Australia is one of the world’s most gambling-happy nations. Australian online casinos with PayID are also some of the safest. They allow you to quickly and easily transfer funds and never have to worry about actually losing financial data or exposing sensitive information. But how is this possible?
Although online casinos might get bad reputation on occasion, the payment service providers serve as a bulwark against fraudulent activities. The idea behind PayID is simple enough – create a layer of security, a sort of buffer.
PayID is basically a smart mediator. It takes a look at the financial data you submit, but never really touches or transmits the data. It simply validates it. Then, a casino would come to PayID and, in simple terms, ask – is this financial data correct?
PayID would confirm and thus a transfer is completed. This is particularly handy in an industry such as online gaming where you do not want to expose too much information unless it is for the purposes of KYC and AML checks, which are mandatory, and can help with strengthening responsible gambling standards.
1. Are Online Payment Method Safe in the First Place?
We live in an age where e-commerce is the norm. Even if you prefer physical, e-commerce has become such a convenient method to shop around and popularize pretty much any product that it is something that you cannot avoid for better or for worse.
But is e-commerce safe? It largely is. Even if you were sticking with your main bank card and were shopping away through a flurry of websites, it’s unlikely that you would ever lose money to a phishing attack or a bad vendor.
This being said, it doesn’t hurt to know what the safest payment methods actually are. PayID is certainly one of those options for Australians who wish to make sure that their payments go through secure and private channels. In general, there are several super safe payment options to use.
| Virtual bank cards | To be perfectly fair, we love this one the best. A virtual bank card is such a convenient tool. It can be created directly in the bank app, but in many cases |
| E-wallets | E-wallets are generally very reliable and safe payment options. They allow you to shield your financial information from multiple vendors and let you, like PayID, simply verify that the financial data is indeed accurate. |
| Mobile payments | Mobile payment solutions such as Apple Pay or Google Pay are in fact some of the safest options. You still have to be vigilant about where you pay and what you pay for, but you do not have to worry particularly about your financial information leaking to third parties. |
2. How to Leverage These Payment Options to Protect Yourself
Now, it is true that there have been instances of bad actors taking advantage even of safe and reliable options such as PayID. However, any fraudulent attempts have mostly had to do with trying to fool consumers in pre-paying rather than the solution itself being flawed in any way. It is not.
This means that although you have a powerful tool in your hands, there are habits ways that you need to develop to be 100% safe. For example, in the case of online casinos, you generally want to follow the following recommendations.
- Are you playing at a safe and licensed casino?
- What are fellow players saying about this particular casino?
- Can you see the independent body that has tested the fairness?
- Is the company operating the casino website easily accessible?
- Does the license number check out?
These are just some of the good practices that you can follow in order to pick safe casinos that allow you to use powerful payment options such as PayID to ensure that you are actually making the best out of your experience playing casino titles.
Most importantly, you should use PayID to complete deposits and withdrawals even at licensed and safe, trusted casinos. The fact is that you can never be too cautious. After all, it’s perfectly possible for a legitimate website to be hacked, for example. Bad actors try their hand against legitimate businesses all the time.
3. The World of Online Payments Is Safe, But…
It is generally agreed that e-commerce is massively safe and that you have nothing to worry about on the whole. Player can bank safely using PayID topping up their casino bankrolls and accounts, but it is still worth considering what the best online practices for payment safety are. In general, you should always be vigilant, be ready to block a transaction, or call your bank if an issue arises. The truth, though, is that if you stick to reputable vendors and use solutions such as PayID, the chances of falling a victim to a fraud are slim.
