POLi is an online payment processor designed for residents of Australia and New Zealand. Their services enable online casino players to deposit money into their casino balance directly from their bank accounts. Since POLi is currently available in over a dozen different banks and does not require any registration to use, it is one of the most convenient and safe methods for Australian and New Zealand players.
If you are a resident of Australia or New Zealand, you are free to use POLi's services at any of the 60+ online casinos that accept them as a payment method. You will, however, need to hold an account at one of the banks listed on the POLi site. Currently, 20 of the region's largest banks are participating in the POLi program.
Depositing with POLi
To make a deposit into your online casino account with POLi, you'll only have to complete a few simple steps. First, open the participating casino and log in for real money play. Then go to the cashier and select POLi from the list of available payment methods. Enter the amount you wish to deposit and choose the bank you hold an account with from the list presented. You will then be directed to your bank's secure website where you will complete the transaction. At no point during the process do you have to exchange your personal or financial details with any third party, including the casino itself. The whole process is completed at absolutely no charge to you.
Withdrawing via POLi
Some online casinos that accept POLi may also allow you to withdraw through them as well. However, this will require some additional effort on your part. You will be required to register an account with POLi by completing the form on their website. Make sure you select “Standard Pricing Plan”, then provide POLi with all the information they need to handle future withdrawals, including your name, address, and banking information. All of the data is kept safe behind an SSL-protected server.
After you have registered and verified your bank account, you can then perform a casino withdrawal by going to the cashier, choosing POLi from the withdrawal options window, then logging in and finalising the transaction with the account information you provided. You will be charged a small fee of $0.30 plus 0.9% of the transaction value.
Advantages of POLi
POLi is leagues ahead of most other online payment solutions when it comes to combining ease of use with safety. By not requiring their users to register to deposit, you really just have to click the POLi button on an online casino's cashier to begin using their services. And since it is your bank that conducts the actual transfer, you do not have to disclose any of your sensitive details.
Another big advantage is the fact that POLi charges absolutely nothing for a player to deposit at an online casino. Considering the fact that every dollar could be the lucky one, this is huge in ensuring you get the most value for your money.
Disadvantages of POLi
It's a pity that a service as well-rounded as POLi is only available to those who have a bank account at select banks in Australia and New Zealand. If you are a resident of another country, there are some other similar services that could fit your needs.
Although deposits are instant and free of charge, the slightly more complex withdrawal process offered by POLi does require registration, disclosure of bank information, and a small fee. However, it is still one of the most efficient ways to get your money out of a casino account.