POLi is a product of POLi Payments Pty Ltd, formerly known as Centricom, which has its headquarters in Melbourne. It is an online payment system that is used by merchants and consumers in Australia. It has become extremely popular because it allows online casino players to make deposits without the need for a credit card. It has allowed those players who do not have credit cards or who are uncomfortable using credit cards online to participate in online casino wagering.
POLi is a link organization between your bank and your online casino. Therefore both need to be linked to your POLi account. If your bank is not registered with POLi then you will not be able to use this payment option at online casinos. This link between bank, POLi and online casino is totally secure. It uses the same high technology security protocols that are used in commercial banks. POLi gives instructions to your bank account to transfer funds to your online casino and the other way around. One important factor is that your bank account details remain only with POLi and never enter the servers of the online casino. You can also use the same POLi account to deposit funds at different online casinos. This is an advantage over credit cards where each online casino you wager at will have your credit card information. The funds can be transferred from your bank account only if there is sufficient balance. Therefore you cannot avail credit for wagering at online casinos, which may be a good thing for some players. For this reason POLi is known as a debit system.
Deposit Using POLi
In order to make a deposit at your online casino using POLi, go to the cashier and click on the POLi icon. You will be then taken to the POLi server. There you will have to choose a bank and enter your bank details and the amount. When you activate the transaction, the funds will be instantly transferred to you online casino account. The minimum and maximum deposit limits can be found at the banking page of your online casino.
Withdrawal Using POLi
Not all Australian online casinos allow withdrawals through POLi. Therefore you should verify this from your online casino before selecting POLi as the payment option. The procedure for making withdrawals is similar to that of making deposits and menu driven instructions will be made available. The minimum and maximum withdrawal limits can be found at the banking page of your online casino.