POLi is one of the options available to Australian online casino players who do not like using credit cards online. It facilitates transfer of funds from the player’s bank account to his online casino account. This section explains how POLi payment option works and what its advantages and disadvantages are.Get Started Learn More
If you want to make a deposit through POLi, you must select it as the payment option when you open a real money account. When you want to make a deposit you go to the Deposit section of the cashier of the online casino. You select POLi from the payment options and enter the amount you want to deposit. This amount should be between the minimum and maximum limits stipulated by the online casino. You will be directed to POLi's website. You choose your bank at the POli web site and from there log in to your bank account and confirm the transaction. The funds will instantly be transferred to your online casino account and you can start wagering. You can only deposit funds that are already in your bank account. In this respect POLi is like a debit card.
You cannot make withdrawals through POLi and this disadvantage is discussed later in this section.
POLi is truly an Australian online payment product and not just a global product popular in Australia. It was developed by POLi Payments Pty Ltd, which was founded in 2006 in Melbourne. In October 2014, POLi Payments was acquired by SecurePay Holdings and became a wholly owned subsidiary of Australia Post. POLi functions as a link between Australian banks and Internet merchants like Australian online casinos. Both need to be registered with POLi. All online casinos that accept POLi as a payment option are automatically registered. Most Australian banks are also registered. You can check the status of your bank at POLi web site. The great thing for Australian players is that they do not have to register with POLi, or open an account, or make any sort of commitment. All they need to have is Internet banking facilities with their banks.
There are several other advantages of using POLi and these are discussed in the next topic.