Top POLi Casinos 2022 – NZ Casinos That Accept POLi

POLi is convenient for the New Zealand gambler in many ways. For starters, it is created by the Australian Post subsidiary POLi Payments Pty Ltd to target the locals. The applied charges are reasonable, ranging from NZD 0.50 to NZD 3.00 + GST per transaction. Unless the casino applies a pending period, deposits and withdrawals are processed instantly. POLi is accessible in numerous reputable online casinos and banks and is ready to use after a simple registration procedure. The payment service has one of the best payment protocols, a 2048-bit SSL encryption system. However, the fact that payments are non-reversible and the bad press surrounding its privacy policy strain its legacy.

By Frank

9 December 2024 5 min read

💳 POLi Review

POLi is an online payment system run by POLi Payments Pty Ltd, an Australian-based company formerly known as Centricom. The firm is owned by SecurePay Holdings, a subsidiary of Australian Post. It allows users to pay for goods and services off merchant websites without entering credit/debit card information. One significant benefit of the system when using it to gamble online is that receipts confirming transactions are processed instantly. The service is exclusively available in New Zealand and Australia, meaning it accepts NZD and is supported in several NZ-focused casinos.

POLi, as we know it today, was established in 2013, but the system’s journey began a while before then. POLi Version 1 was an ActiveX control and the first to hit the market. However, it did not gain traction because of security concerns. A security analyst for McAfee even branded it the easiest way for hackers to steal personal info. Version 2 came out next as a .NET Framework ClickOnce application. This version is still used in several banks and usually requires plugins to work on Chrome and Firefox. POLi Version 3 launched in July 2012 and bridges the online payment gap for MacBooks and smartphones, which is not offered by previous versions.

👍 How POLi Works

The payment system logs users into an online banking interface using an automated virtual machine with the provided bank credentials. From there, you can direct debit the amount to transfer. When gambling online, it can be used to cash into your casino account and withdraw any winnings they generate. The POLi account can be linked to a bank account in any of these institutions:

ASB
ANZ
Kiwibank
Bank of New Zealand
Westpac
The Cooperative Bank
TSB Bank

These accounts can be used to fund your online POLi wallet and receive winnings cashed out of casinos.

POLi protects login details by not storing username and password information. Account activity and funds are protected using SSL technology featuring top-tier 2048-bit protection. The system uses a proxy server for communication between users and the banking site for security against DNS poisoning and other looming threats. Other measures that boost POLi’s security are;

Regular windows and virus protection updates to POLi servers
Numerous server-side transaction integrity checks by independent third parties
Tier 3 data centre with ASIO T4 and ISO27001 certifications

The International Organization of Standardization awards the institution a global information security management standard approving of these measures. However, it does have its shortcomings. For starters, the terms of use make customers liable to losses if their account is compromised. Users are also not protected under the chargeback rules that often benefits significant purchases using credit/debit card payments. Therefore, refunds and reimbursements are almost impossible to get for unrendered or unsatisfactory services.

💻 Opening an Account with POLi

POLi can be used with or without opening an account. If you choose to open one, the procedure is relatively simple and unfolds as so;

Launch the official POLi website and choose to register
Provide the requested personal information such as a username, password, email, country, and full names
Confirm the data and create an account
Proceed to link a bank account to the POLi one to fund your online wallet and send funds to it

The POLi registration process can unfold on the browser or app version. The service is launchable on Android, iOS, and Windows gadgets. It doesn’t cost a dime to run the payment method on any operating system.

🪙 Depositing with POLi

Out of the many merchants that POLi services, several of them are online casinos. Before using the online payment system in any gambling dens, ensure you put in the work to find the right one. Ideal POLi casinos have proper licensing, top-notch security measures, inviting game collections, lucrative bonuses, fair terms of use, and user-friendly designs. The cashier channel works as a mode of depositing in all of them, and the process often goes as follows:

Visit the selected New Zealand casino and sign up or log in
Open the ‘Banking’ or ‘Cashier’ section, which can be on the homepage or under ‘My Account’
Select the deposit option and POLi as the preferred channel to use
Log into your POLi account on the redirected page and select the bank to debit your account with and any other necessary info like the bank account number
Verify the provided details, including the funds to be transferred, the payment reference number, and the transaction date
Click on ‘Proceed’ to generate a receipt that can be sent to your email

🧾 Withdrawing with POLi

While deposits are possible to make with POLi without registering an account, withdrawing from casinos and receiving funds from elsewhere is limited to members. Upon creating an account and linking it to a bank account, you can cash out of casinos as follows:

Confirm that winnings meet the attached terms, such as wagering requirements
Open the cashier section
Choose to withdraw and POLi as the payment method to accomplish it
Enter the amount to be cashed out
Key in requested account details
Wait for the gambling club to verify the request

The casino can request documents to prove account ownership and eligibility to use their services during withdrawal. In most cases, a copy of a government-issued ID, passport, driving license, or recent utility bill is required.

💲 Transaction Speeds with POLi

POLi is instant in its transactions for both deposits and withdrawals. Once a request to fund a casino account is sent, the cash is available immediately for real money gameplay. However, withdrawals are different. NZ gambling dens usually have their own processing time that can last up to 72 hours to confirm the validity of requests. Once the money is certified, it reflects in the POLi account instantly.

Transaction	Speed
Deposits to casinos	Instant
Withdrawals from casinos	Instant

POLi Fees

POLi does not apply any charges to users when depositing or withdrawing. Fees are directed at merchants, and they fall within an affordable range. The costs vary depending on the selected package, ranging between NZD 0.50 and NZD 3.00 + GST per transaction.

✔️ Upsides of POLi

POLi benefits users in more ways than one, including;

Instant transactions
No fees applied on the user’s end
Clients receive a receipt that confirms the transactions’ success
Payments are handled directly from NZ bank accounts

❌ Downsides of POLi

Cons of POLi

It would be biased to assume that POLi does not have its fair share of drawbacks, and they are;

Payments are non-reversible
Numerous security concerns in the past

Frequently Asked Questions

What is POLi?: POLi is an online payment system targeting the New Zealand and Australian markets. The payment system allows players to deposit and withdraw from their accounts quickly and easily without using their credit/debit cards. It is accepted in more than twenty banks, including Kiwibank, Bank of New Zealand, The Cooperative Bank, ANZ, and ASB.
Is POLi secure?: POLi has a global information security management standard issued by the International Organization of Standardization to show its annual statements and other services are independently audited. POLi states that it does not store personal data like usernames and passwords. However, it has been accused of mirroring its pages to capture client information in the past.
Where can I access POLi?: POLi is exclusively provided to New Zealand and Australian residents.
In which casinos can I deposit and withdraw with POLi?: Some New Zealand casinos accept payments through POLi, including Raging Bull Casino, Play Frank Casino, River Belle Casino, Mr Green Casino, and Frank Casino. The payment procedure in these casinos is mostly similar and hardly challenging.
Which games can I play in POLi casinos?: POLi casinos feature unique portfolios filled by diverse software developers. Nevertheless, they fall into similar categories, including slots, roulette, blackjack, video poker, poker, baccarat, and game shows. Slot machines are usually the most provided and can count in the thousands.
How long does it take to receive my funds in POLi?: Deposits and withdrawals processed with POLi reflect to and from the casino immediately after being cleared. Cashouts can take longer depending on the gambling den’s processing period. However, the payment method does not specify the time it takes for bank deposits to be accessible.

Final Remarks on POLi

POLi is a payment system to use with caution. While it is effective for the most part, it falls short in a significant determining factor – security. The complaints and warnings put out by banks are concerning, and so is the fact its chargeback rules do not protect users from the repercussions of their online bank account being compromised. Also, requesting refunds for non-delivered services or wrongful transactions is difficult. On the upside, POLi’s focus on the New Zealand market specifically means it is easily accessible in the region without too much hassle. Also, it supports NZD and is accepted in most major banks. Transactions are usually instant and are carried out at a reasonable cost.