POLi offers users an easy method of quickly making transfers both to and from their existing debit or credit cards. This means that users only have to connect POLi to their bank account once and thereafter they are free to make transfers any time they would like. The level of encryption used together with the fact that no user data is kept for any reason makes it a very option for a lot of different people. Here are all the reasons why POLi is a great option for Kiwi players and some why they are not.
The advantages of using POLi for online gambling:
- You are able to make use of any pre-existing bank account in either Australia or New Zealand when signing up with POLi. This way you do not have to register any personal information or even have an actual account in order to use it.
- Their systems make use of high level 2048 bit SSL encryption making it very difficult for anyone outside of the company to access sensitive information. This, however, would not apply to players as data related to them is not saved anyway.
- POLi is a subsidiary of the Australian Post making it a very reliable payment method within the casino industry. It is also compatible with the majority of banks and other financial institutions in both Australia and New Zealand.
- Your financial information is a lot more secure than if you just used your standard bank account. This is because the data associated with your transactions is then encrypted making it very difficult for anyone to gain access to your sensitive information.
The drawbacks of using POLi for online gambling:
- One of the more obvious downsides to POLi is that it can only be used by those who live in either Australia or New Zealand.
- POLi payments are not able to be reversed once they have been completed. POLi users must therefore be extra careful when finalising a transaction amount.
- You can make withdrawals on POLi but they are quite a bit more complicated than making a quick deposit.
If you have heard of POLi but have not been sure until now about if it's worth using or not, now you know. Even though POLi does have its downsides it definitely has more benefits than drawbacks. The payment system allows you to make very quick payments from your bank account to anyone who supports it.
Useful Sources:
1. https://www.stuff.co.nz/business/110009318/a-honeypot-for-fraudsters-or-a-simple-way-to-pay-online
2. https://nzcasinohex.com/online-casinos/poli/
3. https://www.polipay.co.nz/
