PayID is a system that allows me to “tag” my online banking account so that I can receive funds within minutes. This system effectively eliminates my need to wait between 2-5 days for my funds to appear. This system started out as an Australian system by Australian Payments Plus but has now spilled over into New Zealand. What I found out was that if my best online casino and my bank supported this system, then I could get my bank withdrawal from my online casino instantly.
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While this system is very popular in Australia, I found that there is only a small number of banks that support this system in New Zealand. I have listed these below:
ANZ Bank New Zealand
Westpac
Non-Supported Banks
ASB Bank
Bank of New Zealand
Heartland Bank
Kiwibank
SBS Bank
The Co-operative Bank
TSB Bank
I am glad to be able to receive my funds into a simple address like my phone number or email address or even my bank account number. What I found out was that the bank informed me of all the different types of PayIDs that I am able to utilize as soon as I opened up the banking app.
This system is very simple to set up as all I had to do was register the PayID that I had chosen through the online banking system. It is also worth noting that I am able to have a number of PayIDs set up on my accounts if I wish to keep these accounts separate.
How to Use PayID for Gambling
I didn’t just set up PayID to save time, but also to keep my main financial details off the casino site. I really like that I don’t have to download a new app or service. Everything is done right through my existing bank app, which makes me feel much safer than constantly entering my credit card number.
Step 1: I would log in to my ANZ or Westpac app as I normally would to check my balance.
Step 2: Next, I would navigate to my “Profile” or “Settings” menu and select “Manage PayID”.
Step 3: Then, I would select which bank account I would like my winnings to go into, which is usually my everyday account.
Step 4: Next, I would select my mobile number as my PayID, which is easier for me to remember than an email address, and then enter my code sent to my phone.
How to Deposit
Although PayID is best known for the speed of withdrawals, depositing money is equally simple and possibly even safer than using a credit card. Using the cashier section of the casino site, I choose PayID or Bank Transfer as my deposit method. The casino system generates their own PayID for the transaction. This is normally an email address of their corporate entity or a series of unique numbers that I need to copy to my clipboard.
I simply do this and head over to my bank’s app. Here, I enter the PayID into the ‘Pay Someone’ section of the bank’s app as if I were paying my mate for dinner. The money is transferred almost instantaneously and appears in my casino account within a matter of seconds. This means that I can play straight away without having to wait around for the money to appear in my account and without the risk of having the transaction declined by the bank, like happens with Visa and Mastercard.
How to Withdraw
This is where PayID really comes into its own for me and where I prefer using PayID over almost any other bank system. When it comes to withdrawing money from my casino account, I do not need to spend time searching around for my BSB number, my Swift code, and that pesky account number that is so easily misspelled. Instead, I simply need to type my registered PayID, normally my mobile number, into the withdrawal section of the cashier section of the casino site.
The beauty of PayID is that it is linked to the New Payments Platform and Osko. As such, the money does not need to be processed by the bank like normal bank transfers that take 2-5 days to appear. Instead, the money appears in my bank account within a matter of minutes, normally even before I have logged out of the casino site itself. What is even better is that this happens 24 hours a day, 7 days a week, even on weekends and public holidays when the bank is closed.
Pros and Cons of PayID
To be honest with you, although I believe this service is a huge step forward with regard to the speed of service, I also believe that it is not without some negatives. I love the speed, although I have to say that it can be a little frustrating that it isn’t more widespread in NZ.
Pros
Instant Speed: I can withdraw my winnings and have it directly credited to my bank account within a minute, no matter what time of day it is!
Privacy: I love that I don’t have to reveal my sensitive bank account information to the casino; all they need is my phone number!
Simplicity: It’s much easier for me to recall my phone number than to look around for my long string of numbers associated with my bank account!
Security: Every transaction is encrypted, and I have to confirm it on my phone, making it very secure!
Cons
Limited Banks: It’s a bit frustrating that only ANZ and Westpac are currently supported, although this does mean that many Kiwis are not out of the loop!
Casino Availability: I have to say that not all casinos have PayID set up for deposits and withdrawals, which can be a bit of a problem!
Geographic Limitations: Since this is an Australasian innovation, I have found that many of the larger casinos around the world, outside of our region, don’t have it at all!
How We Review PayID Casinos
We don’t just look at the “About Us” section of the casino and assume that they are good to go. We like to put our money where our mouth is, so to speak, and actually play at these casinos with real money and real risk. We like to see if these “instant” withdrawal promises are really true when I go to withdraw my winnings, or if there are some secret withdrawal hoops that aren’t mentioned anywhere on their website.
But it’s not just about playing at these sites, it’s also about who is behind them. We do a lot of research about who owns these sites and if they are legitimate. But it’s also about the speed of the withdrawal with the PayID casinos. If they take 24 hours to make the withdrawal, then they don’t make our top list.
Best Alternatives to PayID
Since PayID is still not offered in every single online casino or by every single Kiwi bank, I like to have a few tricks up my sleeve. These methods offer similar convenience and security to PayID and ensure that I can make my transactions at all times and in all places.
POLi Payment
If I’m to be honest, POLi online casinos are probably the closest alternative to PayID that Kiwis can get in terms of convenience. It directly connects to your internet banking to make deposits in an instant without the need to use a credit card. It is also very popular because it is accepted by almost all major New Zealand banks, not just ANZ and Westpac.
The major difference I found is in the withdrawal process. While I can make instant and fee-free deposits, I found that POLi is a one-way street. I would need to make a withdrawal via bank transfer, which would take a few days.
Skrill
If I want to make sure that my gambling transactions don’t appear on my main bank statement, I would love to make a Skrill online casino my new home. Skrill is an e-wallet that serves as a middleman in all of my gambling transactions. I can make instant deposits and just as quick withdrawals.
I would use Skrill when I need to make fast transactions that can rival PayID in speed, but my bank is not accepted or I’m playing at an international online casino. The major drawback I found is that I would incur a few fees when I transfer my winnings from Skrill to my bank account.
Internet Banking
As a second option to the PayID system, internet banking through a third-party processor is the second best option for me. Although not exactly “instant” like the PayID system, this option is nevertheless a big improvement over the traditional banking system that took almost a week to clear. With this option, my funds are cleared in a matter of hours or the very next morning.
This option is the best option for me when playing on international casino sites that do not have local payment processors. It is a sort of intermediary that ensures that my funds are cleared and verified as fast as the banking system will allow, without my having to disclose my actual banking information to the casino site.
Apple Pay
As a bonus, the Apple Pay casino sites are the best option for me when playing on my phone, which is most of the time. This option requires the use of Face ID, which is very convenient for me. I do not have to remember my credit card numbers or the actual security verification numbers.
The only real negative aspect of the service that I’ve seen is that going back to Apple Pay is a bit of a gamble with the various casinos. I’ve had to withdraw to my bank card many times. But to be honest with you, for the sake of getting my money quickly and easily into my account, I’m willing to look past the negative of the withdrawing process.
Update Log
11 February 2026: Expanded the article with alternatives to PayID, a step-by-step guide on how to use this payment method for gambling, how to deposit and withdraw.
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With 20-plus years on the casino front line, Edward Howarth blends deep operational insight with academic rigour. After serving as VIP Manager for a multinational casino group, the University of Waikato Social Sciences alumnus turned his focus to player-behaviour research, online wagering and safer-gambling programmes. Edward also holds an ICA Anti-Money-Laundering Diploma (2021) and completed eCOGRA’s Responsible Gambling & Fair Gaming training in 2018.
Expert on: online casinosresponsible gamblinggamblingfair gaming
Sophia Novakivska has 10 years of experience in online gambling. For the past decade, Kyiv-trained linguist Sophia Novakivska has analysed everything from slot algorithms to live-dealer probabilities. Her bylines appear on Better Collective, AskGamblers and Gambling.com, and she specialises in NZ bonus clauses, slot maths and live-game odds. Sophia’s credentials include GLI University’s iGaming testing & compliance course (2020) and UKGC-approved Responsible Gambling certification (2022).
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