POLi, PayPal or Paysafecard? Comparing Top Banking Options at Online Casinos

When choosing an online casino to play at, there’s a lot to think about. Do they offer the games you’re looking to play? Are there any unfavourable terms attached to their bonuses? Do they accept the payment methods that you’re planning on using?

It’s the latter subject that we’ll be looking at in this article and focussing specifically on three popular casino banking options: POLi, PayPal, and Paysafecard.

What is POLi?

POLi is a digital payment service that operates in Australia and New Zealand. It allows users to make secure online payments directly from their bank account without the need for credit cards.

POLi payment methods have gained popularity among online casino players due to their convenience, security, and accessibility. CasinoAlpha verified 112 casinos paired with POLi and revealed that it allows users to make instant bank transfers directly from their bank accounts to online casinos without the need for credit cards or additional registrations. Its seamless integration with major banks in various countries makes it a preferred choice for players who value simplicity and efficiency in their transactions when depositing.

Advantages of Using POLi

Convenience

POLi eliminates the inconvenience of entering credit card details when making a deposit into your casino account.

Security

Not only are you not required to enter your credit card details, thus keeping them safe from unathorised access, but POLi transactions are also extremely secure thanks to their encryption technology.

What is PayPal?

PayPal is one of the largest e-wallet services in the world with over 430 million users worldwide. It’s a popular choice for various transaction types including e-commerce, personal payments and online casino banking.

Advantages of Using PayPal

Accepted Worldwide

A big advantage PayPal has over other online payment services is that it’s widely accepted by online merchants, including online casinos. Transactions can be made in various currencies making it a good choice for casino players all around the world.

Security

As you’d expect from one of the leading online payment providers, PayPal’s security is of the highest level. They offer advanced fraud prevention measures, buyer protection policies and more.

Ease of Use

Setting up a PayPal account is quick and easy and the process of making transactions is extremely user-friendly.

What is Paysafecard?

Paysafecard is a prepaid voucher that allows users to make online payments without disclosing personal or financial information. It operates in over 40 countries, and widely accepted by online casinos and betting sites.

Advantages of Using Paysafecard

Anonymity

Paysafecard allows users to make transactions without revealing their identity or banking details. This is a big advantage for anyone who isn’t confident with entering their card or personal details online.

Money Management

As Paysafecard’s must be topped up manually using cash in participating shops, users are less likely to overspend compared to using a debit card or e-wallet.

No Bank Account Needed

Paysafecard doesn’t require users to have a bank account. This makes it a good choice for those who either don’t wish to disclose their banking details or who don’t have access to a bank account.

Which Payment Option Should You Choose?

Here is a comparison of some of the main features with POLi, PayPal and Paysafecard.

Transaction Speed

POLi and PayPal offer instant deposits. The overall transaction time of Paysafecard may take slightly longer as users need to top up their cards manually at shops.

Accepted Countries

While PayPal is accepted globally, POLi and Paysafecard are limited to specific regions.

Fees

POLi typically doesn’t charge fees for transactions, while PayPal may impose fees for certain types of payments. Paysafecard may incur fees for currency conversions.