If you’ve ever tried to pay your bills online, you know the whole thing can be a pain in the neck. That is why several Australian banks came together to create BPAY, a service built to make online transactions as smooth as can be.
However, its ease of use has attracted a different clientele: online casino players! Join us for an in-depth look into one of Australia’s leading payment methods to discover how it performs at online casinos.
What is BPAY?
BPAY is a specially designed bill payment service integrated with over 150 Australian banks and credit unions. As it became more popular, its scope expanded. It caters to a wide range of businesses, including iGaming sites. It replaces your credit/debit cards, allowing you to make direct payments using online banking.
BPAY is run by several banks, which used their experience to make the service as easy as possible. As an exclusively Australian payment method, it uses AUD for its transactions.
BPAY Account
BPAY does not require a separate account to function. Instead, the service draws funds from your bank balance to facilitate payments. You must have an account in a participating bank to take advantage of BPAY. BPAY is an Australian online payment method
Company
BPAY is an Australian online payment methodis a subsidiary of Cardlink Services Limited, owned by four major Australian banks. It was established in 1997 to make bill payments by phone possible and expanded into online transactions soon after. From there, Bpay only continued to grow. It’s now offered as a payment method in over 60,000 businesses and processes around 30 million bill payments each month.
Facts
Payment Type
Bank Transfer
Headquarters
Sydney, Australia
Fees
No
Pros
No Bpay account needed
No fees
Very secure
Cons
Cannot be used for cashing out
Slower deposits
How to Deposit with BPAY?
Go to your casino’s banking section and pick BPAY as a payment method. You’ll be asked to select your bank and the amount you wish to deposit. You’ll then receive a biller code and a unique customer reference number (CRN). Copy them and log into your online banking account. You then paste the CRN and biller code and enter how much you wish to deposit. Confirm the transaction, and you’re ready to start playing games.
How to Withdraw with BPAY?
You cannot use BPAY to withdraw funds from your casino balance. Instead, you’ll have to take advantage of another payment method.
No, Bpay does not come with any extra costs. However, some online casinos may ask you to pay extra when using this banking option.
Transfer Times and Fees
Unlike the majority of payment methods, Bpay deposits are not guaranteed to be instant. It can take a few hours to two days for the funds to appear in your casino balance. Bpay charges businesses rather than users, meaning you should be fee-free when using it to add money to your account. However, some online casinos may pass on the charge to you, so keep an eye out for that.
Security
The payment method is tightly integrated with Australia’s major banks, ensuring it meets the same security and anti-money laundering standards. Additionally, the CRM and biller code guarantee only you can initiate and authorise transactions.