With a booming online betting industry, Australia needed a good local payment method to enable punters to instantly top-up their accounts with no fees or complications. The answer came from POLi, an online payment option that allows direct payments from the user’s bank account at a series of merchants, including most online betting sites that focus on the Australian market. Established in Melbourne in 2006, POLi quickly became the most popular deposit option for Australian punters thanks to its transaction speed, great security, and lack of fees.
With the online gambling environment in a continuous change in Australia, POLi is the payment method that punters can always rely on. If you haven’t used POLi so far but you’re eager to give it a go, we created a thorough review of this payment option so you know everything about it before using it.
Of course, there’s nothing stopping you from enjoying the first deposit bonus when depositing with POLi. Since it’s a safe and secure payment option that is linked directly to your bank account, you will never have to worry about not being eligible for bonuses.
While some bookies apply restrictions for the first deposit bonuses on deposits made with Skrill or Neteller, POLi isn’t targeted by such restrictions. Certain bookmakers don’t issue the first deposit bonus for ewallet transactions because these payment options have been used a lot by players that wanted to take advantage of these offers and created multiple accounts. So, you have nothing to worry about when depositing via POLi.
Making a POLi deposit at your favorite bookmaker is an effortless task that can be easily handled even if it’s your first time depositing at an online bookmaker. Even so, we decided to create a complete guide from the moment you access the bookmaker up until your deposit is processed. With these instructions, you can be sure that your first experience depositing with POLi is a positive one.
Also, you should note that we created this guide assuming that you already found the perfect POLi bookmaker for your needs. However, if you need an extra helping hand, you can find some great suggestions on this page. Here’s how to get the job done:
The vast majority of online bookmakers do not take a fee for your POLi deposits so the amount that leaves your bank account is going to be exactly what you get on the bookmaker account. If there’s any discrepancy, you should choose one of the online sportsbooks recommended by our team, where you can be sure of no fees. The minimum deposit via POLi is $10 and can go as high as $2,000 in one transaction. However, both the maximum and minimum values can be changed by the bookmakers or by your bank. Make sure to check what are the transaction limits in place by your bank.
Unfortunately for Australian punters, POLi can’t be used as a withdrawal method. While this function would have made POLi the absolute best payment option for online betting, there’s no support for withdrawals. It’s not sure if the option will be included in future versions of POLi, however, for the time being you need to look for alternative withdrawal methods. Most punters use ewallets like Skrill or Neteller since they’re among the fastest withdrawal options and most of them come attached cards that can be used at ATMs or for POS purchases all around the world.
Since POLi facilitates online payments straight from your bank account, there’s no need to create an account with them. Your internet banking credentials are enough to make a POLi deposit at any online bookmaker that supports it. You won’t waste time creating another account or remembering a new username and password. They collaborate with all the banks in Australia and New Zealand so you won’t have an issue using their service. ANZ, NAB, Westpac, Bank of Melbourne, Kiwibank, or Bank of New Zealand are some of the biggest banks POLi partnered with.
Since you don’t need to create an account to make a POLi deposit, there’s no need to verify an account either. With POLi being linked directly with your bank account, all the needed security checks are done by the bank when you open the account. So, you won’t have to share any other personal details to experience this high-security payment option and enjoy your favorite online bets.
When paying with POLi, you don’t have to worry about any kind of fees. The payment option itself doesn’t apply any taxes on your transaction. However, you can expect a commission or transaction fee from your bank, depending on how you negotiate your deal with them. The vast majority of online bookmakers don’t include any fee either so you get to enjoy the entire amount you deposited.
The story of POLi started under a different name altogether. The first company was known as Centricom that was established in Melbourne in 2006. After developing the payment option, the company changed its name to POLi Payments Ltd and as the deposit method grew in popularity, it attracted more and more partners. Slowly but steadily, POLi became available on for customers of all banks in Australia and New Zealand. Finally, in 2014 the company was acquired by SecurePay Holdings, a subsidiary of Australia Post.
Since it was designed as a local payment option, POLi didn’t focus on extending its services to other territories. Australia and New Zealand are the only markets where punters can use POLi to make instant deposits.