In just a few short years, PayID has gone from a fresh-faced fintech tool to the preferred payment method for thousands of Aussie online casino players. Built for speed and simplicity, it allows users to transfer money using an email, phone number, or even ABN—no more memorising BSBs or account numbers.
This timeline walks through PayID’s journey, showing how it evolved from a general-purpose payment upgrade to a staple in the online gambling scene in Australia. Whether you’re a new player or a seasoned punter, understanding the history of PayID helps explain why it’s now the top choice at real money casino sites.
The Launch of PayID (2018–2019)
PayID was launched in 2018 as part of the New Payments Platform (NPP) initiative—a collaboration between the Reserve Bank of Australia and over a dozen financial institutions. The goal? Modernise Australia’s banking infrastructure and make everyday transfers faster and safer.
Key highlights from the early years:
- Replaced traditional bank identifiers like BSB and account numbers with user-friendly IDs (email, phone, ABN)
- Backed by major banks: Commonwealth Bank, NAB, Westpac, ANZ, and more
- Used mostly for peer-to-peer payments or small business transfers
PayID was initially promoted as a faster, easier way to send money to friends and customers. Its integration with most online banking apps made adoption simple—by late 2019, millions of Australians had already activated a PayID.
Though PayID was not originally designed for gambling, its user experience aligned perfectly with what players wanted: convenience, security, and real-time transfer speeds. It was only a matter of time before online casinos took notice.
Growth in Online Casinos (2020–2022)
As more Aussies started gambling online—especially during lockdown periods—online casinos began to explore faster, more flexible banking options. PayID was an ideal match.
Why PayID outpaced older methods:
- POLi and Neosurf had longer processing times and manual steps
- Cards often triggered bank blocks or international processing errors
- PayID offered instant deposits and fast withdrawals, directly through Aussie bank apps
The shift in player preferences began in earnest around 2020. Casino players were becoming more mobile-focused, less tolerant of delays, and increasingly concerned with security. Traditional payment options started to feel clunky compared to PayID’s seamless flow.
By 2021, many top-tier casinos began integrating PayID into their payment sections. Some even introduced first deposit bonuses exclusive to PayID, giving players extra incentive to switch.
At the same time, banks ramped up education campaigns to get more Australians using PayID, further reinforcing its legitimacy and widespread support. Meanwhile, online forums and player communities started recommending PayID as a safer and more consistent method for casino transactions.
While KYC (Know Your Customer) friction still slowed down withdrawals, casinos gradually improved their verification flows to match the speed of PayID itself. Some sites even began integrating biometric and two-step verification options for instant KYC approval.
PayID in Online Gambling (2023 & Beyond)
By 2023, PayID wasn’t just an option—it became the go-to payment method for many Australian casino players.
Key developments:
- PayID-only welcome bonuses became more common
- High deposit and withdrawal limits made it attractive for high rollers
- Fast verification systems helped streamline the cashout process
- Many casinos began promoting PayID as their primary banking method
New online casinos that launched during this period often built their entire payment flow around PayID. Mobile-first platforms especially benefited, as PayID complemented app-based banking and made real-money gaming a lot more accessible to casual players.
At the same time, player trust soared. With PayID backed by major Australian banks and integrated directly into bank apps, users felt more secure depositing large sums or claiming sizable wins without worrying about intermediaries or third-party failures.
Looking ahead to 2025
PayID is on track to become the core payment layer across all Aussie-friendly casinos, especially those focused on mobile and instant-play formats. As regulatory environments continue to evolve, PayID offers a safe, compliant solution that appeals to both operators and players.
In fact, some casinos are now exploring PayID-exclusive promos, loyalty bonuses, and even PayID-linked cashback programs—a sign that this system is not just a banking option, but a strategic cornerstone of modern iGaming platforms.
Why It Matters for Aussie Casino Players
Understanding PayID’s rise isn’t just trivia—it shows how far Aussie casinos have come in offering bank-level payment tech with instant access to your winnings.
Here’s why that’s important:
- Bank-backed trust: PayID is powered by institutions players already use daily
- Instant withdrawals: No more waiting days to see your pokies winnings hit your account
- Fewer failed payments: PayID cuts out middlemen and international processors
- Supports AUD directly: No currency conversion issues or foreign transaction fees
It’s no surprise that PayID is now seen as “the pokies payment method”—fast, reliable, and built for real Aussie players.
Whether you’re chasing bonuses, playing high-volatility slots, or just want a smoother banking experience, PayID has positioned itself as the smartest way to bank at online casinos.
Want to see how it works in action? Explore our list of PayID casinos or find fast withdrawal casinos here. If you’re just getting started, check out our PayID setup guide and join thousands of Aussies who’ve already made the switch.