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POLi Betting Sites 2024

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POLi is a popular payment method at Aussie online bookmakers and is an instant and secure way to transfer funds to your betting account.

If you don’t have a credit card, this is an excellent alternative as it enables you to pay for goods or services with a direct link from your internet banking safely.

POLi is only available to individuals who have bank accounts in Australia and New Zealand.

In this brief, we do a deep dive into what POLi is all about, how safe it is to use and how POLi works on Australian betting sites.

As an online payment provider that is fully regulated and secure, POLi has become quite a popular payment alternative on Aussie betting sites.

For that reason, we want you to know how POLi Payments work when betting on Australian betting sites. Here are our top recommendations for betting sites that offer POLi as a payment method:

Should I Use POLi?

If you are an Australian citizen who loves to bet online, consider POLi as a payment method, especially if you don’t have a credit card.

POLi is an instant transfer into your betting account and is very beneficial when betting on horse racing (especially for in-play betting) where you can’t afford to wait.

To use POLi is simple and no pre-registration with them is required, making it an excellent alternative for a credit card (where hackers can easily get these details) for all your online shopping needs.

To make things easier, POLi relates to the leading banks in Australia and New Zealand, so you are likely to find yours on their list of accepted banks.

POLi is one of the safest online payment methods you can use and is an available method for many trusted and licensed Australian bookmakers.

Since its inception in 2006, POLi became very popular in Australia and New Zealand, despite some software security issues that threatened to tarnish POLi’s reputation.

Keep in mind that unlike payments made with a credit card, a payment made with POLi cannot be reversed, so be 100% sure to double-check the amount you want to deposit before processing the payment.

We like the fact that POLi is a free service that only charges a minimal fee, and you don’t need to share any personal details with POLi to use them as a depositing method.

There is no need to have a POLi account, as you only need your online banking app to approve the transaction, and funds are available instantaneously. You can either use POLi as a ‘guest’ or use the auto-fill feature to speed up the payment process.

POLi Pros and Cons

Any banking product has its benefits and drawbacks, and we’ve highlighted the pros and cons for you to help you make up your own mind about using POLi.

Pros:

Adding funds to your betting account is instant.
Convenient and easy to use.
Low transaction fees.
No monthly fees.
A payment option offered by most Aussie online bookmakers.
Available for both iOS and Android driven platforms.
A great alternative to using a credit/debit card.
100% Australian.

Cons:

Payments made using POLi cannot be reversed.
Software and compatibility concerns with non-Windows platforms.

How To Deposit at POLi Betting Sites

To deposit on a POLi betting site is straightforward and only takes a few minutes. Follow our NBS step-by-step guide and we’ll have you ready to bet in no time:

Step 1: Choose your POLi betting site.
Step 2: Complete the online registration with your preferred bookmaker.
Step 3: Fund your betting account by choosing POLi as a payment method.
Step 4: You are all set up and ready to bet!

Unless you intend to use POLi for most of your online purchasing, there is no need to register an account with them or have funds paid into a POLi account. It is an instant online transfer between your bank and your betting account using your online banking app.

Unfortunately, you cannot use POLi as a withdrawal method and we recommend a few alternatives below for this instance.

Banks That Accept POLi Payments

POLi is one of the easiest alternatives to use if you don’t have access to a credit card. Many banks in Australia accept POLi as a payment method. POLi is not a bank and does not have contractual relationships with banks accessible via POLi.

Here is a list of banks that currently accept POLi in Australia (listed alphabetically):

ANZ
Bank of Melbourne
BOQ
BankSA
Bankwest
Bendigo Bank
Citibank
Commonwealth Bank
Great Southern Bank
IMB Building Society
ME Bank
NAB
Newcastle Permanent
People's Choice Credit Union
St. George Bank
Westpac

For New Zealand customers, the list is slightly shorter, but the biggest banks in New Zealand accept POLi as a payment method.

POLi Fees, Currencies, And Processing Times

POLi is one of the preferred payment methods as it is a cheaper banking alternative when betting, as only a 1% transaction fee is involved. There are no other hidden costs, so if you were to deposit an amount of $50, you will only attract a 1% fee of $0,50, that’s it!

You also don’t need to pay any monthly maintenance fees to POLi, unlike most other e-wallets, and can simply use them when you need to, pay as you go. Usually, POLi is also only available to 100% Aussie betting sites, and they only accept AUD and NZD as currencies.

There is a $50,000 limit over a 24-hour period and transactions using POLi are instantaneous, so there is no processing or waiting time at all.

Alternatives To Using POLi Payments

You may have decided that POLi is not for you and have to look at suitable alternatives. Australian online betting sites offer many alternative payment options, and many local and international operators are among the most popular alternatives to use.

Most online betting operators will offer one or more of the following payment methods:

Visa/Mastercard: This is a good payment method for both withdrawals and deposits. Making use of a credit card to deposit is instantaneous, and withdrawals can take up to 72 hours to process.
PayPal: This world-leading e-wallet facilitates both withdrawals and deposits. Payments are fast and convenient and completely safe to use. You can also do payments via the PayPal mobile app.
BPAY: Being linked to over 150 banks in Australia, BPAY is a safe and popular payment option, but there is a waiting time for funds to clear that can take up to 48 hours sometimes.
Flexepin: This method is a top-up voucher you purchase to fund your betting account, and these vouchers can vary between $20 and $500. This is an excellent alternative to POLi, as payments are also fast and anonymous.

Wrap Up on POLi

Many Australian bookmakers have added POLi as a payment method and would only do so if they considered it to be a safe method to fund your betting account.

They have over about 15 years of experience, and they have facilitated quick, secure, and convenient payments during all this time.

Even though POLi is not available to withdraw funds from your betting account, the benefit of a low processing fee, ease of use, and instant access to funds in your betting account make it a very attractive option for online betting enthusiasts.

Have a look at our preferred online bookmaker list above and enjoy your betting experience safely and responsibly with POLi.

FAQs On POLi Payments

What Is POLi?

POLi is an online payment company that is based in Melbourne and was formerly known as Centricom. With POLi, customers can pay for goods or services by using a direct connection to their internet banking.

Is it safe to use POLi?

Yes, POLi is a secure and safe method of payment and an excellent alternative to using if you don’t have a credit card. They have several safety measures in place and do not store your personal or banking details, which offer another layer of safety.

How much does it cost to use POLi?

For you as a consumer, there is only a 1% processing fee involved in using POLi. The merchant that is connected to POLi pays whatever other costs may be involved to offer POLi as a payment method.

Do I need to register with POLi before I can make use of it?

No, you don’t need to register with POLi before making use of its services. The betting site (merchant) who intends to offer POLI as a payment method does all the registration on their side.

Can I do a withdrawal from my betting account using POLi?

Unfortunately, you cannot withdraw funds from your betting account using POLi. Have a look at alternatives like Mastercard, Visa, PayPal, BPAY and PayID to make withdrawals.

What are the best POLi alternatives to use?

If you are looking for an alternative to using POLi and don’t have a credit card, there are other good banking options when withdrawing from or funding your betting account. Most betting accounts in Australia will offer PayID, BPAY, Flexepin and PayPal.