POLi Betting Sites
You already have one of the best Australian payment methods, all you need is the best POLi betting sites and you can place your first real money bet in no time! However, it’s not as easy as it sounds, because all Australian betting sites do in fact accept POLi deposits, which makes this a question of what are the best betting sites in Australia, in a way.
POLi is a household name, but if you’re not up to date, scroll down to learn more about its qualities, and why it’s so popular with Australian betting sites. Avid punters who are simply looking for the best betting sites that accept POLi can jump straight to our Top 7 list!
Top 7 POLi Online Bookmakers Accepting POLi
- bet365 Australia
- Unibet Australia
- betfair Australia
- Ladbrokes Australia
This list is updated regularly to reflect the current situation and their current qualities. It also gives you an overview of the bonuses they offer to new customers, you must be interested in one, right? With the best POLi betting sites “out of the way” we can focus on POLi in specific, and see how bookmakers treat POLi punters. Fees, depositing instructions, security protocols, and in general the advantages and the disadvantages of using POLi at betting sites, all of these are well-covered!
POLi Payments at Betting Sites – Popular Deposit Method
It is an extremely popular deposit option at Australian online bookmakers. Punters have many reasons to favor it, among which are lower fees, and the time that it takes for the money to reach the betting account. Seeing POLi’s logo at the bottom of the page guarantees Australian punters are welcomed. Moreover, it says that you can deposit and bet in AUD.
However, the POLi betting sites we recommend are all licensed in Australia, meaning if you choose to join any of them, your betting activities will be 100% in line with Australian law and regulations. POLi is an Australian made payment method, which makes the combination twice as good!
If we were to create another list of the best Australian betting sites in general, it wouldn’t be any different from the aforementioned Top 7 POLi bookmakers.
Deposit with POLi at bet365 Australia
The world’s biggest and according to many, the best bookmaker in the world Bet365 is eager to accept your POLi deposits. Its key asset is user-friendly design, yet it comes with tons of markets packed and delivered in a compact size.
Make sure you’re not wandering around, because there are two different pages, one of which is dedicated to the Australian market. Regular or in-play betting, soccer, horse racing or basketball, all of these are fully covered. Bet365 is keeping up with the trends. A great example, and a fact which supports this is the e-Sports section!
Unibet Accepts POLi Deposits
ALL Australian betting sites accept POLi, including Unibet! The experience and the skills cultivated in Europe were eventually brought down under. Much like bet365, Unibet is also making efforts to continuously improve their offer, and make Aussie punters feel comfortable. It’s also worth noting that Unibet also has a dedicated website for Aussie punters. However, it’s highly unlikely that you will drift away to the international site because you will be redirected to the appropriate bookmaker site automatically.
Betfair Australia is Part of the POLi Betting Sites Family
Experience the thrill of betting at Betfair Australia. It’s a place for punters who seek more action, more excitement, or in other words, the opportunity to bet against other fellow punters. The Betfair Exchange is the largest of its kind in the entire world. Now, Aussies can tap into the endless possibilities brought by betting exchanges. Let’s not forget to mention that Betfair also accepts POLi, otherwise it wouldn’t be mentioned here amongst the finest POLi betting sites.
How Does POLi Payments Work?
POLi is an Australian direct online banking payment provider which supports transactions in AUD. It is a deposit method primarily which allows customers to make instant transactions. Online purchases, deposits and in general all kinds of money transfer are supported as long as the merchant is authorized and associated with POLi Payments.
You can create a POLi account, but it’s not mandatory. The only prerequisite to use POLi at betting sites or any other place on the Internet is to have a bank account in Australia. There’s a rather refined list of banks that support POLi transactions. Any other bank will not work. Some Aussie punters use POLi as a way to get money to their PayPal accounts because of low fees.
Here’s a brief explanation of how POLi Payments works:
- The Customer Selects POLi Payments as the Payment Method
- POLi connects the Customer’s Bank Account with the Merchant
- Once the Details are Provided, POLi Verifies the Transaction
- The Merchant/ Betting Site is Informed of the Transaction
- The Betting Site Credits the Customer’s Balance
- The Transaction is NOT Still Completed, but POLi “Promises” the Bookmaker it WILL
POLi Payments completely replaces credit cards, at least as far as online purchases and online deposits are concerned. It’s safe to say it’s a thing of the future. No, it doesn’t fully replace credit cards, but it does so on the Internet. It’s not like you can go the local store and pay for the groceries with POLi. It is an online banking payment method after all.
Is POLi Payments Secure?
In spite of POLi’s adamant efforts to promoting its service as safe and secure, many Australian banks have warned their customers about it. The biggest concern, according Australian banks regards privacy. POLi has access to the customer’s banking credentials, which to be honest, is vital. Then again, POLi maintains a reputation for not failing its customers. Moreover, its customer base has been growing steadily, especially with the introduction of POLi Payments Version 3, which made it entirely web browser based, allowing Mac and mobile users to access POLi’s services.
The financial services industry is closely monitoring its actions, including the official authorities. If they’ve given the green light, who are we to say otherwise. If we were to put the pros and the cons of POLi, the column showing the pros would be way longer. To be more specific, the only thing that would be part of the cons column is the already state privacy issues.
Our final verdict is, yes, POLi is safe to use at betting sites, as long as they’re licensed and legal. As long as somebody is legally bound, POLi is a recommended payment option. If it were otherwise, we’d point you towards PayPal immediately. In general, most betting sites that are available to you are indeed POLi betting sites! The correlation says it all.
Which Banks Use POLi? – Banks Supported by POLi Payments
The following list shows all Australian banks that enable you to use POLi at betting sites and any other online store:
|Bank of Melbourne||Commonwealth Bank|
|BOQ||IMB Building Society|
|Bendigo Bank||St. George Bank|
There are half a dozen of New Zealand banks, which also enable their clients to use POLi for online payments:
|ANZ||Bank of New Zealand|
For the time being, POLi is available to punters from Australia and/or New Zealand. In case you have a bank account at any of the aforementioned banks, or you can set one up, POLi betting sites are closer to you than you think!
Disadvantages of POLi
First, we’d like to go through the disadvantages that might leave a bitter taste in your mouth. It is a payment provider, money is at stake! Like we already concluded, the benefits outweigh the “damages”. For what it’s worth, POLi does not facilitate credit card transactions. The only way to make POLi payment transactions is directly via your bank account.
Amongst other things, you will come across comments that POLi is not safe from your friends. Although not a security concern, it becomes overwhelming in the long run. The media is not always correct. Speaking of which, if we could, we’d recommend POLi to work on its image. The community has been rather vocal about the privacy issues which arise due to its operation model.
The best way is to prove that they do not save any personal details, including but not limited to, bank passwords, account numbers, balance details and anything else of this nature.
We can’t talk of any currency conversion fees because it’s done by the bank, not by POLi. So far, only AUD and NZD are listed as currency options.
POLi Betting Sites Fees
POLi knocks out any credit cards because of its low fees. It takes only 1% of the amount in fees. Additionally, this fee amount is capped, which means you can’t incur any astronomical fees if you’re placing hefty bets.
To illustrate, if you deposit $100, you will pay $1 in fees, to POLi, not to the online bookmaker. If say, you deposit $300, the fee is $3. However, if you deposit $500, the fee will not go beyond the threshold of $3. Instead, the fee is limited at $3 per transaction. This is why we recommend making deposits less frequently. Of course, it doesn’t make a big of a difference, but the devil is in the detail! We’re here to inform you and to make a suggestion. The final decision is yours to make.
Additionally, there are no maintenance fees. This is why POLi is better than some e-wallets. However, this is also the source of a major obstacle, which we’re going to discuss in the following section.
Lastly, POLi is available in Australia and New Zealand only. This means that if an Aussie punter decides to go over the wall and join an international bookmaker, he will not be able to deposit with POLi in most cases. In situations such as this, it’s recommended that you use Skrill or Neteller, because PayPal is available to Aussies only in Australian betting sites.
Can I Withdraw with POLi at Betting Sites?
For the time being, you cannot withdraw with POLi at betting sites. In order to receive money via POLi you need to become a merchant, you need to be a vendor, a seller. In simple terms, you need to be the bookmaker in order to receive money.
This is the flaw we’ve been talking about all the long. Punters who deposit with POLi usually withdraw via bank transfer, or electronic fund transfer. In the past, these were very expensive, but nowadays, due to larger volume of transaction, banks offer them at much more affordable prices. Another factor of offering bank transfers at acceptable fees is the competition online banking methods and e-wallets have introduced.
POLi Payments Advantages
We’re not going to go crazy with this, because there’s not much TO talk about. POLi is a simple payment processor, which gets the job done fast, ergo, there aren’t many advantages we can point out besides the obvious. Briefly, these are the advantages punters get at POLi betting sites:
- Instant Deposits
- Simple and Easy to Use
- No Maintenance Fees Whatsoever
- Available on Mobile Devices – Smartphones & Tables
- The Bookmaker Has no Insight of Your Banking Details
- No Interest Charges
- AUD and NZD Supported
- Partnered with Other Payment Providers with a Global Presence
- Supported by Most Australian Banks
POLi is created by Australians for Australians. This is probably the main reason why we were inclined to talk more about the disadvantages of using POLi at betting sites, and overall, what could go wrong at POLi betting sites.
POLi Alternatives for Aussie Punters?
If POLi didn’t compel you to put your trust in it and use it for funding your betting experience, there are a handful of alternatives that might interest you. Most likely you’ve learned by now that no payment provider is perfect if you put a lot of thought into it. Something will pop up, something will show up and it will be the black spot on a clean sheet of paper. No matter how much you say it’s just a blank sheet of paper, the black dot won’t go away.
- Ideally, you want to join an Australian bookmaker and use PayPal as a deposit and a withdrawal method. Using PayPal is marginally more expensive, but it still is more affordable if compared with credit cards for instance.
- BPAY is another “Made in Australia” payment provider. Most likely you use it to pay your utility bills. Now, you can use it to deposit at Australian betting sites. It’s very similar to POLi, but the deposit amount will be reflected on your balance after several hours, up to 24, whereas POLi deposits are almost instant.
- Your last resort when it comes to payment solutions for your betting endeavors should be credit cards. Although widely accepted, they will make your betting experience a nightmare. High fees, extra security checks, interest on deposits, the list of flaws goes on and on.
Note, if you’re pursuing an international bookmaker you can use POLi to fund your Neteller or Skrill accounts. The fees are acceptable, don’t worry about that. However, you will become subject to extra maintenance and transaction fees which have nothing to do with POLi.
Best POLi Accepting Online Bookmaker in Australia
In other regions of the world, it’s the payment provider that invests to promote its services. In Australia, it’s the betting site that’s promoting the use of a given payment method. Or this could be the case just because POLi has won the trust of Aussie punters.
We kindly recommend Bet365 Australia, mainly because it comes with an appealing betting offer, which outclasses most, if not all of its competitors. Moreover, POLi is the recommended deposit option at all Australian bookmakers that do not accept PayPal deposits, the likes CrownBet and PalmerBet. However, this doesn't mean that you can't use it at bookies that accept a wider range of payment methods, such as BetStar and/or Ladbrokes Australia.