How to Pay Someone with PayID

PayID has proven to be a convenient and reliable payment method for Aussies. It is simple to install and set up; you can update your personal information, switch to another account type, or link your PayID to your new bank account. Finally, you can use it for various types of payments—even deposits and withdrawals at PayID online casinos are fast and absolutely safe with it. That is why so many bank clients across Oz are interested in whether it is possible to pay someone this way and how to do it. We won’t chew the fat here; let’s move on to the process!

How to transfer money via PayID in Australia

Step-by-Step Setup Instructions

Though PayID has been around for several years, many are still hesitant to give it a fair go. However, there is nothing complicated or iffy about it. Follow the instructions below to adopt a new way to manage your moolah and pay the person you need to.

Check if Your Bank and the Bank of Your Recipient Are Compatible with PayID

Today, more and more Aussie banks offer PayID as an up-to-date method of payment, though some financial institutions still don’t support it. The list of banks where you can give PayID a burl includes:

  • ANZ;
  • Commonwealth Bank;
  • ING;
  • National Australia Bank;
  • Westpac.

Information about compatibility with PayID is usually provided on the website of the financial institution. However, you can give your bank a tingle to make sure you can set up and use the method for payment.

Register for Your PayID

You have to register through your bank to start using PayID. Here are the steps you need to follow to try the corker:

  1. Visit your bank and discuss the details of PayID setup and application with your manager.
  2. Provide the relevant information requested. The manager may ask you for your email address, phone number, etc.
  3. Prove your identity with appropriate documents and operations from your bank.
  4. Receive your unique PayID identifier and save it somewhere safe.

Link Your Bank Account to PayID

The next step after receiving your identifier is connecting it to your bank account. The process may vary depending on the financial institution, but in general, it looks like this:

  1. Log in to your internet banking or your bank’s mobile app.
  2. Go to your Profile or Settings section.
  3. Select the account you are going to link to PayID.
  4. Provide the identifier received from the bank.
  5. Choose an identifier for future entries (such as your phone number or email).
  6. Enter a PayID name to make transactions a bit more personalized.

Pay with PayID

Paying someone with PayID is not hard yakka at all—you can do it in just a few steps:

  1. Open your profile in online banking or your bank’s mobile app.
  2. Click the Pay option, and then move on to Pay Someone.
  3. Browse the list of payment options and select PayID.
  4. Enter the PayID details of the recipient.
  5. Enter the amount you want to pay.
  6. Review all the data thoroughly before you complete the transaction.
  7. Finalize the payment.

PayID is a true-blue way to transfer moolah to anyone because it is swift, secure, and convenient. Give it enough time, figure out all the details carefully, and she’ll be right.

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