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Perhaps the biggest disadvantage to using POLi is that it does not facilitate withdrawals. It is a purely one-way system and that way is from the customer’s bank account to an external recipient.
The award-winning POLi payment method has revolutionised the way Australian and New Zealand-based customers pay online. Secure, fast and reliable, POLi is the payment method of choice for many online gamblers in the region and for good reason. There are many advantages to this method that make it well suited to the world of online gambling.
POLi Payments was launched in 2006 and is a private company fully owned by Australia Post. It is headquartered in Melbourne. The service allows users in Australia and New Zealand to securely transfer funds and it counts among its business customers brands like Etihad Airways, Western Union and Air New Zealand.
POLi facilitates bank transfers and adds an extra layer of security while doing so by keeping banking details private. A similar service, only available to Canadian players, is InstaDebit and these two methods leverage the security of online banking with a streamlined and private user interface.
If you dislike having to remember yet another set of login details, POLi could be the answer. Customers do not need to create an account with POLi in order to use the service. This payment method essentially combines your standard online banking experience with a payment portal so all you need to know are your online banking details, which you have probably memorised already anyway.
With this in mind, players can expect to follow these steps when making a deposit at a POLi casino:
Unfortunately, POLi customers cannot use this facility to make withdrawals. If we consider how POLi works, this makes sense. After all, when you are receiving money into your bank account, it doesn’t matter if you log into your online banking account because the transaction must be initiated by the sender. In our case, that’s the online casino.
Many casinos have a line in their terms and conditions that say that withdrawals will be paid via the same method the player used for deposits. However, as POLi cannot be used for withdrawals, players will need to select a different payment option. Different casinos offer different methods but bank transfer, e-wallet or credit cards are all good alternatives.
We have just mentioned what we think is POLi’s biggest disadvantage for casino players but there are plenty of positives too. Our list of pros and cons covers the major advantages and disadvantages of using POLi:
Our list of pros and cons covers the major advantages and disadvantages of using POLi:
We can imagine that NZ players will have been disappointed by the news that POLi cannot be used for withdrawals so we’ll follow that up with some good news - there are absolutely no charges, fees or hidden costs to using POLi when you make an online casino POLi deposit. Zilch, nada, nothing. This means that every cent goes straight to your casino account and is available for you to play with.
We can think of a POLi transaction as a bank transfer wearing a suit of armour. When you make a POLi payment, your bank details are completely hidden from the recipient by a strong encryption protocol. When making a casino deposit through POLi, a pop-up window is launched and this utilises POLi’s award-winning security system to keep your details safe.
POLi is unique in its home region, which means NZ players are not likely to find services that do what this one does. Our friends across the Pacific in Canada can use InstaDebit, which similarly protects and speeds up the standard bank transfer to make it more appealing to customers who want to pay quickly and securely.
Because POLi cannot be used for casino withdrawals, it’s important to set up another way to receive your cashouts. Bank transfers are a secure if slow way to receive casino payouts and e-wallet options like Skrill, Neteller and PayPal are highly popular with gamblers for their convenience and speed.
Perhaps the biggest disadvantage to using POLi is that it does not facilitate withdrawals. It is a purely one-way system and that way is from the customer’s bank account to an external recipient.
Given that POLi is a highly regional payment option, it’s probably easier to mention the countries where it can be used and those are Australia and New Zealand. There are currently over 15 Australian and 6 New Zealand banks that allow their customers to use POLi to make transfers.
Security is a priority when it comes to moving money online and POLi has gone to great lengths to provide a strong and secure platform. Deposits are instant with POLi and because it only uses AUD and NZD, players have the luxury of depositing and playing in their native currency, without the need to factor in the exchange rate or any associated fees.
At the time of writing, the following New Zealand banking institutions allow their account holders to use POLi when paying online: ANZ, ASB, Bank of New Zealand, Kiwibank, TSB Bank and Westpac.
Since 2012, POLi payments have been possible on mobile. With the launch of Version 3, POLi opened its services up to the Mac and mobile platforms through updated software and compatibility.
When making a payment through POLi, users can transfer any amount provided it meets the minimum limit set by their bank. In other words, if your bank allows you to transfer out $1 via online banking, then you will be able to transfer that amount via POLi.
When it comes to online casinos, a minimum deposit limit is something we have to keep in mind. This limit varies depending on the operator but a lot of casinos tend to stick with a minimum deposit limit of around $10. If in doubt, check the terms and conditions or Banking section to confirm. It’s also worth noting that some casinos set different minimum deposit limits for some or all of the payment methods they accept.
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