POLi is an Internet Banking Payment launched in 2006 in Melbourne, Australia under POLi Payments Pty Ltd. The company has been acquired by SecurePay Holdings, owned by Australia Post. It is a payment designed for the Australian market but from 2007 it also operates in New Zealand. Bettors can take advantage of instant deposits, gambling in the local currency and be eligible for promotions when betting on POLi bookmakers.
Most Australian bookies accept deposits through it, while at the same time, fees remain low. High-security features ensure that your transactions are always safe. In the following POLi review, you can take a look into every side of online betting with this method, such as:
- An up-to-date (2023) list of POLi betting sites
- How to use POLi when betting online
- All its pros and cons
Best POLi Betting Sites (2023)
Most bookies that operate in Australia & New Zealand have a partnership with POLi. In the following list, we have chosen the ones that truly stand out. They offer speedy transactions, low fees and high odds in NRL, AFL and cricket leagues.
Why should you bet on a POLi bookmaker
POLi bookmakers provide multiple benefits that players would consider remarkable. The most striking perks are the following:
✔ Widely accepted by bookmakers: POLi is a famous online payment method in Australia and New Zealand since it has been operating for over 15 years. So, it is not tough to find POLi betting sites in both countries.
✔ Instant deposits: A significant advantage is that every deposit takes place immediately. At the same time, the possibility of rejection is close to zero in almost every POLi bookmaker.
✔ There is no need to create an account: It is crucial that some bettors don’t need to create an account. Since a betting site accepts deposits, players just need to choose it as an option and will be redirected to their online banking account. The only requirement is to hold an account with a collaborating bank.
✔ P2P transfers: It is essential that you can send money to other players. Since you don’t have a POLi account, you need to use a third party that cooperates with the payment. A good option could be Western Union which will not charge you fees if you use POLi to send an amount to a friend’s bank account worldwide.
✔ Accepting AUD and NZD: It is always nice for bettors to bet in their local currency. Since the payment operates in Australia and New Zealand, players can deposit with AUD & NZD and avoid any conversion fees.
✔ Eligibility to claim a welcome bonus: Most of the time, POLi gambling sites provide you the possibility to claim a welcome offer. Moreover, you are usually eligible for all promotions and bonuses.
Drawbacks of betting with POLi
Betting with POLi comes with shortfalls, like every other payment option. Withdrawals restrictions and no plastic or virtual card can make it unattractive to some bettors.
❌ Available only in two countries: We are talking about an online payment system addressing only Aussie and New Zealander bettors. The payment is connected to the local banking system of the two countries and it is available for punters that hold an account to a local bank.
❌ Withdrawal restrictions: Probably the most significant disadvantage of POLi betting sites is that you can not withdraw any amount. Players have to find an alternative method such as an e-wallet or a bank transfer to withdraw funds from their accounts.
❌ Deposits only through a bank account: To use POLi payments, you need to hold a bank account in a local bank in Australia or New Zealand. Even if you have a credit card connected to your bank account, you cannot use it.
❌ No plastic or virtual card: A plastic or virtual card can be an important factor for some punters that are looking for a decent online payment method. POLi doesn’t provide any of these and players can use their funds only for online payments without physical presence.
❌ Doesn’t accept deposits with crypto: This is a major drawback, since you cannot fund your account with cryptocurrencies. POLi payment is connected to your bank account and you can not connect your crypto wallet to fund it.
❌ No POLi mobile app: Even though you can use the payment through your phone or visit the POLi website; there is no mobile app. That could make the deposit procedure more challenging when bettors would like to bet on POLi bookmakers in a live event through a smartphone when on the road.
Is betting with POLi legal and safe?
POLi was created in 2006 and nowadays it belongs to SecurePay Holdings, owned by Australia Post. This fact ensures that betting with POLi is 100% legal. Regarding safety, the payment holds the banking website's SSL certificate and is reviewed by independent security companies. Moreover, the data center is a Tier 3 data center with ISO27001 and ASIO T4 certifications.
How to deposit on POLi bookmakers
Regarding your deposits on your favorite POLi gambling sites, we are talking about a quick and easy procedure since you don’t need to have or create a POLi account.
- Log in to your desirable bookie
- Go to the “Deposit” Option
- Select ‘POLi’ or ‘POLi payments’ as your deposit method
- Enter the amount you would like to deposit
- You will be redirected to your internet banking
- Fill in your credentials and confirm the payment
Done. Since you have authorized the transaction, the amount will be immediately available to your sportsbook account.
Can I withdraw from POLi betting sites?
This is one of POLi’s most serious drawbacks; since, you cannot proceed with a withdrawal from POLi bookmakers for the time being. Bettors need to find an alternative method to withdraw their winnings. The most common choice for gamblers is to withdraw through bank transfer, but wallets like Neteller or Skrill are always an option. The lack of withdrawals is important and some players may reconsider depositing via POLi payments.
Fees and limits
One of the most significant advantages of the payment is that the fees remain low. There is a 1% fee per transaction and the max amount that players will be charged is $3. For example, even if bettors deposit $500, the fee will be $3.There are no fees to maintain your account active. POLi bookmakers will not charge you any further fees when you deposit an amount.
Regarding limits, the maximum per transaction is AUD 50,000 and also the exact amount is the maximum limit that you can send within 24 hours. Depending on the bookie you prefer, the limits for deposits may be different; but typically the minimum amount is AUD 5 and the maximum is AUD 20,000.
POLi compared to other payment methods
Although we talk about a reliable payment method and an appreciable choice for bettors, it is also good to look at alternative options.
POLi vs Skrill
Skrill is one of the top choices for any gambler who bets online. Most sportsbooks accept it since it operates worldwide. Low fees, instant transactions and under-the-radar betting activity are among its main perks. On the other hand, usually, you can not claim a welcome bonus when you deposit on Skrill bookmakers. However, POLi betting sites allow you to participate in every promotion. When you transfer from a Skrill account to your bank, charges could be up to 7.5% per transaction; depending on your bank. Another issue is that Skrill’s Prepaid Mastercard has a cost of €10 to obtain.
POLi vs Paysafe
Paysafe is considering the most famous prepaid voucher for online bettors. Founded in 2000, in Austria and with worldwide acceptance and almost zero fees; Paysafe bookmakers are a great choice for any player. Quick transactions, acceptance of multiple currencies and eligibility to claim a welcome bonus are its most significant edges. Although, the fees that apply to your balance after the 7th month of use (to keep your account active) and the lack of any reward program are serious shortfalls.
POLi vs Qiwi
QIWI is a popular online payment created in 2008 in Moscow. Although it focuses on Russian bettors, many Australian betting sites accept it. Talking about Qiwi bookies, speedy withdrawals, low fees and under-the-radar activity are hard to pass. At the same time, account holders can obtain a debit or a virtual card. However, high fees for using a Qiwi card and some sportsbooks that come with withdrawal restrictions could make players skeptical about using it for online betting.
Final word on POLi by Book Spy
POLi has operated for over 15 years and it is famous among gamblers in Australia and New Zealand. POLi bookmakers provide great security features and quick & safe deposits; while bettors can deposit by using their local currency.Still, the payment operates only in these two countries. Moreover, the fact that you can not withdraw from sportsbooks, you cannot use your cryptocurrency to fund your account and the lack of a plastic card may make some bettors reconsider using it.
To sum up, POLi betting sites are a notable option for gamblers. Eligibility for a welcome bonus, P2P transfers and low fees are hard to pass. However, some considerable downsides are that a bank account in a local bank is needed and that there is no mobile app; despite the fact that you can use the service through a smartphone. Therefore, I would recommend other online payments, such as Skrill or Paysafe, to make the most of your activity when betting online.
Complete list of POLi bookmakers
Fast transactions, low fees and attractive cricket odds are some of the main pros of POLi betting sites. Check below the full list and choose the one that better suits you.
POLi has multiple safety features. SSL certificate, Tier 3 data center with ISO27001 and ASIO T4 certifications ensures that your transactions remain safe and secure.
Yes, NAB (National Australia Bank) is among the banks that support the POli payment method. Any bettor who holds an online banking account on NAB can use the service to deposit to POLi betting sites.
Straightforward answer, no. POLi is connected directly with the users’ internet banking and can only be funded from there. So, players can not use their funds from any crypto wallet to deposit to a POLi bookie.
A major downside of the payment is that it doesn’t allow withdrawals. Bettors that chose to deposit with it need to find an alternative to withdraw their winnings.
POLi payments are only available in Australia and New Zealand. Many bookies accept it in New Zealand and the banks that cooperate with the payment are ASB, ANZ, Kiwibank, Bank of New Zealand, TSB Bank and Westpac.
POLi will charge you 1% per transaction and the maximum amount that you may be charged is $3 regardless of the amount you will deposit. There are no other fees, like charges to keep your account active.