What is PayID?
PayID allows you to send and receive money instantly and securely, via your existing online bank account, without the need for BSB and account numbers.
A PayID is a unique identifier like a mobile phone number or email address linked to your bank account and enables you to send and receive funds through the New Payments Platform (NPP) or Osko.
Most banks allow you to create a PayID transaction, through their mobile banking apps.
For more information on how PayID works please follow the link https://payid.com.au/how-it-works/
How Do I Register My Number or Email to PayID?
Good news, PayID is already in your online banking! PayID is offered by over 100 banks, credit unions, building societies and other organisations.
Each bank has a slightly different process on how to register a PayID. To register your number or email for PayID Click this link PayID
1. Scroll down to “Find my bank” then you can either search for your bank or select the image.
2. It will then prompt you to log into your online banking and advise you how to set up PayID through your particular bank.
How Do I Deposit with PayID?
Australian residents can deposit money into their Picklebet wallet via PayID in six steps:
1. Go to WALLET and select the Deposit with PayID tab.
2. Click the START USING PAYID button. This will generate a unique email address.
3. Click COPY PAYID.
4. Open your online banking app, and select PayID as the payment option.
5. Paste the unique email address into the email field.
6. Enter a deposit amount, and follow the prompts, until your payment is confirmed.
When you return to Picklebet, your deposited funds will be visible in your wallet.
Please do not deposit more than your current deposit limit. Excess funds will be held and returned to your bank account.
Why Have I Not Been Credited My PayID Funds?
Although PayID transactions occur in near real-time, your first deposit may be delayed for up to 24 hours. This delay is a security measure that banks take to ensure both parties (sender and recipient) are legitimate.
If you send funds via PayID that exceed your current deposit limit, your funds will be held and returned to your bank account.