POLi was a simple and great way to make secure financial transactions online and a fantastic alternative to fund online gambling accounts without any concern to player security. Unfortunately, Australians can no longer use the service to deposit money at online casino sites, so the information provided in this article is for information purposes only.
What is POLi?
POLi is based in Australia and catered especially for Aussie punters, making it an ideal casino banking option for deposits. For those who aren’t familiar with POLi, it’s a digital system that allows players to make payments directly from any Australian or New Zealand bank account. It provides a 100% safe method to transfer money online without having to disclose your bank details to a third party.
As of October 2016, POLi effectively suspended all payment services for Internet gambling transactions.
Most leading banks will recognise POLi as a method of online banking, so as long as you’re using a recognisable bank you shouldn’t have any issues. As POLi grows in popularity more and more banks are accepting its service, so if your bank doesn’t currently use POLi it just might in the near future.
Australian banks that currently use POLI are:
- Bank of Melbourne
- Bank of Queensland
- Bendigo Bank
- Suncorp Bank
- St. George Bank
New Zealand banks that currently use POLI are:
- Bank Direct
- Bank of New Zealand
- The National Bank
- TSB Bank
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It’s understandable (and smart) for players to be wary when transferring money at any kind of site on the Internet, but with POLi there is no need for concern. POLi offers an incredibly secure, safe and reliable online banking service for Aussies and Kiwis. It’s also very simple to use, and requires no registration.
Although a small processing fee does apply, it’s very competitive when compared to the processing fees that come with other payment methods like Visa or MasterCard. As POLi is located within Australia, making it easy to obtain answers to any questions you may have, or establishing direct contact with the company if ever required.
Security is amply implemented at POLi. Player information is also kept 100% safe as the transfers done between the bank and the casino occur through a secure connection. 128 Bit SSL security is used, which is the same level of online security employed by the world’s leading banks. Personal and financial information is kept safe and not shared with any third party sites.
POLi accept not only Australian and New Zealand dollars but a range of other currencies, and deposits made via POLi are typically available in your casino account immediately. POLi is ultimately a great alternative for anyone who doesn’t own a credit card, or anyone who wants to limit their credit debt and monitor their online expenditure.
With so many benefits, are there any downside to using POLi? The quick answer to that – not really. The only slight downfall is that once you’ve processed a payment with POLi, you cannot call your bank to cancel the transfer as it instantly falls in the hands of the casino. As long as you’re playing at a trusted casino this should never be an issue for you.
POLi is one of the safest deposit methods available for Australians and we can finally rejoice in having an online payment system designed especially for us. While some alternative banking methods like credit cards and e-wallets can be equally as secure and convenient, anything that is Australian owned and operated will always get our vote.