR requirements (on dedicated services). Contact the customer support service to learn more about the auditing of the particular casino by independent test labs.
Clarify whether the casino implements advanced fraud detection approaches that can check the suspicious activity on your account in real time.
Conclusion
PayID is a handy banking option that does not require inputting your bank account/card details and allows you to process transactions quickly. It features the same security features that protect your bank account.
However, when playing online, you should always be aware of possible threats like phishing, fake casino sites, or cross-site scripting. Thus, it is important to test the casino you will register at carefully. Ensure it supports SSL encryption, stores sensitive data on dedicated servers, provides 24/7 suspicious activity detection, and allows 2FA.
